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November 20, 2019

Why big brands go from boom to bust. !!

Aside from the glaring uncertainties surrounding both global and local markets, the fortunes of some Nigerian conglomerates listed on the Nigerian Stock Exchange (NSE) have dropped from boom to bust.

While the Regulation Committee of the National Council of The Exchange (RegCom) has recommended some for delisting, others got delisted a few years back and others that were not listed have gone moribund.

From the manufacturing sector to the Construction, Media and hospitality industries, a large number of businesses established by prominent individuals had collapsed few decades after they were established due to their inability to survive stiff competition posed by younger firms or demise of their owners.

Data obtained from the NSE by Nairapreneur shows that RegCom has approved for The Exchange to proceed with the delisting process of Evans Medical Plc, Nigerian German Chemicals Plc, Roads Nigeria Plc, and Omatek Ventures (on delisting watch-list) over their failure to comply with some post-listing requirements, including failure to file their quarterly and annual reports.

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