We’re tightening loose ends to unlock capital market investments – FRC
The Financial Reporting Council of Nigeria (FRCN) says it is tightening loose ends by partnering with Nigeria Exchange and key regulators in the financial services sector to unlock potentials of the capital market and other sectors. The Executive Secretary/CEO of the Council, Dr. Rabiu Olowo made the disclosure in Abuja on Wednesday at the second […]
The Financial Reporting Council of Nigeria (FRCN) says it is tightening loose ends by partnering with Nigeria Exchange and key regulators in the financial services sector to unlock potentials of the capital market and other sectors.
The Executive Secretary/CEO of the Council, Dr. Rabiu Olowo made the disclosure in Abuja on Wednesday at the second regulatory roundtable on the implementation of ISSB’s Sustainability Reporting Standards in Nigeria.
Olowo said, “There are various sectoral regulators here including the CBN, NGX, CAC among others. However, the NGX is very important because they are part of regulators of the capital market.
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“The primary reason for sustainability reporting in the first place is to help unlock capital flows. Investors across the world are asking for more disclosures. They are asking for deeper insights into investor confidence. So the NGX is going to play a huge role in ensuring that the capital market operators and companies listed on the Nigerian exchange are able to understand and implement these standards.” Also in her remarks, a board member of the International Sustainability Standards Board, Dr. Ndidi Nnoli-Edozien noted that the meeting is critical to seek ways of improving compliance on sustainability disclosure so that FRCN is able to track and improve its efficiency.