Lagos begins valuation exercise for state-owned assets after EndSARS mayhem
Following the mayhem that trailed the protest in Lagos, authorities have begun a verification and valuation exercise for state-owned property.
FRC seeks improved adoption of IFRS, corporate governance
The Financial Reporting Council of Nigeria (FRC) has called for improved adoption of the International Financial Reporting Standards (IFRS) and National Code of Corporate Governance (NCCG 2018), which were issued in 2019, for financial institutions in the country.
FRC worried about disputed property, delayed development
The Financial Reporting Council of Nigeria (FRC) has called on the Federal Government to urgently intervene in the disputed landed property at Guzape, Federal Capital Territory (FCT)
AMCON sees risk management results below expectations
Effective risk management culture and practices have consistently dominated the strategic plans of the players in the nation’s finance sector but seem to be short-lived, as the overall results have been sub-optimal, the Asset Management Corporation of Nigeria (AMCON) has noted.
Process digitisation will help reduce cost-to-income ratio in banks, says Okonkwo
Nnamdi Okonkwo is the Managing Director/CEO, Fidelity Bank Plc, and he is passionate about leaving a legacy with the bank, if only of taking it to a Tier 1 position as a very strong player. In this interactive session with select journalists, he insists the numbers indicate that the bank is on track on making…
UBA grosses N494b, as profit after tax settles for N79b in 2018
United Bank for Africa Plc (UBA) has achieved N494 billion gross earnings in its 2018 operations, against to N461.6 billion recorded in the corresponding period in 2017. The bank’s Profit After Tax (PAT) also rose from N77.5 billion in 2017, to N78.6 billion during the year under review. These were contained in its…
CEAT woos investors, shareholders via improved returns
CEAT Fixed Income Fund has reiterated its commitment to helping its investors and stakeholders to boost the returns on their investment across the country. The Managing Director, CEAT, Babatunde Tinubu, said this during the second general meeting of CEAT, while presenting its IFRS reports and financial statements for the year ended 30 June, 2017 in…
Estate surveyors hold talks with AGF, demand reform in asset valuation
A surprise windfall, which could provide valuation jobs for estate surveyors, may be underway in the next few months, if the federal authorities adopt and implement a radical plan proposed...