Makerere DAP

By Mark Muhumuza Survival instincts; this is perhaps the best way of describing how National Insurance  Corporation Limited (NIC) survived being suspended by the Uganda Securities  Exchange (USE) for delaying the release of its 2012 financial statements. The  insurer published its results two months after the deadline set by the USE for listed  companies. NIC, Uganda’s only locally listed insurer, was once again on the spot for  delayed publication of financial statements for 2012. NIC, in 2011 was suspended from trading  on the Uganda Securities Exchange  (USE) after it delayed to publish financial  statements for 2010, leaving investors in  suspense….