Shareholders have started counting their losses after the Nigerian National Insurance Commission, NAICOM revoked the licence of Universal Insurance, also known as Univinsure.
DAILY POST reports that NAICOM’s revocation of Univinsure’s licence took effect on August 14, 2026.
NAICOM said Univinsure failed to raise its N15 billion capital after the July recapitalisation deadline elapsed.
In line with the enforcement of the Nigerian Industry Reform Act 2025, Univinsure’s licence was revoked.
Consequently, the company’s stock has been on a steady decline, putting shareholders in agony.
Details of the firm’s trading on the NGX showed that the stock has declined by 36 percent to 77 kobo in 2026 so far.
According to a financial expert known as Rufybaba on X, following Univinsure’s licence revocation, the firm may never trade on the Nigerian stock market again.
This means that shareholders of Univinsure face an estimated N13.6 billion loss.
“So far in 2026, however,
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