The Nigerian Exchange Limited (NGX) has reinstated trading in the shares of Universal Insurance Plc after the company fulfilled its outstanding financial reporting obligations, marking a key step in its regulatory compliance journey.
In a market notice recently issued , the NGX confirmed the lifting of the trading suspension previously imposed on the insurer, allowing investors and trading license holders to resume buying and selling its shares on the exchange platform.
The suspension, initially announced on 1 September 2025 under reference number NGXREG/IRD/MB64/25/09/01, was triggered by the company’s failure to submit its audited financial statements for the year ended 31 December 2024 within the stipulated cure period, as required by the Exchange’s Default Filing Rules.
However, the NGX confirmed that Universal Insurance Plc has since filed both its audited 2024 financial statements and the outstanding unaudited reports for 2025. Upon review, the submitted documents were found to comply with the provisions of Rule 3.3 of the NGX Default Filing Rules.
“The Exchange shall announce through the same channels used for the initial suspension notice — including the investing public and the Securities and Exchange Commission (SEC) — that the suspension has been lifted,” the NGX stated. “Trading license holders and the investing public are hereby notified that the suspension on Universal Insurance Plc was lifted on , 3 September 2025.”
The reinstatement underscores the NGX’s structured enforcement of transparency and accountability standards, ensuring that listed companies meet timely financial disclosure requirements to protect investor confidence.
Universal Insurance Plc, one of Nigeria’s long-standing non-life insurance providers, had been under regulatory scrutiny in recent weeks due to the delayed filings. The prompt resolution highlights the company’s renewed commitment to corporate governance and regulatory compliance.
The NGX plays a critical role in maintaining market integrity by suspending non-compliant firms and restoring trading only after full disclosure, a mechanism designed to promote trust and stability in Nigeria’s capital markets.
With trading now reinstated, investors are expected to reassess the stock’s performance and position within the insurance sector, which continues to undergo transformation amid regulatory reforms and digital integration.
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