The Association of Securities Dealing Houses of Nigeria (ASHON) has called for an urgent review of the National Insurance Commission's (NAICOM) revocation of Universal Insurance Plc's operating licence. ASHON argues that the action raises serious concerns for investors and the wider Nigerian capital market. The association cited a N7.1 billion deal involving the company as a factor in its objection. The revocation has sparked debate about regulatory actions and their impact on market confidence.
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