Nigeria’s listed banks have begun releasing their fourth-quarter earnings, with early filers choosing the Nigerian Change’s (NGX) 30-day interim unaudited submitting window, whereas a bigger group seems to be positioning for the 60-day audited accounts possibility permitted beneath NGX guidelines.
To date, FCMB Group Plc, First HoldCo Plc, Sterling {Financial} Holdings Firm Plc, Jaiz Bank Plc, and Wema Bank Plc have printed their This fall unaudited {financial} outcomes throughout the NGX-mandated 30 calendar days after the top of the 2025 {financial} yr.
The early disclosures sign compliance with NGX’s interim reporting regime, which permits issuers to launch unaudited full-year outcomes inside 30 days, offered audited accounts comply with inside the usual timeline.
As on the finish of January, FCMB Group Plc, First HoldCo Plc, Sterling {Financial} Holdings Firm Plc, Jaiz Bank Plc, and Wema Bank Plc all launched their unaudited This fall and full-year outcomes inside 30 calendar days of the December 31, 2025 year-end.
These filings place the banks squarely inside NGX’s interim reporting timeline and mirror simple compliance with the Change’s unaudited This fall disclosure possibility.
Stanbic IBTC Holdings Plc and Ecobank Transnational Integrated launched their This fall outcomes simply exterior of the 30-day submitting window.
Nevertheless, they make up the 7 banks which have thus far filed their unaudited outcomes.
A number of massive banks, nonetheless, seem to have deliberately chosen the 60-day audited submitting route, as indicated by formal notices to the Change referencing board conferences and regulatory approvals.
Fidelity Bank Plc additionally introduced a February 19 board assembly to overview audited {financial} statements.
The construction and timing of those notices strongly counsel a deliberate election of the audited-only route, quite than interim disclosure.
Below the NGX Guidelines for Submitting of Accounts and Therapy of Default Filings, issuers are permitted two mutually unique choices for fourth-quarter reporting:
Crucially, firms that select the 60-day possibility should not file unaudited This fall outcomes in any respect.
As soon as an unaudited This fall submitting is made, the issuer is deemed to have elected the 30-day route and is anticipated to conform absolutely with its timing necessities.
Because of this, This fall filings made after the 30-day deadline however earlier than audited accounts are prepared could expose issuers to default submitting classification, relying on NGX’s regulatory evaluation.
