Author: InvestAdvocate

Stocks, commodities fall on debt concern

By Agency reporter Tuesday, 23 Nov 2010 Stocks fell, halting a three-day advance for the Standard & Poor‘s 500 Index, and commodities retreated after Ireland‘s financial bail-out failed to assuage concern that Europe‘s debt crisis may spread. Bloomberg reported on Monday that Ireland‘s 10-year bond pared most of its earlier gain. […]

‘Banks should employ technology to tackle cheque cloning’

By Ademola Alawiye Tuesday, 23 Nov 2010 Given the high level of cheque cloning and forgery in the financial services sector, banks and other institutions have been urged to employ sophisticated technology to battle the endemic problem. According to a statement by Panabiz International Limited on Monday, a provider of office […]

IFRS: ICAN urges FG to amend relevant legislation

By Stanley Opara Tuesday, 23 Nov 2010 The Institute of Chartered Accountants of Nigeria has urged government to expeditiously amend relevant legislation to create an enabling environment for the adoption of the International Financial Reporting Standards. The accounting body also identified corruption and sharp practice as the bane of Nigeria‘s development […]