‘Glocal,’ evidence-based trade policies for Nigeria in decade of 2020
Olukayode Oyeleye
January 6, 2020
NIGERIA has come of age. Turning 60 years post-independence, with 20 years of unbroken democratic rule, the country has come a long way. Rising from a population of 45 million in 1960 to a putative figure of 200 million in 2020, Nigeria is entering a phase in history in which its position in the global […]
Microfinance in Nigeria: An Outlook for the next decade
Adolphus Areban AbrahamJanuary 6, 2020
By Adolphus Areban Abraham As we enter a new decade, it is imperative for us to take a projective view of microfinance. Potential investors, whose interest this column seeks to focus should be able to decide if their investment will extinguish should they decide to enter the industry today or within the decade. They should […]
2020: Nigeria’s e-payment ecosystem poised for greater expansion
Luminous JannamikeJanuary 6, 2020
By Luminous Jannamike, Abuja The federal government has ordered power distribution companies, DisCos, to migrate to cashless settlement platforms with respect to the collection of electricity bills from residential, industrial and commercial customers. The order, issued by the Nigerian Electricity Regulatory Commission, NERC, in a document with reference ‘Order No/NERC/183/2019,’ stated that beginning from […]
Permissible Business for Microfinance Banks (Part 2)
Adolphus AbrahamDecember 30, 2019
By Adolphus Abraham This episode is the concluding part of the issue on permissible business that microfinance banks can engage in. A sound knowledge of the limits of the microfinance business for prospective investors is very important as any illusion is capable of eroding the proposed investment. The following are the additional permissible. On-Lending […]
Provisions, contingent liabilities and contingent assets
Irene Peter AtoloDecember 30, 2019
By Irene Peter Atolo, FCA, FCIIN The topic is arranged in the following headings to ease understanding. 1 Introduction 2. Definition 3. Recognition 4. Measurement 5. Presentation 6. Disclosure 1. INTRODUCTION IAS 37 was issued in 1998 by the International Accounting Standards Board superseding IAS 10: Contingencies and Events after balance sheet date; and as […]
Leveraging big data for grc success
Emmanuel Moore ABOLODecember 30, 2019
By EmmanuelMoore ABOLO,PhD The idea of data generating business value is not new. However, the effective use of data is becoming the foundation of competition. Business has always wanted to develop insights from information in order to make better, smarter, real-time, fact-based decisions. It is this demand for profundity of knowledge that has powered the […]
Assessing NDPR compliance
Michael IreneDecember 23, 2019
By Michael Irene, PhD, Twitter: @moshoke The assessment of the Nigerian Data Protection Regulation compliance scheme seems like a chore to most Nigerian companies. This article gives a practical scenario for assessing NDPR compliance. For this scenario, let’s call the business Broski Enterprises Ltd. The company is a Nigerian mid-sized enterprise that exports consumer […]
GRC Landscape in 2020: The unknown unknowns
Dr. Emmanuel Moore ABOLODecember 23, 2019
By Dr. Emmanuel Moore ABOLO 2020 is around the corner as 2019 nears the end of its compass. Many are excited while others are uncertain about what 2020 would deliver. This is more so with the GRC landscape. What do we know and what do we not know? Pliability will be tested in […]
Permissible business for microfinance banks (1)
Adolphus AbrahamDecember 23, 2019
By Adolphus Abraham Last week we commenced a series that focuses on the nature of business MfBs are allowed or not allowed to engage in. We already treated those businesses they should have no business with. Since the last episode was a little lengthy, we shall break the allowable business into 2 parts. The […]
IFRS 5 Non-Current Assets held for Sale and Discontinued Operations
Irene Peter AtoloDecember 23, 2019
By Irene Peter Atolo, FCA, FCIIN In our earlier discussion, I made mentioned of classification of assets which included Non-Current Assets or Current Assets and tangible or intangible assets. I specifically mentioned that a none-current asset cannot be realized primarily from sales as this is not the intended purpose of acquiring it. The main purpose of […]