The Nigerian Exchange Limited (NGX) has suspended trading in the shares of Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc effective September 1, 2025.
The suspension is due to the companies’ failure to file their audited financial statements for the year ended December 31, 2024, within the stipulated time frame.
NGX in its market bulletin dated September 1, 2025 said, “trading license holders and the investing public are hereby notified that pursuant to Rule 3.1, rules for filing of accounts and treatment of default filing, which provides that: if an Issuer fails to file the relevant accounts by the expiration of the cure period , the Exchange will send to the issuer a second filing deficiency notification within two business days after the end of the Cure Period; suspend trading in the Issuer’s securities; and notify the Securities and Exchange Commission (SEC) and the Market within 24 hours of the suspension.
It added that following this reason, trading in the shares of the three listed companies have been suspended from the facilities of Nigerian Exchange Limited effective, Monday, 1 September 2025 for not filing their Audited Financial Statements for the year ended 31 December 2024.”
It added that “in accordance with the Default Filing Rules set forth above, the suspension of trading in the shares of the above mentioned companies shall be lifted upon the submission of the outstanding financial statements.”