Accountants tasked on nation building as ICAN honours fellows
The Institute of Chartered Accountants of Nigeria (ICAN) has charged members to be unrelenting in ensuring corporate governance practices across the three tiers of the Nigerian...
IMF worried about Nigeria’s ability to service external loans
The International Monetary Fund (IMF) has expressed concern over Nigeria’s ability to service its external loans estimated at over $18.9billion, given its mono-product economy status and low revenue base.
Coronation Merchant’s assets hit N137 billion with zero NPL
Coronation Merchant Bank Group has recorded a significant growth in its 2017 operations, as total assets increased by 28 per cent to N136.7 billion from N106.6 billion achieved in the corresponding period of 2016.
FIRS, JTB, SMEDAN take tax awareness to SMEs
The Federal Inland Revenue Service (FIRS), Joint Tax Board (JTB) and the Small and Medium Enterprises Development Agency (SMEDAN) have sensitised Business Membership Organisations (BMOs) on tax payment and their rights as taxpayers, in a move aimed at stimulating the economy.
Access Bank’s SME loan portfolio hits N60 billion
Access Bank Plc may have empowered the Small and Medium scale Enterprises (SMEs) in the country as its loan portfolio reaches N60 billion mark.Besides, the bank disclosed that it currently has about 250,000 SMEs’ accounts, which it hoped to double in a short while.
Experts task audit committee on banks’ reports, others
To achieve robust financial reporting and safeguard assets of banks, financial experts have stressed the need for audit committee members to focus more on issues around internal controls, reporting, disclosures and information technology in the discharge of duties in their respective institutions.
ACCA chief woos army finance team to partnership
The Association of Chartered Certified Accountants (ACCA) has commended the Nigeria Army Finance Corps team for support to some students of the accounting body, who also are members of the force.
Banks’ stocks lift NSE’s turnover by N30b
Heavy transactions in the shares of some banks, especially FCMB and United Bank for Africa (UBA), last week, lifted the volume of shares traded, as a turnover of 3.008 billion shares worth N30.296 billion was recorded in 24,036 deals by investors on the floor of the Nigeria Stock Exchange (NSE).
‘Research has shown that credit penetration is still very low in Nigeria’
Having access to credit no doubt will have positive impact on the social economic development of any country particularly its GDP. With recession out of the way and ease of doing business in Nigeria getting a global...
The desperate journey of the naira
It is a noteworthy development that Nigerian workers are contemplating the necessity of asking for a salary review. The minimum wage remains N18,000.00 per month, which may not be enough to feed a senator’s dog for the same period. It is true that Senator Shehu Sani some weeks past has revealed to us the best…