Nigeria’s listed banks have begun releasing their fourth-quarter earnings, with early filers choosing the Nigerian Trade’s (NGX) 30-day interim unaudited submitting window, whereas a bigger group seems to be positioning for the 60-day audited accounts possibility permitted below NGX guidelines.
Up to now, FCMB Group Plc, First HoldCo Plc, Sterling Monetary Holdings Firm Plc, Jaiz Bank Plc, and Wema Bank Plc have revealed their This fall unaudited monetary outcomes throughout the NGX-mandated 30 calendar days after the top of the 2025 monetary 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 observe inside the usual timeline.
What the submitting information is saying
As on the finish of January, FCMB Group Plc, First HoldCo Plc, Sterling Monetary 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.
- FCMB Group – January 29
- Wema Bank – January 29
- First HoldCo – January 30
- Sterling Monetary Holdings – January 30
- Jaiz Bank – January 30
These filings place the banks squarely inside NGX’s interim reporting timeline and mirror easy compliance with the Trade’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.
- Stanbic IBTC filed on February 3
- Ecobank Transnational filed on February 6
Nonetheless, they make up the 7 banks which have to date filed their unaudited outcomes.
Tier-1 banks place for the 60-day audited possibility
A number of giant banks, nonetheless, seem to have deliberately chosen the 60-day audited submitting route, as indicated by formal notices to the Trade referencing board conferences and regulatory approvals.
- Guaranty Trust Holding Company Plc had earlier introduced, on December 8, that its board would meet on January 27 to contemplate audited accounts, with submitting contingent on regulatory approval.
- Zenith Bank Plc said that it could file its full-year audited accounts after acquiring approval from the Central Bank of Nigeria (CBN).
- Entry Holdings Plc disclosed that its board is scheduled to fulfill on February 20 to contemplate the audited accounts.
- United Bank for Africa Plc indicated in a January 2 submitting that its board would meet on February 19, with the audited outcomes to observe topic to CBN approval.
Fidelity Bank Plc additionally introduced a February 19 board assembly to assessment audited monetary statements.
The construction and timing of those notices strongly counsel a deliberate election of the audited-only route, quite than interim disclosure.
What you must know
Underneath the NGX Guidelines for Submitting of Accounts and Therapy of Default Filings, issuers are permitted two mutually unique choices for fourth-quarter reporting:
- 30-day possibility (interim route): Listed firms could file unaudited This fall and full-year outcomes inside 30 calendar days after year-end, offered that audited monetary statements are subsequently filed throughout the prescribed interval.
- 60-day possibility (audited-only route): Alternatively, issuers could skip unaudited This fall filings totally and submit audited full-year monetary statements inside 60 calendar days of year-end, topic to board approval and related regulatory clearances.
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.
Consequently, 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.
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