WorldStage– Royal Exchange Plc has issued an official statement to clarify its relationship with Royal Exchange Prudential Life Plc (REPRU) following recent public reports regarding the revocation of REPRU’s operating license by the National Insurance Commission (NAICOM).
In a regulatory filing released on September 11, 2026, pursuant to Rule 17, Part II of the Nigerian Exchange Limited (NGX) Rule Book 2015, Royal Exchange Plc assured shareholders, investors, and the public that REPRU is no longer a subsidiary, affiliate, or under the ownership or control of Royal Exchange Plc.
Key Details from the Disclosure:
License Revocation: NAICOM revoked REPRU’s operating license due to the company’s failure to meet applicable minimum capital requirements.
Past Divestment: While REPRU continues to bear the Royal Exchange name, Royal Exchange Plc fully disposed of its financial interest in the life insurance entity in August 2022.
Operational Independence: REPRU’s current operations, financial obligations, liabilities, and regulatory status are completely separate and distinct from those of Royal Exchange Plc.
No Financial Impact: Royal Exchange Plc emphasized that NAICOM’s regulatory action against REPRU will have no effect on Royal Exchange’s ongoing operations, assets, or financial position.
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Royal Exchange Plc reaffirmed its commitment to maintaining high standards of corporate governance and regulatory compliance while focusing on delivering value to its shareholders. The notice was signed by Lovelyn Aniekwe on behalf of OOT Nominees Ltd, Company Secretary.
