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CAPITAL HOTELS
Between 2021 and 2023, about 13 firms delisted from the Nigerian Exchange (NGX), due to varying reasons, from breach of regulatory requirements to voluntary delisting. With the cumulative market cap of the companies amounted to N335.5 billion.
While new listings in the NGX contributed about N179 billion in 2023, delisted companies have withdrawn over N224 billion from the NGX’s market cap.
Hotelling activities in Nigeria are picking up from the contractions recorded in 2020 and 2021 due to the Covid-19 pandemic
The hospitality industry continues to suffer the effect of the COVID-19 pandemic.