Blog Archives

Financial Reporting Council of Nigeria releases draft National Code of Corporate Governance

The Financial Reporting Council of Nigeria has released the National Code of Corporate Governance for comments from stakeholders with effect from 15th April, 2015. Comments, which are expected to be in writing, are to be addressed to the Executive Secretay/Chief

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Harnessing Disruption for Sustainability

This year, which has been dubbed “the year of sustainable development,” provides an ideal opportunity in this regard. At high-level meetings in Sendai, Japan, in March and in Addis Ababa, Ethiopia, in July, world leaders will pursue closer collaboration on

Posted in Business

Kindle Book on Independent Directors now available for free download at Amazon

In a recent article, it was indicated that plans are being concluded to make the Kindle book titled, Independent Directors: 111 Frequently Asked Questions Aptly Answered, available for FREE download at the Amazon website. This arrangement has been concluded and

Posted in Business, Corporate Governance, Law

Frequently Asked Questions on Independent Directors

In modern times, independent directors seem to hold all the aces as far as the institutionalisation of the tenets of good corporate governance in companies is concerned. The increasing prominence given to independent directors in contemporary corporate governance codes bears

Posted in Business, Corporate Governance

2013 IoD Nigeria Convention and Exhibition

The Institute of Directors Nigeria, a full-fledged affiliate of the IoD UK, invites your participation at the forthcoming 2013 Convention and Exhibition which is scheduled to hold at Eko Hotels and Suites, Victoria Island, Lagos on Thursday May 16, 2013

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Benefits of Lawyer-Directors on the Boards of Companies

Undoubtedly, board composition is a crucial element of firm value. This understanding underscores the importance of recent studies regarding board composition and the performance of companies. Recently, we drew attention to research findings on the impact of academics in boardrooms

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Impact of Professors in the Boardroom: Why I have to be a professor!

A recent paper which seemingly is the first to focus entirely on the impact of academic directors on corporate governance and firm performance has come up with very interesting results. The paper titled “Professors in the Boardroom and their Impact

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The Nigerian Stock Exchange extends filing date for listed companies

The Nigerian Stock Exchange (NSE) confirmed on Thursday, March 28, 2013 that it will grant all listed entities on the NSE an extension of time of 30 days from the due date of the required financial submissions for fiscal 2012

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The Nigerian Stock Exchange introduces Issuers’ Portal

The Nigerian Stock Exchange (NSE) on Tuesday, March 26, 2013, introduced into the Nigerian capital market the first ever Issuers’ Portal known as the X-Issuer. The X-Issuer is a secure online portal through which issuers will submit financial and other

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CBN cancels N100 monthly ATM maintenance fee

With effect from April 1, 2013, there would be a new fee structure regarding automated teller machine (ATM) transactions in Nigeria. In the Revised Guide to Bank Charges issued by the Central Bank of Nigeria (CBN) this week [see here]

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COT will be phased-out soon.

All things being equal, Commission on Transaction (COT) will be phased-out in Nigeria by 2016. In the Revised Guide to Bank Charges issued by the Central Bank of Nigeria (CBN) this week [see here] and which will become effective on

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Cashing of 3rd party cheques above N150,000 to stop nationwide on June 1

In furtherance of its cashless policy, the Central Bank of Nigeria (CBN) has, through a recently issued circular to all deposit money banks, [see here] directed all deposit money banks operating in Nigeria to “ensure the implementation of N150,000.00 limit

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