Nigeria has fixed September 2027 as the deadline for full implementation of the International Financial Reporting Standards (IFRS) 9, which mandates market-to-market valuation of all assets.

SEC Director-General, Dr Emomotimi Agama, said the transition framework followed consultations with market participants. Institutions are to submit implementation plans by October 2025 to allow the Commission assess their readiness.

He explained that while equity funds already operate under fair value reporting, the reform targets fixed income funds to align with international best practices and global standards.

Agama assured that the move would not destabilise investors but strengthen transparency, comparability, and investor confidence in Nigeria’s financial market.

He added that the SEC is also leading in the adoption of the International Sustainability Standards Board (ISSB) framework, aimed at promoting climate and sustainability disclosures.

Agama expressed optimism that President Bola Ahmed Tinubu’s ongoing economic reforms and new legal frameworks, including the NIIRA 2025 and ISA 2025, will drive market stability and growth, positioning Nigeria’s capital market for global competitiveness.