• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NGX Delists 3.22bn Tourist Company, Union Homes Shares From Platform

by Olushola Bello
6 months ago
in Business
ngx
Share on WhatsAppShare on FacebookShare on XTelegram

Nigerian Exchange (NGX) Limited has delisted a total of 3.223 shares of Tourist Company of Nigeria Plc and Union Homes Savings & Loans Plc from its trading platform.

Advertisement

The Companies’ shares were officially delisted effective on January 31, 2025. This action follows a review that found both companies operating below the listing standards required for continued presence on the Exchange.

As at December 2024, Tourist Company of Nigeria has 2.246 billion shares with market capitalization of N5.616 billion, while Union Homes Savings & Loans has 976.563 million with market capitalisation of N2.949 billion.

The delisting means that the securities of these firms are no longer available for trading on the NGX, as they have failed to meet regulatory requirements necessary to sustain their listing status. The move aligns with NGX’s commitment to maintaining a high standard of corporate governance, transparency, and investor protection within the market.

NGX stated, “trading license holders and the investing public are notified that pursuant to the provisions of Clause 14 of the Amended Form of General Undertaking, for Listing on the Exchange, which states that it has the right to suspend trading in any listed securities of the Issuer, delist such securities, or remove the name of the Issuer from the daily official list upon failure of the Issuer to comply with any one or more of the provisions of this General Undertaking, or when in its sole discretion, the Exchange determines that such suspension of trading or delisting is in the public interest, or otherwise warranted.”

RELATED

Centre Laments Poor Presence Of CNG Outlets In North

Federal Gov’t To Build Additional CNG Conversion Centres

3 hours ago
UBA Shareholders Approve N5 Per Share Dividend For 2024

Recapitalisation: UBA Opens N157.85bn Rights Issue

22 hours ago

It added that the securities of the two Companies have been delisted from the facilities of Nigerian Exchange on the grounds that they are operating below the listing standards of NGX, and their securities are no longer considered suitable for continued listing and trading in the market.

Cowry Assets Management Limited said “the removal of these entities reflects the Exchange’s strict compliance with listing rules, ensuring that only companies meeting financial, operational, and disclosure requirements retain their positions on the bourse.

“Therefore, investors holding shares in these companies may need to explore off-market avenues for potential transactions or await further announcements regarding any corporate restructuring efforts.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Nigerian Exchange (NGX)
SendShareTweetShare
Previous Post

Active Bank Accounts Rise By 49%

Next Post

Naira Firms To N1,610/$ As CBN Extends Sales To BDCs

Olushola Bello

Olushola Bello

You May Like

Centre Laments Poor Presence Of CNG Outlets In North
Business

Federal Gov’t To Build Additional CNG Conversion Centres

2025/08/01
UBA Shareholders Approve N5 Per Share Dividend For 2024
Business

Recapitalisation: UBA Opens N157.85bn Rights Issue

2025/07/31
AfDB Tips Senegal, Mozambique Ahead Of Nigeria In Gas Investment
Business

AfDB Supports Nigeria with $1.2m For Battery Energy Storage System Study

2025/07/31
SheVentures, WENA Partner, Empower 150 Women Entrepreneurs
Business

SheVentures, WENA Partner, Empower 150 Women Entrepreneurs

2025/07/31
First HoldCo Earnings Rise By 18% To N1.7trn H1
Business

First HoldCo Earnings Rise By 18% To N1.7trn H1

2025/07/31
Business

ICT Stakeholders Agree On Collaboration To Address Multiple Taxation, Others

2025/07/31
Leadership Conference advertisement

LATEST

Igbo Community Endorses Governor Mutfwang For Second Term

Rivers APC Factional Chairman Writes Yilwatda, Seeks Recognition

SDP Leaders, Stakeholders Meet Over Crisis

Address Killings In Imo, PDP Tells Gov Uzodimma

2027: Political Parties Push For Electoral Reforms

Tinubu Will Get 15m Votes In 2017- APC Chieftain

Coalition Leaders Vow To Sack APC In Cross River

Climate Change And Africa’s Debt Burden

Tinubu, Saraki, Obi, Others Hail Igbinedion At Biography Launch

Ekiti Traditional Rulers’ Council Gets New Chairman

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.