The Nigerian Exchange Group (NGX) has launched the NGX Net-Zero Programme, a bold initiative created with Africa Foresight Group (AFG) and backed by DEG, a KfW subsidiary, marking a significant move to boost climate action in Nigeria’s capital market.
The programme was officially launched on 15 January 2026, highlighting NGX’s dedication to integrating sustainability and climate issues into market operations and corporate strategies. Created to support listed companies, the initiative aims to accelerate decarbonization efforts, enhance climate-related disclosures, and ensure that Nigerian companies comply with evolving global sustainability standards.
The launch featured a high-level NGX DEG CEO Roundtable, followed by a Closing Gong Ceremony, which brought together the chief executives of listed companies, development finance partners, and sustainability experts. Discussions at the roundtable focused on financing the transition to a low-carbon economy, strengthening corporate sustainability frameworks, and unlocking climate-aligned capital flows.
Speaking at the event, the Chairman of NGX, Umaru Kwairanga, noted that capital markets have a critical role to play in driving climate leadership across Africa, stressing that the Net-Zero Programme provides companies with a structured pathway to move from climate commitments to measurable action.
Group Chief Executive Officer of NGX, Temi Popoola, highlighted that sustainability has become a core business requirement rather than a peripheral consideration. He stated that companies that integrate climate action into governance and strategy are better positioned to attract capital, manage long term risks, and remain competitive in an increasingly sustainability focused global investment landscape.
Other industry leaders at the event included the Chief Executive Officer of NGX Limited, Jude Chiemeka, and the Chief Executive Officer of CSCS Limited, Shehu Yahya Shantali, who reaffirmed CSCS’s commitment to embedding sustainability across market infrastructure. Representatives of DEG, including outgoing CEO Ben Tilleman and Chief Investment Officer Monica Beck, also reiterated their support for Nigeria’s climate transition.
Through its collaboration with Africa Foresight Group and DEG, NGX estimates that the Net-Zero Programme could help mobilise up to three billion dollars in climate finance for Nigerian businesses.
The initiative is expected to enhance investor confidence and position Nigerian companies to compete more effectively for global capital amid rising environmental expectations.
Market reactions shared on social media platforms reflected strong engagement from stakeholders, with NGX and CSCS highlighting the programme’s focus on translating climate ambition into practical, bankable strategies.
The NGX Net-Zero Programme signals a growing alignment between Nigeria’s capital market and global climate objectives, reinforcing the role of listed companies in driving sustainable economic growth and long-term resilience.
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