June 21, 2010 By Omoh Gabriel Business Editor The new requirement by financial regulators across the globe as a result of the impact of the global financial crisis on economies is generating heated debate and controversies. Specifically the requirement that bank loans be measured on the balance sheet at fair […]
Author: InvestAdvocate
Spring Bank post 136.25% loss in 2009 FYE, no dividend
By investadvocate June 21, 2010- 12:20 GMT  Spring Bank Plc (Springbank) has posted a loss of 136.25 percent (136.25%) in its 2009 Financial Year End (FYE) released on the Floor of the Nigerian Stock Exchange (NSE) in Lagos Nigeria. The bank made the loss when its Profit/Loss after […]
NAICOM discovers fraud in insurers’ annual reports
June 21, 2010  National Insurance Commission (NAICOM) has discovered accounting fraud in insurance annual reports. The commission has found out that most insurance companies failed to disclose their gross premium earned, reinsurance premium incurred, gross claims incurred and gross claims outstanding.  The regulatory body has also discovered […]
