Two insurance companies – Linkage Assurance Plc and Cornerstone Insurance Plc – have in different notices explained the delay in filing their results for the first quarter (Q1) ended March 31, 2025.
Linkage Assurance Plc in a May 9 notice informed its shareholders and the public that, in accordance with Rule 1.1.4 of the NGX Rulebook on the Filing of Accounts and Treatment of Default Filing, the company was unable publish its Unaudited Financial Statements (UFS) for the first quarter ended March 31, 2025 (Q1 UFS 2025).
“The delay in filing the Q1 UFS 2025 is due to the ongoing review of the Audited Financial Statements for the year ended December 31, 2024 (AFS 2024) by the Company’s primary regulator, the National Insurance Commission (NAICOM). The Q1 UFS 2025 will be filed upon NAICOM’s approval of the AFS 2024.