FRC Act Continues to Govern Financial Reporting, Says Reps   The House of Representatives has stated that the Financial Reporting Council Act, 2023 remains operational until amended by the National Assembly. The spokesman of the House, Akin Rotimi, made the declaration in a statement issued in Abuja...

EITI To Back NNPC In Financial Reporting       The Extractive Industries Transparency Initiatives (EITI) has promised to support the Nigerian National Petroleum Corporation in the aspect of the oil firm’s financial reports. EITI is a multi-stakeholder coalition that promotes extractives transparency and accountability in over 50 countries. The...

FRC Issues New Guidelines On Financial Reporting   The Financial Reporting Council of Nigeria has released guidelines on the impact of COVID-19 on financial reporting. The FRC said on its website on Thursday that this was the second set of guidelines to be released by the council...