Economy
NSE, GRI, Dangote Cement Host Sustainability Workshop
On Thursday, September 26, 2019, accountants, financial analysts and communication practitioners gathered at the Stock Exchange House in Lagos for a capacity development workshop on sustainability value proposition and reporting.
The event was organized by the trio of the Nigerian Stock Exchange (NSE), Dangote Cement Plc and Global Reporting Initiative (GRI).
The workshop, driven by the need to demonstrate the relationship between financial and non-financial functions and the strong synergy between the two in achieving business continuity, brought together over 70 participants from the media, accounting and investment communities.
Speaking at the event, Bola Adeeko, Divisional Head, Shared Services, NSE, said “we recognize that sustainability should not be separate from core business strategy as it involves operating in a way that takes full account of an organisation’s impact on the planet, its people and the future.
“At the NSE, we continually seek innovative initiatives to build competence for businesses within our ecosystem. This workshop is designed to help accountants, financial analysts and communication practitioners respond to new demands resulting from changes in the way businesses now define value creation.”
The session introduced participants to the concept of sustainability reporting within the context of the GRI Standards and the NSE Sustainability Disclosure Guidelines. It helped accounting and investment professionals understand the role of impact measurement, innovation and value creation of sustainability reporting in improving corporate financial performance.
The workshop also helped communications practitioners understand recent advances in sustainability reporting with the aim of improving reporting of sustainability issues across the capital market.
The event was headlined by senior executives of Dangote Industries Limited including Dr. Ndidi Nnoli, Group Chief Sustainability and Governance, Dangote Industries Ltd (DIL) who introduced the workshop participants to the Dangote Industries value creation model, which builds on the 7 Sustainability Pillar Methodology.
She said “Our work in Dangote Cement Plc showcases the importance of mainstreaming sustainability as the key to engendering holistic business impact, innovation and value creation.
The workshop, scheduled during the United Nations 74th General Assembly, supports the implementation of SDGs in Africa by establishing the positive correlation between financial and non-financial (ESG) functions and the potential synergy between responsible business growth and sustainable development.”
The NSE, realizing the crucial role played by accountants, financial analysts and communications professionals in facilitating behavioral change in support of achieving the Sustainable Development Goals (SDGs), designed the session in collaboration with GRI as part of the collaborative partnership to improve the performance and disclosure of Environmental, Social and Governance (ESG) issues across the ecosystem of the NSE.
“The GRI Standards help companies understand and disclose their impacts on the world – and by doing so enable them to manage these impacts and improve ESG performance. Accountancy professionals, financial analysts and communications specialists all have important roles in supporting corporate sustainability reporting, therefore I was delighted by the engagement achieved through this session,” said Douglas Kativu, Director, Global Reporting Initiative (GRI) Africa who was the lead facilitator at the workshop.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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