Introspection on data protection (2)
Michael Irene
November 18, 2019
By Michael Irene Twitter: @moshoke Having got a historical glimpse of data protection regulations and its motivations, can one conclude that companies like MTN, Infinix, just to mention those two, who collect and process personal data about Nigerians violate human rights? The simple and short answer is yes. Read Infinix’s privacy policy and you […]
Will Central Bank of Nigeria cut interest rates in November?
Lukman OtunugaNovember 18, 2019
By Lukman Otunuga Nigeria inflation report under the spotlight Dollar supported by lingering risk-off mood Gold extends rebound on weak China data Rising inflationary pressures are certainly weakening the case for the Central Bank of Nigeria to cut interest rates from 13.5% anytime soon. Investor expectations over a November rate cut have […]
New technology: Threat or opportunities
Irene Peter AtoloNovember 18, 2019
By Irene Peter Atolo “Good morning sir. I really want to appreciate you for your kind support. I am so grateful sir. “I have not really had time to discuss my induction ceremony with you sir. It was a great experience but there were a lot of frightening threats. The accounting profession has been overtaken […]
Practical consideration in GRC implementation (2)
Dr. Emmanuel MooreNovember 18, 2019
By Dr. Emmanuel Moore ABOLO Implementation of new initiatives in GRC may be an arduous task for many organisations. With multiple views and aspects of GRC, it can be difficult to know where to begin. From my experience working on several GRC projects, these are the key process steps to a successful GRC implementation: […]
Introspection on data protection (1)
Michael IreneNovember 12, 2019
By Michael Irene, PhD In contemporary business, the collection, use, and possession of personal data remain vital. Without it, businesses would struggle to serve customers and carry out the necessary market analysis. Yet, most approaches to collecting and storing personal data borders on intrusion and trampling on human rights. In this three-part article, I […]
The Statement of Profit or Loss
Irene Peter AtoloNovember 12, 2019
By Irene Peter Atolo My shareholder-activist friend always asks anyone he sees at the venue of an Annual General Meeting (AGM), where he owns equity interest: Se aje ere? (Did we make a profit?) If the answer is in the affirmative, my friend would dance and if it is negative his mien told a […]
US Stocks hit new record high as Fed shifts to assessing ‘the appropriate path
Hussein SayedNovember 6, 2019
By Hussein Sayed, Chief Market Strategist, FXTM After cutting interest rates for a third time on Wednesday, the Federal Reserve Chair Powell said he believes “monetary policy is in a good place”. The initial reaction to the policy statement was negative for stocks and provided some support to the US Dollar. That’s because the […]
What does Brexit mean for the Nigerian economy?
Lukman OtunugaNovember 6, 2019
By Lukman Otunuga, Senior Research Analyst, FXTM After more than 1200 days after Britain voted to leave the European Union, the country still remains in the trading bloc, pondering exactly how to leave. Although the October 31 “do or die” Brexit deadline has been extended to January 2020, this is simply kicking […]
On Nigeria’s new data protection regulation
Michael IreneNovember 6, 2019
By Michael Irene, PhD The National Information Technology Development Agency (NITDA) has come up with the Nigerian Data Protection Regulation. This, indeed, is a welcomed development as Nigerian companies over the years, use customers’ data in a willy-nilly fashion. At the minimum, the regulation aims to “monitor the use of electronic data interchange and other forms of electronic […]
On Structure of Statement of Financial Position
Irene Peter AtoloOctober 31, 2019
By Irene Peter Atolo When you visit a construction site of a civil engineer and ask him about the building, he will tell you about the basics: the foundation of a building is a sub-structure that carries other super-structures. Similarly, the balance sheet is the sub-structure of financial statements that carries other super-structures of financial […]