FRC: Nigeria Not Yet Hyperinflationary Economy

ShareThe Financial Reporting Council of Nigeria (FRC), on Wednesday, said that the country was not yet a hyperinflationary economy. Consequently, the Council, in a press statement signed by its Executive Secretary/Chief Executive Officer, Dr. Rabiu Olowo, pointed out that the International Accounting Standard (IAS) 29, which borders on Financial Reporting in Hyperinflationary Economies, should not...The post FRC: Nigeria Not Yet Hyperinflationary Economy appeared first on New Telegraph.

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