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Insurance: NGX suspends trading in shares of three companies

05/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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The Nigerian Exchange Limited (NGX) has suspended trading in Regency Alliance shares Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc at beginning on September 1, 2025. This decision is due to the fact that companies did not file their audited financial statements for the year ended 31 December 2024 within the specified deadline.

line-height: 107%; font-family: "Bookman Old Style”, serif"> If an issuer does not Do not file the relevant accounts before the processing time expires, the Stock exchange: send the issuer a second notification of deposit deficiency within two (2) business days following the end of the correction period; suspends the trading of the issuer's securities; and informs Securities and Exchange Commission (SEC) and the market within twenty-four (24) hours following the suspension.

So, the negotiation of shares of the three (3) listed companies (Regency Alliance Insurance Plc), International Energy Insurance Plc and Universal Insurance Plc) was suspended installations of Nigerian Exchange Limited (NGX or The Exchange) as of Monday September 1, 2025 for not having filed their statements audited financial statements for the year ended December 31, 2024.

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