The Financial Reporting Council of Nigeria (FRC) on Wednesday pointed out that Nigeria was not yet a hyperinflation economy. A statement signed by its Executive Secretary/Chief Executive Officer, Dr.
The Financial Reporting Council of Nigeria (FRC), yesterday, said the International Accounting Standard (IAS) 29, which borders on reporting in hyperinflationary economies, does not apply to Nigeria ...
Goods and services are quoted in Naira as well. This is evident from a review of the major e-commerce platforms and shopping malls in Nigeria such as Jumia, Slot, Konga, Jiji etc. The prices of ...