The Financial Reporting Council of Nigeria has emphasised the need for at least 2,000 actuaries to support the country’s financial sector growth. The PUNCH Online reports that currently, Nigeria has only 28 qualified actuaries, which is grossly inadequate for a nation of its size. The Executive Secretary/Chief Executive Officer of FRC, Dr Rabiu Olowo, stated this on Wednesday at a …

The Financial Reporting Council of Nigeria (FRC) has reiterated its unwavering commitment to strengthening audit oversight and eradicating audit failures within the nation’s financial reporting landscape. This resolve was articulated by the Executive Secretary and Chief Executive Officer of the FRC, Rabiu Olowo, during the Leadership Summit for Auditors and Other Assurance Providers held in Lagos recently. Central to the …

The Nigerian Maritime Administration and Safety Agency (NIMASA) has been sanctioned by the Financial Reporting Council of Nigeria (FRC) for violating government’s rules in financial reporting. The council has not only asked the maritime regulatory agency to pay an infringement fine of N500 million, it’s Director General, Dr Bashir Jamoh has been suspended from certifying any financial records in Nigeria. …