Between last year and now, the Nigerian Exchange (NGX) has seen a surge of voluntary exits from companies listed on the bourse as more firms, for various motivations, rejig their business models to seek greater opportunities outside public ownership.
From banking to energy and consumer goods sectors, at least seven firms have left the exchange on their own within the period or are in the middle of doing so in moves that could weaken the NGX’s newfound drive to attract fresh listings and boost market capitalisation.
The exchange only admitted two new companies (VFD Group and Mecure Industries) last year and has added Transcorp Power to its list this year.
