The Nigerian Exchange Limited (NGX) has lifted the suspension on trading in the shares of Universal Insurance Plc, allowing investors to resume transactions on the company’s stock.
The development was confirmed in the NGX’s latest weekly bulletin, which referred back to a prior notice issued on 1 September 2025, with Reference Number: NGXREG/IRD/MB64/25/09/01. That earlier notice had informed Trading Licence Holders and the investing public of the suspension due to the company’s failure to meet regulatory filing deadlines.
The Exchange explained that under its Default Filing Rules, listed companies are required to submit their financial accounts within a specified timeline. Where an issuer fails to comply by the end of the Cure Period, the NGX is required to issue a Second Filing Deficiency Notification, suspend trading in the company’s securities, and notify the Securities and Exchange Commission (SEC) and the broader market within 24 hours of the action.
Universal Insurance has now submitted its Audited Financial Statements for the year ended 31 December 2024, along with outstanding unaudited results for 2025. The NGX confirmed that this filing satisfies its listing requirements and has triggered the lifting of the trading suspension in accordance with Rule 3.3 of the Default Filing Rules.
That rule stipulates that the suspension of trading shall be lifted once the Exchange receives the outstanding accounts and is satisfied that the documents meet all relevant regulatory standards. The Exchange is then obliged to communicate the decision through the same public channels used when announcing the original suspension.
“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,” the statement read.
The lifting of the suspension allows shareholders and market participants to resume trading on the Universal Insurance counter on the NGX platform.