NGX N-Zero Begins Climate Baseline Reviews For Listed Firms

Nigerian Exchange Group (NGX Group) has commenced corporate baseline assessments under its N-Zero initiative, marking the next phase of its effort to move Nigerian businesses from climate ambition to measurable action.

The assessments, which began in September 2026, are designed to establish each participating company’s starting point and provide a structured view of its readiness across key areas including climate-risk management, emissions measurement and reporting, target-setting, transition planning, and carbon-market opportunities.

Launched in January in partnership with DEG Impulse gGmbH and Africa Foresight Group (AFG), N-Zero has engaged more than 50 companies across key sectors of the economy.

17 companies have been formally onboarded as community members, while over 100 companies have received the baseline survey.

Current community members include Access Holdings, Dangote Cement, United Bank for Africa, Stanbic IBTC Holdings, First HoldCo, Fidelity Bank, Zenith Bank, Wema Bank, NEM Insurance, Chapel Hill Denham, BUA Cement, Caverton Offshore Support Group, Presco, Oando, HBM Nigeria, Seplat Energy and Skyway Aviation Handling Company.

According to NGX Group, the baseline findings will identify priority gaps and inform tailored support for each company.

Following the baseline, firms will undergo needs assessments combining digital diagnostics with expert technical review to determine readiness levels and define next steps toward credible climate targets.

The GMD/CEO, NGX Group, Temi Popoola said, “the transition to a net-zero economy is increasingly becoming a factor in competitiveness, investor confidence and access to capital. Nigerian businesses therefore need to move beyond climate ambition to demonstrate measurable and credible progress.

“The baseline assessment is a critical step because it gives us the evidence and insight required to tailor support and help participating companies turn climate intent into measurable action and long-term value.”

The broader programme targets supporting companies to develop science-aligned targets and transition plans, assess emissions-reduction potential, facilitate eligible carbon-offsetting projects and track progress towards the reduction or avoidance of approximately 20,000 tonnes of carbon-dioxide-equivalent (tCO₂e) emissions.

For NGX Group, N-Zero is structured as a progression from awareness and assessment to target setting, validation, implementation and impact tracking. The goal is to build a more climate-ready corporate sector and a capital market positioned to respond to risks and opportunities in the global transition to a lower-carbon economy.