Greif Nigeria Plc, a manufacturer of steel drums, plastic containers, and sheet metal products, has announced that it will hold its Final General Meeting (FGM) on November 10, 2025, in Lagos. The meeting comes as part of the company’s winding-up process under the Companies and Allied Matters Act (CAMA) 2020, marking the final step before its official dissolution.
In a notice published on the Nigerian Exchange (NGX), Greif stated that its registrars, All Crown Registrars, will send formal notices and copies of the liquidation accounts to shareholders ahead of the meeting. At the gathering, the company will present its final accounts, allow shareholders to ask questions, and seek approval for the liquidation accounts before filing dissolution documents with the Corporate Affairs Commission (CAC).
The process is being conducted in compliance with Section 631(2) of CAMA 2020, which governs final meetings and the dissolution of companies. Greif had previously disclosed that it had cleared all tax liabilities and obligations, paving the way for the dissolution process to move forward.
Formerly known as Van Leer Containers (Nigeria) Plc, Greif Nigeria is a subsidiary of Greif International Holding BV and operates out of Apapa, Lagos. The company also provides industrial services including steel punching and aluminium welding.
Since its listing on the Nigerian Exchange, the company’s shares have steadily declined, dropping by 33.54% in 2021 alone due to industry challenges and economic pressures. From its initial price of ₦13.30, the stock fell below ₦10 by 2017 and further under ₦6 by 2021. Trading was eventually suspended in 2022 as part of the winding-up process, with the stock priced at ₦5.45 at the time.
Chairman Adedayo Olowoniyi attributed the company’s struggles to growing competition and a stagnant steel-drum market, which placed significant pressure on operations in recent years.