Trading in Aluminium Extrusion Stocks Suspended on NGX

By Aduragbemi Omiyale

Those interested in buying or selling the shares of Aluminium Extrusion Plc on the Nigerian Exchange (NGX) Limited will not be able to do so for now.

This is because trading activities on the company’s securities on the Nigerian bourse have been suspended by the NGX Regulation Limited.

The reason for this is that the organisation has failed to submit its financial statements as required by the listing rules for the perusal of the investing community.

After being given grace periods to file the results, the board of the firm has not done the needful, necessitating the wielding of the stick on the entity.

A notice from Customs Street disclosed that the suspension became effective last Wednesday. It will be lifted when the financial results are submitted.

“In accordance with the default filing rules, the suspension of trading in the shares of the company shall be lifted upon the submission of the relevant financial statements,” a part of the notice said.

Business Post reports that Aluminium Extrusion has not filed its financial statements for the year ended December 31, 2025, more than three months after it was required to submit its financial performance for the last fiscal year.

“Trading license holders and the investing public are hereby notified that pursuant to Rule 3.1, Rules for Filing of Accounts and Treatment of Default Filing, (Default Filing Rules), which provides that if an issuer fails to file the relevant accounts by the expiration of the cure period1, the exchange will: a) send to the issuer a second filing deficiency notification within two business days after the end of the cure period; b) suspend trading in the issuer’s securities; and c) notify the Securities and Exchange Commission (SEC) and the market within 24 hours of the suspension.

“Trading in the shares of Aluminium Extrusion Plc has been suspended from the facilities of Nigerian Exchange Limited effective Wednesday, July 22, 2026, for not filing its Audited Financial Statements for the year ended December 31, 2025,” the disclosure stated.

Shares of Aluminium Extrusion last traded on the domestic stock exchange at N9.90 per unit.