The Nigerian Exchange Limited (NGX) has suspended trading in the shares of three insurance firms—Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc—after they failed to meet regulatory filing obligations.
According to a market bulletin issued by the NGX on September 1, 2025, the suspension took effect immediately and was triggered by the companies’ inability to submit their audited financial statements for the year ended December 31, 2024, within the stipulated deadline.
The Exchange explained that the action was taken in line with Rule 3.1 on filing of accounts and treatment of default filing. The rule empowers the NGX to issue a deficiency notice, and if non-compliance persists beyond the cure period, to suspend trading in the company’s securities and notify both the Securities and Exchange Commission (SEC) and the investing public within 24 hours.
“Trading licence holders and the investing public are hereby notified that pursuant to Rule 3.1… trading in the shares of the above-listed companies has been suspended from the facilities of Nigerian Exchange Limited effective Monday, September 1, 2025,” the bulletin read.
The suspension underscores the NGX’s ongoing enforcement of disclosure rules aimed at strengthening market integrity and protecting investors.
