• About
  • Advertise
  • Careers
  • Contact Us
Friday, July 11, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Nigeria Launches IFRS Sustainability Disclosure Standards

by Justice Godfrey Okamgba
June 27, 2023
in Finance
0
NGX RegCo, ICAN Sign MoU to Enhance Capital Market Regulation, equity market
UBA
Advertisements

The Financial Reporting Council (FRC) of Nigeria, together with the International Sustainability Standard Board (ISSB) and NGX Regulation Limited (NGX RegCo), recently launched the first two IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2 Standards).

The aim of this initiative is to empower investors and stakeholders to make informed investment decisions and encourage companies to prioritize sustainability in their financial reporting.

Notably, Nigeria has become the first African nation to adopt these standards, joining major global financial centers such as New York, London, Frankfurt, Singapore, Santiago, and Montreal.

During the launch event held at the Nigerian Exchange Group house in Lagos, Shuaibu Adamu, the Executive Secretary of FRC, expressed his belief that this milestone signifies Nigeria’s firm dedication to responsible and sustainable business practices.

He emphasized that Nigeria’s adoption of these standards sets a significant example for other countries, solidifying its position as a global leader in sustainability reporting.

Adamu further highlighted the importance of attracting private investment capital, as there is currently a substantial global investor base of over $2 trillion in institutional funds with a focus on environmental, social, and governance (ESG) factors.

To attract this capital, countries and institutions must demonstrate their commitment to climate action and sustainable development.

In this regard, Nigeria, with NGX as a platform, can position itself to compete with other nations. By providing comprehensive, comparable, and transparent information about sustainability and climate-related risks and opportunities, Nigeria can effectively price these factors and encourage the flow of private capital that is crucial for sustainable development

Loading

Advertisements
MTN ADS

Author

  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

    View all posts
0Shares
Tags: BondsIFRSNGX
Justice Godfrey Okamgba

Justice Godfrey Okamgba

Next Post
World Bank

Subsidy Removal: $800m Loan was Granted in 2021, says World Bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

AXA Mansard appoints Adebola Surakat

AXA Mansard Investments Renews Commitment to Women Empowerment

2 months ago
Google Trends shows Nigeria leading the way in search for love in 2023

Valentine’s Day: Nigeria are ‘Searching for Love on Google, See Trends Report

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.