Closing prices from 19 Oct 2026
Last refreshed Oct 19, 2026 17:00 WAT
Red Star ExpressREDSTAREX
SERVICES NGXclosing price · trade date October 19, 2026
Key Trading Data
Latest imported Nigerian Exchange session data.
About Red Star Express
Red Star Express Plc provides courier, logistics, freight forwarding, and related services in Nigeria, having historically operated as FedEx's licensee or authorized service provider in the country. The company is listed on the Main Board of the Nigerian Exchange under the Services sector.
Red Star Express Plc was incorporated in Nigeria in 1992 and subsequently listed on the Nigerian Stock Exchange in 2007 (now Nigerian Exchange Limited). The company provides courier, logistics, freight forwarding, and related services, catering to both domestic and international markets.
Historically operating as FedEx's authorized licensee/service provider in Nigeria, the company integrates international logistics standards with local market expertise. Its services encompass express delivery, freight forwarding, and warehousing services.
Through its subsidiaries, including Red Star Freight, Red Star Logistics, and Red Star Support Services, the group serves corporate and retail customers across Nigeria, with international delivery capability historically supported through its FedEx relationship.
Strategic Alliances
Red Star Express has historically operated as a FedEx licensee/authorized service provider in Nigeria. This arrangement has historically facilitated international logistics capabilities, combining international services with domestic distribution. Customers may access shipment tracking services associated with its international delivery arrangements where available.
Diversified Service Model
The group operates through subsidiaries focused on logistics, freight forwarding, and support services. This structured approach allows the group to address different segments of the logistics value chain under specialized management. The strategy positions the firm to capture diverse revenue streams across the wider services industry.