Nigerian Stock Exchange Sends Three More Firms Packing

The Nigerian Exchange Limited (NGX) announced on Friday that the securities of Capital Oil, Goldlink Insurance and Medview Airline have been delisted from its facilities.

The NGX said in the weekly report that the companies were delisted on Thursday “on the grounds that they are operating below the listing standards of NGX, and their securities are no longer considered suitable for continued listing and trading in the market.”

The latest regulatory delisting marks the second this year. On January 31, the securities of Tourist Company of Nigeria and Union Homes Savings and Loans were removed for the same reason.