Fortis Global Insurance returns to trading after regulatory suspension
Fortis Global Insurance Plc, previously known as Standard Alliance Insurance Plc, has resumed trading on the Nigerian Exchange Limited after a lengthy suspension. The company’s shares had been frozen from trading since 2 July 2019 due to failure to file required financial accounts. The ban was lifted after the firm submitted all outstanding statements, prompting a strong investor response. Fortis Global Insurance quickly became one of the top-performing stocks upon its return.
TLDR
- Trading in Fortis Global Insurance shares resumed following a suspension that began on 2 July 2019.
- The Nigerian Exchange lifted the ban on Wednesday, 4 February 2026 after the company met all regulatory filing requirements.
- The stock price rose from N0.20 to N0.26 by the end of the week, a 30% increase.
- Fortis Global Insurance was the eighth-highest gainer on the exchange for the week.
- Despite Fortis’s gains, the broader NGX Insurance Index declined 2.33% due to losses in other insurance stocks.
