Niger Insurance, two others ejected from stock exchange 

The Nigerian Exchange Limited (NGX) has delisted Niger Insurance Plc, Resort Savings and Loans Plc and RAK Unity Petroleum Plc. 

The NGX said in a report on Friday that the shares of the firms were removed from its facilities on Thursday “on the grounds that they are operating below the listing standards” and “their securities are no longer considered suitable for continued listing and trading in the market.”

The bourse pointed out that its rule book states that the name of a company can be removed from the official list if it considers there is insufficient public interest in the company, among others.