NGX lifts suspension on trading International Energy Insurance shares
The Nigerian Exchange Limited (NGX) has lifted the suspension on the trading of International Energy Insurance (IEI) Plc shares.
The suspension arose in connection with regulatory compliance relating to the finalisation of the 2024 audited accounts, which has now been concluded and released to the public.
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International Energy Insurance has also successfully exited the legacy Daewoo loan and “is now firmly repositioned for growth”, according to the company in its recent notice.
“This development signifies the restoration of normal trading activities for IEI shares and reaffirms our commitment to transparency, compliance, and corporate governance.
“The lifting of the suspension marks a new chapter in our journey of recovery and growth. The road ahead includes our strategic recapitalisation plans, aimed at strengthening our financial base and enhancing our capacity to serve customers effectively.
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“We remain fully committed to repositioning IEI as a strong, responsible, and customer-focused insurance company.
“With this step, we are focused on rebuilding investor confidence and delivering long-term value for all stakeholders,” the company further said while appreciating the support of its regulators, shareholders, customers, and partners as it continues to strengthen its operations and drive sustainable growth.
