The NGX Regulation Limited (NGX RegCo) has approved the delisting of DN Tyre and Rubber Plc and Greif Nigeria Plc from the Daily Official List of the Nigerian Exchange (NGX) Limited, years after failed efforts to help resuscitate the entities.
- +NGX to delist Greif, DN Tyre over compliance failures, liquidation
The NGX regulatory compliance arm said the decision was ratified at the regulator’s board meeting on March 27, 2026 and will take effect today, April 9, 2026.
The NGX regulatory compliance arm said the decision was ratified at the regulator’s board meeting on March 27, 2026 and will take effect today, April 9, 2026.
While DN Tyre exits after years of unsuccessful restructuring and regulatory engagement, Greif Nigeria’s removal follows the completion of its formal liquidation process.
NGX RegCo said the delisting of both companies is in line with its mandate to uphold listing standards and ensure transparency in the capital market.
The regulator added 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.
However, the absence of credible investor commitment ultimately led to the resumption and completion of the delisting process.
Delisting from the Nigerian Exchange may arise from regulatory non-compliance, financial distress, or corporate actions such as mergers and liquidation.
Shareholders of Greif may have to wait for any residual value distribution that may arise from the liquidation proceedings. For the investors in DN Tyre, it is a case of investment gone irredeemably bad.
