The Nigerian Alternate Ltd(NGX) has lifted the suspension on buying and selling in Common Insurance coverage Plc’s shares.
This improvement, which grew to become efficient on Wednesday, September 3, 2025, now allows shareholders to renew buying and selling of the corporate’s shares on the NGX platform.
The suspension was lifted after the corporate had filed its Audited Monetary Statements for the yr ended 31 December 2024 (2024 AFS) and excellent Unaudited Monetary Statements for 2025.
Due to this fact, NGX famous that, in view of the corporate’s submission of its 2024 AFS, and pursuant to Rule 3.3 of the Default Submitting Guidelines, which states that, “the suspension of buying and selling within the issuer’s securities shall be lifted upon submission of the related accounts offered The Alternate is happy that the accounts adjust to all relevant guidelines of The Alternate.
“The Alternate shall thereafter additionally announce by the medium by which the general public and the SEC have been initially notified of the suspension, that the suspension has been lifted. Buying and selling License Holders and the investing public are hereby notified that the suspension positioned on buying and selling on the shares of Common Insurance coverage Plc was lifted at the moment, Wednesday, 3 September 2025.”
Earlier, NGX had earlier referenced its Market Bulletin dated 1 September 2025 with Reference Quantity: NGXREG/IRD/MB64/25/09/01 whereby it notified Buying and selling License Holders and the investing public of the suspension within the buying and selling on the shares of Common Insurance coverage Plc.
“If an Issuer fails to file the related accounts by the expiration of the Treatment Interval, the Alternate will ship to the Issuer a “Second Submitting Deficiency Notification” inside two (2) enterprise days after the tip of the Treatment Interval; droop buying and selling within the Issuer’s securities; and notify the Securities and Alternate Fee (SEC) and the Market inside 24 hours of the suspension,” it added.
