Union Dicon Salt and Four Firms on NGX Delisting Watchlist

On March 4, 2026, Union Dicon Salt Plc was placed on the Nigerian Exchange (NGX) delisting watchlist, alongside four other companies. This regulatory move is part of NGX's ongoing efforts to enforce post-listing compliance requirements among listed companies, ensuring transparency and orderly trading in the capital market.

The management of Union Dicon Salt reported difficulties in establishing contact with its 40 major shareholders, which has hindered compliance updates. A total of 15 companies are currently under different regulatory monitoring categories by NGX, which includes the delisting process.

Companies typically progress through the watchlist stage of the delisting process if they fail to resolve compliance deficiencies within the monitoring period. The delisting watchlist does not immediately affect the trading status of the companies' shares but signals increased regulatory scrutiny.

NGX requires companies to provide timely and accurate information to maintain orderly market disclosures and meet minimum governance standards.