The Nigerian Exchange Group (NGX Group) has launched corporate climate baseline assessments under its N-Zero initiative. This phase aims to evaluate the climate readiness of participating firms, identifying gaps in emissions measurement, transition planning, and risk management. Launched in January alongside DEG Impulse gGmbH and Africa Foresight Group, the program has already engaged over 50 companies, including several major listed entities like Access Holdings, Dangote Cement, and Zenith Bank. The assessments, scheduled for completion this September, are designed to help firms move beyond climate ambition toward measurable, science-aligned decarbonization targets and long-term capital access.

Nigerian equities rallied during Friday’s trading session, driven by investor optimism following FTSE Russell’s confirmation of thirty-one Nigerian stocks for its Frontier Index Series. This follows Nigeria’s official reclassification to Frontier Market status, effective September 21, 2026. Market analysts expect the transition to improve global visibility, liquidity, and foreign portfolio inflows, particularly for large-cap stocks that meet the index criteria. The NGX All Share Index rose to 247,016 points, with banking sector gains leading the market activity.

Nigeria’s listed airport ground handlers, SAHCO and NAHCO, are facing profitability headwinds despite significant revenue growth over the past five years. While combined revenue reached N58.36 billion in 2026, rising operational costs, particularly the cost of sales, have squeezed margins. SAHCO reported a sharp decline in profit after tax—dropping by more than half—as its cost of sales surged 63%. In contrast, NAHCO demonstrated better operational efficiency, growing its profit after tax by 22.2% to N10.85 billion. Industry challenges remain, with high trade receivables and heavy capital investment straining cash flow across both firms.

Skyway Aviation Handling Company Plc (SAHCO) has reported a 41.49% decline in pre-tax profit to N5.83 billion for the first half of 2026, down from N9.96 billion in the same period last year. Despite a 9.25% revenue growth to N23.01 billion, the company’s margins were squeezed by a 63.07% surge in direct costs, particularly from equipment repairs, running costs, and labor expenses. Consequently, profit after tax dropped by 52.73% to N3.85 billion. While the firm remains lightly leveraged, its current ratio weakened to 1.76 times, reflecting increased administrative expenses and rising short-term debt obligations.

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the regulator will maintain heightened supervision of the banking sector despite the successful conclusion of the recent recapitalisation exercise.

Speaking at the BusinessDay 14th Annual CEO Forum, Cardoso noted that while the industry raised between N4 trillion and N5 trillion in fresh capital to build resilience against economic shocks, continuous oversight remains essential. He emphasized that the stronger capital base is intended to support eventual increased lending to the private sector once inflation and interest rates moderate. Cardoso also warned banks against indiscriminate lending, urging them to prioritize sophisticated risk management and proper analysis, especially when navigating complex sectors like oil and gas. The CBN plans to collaborate with financial institutions to enhance their internal risk assessment capabilities.