The regulatory arm of the Nigerian Exchange Group Plc, NGX Regulation Limited, has reinstated the trading licence of ECL Asset Management more than a year after it was revoked.
The Head of Market Regulation at the exchange, Chinedu Akamaka, confirmed this development in a circular dated Wednesday, October 15, 2025.
In an earlier circular referenced NGXREG/MR/CIR03/24/06/13 and dated June 13, 2024, the authorities of the NGX revoked the licence of the company.
The bourse had said the disciplinary action against ECL Asset Management Limited was effective March 21, 2024.
But after a review, the trading licence of the firm has been reinstated and it is now allowed to transact on trading platform of the Nigerian Exchange (NGX) Limited.
“This is to notify all trading license holders that the board of NGX Regulation Limited, at its meeting held on September 24, 2025, approved the reinstatement of the trading license of ECL Asset Management Limited as a trading license holder of Nigerian Exchange Limited with immediate effect,” a part of the notice yesterday said.
Business Post gathered that ECL Asset Management is a company based in Lagos and is mainly into financial-portfolio management, mortgage banks and offering financial advisory, financial consultancy, and mortgage portfolio services.