FRC to adopt Islamic Finance reporting framework in Nigeria

FRC to adopt Islamic Finance reporting framework in Nigeria

By Elizabeth Adegbesan The Financial Reporting Council of Nigeria (FRC) has announced plans to formally integrate Islamic Finance Services into the country’s financial reporting framework by adopting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Executive Secretary/CEO of the FRC, Dr. Rabiu Olowo, disclosed this in Lagos during his […]
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Naira down to N1,465/$ in parallel market

Naira down to N1,465/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,465 per dollar in the parallel market from N1,456 per dollar last week Friday. However, the naira appreciated to N1,437.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell […]

Fumudoh a pillar of unity in Ijaw Nation, says Otele

Fumudoh a pillar of unity in Ijaw Nation, says Otele

The Technical Assistant to the governor of Bayelsa State on General Duties, Mr. Kelvin Otele, has decribed the Life President of the Ijaw Nation, Chief Joshua Fumudoh, as a visionary leader and pillar of unity in the Ijaw Nation, whose life and contributions continue to inspire generations.