Nigeria gives companies until 2028 to adopt eco reporting
Nigeria Details on the relevant penalties were not released, and the report said that small businesses would have until 2030 to comply with the new mandate.
The government announced in June 2023 that it would implement the International Financial Reporting Standards relevant to environment- and climate-related disclosures. The move makes Nigeria the first African nation to adopt the standards.
A roadmap with a four-year timeline has now been released by a working group including regulators, company representatives and capital market operators.
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