Uncategorized

Bill to establish new accounting body passes second reading

By Oluwole Josiah, Abuja Friday, 26 Nov 2010 The Senate read for the second time on Thursday a bill seeking to establish the Institute of Certified Public Accountants of Nigeria, amid contentions on the propriety of having another certifying institution for accountants in Nigeria. The bill, which is being sponsored by […]

Publicly quoted companies must adopt IFRS by 2012 – NASB

By Ademola Alawiye Friday, 26 Nov 2010 As developed countries around the world begin to adopt the International Finance Reporting Standards fully, the Nigerian Accounting Standards Board has said that publicly quoted companies in Nigeria must adopt the standards by 2012. The Chief Executive Officer, NASB, Mr. Jim Obazee, disclosed this […]

FBN Heritage Fund records 21.4% rise in returns

By Gbenga Agbana Friday, 26 Nov 2010 FBN Heritage Fund has declared a profit of N955.8m for the financial year ended March 31, 2010, which represents a return of 21.4 per cent over what was recorded in 2009. The Fund closed the financial year with an offer and bid price of […]