Union Dicon Salt Plc Meets Compliance Standards for NGX
Union Dicon Salt Plc (NGX: UNIONDICON), along with three other firms, is under scrutiny by the Nigerian Exchange Regulation Limited (NGX RegCo) due to outstanding compliance issues. The NGX confirmed that Union Dicon has addressed its compliance deficiencies and now meets the free-float requirements for companies listed on the NGX Main Board.
The October 23, 2026 X-Compliance Report identified four companies on the Delisting Watchlist and five undergoing restructuring. The November deadline serves as a regulatory review point rather than a confirmed date for compulsory delisting.
Market operators, including Mr. Charles Fakrogha, CEO of ECL Asset Management Limited, have called for a balanced regulatory approach to protect shareholder interests while enforcing compliance. Union Dicon's operational revival is contingent on its ability to meet remaining post-listing obligations, following difficulties in contacting its 40% shareholder, Aims Limited, earlier in the year.
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