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IFRS Training Commences in Lagos

  By Davidson Iriekpen, 08.05.2010   As deadline for the adoption of on International Financial Reporting Standards (IFRS) draws near, a training course has been scheduled for bankers and public quoted companies in order to get them acquainted with the system.   IASeminars -  a global provider of training courses […]

Naira Falls amid Dollar Supply Gap

    08.05.2010   The local currency, the naira depreciated across the official market segments yesterday as dollar supply fell short of the market demand. Traders said supply from the oil majors are drying up after the month-end sales and the market regulator, the Central Bank of Nigeria (CBN) shrinking […]

Banks Record N848bn Loss in 2009 – Report

  By Emele Onu, 08.05.2010 The banking sector made a loss-after-tax of N848 billion in 2009 with profitability ratios becoming meaningless, according to reports by Agusto & Co. The credit rating and research agency disclosed in its 2010 Banking Industry Report released in Lagos this week that “for the first […]