FRC extends NCCG 2018 report submission by one month

The Financial Reporting Council of Nigeria (FRC) on Wednesday extended the deadline for Nigerian Code of Corporate Governance (NCCG) 2018 compliance reporting for entities with year-end December 31, 2021, by one month to April 30, 2022.

FRC is a federal government agency established by the Financial Reporting Council of Nigeria Act, No. 6, 2011. It is a federal government Parastatal under the supervision of the Federal Ministry of Industry, Trade and Investment.

The Council on Wednesday informed all public companies and the general public that submission of NCCG 2018 reports will henceforth be done virtually via the Council’s Online Web Portal, which goes live April 1, 2022.

This also concerns their holding companies, concessioned/privatised companies, regulated private companies as defined in the Regulation to NCCG 2018, and the general public.

The Web Portal is developed to further enhance Ease of Doing Business, reduction of cost, time, and effort taken to comply with NCCG 2018, and serve as a repository for investors, researchers, and other stakeholders to gather and generate corporate governance information on Nigerian entities in both the private and public sectors.

Related News

Consequently, the Council has issued the following Guidance to assist to onboard the Portal for a seamless user experience: the Go-live Date for the Portal is April 1, 2022.

With effect from this date, the NCCG 2018 Compliance Reporting Web Portal can be accessed at the Council website: www.financialreportingcouncil.gov.ng

With effect from this date, the Council will neither accept physical hard copies nor emails for the NCCG 2018 Compliance Report.

The deadline for NCCG 2018 Compliance Reporting for entities with year-end December 31, 2021, is extended by 1 month to April 30, 2022, deadline for reporting on Compliance with NCCG 2018 remains three months after year end of the Company.

The council said a webinar to sensitize stakeholders will be held on March 17, 2022, calling on intending participants to register for the webinar through the following link: https://bit.ly/frcnccg.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.