Business News of Wednesday, 2 July 2025

Source: www.dailypost.ng

Two Nigerian blue-chip companies exit NGX30 after H1 Index review

Nigerian Exchange Limited Nigerian Exchange Limited

Two Nigerian blue-chip, or top-listed, companies took the exit door at the Nigerian Exchange Limited 30 Index after a review of first-half 2025 performance.

This is according to a statement by NGX on Tuesday.

The review noted that famous Nigerian firms such as Conoil and Julius Berger exited the NGX 30 Index.

Meanwhile, on a good note, Aradel Holdings Plc and Wema Bank Plc have been added to the list.

Reacting, the Chief Executive Officer of the NGX, Jude Chiemeka, reemphasized the Exchange’s ongoing commitment to market development.

He said, “NGX continues to blaze the trail on the path to becoming Africa’s foremost securities exchange with innovation and product development that deepen the market and boost liquidity, thus connecting Nigeria, Africa, and the world.”