The Nigerian Exchange Limited has suspended trading in the shares of three listed insurance companies for failing to file their audited financial statements for the year ended December 31, 2024.

The suspension, effective September 1, 2025, affects Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc.

The action follows the Default Filing Rules under NGX’s Rules for Filing of Accounts and Treatment of Default Filing, which stipulate that an issuer that fails to submit the relevant accounts at the expiration of the cure period will receive a second filing deficiency notification, have trading in its securities suspended, and be reported to the Securities and Exchange Commission within 24 hours.

“Trading Licence Holders and the investing public are hereby notified that, pursuant to Rule 3.1 of the Rules for Filing of Accounts and Treatment of Default Filing, if an issuer fails to file the relevant accounts by the expiration of the cure period, the Exchange will send a second filing deficiency notification within two business days, suspend trading in the issuer’s securities, and notify the Securities and Exchange Commission and the market within 24 hours.

Consequently, trading in the shares of Regency Alliance Insurance Plc, International Energy Insurance Plc, and Universal Insurance Plc has been suspended from the facilities of the Nigerian Exchange Limited, effective Monday, September 1, 2025, for not filing their audited financial statements for the year ended December 31, 2024. The suspension will be lifted once the outstanding financial statements are submitted,” the statement read.

According to the Exchange, trading in the shares of the affected companies will remain suspended until the outstanding audited financial statements are submitted. NGX said it is taking the action to protect investors and ensure compliance with its regulatory framework.

The SEC has been duly notified of the suspension, and investors are advised to monitor updates from NGX regarding the reinstatement of trading once the companies comply with the filing obligations.