NGX restores trading rights to Universal Insurance
The Nigerian Exchange Limited has restored trading rights to Universal Insurance Plc following the company’s compliance with its filing obligations.
In a notice to the market on Wednesday, the Exchange announced that the suspension earlier placed on the insurer’s shares had been lifted, allowing shareholders and investors to resume trading on the NGX platform.
The notice read, “We refer to our Market Bulletin dated 1 September 2025 with Reference Number: NGXREG/IRD/MB64/25/09/01 wherein we notified Trading License Holders and the investing public of the suspension in the trading on the shares of Universal Insurance Plc. The company has now filed its audited financial statements for the year ended 31 December 2024 and its outstanding unaudited financial statements for 2025.”
NGX explained that in line with Rule 3.3 of the Default Filing Rules, the suspension was lifted upon confirmation that the submitted accounts complied with the relevant provisions of the Exchange.
It added, “The Exchange shall thereafter also announce through the medium by which the public and the Securities and Exchange Commission were initially notified of the suspension that the suspension has been lifted. Trading licence holders and the investing public are hereby notified that the suspension placed on trading on the shares of Universal Insurance Plc was lifted today, Wednesday, 3 September 2025.”
Universal Insurance had been suspended for failing to file its 2024 audited accounts within the stipulated cure period as required under NGX rules.
