Browsing Tag

International Financial Reporting Standards 9

FRC Orders NIMASA To Withdraw, Restate 2018 Audited Accounts, Suspends Jamoh, Offodile

SOLA SOLOMON Dec 1, 2023

In a way that announces its readiness to reclaim its lost glory, the Financial Reporting Council of Nigeria (FRC) on Thursday bared its fangs, ordering the suspension, withdrawal and restatement of the 2018 financial statement of the…

Finance

Banks Strive To Escape CBN Sanctions As LDR Deadline Approaches

UMORU ABDULKADIR Aug 16, 2019

UMORU ABDULKADIR Banks in the country are in a race to beat the September 30 deadline given by Central Bank of Nigeria (CBN) to implement the 60 per cent minimum Loan to Deposit Ratio (LDR) policy. They are scrambling for credible…