April 09, (THEWILL) — The Nigerian Exchange (NGX) is set to delist DN Tyre and Rubber Plc and Greif Nigeria Plc from its Daily Official List, marking the end of prolonged regulatory efforts to restore the companies to compliance.
NGX Regulation Limited (NGX RegCo) disclosed that the decision was ratified at its board meeting on March 27, 2026, and took effect on April 9, 2026. The move reflects the exchange’s commitment to maintaining listing standards and promoting transparency in the capital market.
DN Tyre’s exit follows more than a decade of unsuccessful restructuring attempts and sustained regulatory engagement. The company had been under review for over 12 years and was reclassified as a “Restructuring” entity in 2018. Despite multiple concessions, including a one-year extension granted in 2023, it failed to resolve compliance deficiencies or secure new investment.
Greif Nigeria’s delisting, however, comes after the completion of its formal liquidation process on November 27, 2025, making its removal largely procedural.
According to NGX RegCo, both decisions followed extensive reviews and engagements, with the primary aim of safeguarding investor confidence and ensuring market integrity.
DN Tyre’s prolonged struggles underscore the challenges faced by legacy manufacturing firms listed on the exchange, particularly those burdened by weak capital structures, operational disruptions, and limited investor appeal.
Although the company developed a 10-year recovery plan spanning 2020 to 2029, it failed to achieve a turnaround. The absence of credible investor backing ultimately led to the conclusion of its delisting process.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
