Economy
Expert Advises NGX to Make Sustainable Reports Mandatory for All Listed Companies
By Ashemiriogwa Emmanuel
A Partner and Head of Sustainability Services at Africa’s leading professional service firm, PricewaterCooper (PwC) Nigeria, Mrs Rukaiya El-Rufai, has advised the Nigerian Exchange (NGX) Limited to make sustainable reports mandatory for all companies listed on its platform.
At the moment, only firms on its premium board are mandated to adhere to the exchange’s Sustainable Disclosure Guidelines (SDG), a development Mrs El-Rufai faults as she said it is not encouraging in advancing the integration of sustainability into organisations.
Speaking at the eighth edition of the annual PwC Capacity Enhancement Workshop held virtually on Tuesday and monitored by Business Post, the sustainability expert emphasised that extending the SDG to other listed companies would help in the speedy promotion of Environmental, Social and Governance (ESG) principles which will facilitate more meaningful engagement between investors and listed companies on ESG risks and opportunities.
While commenting on some of the standards and framework guiding ESG in Nigeria, she said, “I am so proud of our Central Bank, they were very forward-looking because it was implemented eight years ago and they were leaders on sustainable banking principles.
“Another is the Financial Reporting Council of Nigeria (FRCN) Code of Cooperate Governance, The Securities & Exchange Commission (SEC) Code of Cooperate governance, they all have ESG requirements.
“Also, NGX has a Sustainable Disclosure Guidelines, but they restricted it to premium companies. To be honest, I think that affected the adoption. It would really be great If they extend it to all listed companies because that would help in the ESG fitness of Nigeria.”
The guidelines outline recommendations for good practice in 13 thematic areas under four core principles in ESG reporting of which investors are to look forward towards a consistent approach to ESG reporting from issuers listed on the local stock exchange.
Mrs El-Rufai who spoke extensively at the event on the advocacy of ESG through journalism urged media practitioners across the country to disclose tangible information on the subject as stakeholders are looking for relevant and complete ESG data.
In her closing remark, she also encouraged journalists to stand against the act of greenwashing – a common practice where organisations put forward ecological arguments in order to forge an ecologically responsible image among the public, stressing that the verification of information before publishing is very critical.
She urged reporters to continuously educate the public on climate change and ESG related issues.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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