By Aduragbemi Omiyale The suspension placed on the trading in the shares of International Energy Insurance (IEI) Plc has been lifted by the Nigerian Exchange (NGX) Regulation Limited (RegCo). The lifting of the embargo on the underwriting company was confirmed by NGX Limited in a regulatory disclosure last week. NGX RegCo, which regulates the nation’s… Continue reading NGX Lifts Embargo on International Energy Insurance
Tag: International Energy Insurance
International Energy Insurance Gains 57.14% in One Week
By Dipo Olowookere Shares of International Energy Insurance appreciated 57.14 per cent on the floor of the Nigerian Exchange (NGX) Limited last week, closing at 99 Kobo compared with the preceding week’s 63 Kobo. The underwriting is getting the attention of investors after the embargo on trading on the company’s stocks was lifted a few… Continue reading International Energy Insurance Gains 57.14% in One Week
International Energy Insurance Records Half-Year Loss of N76.7m
By Dipo Olowookere All is still not well with International Energy Insurance (IEI) Plc as its half-year results have revealed that it is still running at a loss despite efforts put in place to put it back into profitability. Details of its unaudited financial statements for the first half of 2022 indicated that the underwriter… Continue reading International Energy Insurance Records Half-Year Loss of N76.7m
Restructuring Delays International Energy Insurance 2019 FY Results
By Dipo Olowookere One of the underwriting companies in Nigeria, International Energy Insurance (IEI) Plc, has explained the reason its audited financial statements for the 2019 accounting year have not been released. In a notice on Wednesday, the company attributed the delay to the ongoing restructuring exercise aimed at making its operations better. However, the… Continue reading Restructuring Delays International Energy Insurance 2019 FY Results
NSE Flags Medview Airline, 12 Others; Cautions Investors
By Dipo Olowookere The Nigerian Stock Exchange (NSE) has advised investors “to trade with caution” on the shares of Medview Airline Plc and 12 others. The reason for raising the red flag, according to the exchange, is because the companies have failed to give details of the financial statements as required by the rules for… Continue reading NSE Flags Medview Airline, 12 Others; Cautions Investors
NSE Suspends Union Dicon Salt, 5 Others
By Modupe Gbadeyanka Six companies trading their shares on the floor of the Nigerian Stock Exchange (NSE) have been suspended. This followed their failure to file in their financial statements as required by the listing rules. The six companies affected by the suspension include DN Tyre & Rubber, FTN Cocoa Processors, International Energy Insurance, Thomas… Continue reading NSE Suspends Union Dicon Salt, 5 Others