The Nigerian Exchange (NGX) Limited has imposed N378 million in fines on 13 listed insurance companies for breaches related to the filing of audited and unaudited financial statements.
This was disclosed in the latest X-Compliance Report released by NGX Regulation Limited, the compliance enforcement arm of the NGX Group.
The report published on February 20, 2026 shows that the insurance sector accounted for more than 70% of total compliance breaches, making it the least compliant sector in terms of financial reporting standards.
