Eight years later, the Nigerian Exchange Limited (NGX) has lifted the suspension placed on the shares of Aso Savings and Loans Plc, ending almost a decade of inactivity by the company.
The resumption of trading was effective October 21, 2025, after eight years of inactivity.
At the close of trading on Thursday, October 23, 2025, the stock price rose by 9.9% to close at N0.60 kobo per share, up from N0.55 kobo.
A total of 11, 300,155 units were exchanged in 17 trades valued at N6.78 million. Thus, the stock price rose by 10 kobo in two trading sessions between Wednesday, October 22 and Thursday, October 23.
It would be recalled that the mortgage institution’s shares had been frozen at N0.50 since July 5, 2017, following its failure to meet statutory filing obligations under the NGX’s Default Filing Rules.
In a formal notice signed by the Head of Issuer Regulation Department, the Exchange announced that Aso Savings had successfully submitted all outstanding financial statements, thereby satisfying the conditions for lifting the suspension.
“Trading License Holders and the investing public are hereby notified that the suspension placed on trading in the shares of Aso Savings and Loans Plc has been lifted,” the statement read.
