Finance
NAICOM insists financial statements must be IFRS-compliant in 2012
Mr Nicholas Opara, Acting Director, Supervision, National Insurance Commission (NAICOM), says the commission will insist that all financial statements in the country must comply with the International Financial Reporting Standard (IFRS) with effect from 2012. Opara said on Friday in Ijebu-Ode, Ogun that the government approved 2012 as effective date for the compliant period and that NAICOM was obliged to achieve it.
According to him, the Commission is doing all it can to ensure that the insurance industry transit effortlessly to IFRS in 2012.
-
News1 day agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Agriculture1 day agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Maritime1 day agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy1 day agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance1 day agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business1 day agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Oil and Gas1 day agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
Economy4 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others