Nigerian Exchange Suspends Universal Insurance Trading Amid NAICOM License Revocation

The Nigerian Exchange (NGX) Limited has suspended trading in the shares of Universal Insurance Plc, following the revocation of the company’s operating license by the National Insurance Commission (NAICOM) for failure to meet minimum capital requirements.
The Company’s shares were suspended from trading on the NGX, effective on August 20, 2026 and last traded at 77 kobo per share.
In a market bulletin, NGX said the suspension was activated under Rule 7.0 of the Rules on Suspension of Trading in Listed Securities, which permits the Exchange to halt trading where it is in the interest of the investing public and consistent with SEC rules.
According to the notice, NAICOM revoked Univer...