Nigeria, May 16 -- As more companies opt to exit the Nigerian Exchange (NGX), minority shareholders are increasingly voicing dissatisfaction with the treatment they receive during these transitions.

Their major grievance centers on inadequate compensation, which many argue does not reflect the real value of their investments. This growing frustration is unfolding against the backdrop of ongoing or completed delistings by firms such as Flour Mills of Nigeria Plc, MRS Oil Nigeria Plc, Wapic Insurance, and International Energy Insurance Plc, with Lafarge Africa Plc reportedly next in line.

Delisting is not unusual. Companies may go private to streamline operations, reduce regulatory costs, or restructure. However, the process has raised re...