• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

ICAN, NGX Regco Recommits To Transparency In Corporate Reporting

…As Dangote Cement, Airtel, Seplat Top Award

by Olushola Bello
1 year ago
in Business
ICAN
Share on WhatsAppShare on FacebookShare on XTelegram

The Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX RegCo), restated commitment to promote transparency, accountability and international best practices within the private sector.

Advertisement

They both stated that at the maiden corporate reporting award, which recognizes the top 30 most capitalised companies listed on the Nigerian Exchange (NGX) for the 2022 financial reporting year held at the weekend in Lagos.

The awards underscored both organisation’s shared commitment to fostering transparency, accountability, and international best practices within the private sector. Evaluation criteria included financial reporting, corporate governance, and sustainability reporting.

Dangote Cement secured the top position across all three categories, earning the Platinum award alongside the best-in-class award of excellence in corporate governance. Airtel clinched the gold award, securing the second position and the best-in-class award of excellence in financial reporting for the period under review. Seplat Energy was honoured with the Silver award while also receiving the best-in-class award for excellence in sustainability reporting.

Speaking at the event, the president of ICAN, Dr. Innocent Okwuosa, commended NGX RegCo for ensuring better disclosures and reporting among listed companies, stating that corporate reporting had evolved over the years from the time that most of its content focuses on financial reporting to when there emerged the clamour for incorporation of social and environmental disclosures.

RELATED

GMOs Flood Nigerian Markets, As Federal Govt Urged To Examine Biosafety Guidelines

Introduction Of GMOs Not To Poison Nigerians, Says Official

3 hours ago
Equities Market Extends Rebound With N204bn Gain

Equities Market Extends Rebound With N204bn Gain

22 hours ago
ADVERTISEMENT

He emphasised the evolution of corporate reporting over time, highlighting the shift from a primary focus on financial reporting to the increasing request to incorporate social and environmental disclosures.

Okwuosa added that good corporate reporting must reflect the best elements in corporate governance, financial, and sustainability reporting, highlighting that the maiden edition is limited to NGX-30 companies for ease of administration and will be extended to all the listed companies in the future.

Also, the CEO of NGX RegCo, Olufemi Shobanjo, highlighted that “transparency is one of the key drivers of any economy. 

ADVERTISEMENT

It ensures full disclosure of information by entities and that such information is easily accessible to members of the public to make informed decisions.

“Over the years, there has been an evolution in the type and quality of information demanded, driven by heightened expectations from investors, decision-makers, and society as a whole.”

He added that “while financial reports remain at the forefront of information required by stakeholders, the concept of Environmental, Social and Governance (ESG) considerations has become an area of increasing interest to both public and private sector stakeholders.

“Stakeholders are beginning to demand more accountability, and companies are required to think beyond just profitability by expanding their scope to include the ethical impacts that their operations have on society or communities within which they operate.”

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: ICANNGX
SendShare10170Tweet6357Share
ADVERTISEMENT
Previous Post

Feed, Fodder Project To Tackle Farmer/Herder Crisis – Minister

Next Post

Lagos Water Corporation Pays Compensation, Others To Disengaged Staff

Olushola Bello

Olushola Bello

You May Like

GMOs Flood Nigerian Markets, As Federal Govt Urged To Examine Biosafety Guidelines
Agriculture

Introduction Of GMOs Not To Poison Nigerians, Says Official

2025/08/28
Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Leadership Conference advertisement

LATEST

TETFund’s Electrification Drive: Ending Power Outages In Tertiary Institutions

PDP And The Road To 2027

Bauchi Records 70% 2025 Budget Performance

Niger Republic Prime Minister, Others Celebrate Hausa Day In Daura

Federal Gov’t Urged To Review Ban On New Varsities, Others

ACReSAL Hails Governor Yahaya Over Gombe’s Environmental Restoration

Minister Reaffirms Commitment To Waterway Safety

Group Lauds Tinubu, Armed Forces Over Ansaru Breakthrough

We’ll Drive Nigeria’s Devt With Tech, Food Security – Tinubu

Entries Open For Diamond Awards For Media Excellence

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.