avarni

Climate Reporting Compliance for Nigerian Enterprises

Prepare for SEC Nigeria sustainability disclosure requirements

Designed to pass audit every time
Built for finance & HSE professionals
Australia-based, CSIRO-backed

15+

Markets

1,000+

Integrations

CSIRO

Backed AI

$473B+

Data Analysed

Regulatory requirements

SEC Nigeria Sustainability Disclosure Guidelines

Nigeria's Securities and Exchange Commission has issued Sustainability Disclosure Guidelines requiring listed companies and other capital market participants to make sustainability disclosures, with climate reporting aligned to ISSB standards. Nigeria is positioning itself as a leader in African sustainability reporting, with mandatory requirements expected from 2028.

Who must report

All public companies registered with the SEC Nigeria, listed entities on the Nigerian Exchange Group (NGX), and other registered capital market operators. Comply-or-explain basis through 2027, with mandatory compliance expected from financial years beginning on or after 1 January 2028.

Penalties

SEC Nigeria enforcement actions including administrative penalties, suspension of registration, and prohibition orders. Specific penalty framework for sustainability disclosures to be finalised alongside mandatory requirements.

Frameworks

ISSBSEC Nigeria

Key compliance deadlines

2022

Sustainability guidelines issued

SEC Nigeria issued the first Sustainability Disclosure Guidelines for capital market participants, establishing a comply-or-explain framework.

2024

ISSB alignment announced

SEC Nigeria announced plans to align sustainability disclosure requirements with ISSB standards, joining the African ISSB adoption initiative.

2025-2027

Capacity building period

Ongoing capacity building, pilot reporting, and development of sector-specific guidance to prepare the market for mandatory disclosures.

January 2028

Mandatory reporting expected

All in-scope entities expected to begin mandatory sustainability disclosures aligned with ISSB standards.

How Avarni helps you comply

Enterprise-grade carbon accounting software designed for complex organisations and strict regulatory requirements.

Scope 1, 2 & 3 Emissions

Comprehensive emissions calculation across your entire value chain, with AI-driven factor selection.

Framework Reporting

Generate reports aligned to TCFD, ISSB, CSRD, ESRS, and local regulatory frameworks.

Audit-Ready Outputs

Produce assurance-grade reports that satisfy auditor requirements and regulatory scrutiny.

1,000+ Integrations

Connect with your existing ERP, accounting, and procurement systems including Oracle, SAP, and Workday.

AI-Powered Analysis

CSIRO-backed AI engine automatically categorises and calculates emissions from complex datasets.

Real-Time Dashboard

Track your progress with live emissions data, compliance status, and supplier mapping.

Our Nigeria presence

Office Address

3rd Floor, Mulliner Towers, 39 Alfred Rewane Road, Ikoyi, Lagos

Phone

+234 1 461 8200

Our Nigeria Team

Our Nigeria team is helping pioneer sustainability reporting across Africa, working with listed companies and capital market participants to build disclosure capabilities ahead of mandatory requirements.

Getting ahead of the mandatory deadline has given us a real competitive advantage with international investors. Avarni made it possible to produce credible climate disclosures even when local guidance was still developing.

Oluwaseun Adeyemi

Head of Corporate Affairs & ESG, Atlantic Energy Holdings Plc

Get compliant before January 2028

Don't wait until the last minute. Start your Nigeria compliance journey today.

Or call us to speak with a Nigeria compliance specialist