₦airaland Forum

Olaide1295:
Do you know why it's being sold off? Is it a sector thing or is there some information about the company itself?

Itzlinda:
True. You will wonder what's the use of wealth at the expense of your people losing their lives, freedom, and source of livelihood.

Some people in that used to live in the states have now spent years without visiting their family.

Sometimes you wonder if these people do not have blood and emotions in their body

Redoil:
since you did not add ellah lakes to the list i will say you are right

@all Ella Lake AKA Kpakus has returned to profiatablity yet they are hidding it from the investing public so that all their family members and side chicks will load heavily before the public

Agbalowomeri:
The seller go vacation

E go resume September

How you lose your life savings as a trader 😂😂😂😂 pic.twitter.com/mKSk166XYo

— 🥞C4B Freedom🥞 (@Crypto4bailout) August 19, 2026

Ocallen:
Some people are damn happy.

edwardaigb:
Buy stock without research at your peril, difficult he seems but streetinvestor, PaEmma and probably one or two others earn my respect. all the others are noise.

londonerr:
E get as Wale go hold you ehn you go begin dey wander ...fight... quarrel see enemies where dem no dey

essentialone:
*NAICOM has cancelled Universal Insurance Plc’s licence* and put the company into receivership/liquidation.

*Key details:*

1. *Effective date*: Licence cancellation took effect *August 14, 2026*
2. *Reason*: Failed to meet the *Minimum Capital Requirement* within the compliance period that ended July 31, 2026
3. *Law used*: Nigerian Insurance Industry Reform Act 2025 - NIIRA 2025
4. *Receiver appointed*: *Ogbonna Chukwumerije* of Pinheiro LP, appointed by NAICOM CEO Olusegun Ayo Omosehin.

*What the receiver must do:*
- Trace, recover, secure and take possession of Universal’s assets
- Collate, verify and settle liabilities
- Submit periodic reports to NAICOM
- Liaise with NAICOM throughout the process.

*Public notice to:*
- *Banks/Financial institutions*: Do NOT honor any instructions, payments, withdrawals or transfers from Universal Insurance unless signed & stamped by the Receiver
- *Policyholders, creditors, agents, customers*: Cooperate with liquidation. Only deal with the Receiver or someone he authorizes in writing.

The notice took immediate effect on *August 18, 2026* and will remain until liquidation is complete.

*What this means for Universal Insurance*
Remember that Universal Insurance had a last minute deal with FPNG Co-Nvest for N7.128bn to get 50.1% stake. That didn’t close fast enough.

Now instead of recapitalizing, the company is being wound down. This is the first confirmed enforcement action from the 6 insurers that missed the deadline.

*For policyholders*: Valid claims will be identified and handled under NIIRA 2025, but the value of assets/liabilities hasn’t been disclosed yet.

*Context*
NAICOM had said 48 insurers + 2 reinsurers were compliant. The 6 that missed it were:

1. Goldlink
2. Staco
3. NICON
4. Nigeria Re
5. Royal Exchange Prudential Life
6. Universal.

*NAICOM has also recently revoked Nigeria Reinsurance licence* and appointed a liquidator. So Nigeria Re, is likely the next.

chimex38:
Substantial part of IPO has been underwritten.

https://leadership.ng/dangote-refinery-completes-1bn-underwriting-programme-ahead-of-ipo/

KarlTom:
OandO AGM

https://doclib.ngxgroup.com/Financial_NewsDocs/47822_OANDO_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_AUGUST_2026.pdf

GeeKudi:
My Sunday school teacher explained this verse to exclude "the finding of money". So, na find I dey find, I won't fall in love 😁

Streetinvestor2:
If they announce it now will u participate. You see @50 for RI when the time comes,you will see people rushing to buy even people on this thread. I expect that RI after q1 2027 results
The way the market is looking even Dangote Refinery ipo will likely not to happen this yr

chimex38:
Unlike Zenith that reported it's at CBN's desk.

Access is still finalizing?
ee never even kommot from their table?