IEI Shares Resume Trading as NGX Lifts Suspension
International Energy Insurance Plc (IEI) has received positive news as the Nigerian Exchange Limited (NGX) has lifted the suspension on trading its shares. The move comes after IEI finalized its 2024 audited accounts, addressing regulatory compliance concerns.
IEI's financials show a slight increase in total assets to N17 billion, up from N16.8 billion the previous year. Total liabilities also decreased slightly to N24.06 billion. The company has fully exited its Daewoo loan, indicating improved financial health.
Trading resumed on October 2, but IEI's stock has slipped over 10% month-to-date, despite renewed activity with over 7 million shares changing hands. IEI reported a pre-tax profit of N679.1 million for the period ended June 30, 2025, down from N1.04 billion in the same period of 2024. The suspension, which lasted from September 1, 2025, has now been lifted.
IEI's shares, trading under the ticker INTENEGINS, are back in the market. The company's financials show progress, and the lifting of the suspension should boost investor confidence. However, the recent stock performance and reduced profit indicate challenges that IEI must address.
