Halal
Premium Paints passes both the business-activity screen and the financial screens under the AAOIFI Standard. No dividend purification applies.
NGX: PREMPAINTS · Industrial goods · Screened 24 Aug 2026 · H1 2026 accounts
Premier Paints Plc is a paint and coating manufacturer based in Ifo, Ogun State, first established on 25 March 1982 . Its core business is the production and marketing of paints spanning wood finishes, decorative coatings, industrial paints and auto refinishes. Products include Zetta and ZettaLux emulsion paints, Hilux gloss and emulsion, Hilux red oxide metal primer undercoats and Wall Marshall textured paints, alongside its wood finish range .
The company is a subsidiary of Trans Global Holding Limited . Mufutau Yusuf serves as Chief Executive Officer, with Matthew Eledan as Chief Financial Officer and Adedoyin A. Adeyinka as Chairman of the Board.
The company returned to a small profit in 2024, recording revenue of N148.11 million and net income of N1.99 million, but has since returned to losses, reporting a net loss of N7.57 million for the first quarter of 2026 . The company's auditor raised a "going concern" doubt in January 2026, and its shares remain under trading suspension on the Nigerian Exchange for non-compliance with post-listing filing requirements . The company's majority shareholders are in discussions with Xenergi Limited regarding the sale of a 51% stake. It employs 17 people .
Paint product lines covering decorative, wood finish, industrial and automotive refinish categories.
Yes. As of 24 August 2026, Premium Paints (PREMPAINTS) is halal to own under the AAOIFI Standard, with no purification required.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.