NIGERINS Announces Delay in Submission of Q1 2020 Results


Wednesday, July 08, 2020 / 10:05 AM / NSE / Header Image Credit: Niger Insurance

The Board of Directors and Management of Niger Insurance Plc. hereby inform their esteemed Shareholders and other Stakeholders that regrettably they were unable to submit the Company's First Quarter Unaudited Financial Statements ("UFS") for the period ended 31st March, 2020 to the Nigerian Stock Exchange (the "Exchange") by 29th June, 2020 as required by the regulatory agency.

This unintended delay resulted from the inadvertent delay in obtaining the required approval on its Audited Financial Statements for the year ended 31st December, 2019 from its primary regulator, National Insurance Commission ("NAICOM") as well as the Financial Reporting Council of Nigeria ("FRCN") which is a prerequisite for the submission of the UFS.

While we are optimistic that the Audited Financial Statements will soon be submitted to the Exchange once approved by NAICOM to enable the submission of the UFS, the Board and Management of Niger Insurance Plc. sincerely apologise for any inconvenience that this delay may cause to its Stakeholders.

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Table:  Q3 2019 Unaudited Results

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