December 25, 2025
Headlines

Financial Reporting Council Charges

Oduwole: Financial Reporting Levy Working Group Underway to Resolve Issues

Franklin Ocheneyi01 mins

A technical working group comprising the Financial Reporting Council and the Organised Private Sector, is being set up to address the concerns raised by Manufacturers Association of Nigeria (MAN), and the Nigeria Employers’ Consultative Association (NECA) on the 10 percent monthly default penalty imposed on non-listed companies by the Council. The Minister of Industry, Trade…

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MAN Tasks Financial Reporting Council on Annual Fees for Private Companies 

Franklin Ocheneyi02 mins

The Manufacturers Association of Nigeria (MAN) has called on the Financial Reporting Council of Nigeria (FRCN) to reconsider the implementation of annual turnover fees for private companies. Segun Ajayi-Kadir, the Director-General of MAN, highlighted the potential negative impact these fees could have on manufacturing firms, particularly those that are classified as non-listed entities, and urged…

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