Nigeria’s Exchange Suspends 12 Insurance Companies for non-submission of 2009Annual Accounts


October 5, 2010 

The Management of the Nigerian Stock Exchange has, this morning, Tuesday October 05 2010 placed the following companies on technical suspension for failure to submit their Audited Accounts for the year ended, December 31, 2009.


This was contained in the Proshare’s official website and sourced from Cordros Capital Limited, a Member of the Nigerian Stock Exchange (NSE).


The companies are as follows:


·        Great Nigeria Insurance Plc

·         Guinea Insurance Plc

·         Intercontinental Wapic Insurance Plc

·         Investment and Allied Insurance Plc

·         Niger Insurance Plc

·         UNIC Insurance Plc

·         Universal Insurance Plc

·         Standard Alliance Insurance Plc

·         Crusader Nigeria Plc

·         International Energy Insurance Plc

·         Staco Insurance Plc

·         Royal Exchange Plc


Nigeria Wire and Cable and Union Diagnostics have had their suspensions removed today.


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