30 results
- 14 Apr 2009
FirstBank Adopts International Financial Reporting Standards
First Bank of Nigeria Plc has adopted the International Financial Reporting Standards (IFRS) as certified by the International Accounting Standards Board to further strengthen its corporate…
- 15 Jun 2009
UBA Adopts IFRS, BASEL 2, Global Standards in Governance, Financial Reporting, Risk Management
The United Bank for Africa has announced further changes to its financial reporting, governance, risk and control architecture in line with its standard setting history and ongoing commitment to…
- 3 Jun 2024
Stanbic IBTC Insurance Receives NAICOM’s Approval for 2023 FS
In a significant stride towards international financial reporting standards, Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has emerged as the first insurance company in Nigeria to…
- 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…
- 4 May 2010
Ecobank Clinches Best Financial Reporting Company Award
Ecobank, the Pan African ban k scooped the Africa Investor Best Financial Reporting Company award in the Banking category at a ceremony held in London. The Africa Investor Financial Reporting Awards…
- 28 May 2012
4 Months after CBN’s Deadline, Banks March Lazily to IFRS
Nigeria banking industry has reported a sluggish progress in the adoption of International Financial Reporting Standards (IFRS), two years after the Central Bank of Nigeria (CBN), began moves to…
- 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 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…
- 21 Jun 2026
MTN Nigeria Commits to Ethical Conduct with IFRS S1, S2 Compliance
MTN Nigeria has raised the bar for corporate disclosure in Africa after publishing its 2025 sustainability report in full compliance with International Financial Reporting Standards S1 and S2. Dr.…
- 29 Nov 2021
NAICOM Insists on Implementation of IFRS 17 from Jan 2023
The National Insurance Commission (NAICOM) has said that it would not go back on the proposed implementation of International Financial Reporting Standard (IFRS17) in insurance industry on January 1,…
- 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…
- 1 Sept 2017
IFRS 15: The New Revenue Framework: What Corporates Need To Know
The financial reporting landscape will witness significant changes in 2018 as the two major standards on Revenue and Financial instruments (IFRS 15 Revenue from contracts with customers and IFRS 9…
- 19 Aug 2019
Banks Lose N1.1trn to IFRS 9 Rule on Bad Loans
The banking industry lost N1.1 trillion in total assets as a result of compliance with the requirements of the International Financial Reporting Standard (IFRS) 9 on recognition of bad loans. …
- 10 Jul 2024
MTN Nigeria Releases 2023 Sustainability Report, Reiterates Commitment to Shared Value
MTN Nigeria, leading ICT Company, announced the release of its 2023 Sustainability Report. The report showcases MTN Nigeria's unwavering dedication to sustainable development, emphasizing the…
- 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…
- 28 May 2026
MTN Nigeria Sets Benchmark for Sustainability Reporting in Africa
Global pressure on corporations to provide transparent climate and sustainability disclosures is reshaping reporting standards across capital markets. Anticipating that shift, MTN released its first…
- 3 Oct 2021
NGX Plans Amending Rules to Woo Tech Firms
The Nigerian Exchange Limited has hinted at possible restructuring of the rules guiding its listings to attract more initial public offerings from Nigeria’s tech companies in a bid to deepen the…
- 27 Jan 2016
FRC Commends NDIC on Audit Compliance
The Fiscal Responsibility Commission (FRC) has commended the Management of Nigeria Deposit Insurance Corporation (NDIC) for compliance with the submission of its audited financial statements of 2007-…
- 16 Mar 2020
TJI Says Nigeria Squanders $2.6Bn on Corporate Tax Incentives
Tax Justice Network (TJN), a nongovernmental organization has said that Nigeria squandered some $2.6 billion on corporate tax incentives in one year, making the country to suffer a downgrade to 34th…
- 12 Jul 2017
FinTrak Engages Mortgage Banks on Smooth Migration Using IFRS 9 Software
FinTrak, Indigenous financial software developer has reiterated on the need for Mortage banks and financial institution to prepare for migration to IFRS9 financial reporting tool which is to be…
- 22 Sept 2008
Ecobank Displays Public Offer at Uyo Roadshow
Mr. Offiong Amba, managing director, Ecobank Nigeria Plc, has described the bank’s $2.5billion public offer as the first multi-level structure that comes in three levels: the right issue, offer…
- 19 Jan 2024
Coronation Merchant Bank Strengthens Management Team with New Appointments
Coronation Merchant Bank Limited has announced the appointment of three key experienced professionals to its executive management team. A statement from the Bank explained that the new appointees are…
- 11 Mar 2015
ANAN Asks FG to Tackle Naira’s Fall
Association of National Accountants of Nigeria (ANAN) has asked the Federal Government, through the Central Bank of Nigeria (CBN), to take steps to stop the free fall of Naira in the exchange market.…
- 6 Jun 2014
Standard Chartered Contributes $10.7Bn to the Economy
Standard Chartered has officially launched a report titled “Banking on Africa - Standard Chartered’s Social and Economic Impact'' in which it highlighted a number of ways the bank could deepen its…
- 19 May 2024
Airtel Wins Big at Maiden ICAN-NGX Awards
Airtel Africa, telecommunications provider in Africa with its stock trading on the Nigerian Stock Exchange (NGX), emerged as a major winner at the inaugural edition of the ICAN-NGX Awards, carting…
- 2 Aug 2020
Banks Write-Off N1.9tTrillion Bad Debts in 4 Years- Report
Agusto & Co, a foremost rating institution in Nigeria, has disclosed that a minimum of N1.9 trillion impaired loans has been written off by commercial and merchant banks operating in Nigeria from…
- 4 May 2026
MTN Nigeria Remits N878.7Bn Taxes, Levies in 2025
MTN Nigeria Communications Plc has reported a total remittance of N878.7bn in taxes, levies, and duties for the 2025 financial year, representing a 15 per cent increase from the prior year and…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…
- 9 May 2019
MTN Nigeria Releases Results for Q1 2019, Gains 2.1m Subscribers
Nigeria MTN Nigeria Communications Plc (MTN Nigeria) on Thursday announced its unaudited results for the quarter ended March 31. Mr Ferdi Moolman, chief executive officer of MTN, said that in…
- 24 May 2016
VoguePay Wins e-Payment Platform Award For SME Development
VoguePay.com, leading e-payment platform that serves hundreds of thousands of small businesses in four continents has won the best emerging online payment platform in Africa at the African…