Trading in the shares of Smart Products Nigeria on the floor of the Nigerian Exchange (NGX) Limited has been suspended.
A notice from the NGX signed on Wednesday, October 8, 2025, by its Head of Issuer Regulation Department, Mr Godstime Iwnekhai, said.
The action was taken in preparation for the delisting of the company’s securities from the stock exchange.
It also followed the closure of the Alternative Securities Market (ASeM) index of the exchange effective July 1, 2025, and the failure of Smart Products Nigeria to meet a part of the listing rules.
In the disclosure, the NGX said it was migrating companies in the defunct ASeM board to the Growth board and Smart Products Nigeria is short of the requirements to be on the new category.
“NGX RegCo has commenced the process of migrating the securities of Juli Plc to the Entry Segment of the Growth Board while the securities of Smart Products Nigeria Plc will be delisted due to the closure of the ASeM Board and the failure of the company to meet the required criteria for migration to the Growth Board.
“Consequently, the securities of Smart Products Nigeria Plc have been suspended from trading on the facilities of NGX effective today, Wednesday, October 8, 2025, pending the delisting of the company’s securities,” parts of the circular stated.
The winding-down of the ASeM board was approved by the board of the NGX. The group was created for small and medium-sized companies seeking to access the capital market with less stringent listing requirements.