The Nigerian Exchange Limited (NGX) has announced the suspension of trading in the shares of Notore Chemical Industries Plc, effective Wednesday, June 11, 2025. The move comes as a precursor to the formal delisting of the company from the Exchange.
According to a corporate disclosure signed by Godstime Iwenekhai, Head of the Issuer Regulation Department at NGX, the suspension was implemented to prevent further trading activity ahead of the company’s delisting process.
“Trading license holders and the investing public are hereby notified that trading in the shares of Notore Chemical Industries Plc was suspended today, Wednesday, June 11, 2025,” the NGX stated. “The suspension is necessary to prevent trading in the shares of the company in preparation for the delisting of the securities of the company, in line with the approval obtained from Nigerian Exchange Limited (NGX).”
Notore Chemical Industries, a key player in Nigeria’s agro-allied and chemical manufacturing sector, has been listed on the NGX since 2018. The company is widely known for its production of fertilizers and other industrial chemical products.
No official reason for the delisting was disclosed in the NGX statement, but analysts suggest it may be part of a broader strategic restructuring by the company or a response to market performance pressures.
Market watchers and investors are expected to closely monitor further announcements from both the company and the Exchange regarding the formal delisting and potential implications for shareholders.
