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FRC: Proposed Valuation Regulations Will Improve Financial Sector

According to Dr Rabiu Olowo, the Executive Secretary/Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), has noted that the proposed valuation regulations will strengthen the financial landscape in the country.

‘Why Nigeria May Lose $20bn In Cocoa Exports In Three Years’

'Why Nigeria May Lose $20bn In Cocoa Exports In Three Years'   Executive Secretary/Chief Executive, Financial Reporting Council (FRC) of Nigeria, Dr. Rabiu Olowu has warned that Nigeria is on the brink of losing over 20 billion dollars in cocoa exports within the next three years...

Senate Queries Financial Council Over N258m Extra-budgetary Expenditure

Senate Queries Financial Council Over N258m Extra-budgetary Expenditure       The Senate has commenced a probe into an alleged spending of N258m by the Financial Reporting Council on Nigeria as personnel cost in its 2017 budget without the approval of the National Assembly. The Senate Public Accounts Committee...

FRC To Ensure Compliance With IFRS 17 In 2023

FRC To Ensure Compliance With IFRS 17 In 2023       The Financial Reporting Council has said it is getting its constituents ready for IFRS 17 which will be effective for annual periods beginning on or after January 1, 2023. A statement on Tuesday titled, ‘Stakeholders interactive forum...

FRC, SEC Synergize On Online Account Reporting Platform

The Financial Reporting Council of Nigeria (FRC) wants a synergy with the Security and Exchange Commission (SEC) to establish a National Online Account Reporting Platform. The FRC Managing Director, Mr Jim Obazee, made this known in Abuja at a meeting with the management of SEC...