30 results
- 16 Aug 2019
FRCN Revokes Requirement of Approval for Financial Transactions
Financial Reporting Council of Nigeria (FRCN) has, issued a public notice which revoked its Rule 4, requiring regulatory approval for events/transactions having financial reporting implications prior…
- 25 Mar 2024
NGX RegCo, FRCN Unveil Roadmap for SFRS Adoption
The NGX Regulation Ltd. (NGX RegCo), the regulating body of the Nigerian Exchange Group and Financial Reporting Council of Nigeria (FRCN), at the weekend, jointly launched the roadmap for the…
- 26 Mar 2025
FG Halts Controversial FRC Dues amid Industry Outcry
Federal government has temporarily suspended the controversial annual dues imposed on public interest enterprises by the Financial Reporting Council (FRC) after fierce opposition from businesses.…
- 29 Jun 2025
FG Halts FRC’s Turnover-Based Levy, Introduces N25m Cap
Federal government has halted the implementation of the controversial turnover-based annual dues imposed by the Financial Reporting Council (FRC) and has introduced a N25 million cap for Public…
- 29 Jan 2021
Carnegie Endowment Report Shows How Over £30M Illicit Financial Flows from Nigeria to UK Education Sector
The Carnegie Endowment for International Peace report, commissioned by the UK Government, spotlights risks of illicit financial flows to UK education sector On Thursday 28 January 2021, the Carnegie…
- 24 Feb 2014
FG Says Sanusi is to Face Trial If…
Sanusi Lamido Sanusi, sacked governor, Central Bank of Nigeria (CBN) may face prosecution if a criminal case is established against him, according President Goodluck Jonathan. Jonathan, who spoke…
- 17 Dec 2023
US Identifies Use of AI as Risk in Financial System
Financial Stability Oversight Council (FSOC), United States regulators have identified the use of artificial intelligence as vulnerability in the financial system for the first time, according to a…
- 25 Oct 2016
Nitel Creditors Petition FRCN, PACAC over Liquidator
Creditors have dragged the appointed liquidator for Nitel/Mtel, Otunba Olutola Senbore, before the Financial Reporting Council of Nigeria (FRCN) and the Presidential Advisory Committee Against…
- 19 Apr 2019
NCC, FRC to Enforce Corporate Governance Compliance in Telecom Sector
Nigerian Communications Commission (NCC) and the Financial Reporting Council of Nigeria (FRC) have agreed to enforce compliance by players in the Nigerian telecommunication sector to the national and…
- 13 Apr 2022
FRC Seeks Practical Steps to Boost Market Regulatory Environment
The Financial Reporting Council of Nigeria has said it is important for governance practitioners to take practical steps to boost relationships with regulators. This was disclosed in a presentation…
- 29 May 2019
FRC Supports Reps on Electronic Document Management System
The Financial Reporting Council (FRC) of Nigeria has partnered with the Public Accounts Committee (PAC) of the House of Representatives to digitize the Committee’s operation using a modern electronic…
- 9 Feb 2026
Lagos to Establish West Africa’s Premier International Financial Centre
TheCityUK, in partnership with the UK Government, Lagos State Government, Lagos International Financial Centre Council (LIFCC), and EnterpriseNGR, have unveiled a landmark report, “Establishing an…
- 29 Jan 2025
Telcos Wax Worriedly over Annual Due Review by FRC
Association of licensed Telecom Companies of Nigeria (ALTON), umbrella body of telecom operators in the country, has raised the alarm over the review of annual payment structure under the Financial…
- 11 Jun 2015
Global Economy Integration Drives Nigeria’s Enterprise Business Apps- Sage
A growing focus on promoting sound corporate governance and enforcing regulatory compliance from the Nigerian government, paired with growing foreign investor interest in the country, is driving…
- 20 Oct 2017
AfDB, OpenOil Launch Report on How African Governments Manage Extractive Resources.
African Development Bank (AfDB) and OpenOil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and mining…
- 21 Feb 2014
FG Says Deziani, Others Risk Jail Terms over Missing $20Bn
Deziani Allison-Madueke, minister of Petroleum Resources and other chief executives of parastatals in her ministry will be booted out and recommended for prosecution if she or any of her subordinates…
- 26 Jun 2015
Legislation Drives Demand for Sage’s Payroll Software –Nmonwu
Magnus Nmonwu is the regional director for Sage West Africa. He speaks to Peter Ugwu about the latest trends in the Nigerian business software market. What is Sage Day West Africa 2015? This is the…
- 19 Aug 2016
US Embassy Officials Aid Corruption in Nigeria- Report
A recent report by the Council on Foreign Relations says that despite the United States’ government efforts to combat illicit finance, poor governance, and violent extremism in Nigeria and the world…
- 23 Sept 2021
Regulators Slap 5 Banks with N1.4Bn Fine for Forex Infractions, Others
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria (CBN), Security and Exchange Commission (SEC) and Financial Reporting…
- 9 Nov 2015
We didn’t Approve Franchise Agreement for Stanbic IBTC – NOTAP
Dr Dan-Azumi Ibrahim, director general, National Office for Technology Acquisition and Promotion (NOTAP) said the agency didn’t grant any management or maintenance franchise agreement for Stanbic…
- 21 May 2014
Sanusi Remains Suspended as CBN Chief- Court
Mallam Sanusi Lamido Sanusi, suspended governor of Central Bank of Nigeria (CBN) yesterday, lost his bid to return to office as the Federal High Court sitting in Abuja declined to set aside his…
- 20 Feb 2014
Jonathan Sacks Sanusi, CBN Governor
President Goodluck Jonathan has suspended Malam Sanusi Lamido Sanusi, governor of Central Bank of Nigeria (CBN) and directed Sanusi to hand over to Dr. Sarah Alade, most senior deputy governor…
- 30 Sept 2019
CBN Orders Bank to Monitor Individuals, Firms under UN Sanctions
Central Bank of Nigeria (CBN), has called on banks and Other Financial Institutions (OFIs) to report suspicious transactions of entities or individuals in the global sanction lists of the United…
- 22 Jul 2025
NIA Questions Legality of Reps’ Financial Probe
The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance…
- 8 Jul 2022
Nami Rallies CITN, ICAN, ANAN on Tax Standardization
Mr. Muhammad Nami, the Executive Chairman of the Federal Inland Revenue Service (FIRS), is rallying the Chartered Institute of Taxation of Nigeria (CITN), the Institute of Chartered Accountants of…
- 1 Jun 2014
Emefiele, New CBN Gov. Resumes Tomorrow
Godwin Emefiele, newly-appointed Governor of Central Bank of Nigerian (CBN), will Tuesday take the mantle of leadership at the apex bank from Dr. Sarah Alade, acting-governor of the bank. Emefiele…
- 19 Dec 2018
Ecobank Denies Cooking Books to Look Healthy
Ecobank Transnational Incorporated (ETI) has refuted a media report claiming it tampered with its accounts in order to make shareholders feel the company was doing well. In a report by South…
- 8 Nov 2013
Ispon Seeks Establishment of National Software Board
Chris Uwaje, president, Institute of Software Practitioners of Nigeria (Ispon) has urged the federal government to urgently establish a National Software board to streamline software implementations…
- 24 Nov 2014
FG Unveils Top 100 Firms in Nigeria
Federal government on Monday unveiled the names of firms that made the top 100 companies in Nigeria for the 2014 fiscal period. The top 100 companies’ award, which is the first in the history of the…
- 3 Apr 2022
Firms Urged to Rev up Investment in Fraud Detection
The Association of Certified Fraud Examiners (ACFE) has advised organizations to invest more on measures that would guide on early fraud detection to mitigate loss on them. The association gave the…