KPMG Professional Services has advised shareholders, especially members of audit committees of companies, to monitor the activities of companies in their purview closely. According to the company, this is in line with the expected adoption of the International Financial Reporting Standards by quoted companies as from the 2012 accounting year. […]

After months of controversy generated by the introduction of the non-interest banking in the country, also known as Islamic banking, Jaiz Bank Plc quietly opened its doors for business on Friday, January 6, 2011 in Abuja , the Federal Capital Territory (FCT).  The bank, which has its head office in […]

The Nigerian naira strengthened to a 5-week high against the U.S dollar on the interbank market on Wednesday, supported by increased dollar supply from oil companies.  The naira closed at 159.50 to the dollar, its strongest against the greenback since Jan. 4, and compared with 160.30 at Tuesday’s closed.  Traders […]