Premier Paints Is Back on the Trading Floor!
NGX Lifts Suspension After Compliance Milestone
The Nigerian Exchange Limited (NGX) has officially lifted the suspension placed on trading in the shares of Premier Paints Plc, effective Wednesday, 14 January 2026.
Here’s what happened, broken down simply
⏸️ Why Was Premier Paints Suspended?
• In July 2022, NGX suspended trading in Premier Paints’ shares.
• Reason: Failure to file outstanding financial statements within the allowed timeframe.
• Under NGX rules, companies that default on filing:
• Receive deficiency notices
• Are suspended from trading
• Are reported to the SEC
This was done to protect investors and ensure transparency.
✅ What Changed Now?
• Premier Paints Plc has submitted all outstanding financial statements to NGX.
• NGX reviewed the accounts and confirmed they comply with listing rules.
• Based on this, NGX invoked Rule 3.3 of the Default Filing Rules, which allows suspension to be lifted once compliance is achieved.
What Does “Lifting of Suspension” Mean?
• Investors can now buy and sell Premier Paints shares again on the NGX.
• The stock returns to the Daily Official List.
• The company is now considered regulatory-compliant (at least on financial reporting).
⚠️ Important Note for Investors
• Lifting of suspension does NOT automatically mean:
• The company is profitable
• The stock price will rise immediately
• It simply means the company has met minimum disclosure requirements.
Investors should still:
• Review the newly filed financials
• Watch trading volume and price action
• Assess fundamentals before making decisions
Big Picture Takeaway
This move reinforces NGX’s stance on:
• Transparency
• ️ Corporate governance
• ️ Investor protection
For Premier Paints, it’s a fresh start—but performance going forward will matter more than compliance alone.
NGX Lifts Suspension After Compliance Milestone
The Nigerian Exchange Limited (NGX) has officially lifted the suspension placed on trading in the shares of Premier Paints Plc, effective Wednesday, 14 January 2026.
Here’s what happened, broken down simply
⏸️ Why Was Premier Paints Suspended?
• In July 2022, NGX suspended trading in Premier Paints’ shares.
• Reason: Failure to file outstanding financial statements within the allowed timeframe.
• Under NGX rules, companies that default on filing:
• Receive deficiency notices
• Are suspended from trading
• Are reported to the SEC
This was done to protect investors and ensure transparency.
✅ What Changed Now?
• Premier Paints Plc has submitted all outstanding financial statements to NGX.
• NGX reviewed the accounts and confirmed they comply with listing rules.
• Based on this, NGX invoked Rule 3.3 of the Default Filing Rules, which allows suspension to be lifted once compliance is achieved.
What Does “Lifting of Suspension” Mean?
• Investors can now buy and sell Premier Paints shares again on the NGX.
• The stock returns to the Daily Official List.
• The company is now considered regulatory-compliant (at least on financial reporting).
⚠️ Important Note for Investors
• Lifting of suspension does NOT automatically mean:
• The company is profitable
• The stock price will rise immediately
• It simply means the company has met minimum disclosure requirements.
Investors should still:
• Review the newly filed financials
• Watch trading volume and price action
• Assess fundamentals before making decisions
Big Picture Takeaway
This move reinforces NGX’s stance on:
• Transparency
• ️ Corporate governance
• ️ Investor protection
For Premier Paints, it’s a fresh start—but performance going forward will matter more than compliance alone.