The Nigerian Exchange (NGX) has lifted its eight-year suspension on the shares of Aso Savings & Loans Plc, allowing trading in the company’s stock to resume after nearly a decade of regulatory inactivity.

According to a statement from the Exchange, the decision followed Aso Savings & Loans’ successful submission of all outstanding financial statements and its compliance with NGX’s post-listing requirements. The reinstatement took effect on October 21, 2025.

Aso Savings & Loans was originally suspended in 2017 for failing to meet mandatory disclosure obligations, including timely filing of audited financial accounts a common disciplinary measure for listed companies that fall behind on regulatory filings.

Following the resumption of trading, the company’s shares surged by 9.9 percent on the first trading day, reflecting renewed investor optimism after years of uncertainty.

Market analysts note that while the lifting of the suspension signals progress in the company’s regulatory standing, investors should remain cautious given the institution’s long period of dormancy and potential operational headwinds.

The NGX’s decision underscores its ongoing efforts to enhance market transparency and ensure that listed entities adhere to corporate governance and disclosure standards.