Rabiu Olowo
23 Jan
The Financial Reporting Council of Nigeria (FRC), yesterday, said the International Accounting Standard (IAS) 29, which borders on reporting in hyperinflationary economies, does not apply to Nigeria and should not be used in preparing the 2024 financial statements.
20 Dec
The United Nations Conference on Trade and Development (UNCTAD) in partnership with the International Standards of Accounting and Reporting (ISAR) and Financial Reporting Council (FRC) has equipped small and medium-sized enterprises
6 Nov
The Executive Secretary and Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN), Dr. Rabiu Olowo, has been elected as Chair of the United Nations Conference on Trade and Development’s (UNCTAD) Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) 41st session. As the Chair of UNCTAD ISAR, Olowo…
16 Sep
The Financial Reporting Council of Nigeria (FRCN) has emphasised the need for Nigeria to realign its financial strategies with sustainability principles to meet the Sustainable Development Goals (SDGs) by 2030.
9 Sep
The Financial Reporting Council of Nigeria (FRCN) said the finalised Nigeria Not-for-Profit Sector Governance Code (NNFPGC) would be released later this year to promote best practices in financial management while mitigating fraud and misuse of funds in the sector.
8 May 2024
The Institute of Chartered Accountants of Nigeria (ICAN) has honoured the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), Dr Rabiu Olowo, with its 2024 ‘Top Chartered Accountant Under 40’ award.
27 Mar 2024
The Executive Secretary of the Financial Reporting Council of Nigeria (FRCN), Rabiu Olowo, has expressed optimism that the adoption of sustainability financial reporting standards would unlock capital flow
28 Feb 2024
The Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), Dr Rabiu Olowo, said the Accounting Development Tool (ADT) project would help align the country with the global baseline for accounting practices.
Latest
3 mins ago
The Independent National Electoral Commission (INEC), on Wednesday, commenced its defence before the Edo State Governorship Election Petition Tribunal sitting in Abuja by tendering three documents in evidence. Dr Asue Ighodalo and the Peoples Democratic Party (PDP) are challenging the victory of Governor Monday Okpebholo of the All Progressives Congress (APC) in the September 2024…
14 mins ago
The Kebbi Commissioner for Information and Culture, Alhaji Yakubu Ahmed-BK, says Gov. Nasir Idris’ frequent trips, both national and international, are meant to yield tangible benefits for the state. Ahmed-BK stated this in Birnin Kebbi on Wednesday while briefing newsmen, following the widespread criticism of Gov. Idris’ trips out of the state. “A significant error…
17 mins ago
There are ongoing renewed efforts to remove Nigeria from the European Union’s (EU) high-risk list for money laundering and terrorism financing, with key stakeholders intensifying lobbying to clean up the country’s image. The Rule of Law and Anti-Corruption Programme of the International Institute for Democracy and Electoral Assistance (International IDEA), in collaboration with the EU…
32 mins ago
British rapper, Joseph Adenuga aka Skepta has reacted after controversial Nigerian singer, Portable, publicly called out another former collaborator. Portable took a swipe at popular rapper and music executive Olamide on Tuesday, mocking him over his alleged fallout with his former signee, Asake. The singer claimed that Olamide only featured on the remix of his…
36 mins ago
Gene 'Daddy G' Barge, the legendary saxophonist, songwriter, and producer who shaped decades of rhythm and blues, has died at 98. His daughter, Gina, confirmed that he passed away in his sleep on Sunday, February 2, 2025, at his Chicago home. Working straight away as a performer from the 1940s, he played in college jazz…
38 mins ago
Italian police on Wednesday arrested a Georgian man suspected of starting a fire at Rome's Ciampino international airport, causing flights to be suspended, an airport authority spokesman said. The fire broke out at the base of the control tower at the airport southeast of the capital, which mostly serves low-cost airline Ryanair. It was quickly…
38 mins ago
The Federal Government has reaffirmed its commitment to tackling malnutrition through an investment of N1.2 billion in domestic resources to the Child Nutrition Fund (CNF), a key initiative aimed at improving maternal and child health in Nigeria. The Coordinating Minister for Health and Social Welfare, Dr. Muhammad Pate, disclosed this in a statement on his…
44 mins ago
Yandadi, a community in Kusada Local Government Area (LGA) of Katsina State, is celebrating its connection to the national grid after more than 50 years of living without electricity. Speaking on the issue with newsmen, the Executive Chairman of the area, Rabiu Kusada, said the community, home to thousands of people, had not been fortunate…
50 mins ago
The Presidency has announced that President Bola Tinubu will depart Abuja on Wednesday for Paris, France, on a private visit en route to Addis Ababa, the Ethiopian capital. The presidential spokesperson, Bayo Onanuga, disclosed this in a statement on Wednesday. Onanuga said, "Tinubu will join African leaders at the 46th Ordinary Session of the Executive…
55 mins ago
The Premier League has acknowledged 13 VAR errors in the first 23 match rounds of the current season, marking a reduction from the 20 mistakes made during the same period last season. These errors include four incorrect VAR interventions and nine missed interventions, as identified by the Key Match Incidents panel. In response, the league…