Dormant Stocks Hold NGX 'Hostage' for Five Years - Concerns Rise Over Investor Confidence

26 listed companies on the Nigerian Exchange (NGX) have remained dormant for five years, impacting market capitalization and investor confidence. These companies, including NCR Nigeria, Chams Holding, and Premier Paint, have seen stagnant share prices and no dividends since 2007 or 2008.

Despite their moribund state, some of these firms have recently attracted investors. The lack of movement in these stocks has raised concerns about the overall impact on the market and the macroeconomic environment.

The situation highlights the challenges faced by these companies and the need for revitalization to boost the domestic bourse.