WorldStage– Prestige Assurance Plc, one of the 12 insurers the Nigerian Exchange Group recently fined for missing audited financial statement disclosure deadlines, has announced its board’s resolution to seek NAICOM’s approval before the 2025 audited report disclosure.
The company filed its audited report on the exchange on January 30, two months before the March 31 deadline.
A statement it issued after the March 17 board meeting said the directors approved the Company’s Audited Financial Statements for the year ended 31st December, 2025 (2025 AFS).
“The 2025 AFS will be filed with the NGX upon obtaining NAICOM’s approval.”
The Nigerian Insurance Commission approves insurers’ audited financial statements before disclosure to the exchange and the investing public at a set date.
Shareholders reappointed its external auditors Deloitte and Touche at an annual general meeting last year to audit the 2025 annual report.
In the compliance report, Prestige Assurance got slammed with N5.1 million for disclosing its 2024 Audited financial statement due for December that year on August 18 last year.
It also delayed its 2025 quarter 1 and 2 unaudited reports in August last year, landing another total for N7 million for non-compliance.
