Trading in the shares of Notore Chemical Industries Plc on the floor of the Nigerian Exchange (NGX) Limited has been suspended.
The action was taken ahead of the delisting of the company’s securities from the domestic stock market.
Notore Chemical intends to leave the nation’s flagship stock exchange. The process to make this happen has already commenced.
The NGX, in a statement to the investing community, stated that the suspension took effect from last Wednesday.
“Trading license holders and the investing public are hereby notified that trading in the shares of Notore Chemical Industries Plc was suspended on Wednesday, June 11, 2025.
“The suspension is necessary to prevent trading in the shares of the Company in preparation for the delisting of the securities of the company in line with the approval obtained from Nigerian Exchange Limited,” the notice disclosed.
On August 2, 2018, Notore Chemical joined the Nigerian bourse, and at the time of its suspension, its share price was at N62.50 per unit, its highest value in the last one year.