Lagos, Nigeria – The NGX Regulation Limited has approved the delisting of DN Tyre and Rubber Plc and Greif Nigeria Plc from the Nigerian Exchange, years after failed efforts to resuscitate the entities. The decision was ratified at the regulator’s board meeting on March 27, 2026, and will take effect on April 9, 2026.
Okay News reports that DN Tyre exits after over 12 years of unsuccessful restructuring and regulatory engagement. Despite being reclassified as a restructuring company in 2018 and granted multiple extensions, including an additional one-year window in 2023, the company failed to resolve its deficiencies or attract investors.
Greif Nigeria’s removal follows the completion of its formal liquidation process on November 27, 2025, making its delisting a procedural step. The regulator stated that the move provides clarity to investors while reinforcing market integrity.
DN Tyre’s prolonged struggle highlights the challenges faced by legacy manufacturing firms on the Nigerian Exchange, particularly those grappling with weak capital structures, operational shutdowns, and an inability to attract fresh investment. The company’s 10-year business plan covering 2020 to 2029 failed to deliver a turnaround despite all regulatory efforts.
Delisting from the Nigerian Exchange may arise from regulatory non-compliance, financial distress, or corporate actions such as mergers and liquidation. For investors, delisting means that their shares can no longer be traded on the exchange.
This stock delisting enforcement action underscores the Exchange’s commitment to upholding listing standards and ensuring market transparency.
