The Nigerian Exchange Limited (NGX) has announced the winding down of its Alternative Securities Market (ASeM) Board, effective July 1, 2025.
According to the Exchange, this decision is part of an ongoing effort to streamline market segments and enhance the efficiency of listed securities.
Following the closure, eligible companies listed on the ASeM Board will be migrated to the Growth Board.
Those that fail to meet the migration requirements will be delisted from the Daily Official List of the Exchange, the Bourse warned on Wednesday.
NGX Regulation Limited (NGX RegCo) has commenced the migration of Juli Plc to the Growth Board. However, Smart Products Nigeria Plc has been marked for delisting, having failed to meet the eligibility criteria for migration.
Consequently, trading in the shares of Smart Products Nigeria Plc has been suspended, effective Wednesday, October 8, 2025, pending the completion of the delisting process.
The Release:
“Trading License Holders and the investing public are hereby notified that the Board of the Nigerian Exchange Limited (NGX) has resolved to wind down the Alternative Securities Market (ASeM) Board effective 1 July 2025.
“In line with this decision, the eligible companies on the ASeM Board will be migrated to the Growth Board, while the securities of the ineligible companies will be delisted and their names removed from the Daily Official List of NGX.
“Further to the above, 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 (the Company) 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, 8 October 2025, pending the delisting of the Company’s securities.”
