The Nigerian Exchange Limited (NGX) has lifted the suspension placed on the shares of Aso Savings and Loans Plc (NGX: ASOSAVINGS), effectively restoring the company’s trading status after eight years of inactivity on the local bourse.
According to a Market Bulletin issued by NGX Regulation Limited on October 21, 2025, the decision followed Aso Savings’ submission of all outstanding financial statements in compliance with the Exchange’s Default Filing Rules.
The suspension was originally imposed on July 5, 2017, after the mortgage institution failed to file its required financial statements within the stipulated period. Under Rule 3.1 of the Default Filing Rules, listed companies that fail to meet reporting obligations within the “Cure Period” face automatic suspension from trading until compliance is achieved.
The NGX stated that the lifting of the suspension aligns with Rule 3.3, which provides that trading may resume once a company has filed all relevant accounts and the Exchange is satisfied with their compliance with applicable regulations.
Soaring Stock Price
Following the reinstatement, trading in Aso Savings’ shares resumed on October 22, 2025. The stock has since witnessed renewed investor interest. At the close of trading on Friday, October 24, the share price climbed 10% to ₦0.66 per share, up from ₦0.60 on the previous day.
It has gained over 32% since resumption of trading, rising from N0.50 to N0.66 per share.
A total of 26.58 million units of the company’s stock have been, reflecting increased market activity and investor confidence after years of dormancy.
Aso Savings and Loans is expected to leverage this reinstatement to rebuild market trust and reposition itself within the financial services sector.
The company has 14.74 billion outstanding shares and a market capitalization of N9.73 billion as at close of trading on Friday.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
