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.

Read also: NGX suspends trading in shares of Thomas Wyatt

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.

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“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.

Read also: NGX lifts trading suspension on Universal Insurance shares

“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.

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By Iheanyi Nwachukwu • October 8, 2025

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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