The Nigerian Exchange Limited (NGX) has lifted the suspension on the trading of International Energy Insurance Plc (IEI) shares. This restores normal market activity for the insurer. The suspension had been imposed over regulatory compliance matters. These were related to the finalisation of IEI’s 2024 audited accounts, which have now been concluded and released to the public.
In a statement, the company expressed satisfaction with the development, saying: “International Energy Insurance Plc (IEI or the Company) is pleased to announce to the general public that the Nigerian Exchange Limited (NGX) has officially lifted the suspension on the trading of its shares.”
IEI noted that it had also achieved a significant financial milestone. It revealed that “the company has successfully exited the legacy Daewoo loan and is now firmly repositioned for growth.” The firm described the lifting of the suspension as “a new chapter in our journey of recovery and growth.” Furthermore, it highlighted that its strategic recapitalisation plans would strengthen its financial base. This will improve its ability to serve customers effectively.
Reaffirming its focus on sound governance, the company stated: “This development signifies the restoration of normal trading activities for IEI shares and reaffirms our commitment to transparency, compliance, and corporate governance.”
The statement further added that the insurer remains committed to “rebuilding investor confidence and delivering long-term value for all stakeholders,” while appreciating the support of regulators, shareholders, customers, and partners as it continues to strengthen its operations and drive sustainable growth.
