Reports from the Nigerian Stock Exchange (NSE) have shown that a total of 77 companies have been delisted in 10 years.
Delisting involves removal of listed securities of a company from a stock exchange where it is traded on a permanent basis.
According to the report, 77 companies were delisted on NSE from 2006 to May, 2016. A review of the list showed that 12 of the companies chose to delist voluntarily; 54 delisted due to regulatory instruction; while 11 of the companies delisted due to reforms/expansion within the sectors they operated.
