Trading Resumes on Fortis Global Insurance Plc Shares
The Nigerian Exchange (NGX) has officially lifted the suspension on trading in the shares of Fortis Global Insurance Plc, effective Wednesday, 4 February 2026.
Here’s what happened and why it matters
Why Was Fortis Global Suspended in the First Place?
• The company (formerly Standard Alliance Insurance Plc) was suspended from trading on 2 July 2019.
• The suspension was due to failure to submit its required financial statements within the timeframe stipulated by NGX rules.
• Under NGX’s Default Filing Rules, companies that fail to file accounts after a cure period face:
• Formal notification,
• Suspension of trading in their shares,
• Notification to the SEC and the investing public.
What Changed Now?
• Fortis Global Insurance Plc has submitted all its outstanding financial statements to NGX.
• NGX reviewed the accounts and confirmed that they comply with its rules and requirements.
• Based on this, NGX invoked Rule 3.3 of the Default Filing Rules, which allows trading suspension to be lifted once compliance is achieved.
What Does the Lifting of Suspension Mean?
• Shares of Fortis Global Insurance Plc are now tradable again on the NGX.
• Investors can now buy, sell, or adjust their positions in the stock.
• The company is officially back into the active market after nearly seven years of suspension.
⚠️ Important Note for Investors
• While trading has resumed, investors should:
• Carefully review the newly filed financial statements,
• Assess the company’s fundamentals, solvency, and earnings outlook,
• Be mindful that stocks returning from long suspensions may experience high volatility as price discovery resumes.
Big Picture
This development reinforces NGX’s stance on market discipline and transparency—companies are held accountable, but compliance opens the door for reintegration into the market.
The Nigerian Exchange (NGX) has officially lifted the suspension on trading in the shares of Fortis Global Insurance Plc, effective Wednesday, 4 February 2026.
Here’s what happened and why it matters
Why Was Fortis Global Suspended in the First Place?
• The company (formerly Standard Alliance Insurance Plc) was suspended from trading on 2 July 2019.
• The suspension was due to failure to submit its required financial statements within the timeframe stipulated by NGX rules.
• Under NGX’s Default Filing Rules, companies that fail to file accounts after a cure period face:
• Formal notification,
• Suspension of trading in their shares,
• Notification to the SEC and the investing public.
What Changed Now?
• Fortis Global Insurance Plc has submitted all its outstanding financial statements to NGX.
• NGX reviewed the accounts and confirmed that they comply with its rules and requirements.
• Based on this, NGX invoked Rule 3.3 of the Default Filing Rules, which allows trading suspension to be lifted once compliance is achieved.
What Does the Lifting of Suspension Mean?
• Shares of Fortis Global Insurance Plc are now tradable again on the NGX.
• Investors can now buy, sell, or adjust their positions in the stock.
• The company is officially back into the active market after nearly seven years of suspension.
⚠️ Important Note for Investors
• While trading has resumed, investors should:
• Carefully review the newly filed financial statements,
• Assess the company’s fundamentals, solvency, and earnings outlook,
• Be mindful that stocks returning from long suspensions may experience high volatility as price discovery resumes.
Big Picture
This development reinforces NGX’s stance on market discipline and transparency—companies are held accountable, but compliance opens the door for reintegration into the market.