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Tinubu’s Reforms, SEC’s IFRS 9 Transition Set To Transform Nigeria’s Financial Future
According to Nivo News, Nigeria has fixed September 2027 as the deadline to fully implement the International Financial Reporting Standards (IFRS) 9, which mandates market-to-market valuation of all assets, particularly in the fixed-income segment of the capital market.....KINDLY READ THE FULL STORY HERE▶
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, disclosed the plan over the weekend, outlining the roadmap for the transition. He explained that the commission had engaged extensively with market participants before setting the framework, stressing that the October 2, 2025, deadline for submission of implementation plans will help the SEC assess the readiness of financial institutions ahead of the 2027 transition.
Agama emphasized that the timelines were carefully designed to balance regulatory demands with market realities. He noted that the aim of requesting detailed implementation plans was not bureaucracy but a way to measure capacity, identify challenges, and ensure compliance with international standards.
While equity funds already operate under fair value reporting, he highlighted that the major gap has been within the fixed-income fund management space. The transition, he said, will align Nigeria with global financial practices, enabling investors to assess the nation’s market performance against international benchmarks.
Addressing concerns about potential volatility, Agama insisted that the move would ultimately strengthen the market by enhancing transparency and credibility, rather than destabilizing it. He reiterated that the reform would ensure Nigerian assets remain globally comparable and competitive.
Beyond IFRS 9, the SEC boss disclosed that Nigeria is also taking the lead in Africa in implementing the International Sustainability Standards Board (ISSB) framework, aimed at climate and sustainability disclosures. He described Nigeria’s early adoption of the standards as proof of its commitment to global best practices, though he assured that the rollout would be gradual to avoid burdening local companies.
Agama further noted that the reforms are aligned with the federal government’s macroeconomic agenda under President Bola Ahmed Tinubu, which is already yielding stability and boosting investor confidence. He identified the NIIRA 2025 and ISA 2025 as pivotal legislative reforms shaping the capital market for sustainable expansion.
He concluded that the SEC’s ongoing reforms—particularly the IFRS 9 transition and ISSB adoption—will position Nigeria’s capital market as a global reference point for transparency, accountability, and growth, thereby attracting capital inflows and promoting wealth distribution through a stronger financial system.
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FROM BEHIND BARS! Uwazuruike Drops Bombshell: Nnamdi Kanu Is Recruiting Igbo Youth For Violence From Prison!.
Ralph Uwazuruike, an agitator for the Biafran nation, has accused Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), of continuing to recruit Igbo youths for violent activities from his prison cell in Sokoto. Uwazuruike claims that this ongoing recruitment is directly responsible for the deaths of many young people.....KINDLY READ THE FULL STORY HERE▶
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Call to Action: He urged Igbo leaders and the pan-Igbo organization, Ohanaeze Ndigbo, to travel to Sokoto to demand that Kanu cease his recruitment efforts.
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Opposition to Violence: Uwazuruike emphasized his own aversion to violence and questioned how someone serving a life sentence for terrorism can continue to mobilize youths for such causes.
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Advocacy for Amnesty: He questioned why IPOB members cannot renounce violence and seek government amnesty and rehabilitation, similar to the programs offered to repentant terrorists and bandits in northern Nigeria.
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Context of Allegations: Uwazuruike’s comments appear to be prompted by recent social media videos featuring hooded, armed militants who claim loyalty to Kanu and threaten further violence in the South East to secure his release.
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Leadership Changes: These concerns also follow reports that Kanu has restructured his leadership team from prison and initiated a vague “100-man-project”.
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THE VIRAL REBUTTAL! APC Chieftain Ayekooto Fires Back: Remi Tinubu’s Advice Was Not For Yahoo-Boys Or Obidients!.
APC chieftain Ayekooto Akindele has defended First Lady Remi Tinubu regarding her controversial advice to women about engaging in small-scale businesses, such as selling roasted corn, akara, and kuli-kuli. Akindele clarified that this guidance was not intended for internet fraudsters or supporters of Peter Obi.....KINDLY READ THE FULL STORY HERE▶
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Target Audience: The advice was specifically aimed at individuals living at or below the poverty line who seek to earn an honest living while maintaining their dignity.
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Defense of Small Businesses: Akindele argued that the businesses mentioned by the First Lady are daily necessities patronized by almost every household in Nigeria.
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Critique of Critics: He claimed that those criticizing the advice, including “Yahoo-boys” and “ObiDENTs,” view such work as beneath them because they aspire to high-level trade like selling cars, rather than starting with small-scale ventures.
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Advocacy for Honest Labor: The APC chieftain emphasized that these small enterprises provide a path to earning a livelihood without resorting to immoral activities or cybercrime.
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has expressed deep sorrow and shock over the assassination of its Benue State Chairman, Ardo Risku, and is demanding that security agencies launch a comprehensive investigation to ensure the perpetrators face justice.....KINDLY READ THE FULL STORY HERE▶
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Context of the Attack: MACBAN reported that Risku was killed shortly after attending a security meeting requested by Ohimini Local Government officials to discuss regional peace and stability.
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The Incident: Approximately an hour after the meeting, Risku and an associate were intercepted and fatally shot in Okudu village.
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Premeditation Concerns: The association views the killing as a “dastardly and deeply disturbing act” and highlighted that the timing, immediately following a peace-oriented security meeting, suggests the attack may have been premeditated.
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Pattern of Violence: MACBAN noted that this incident follows a recent attack on the deceased’s son, a lawyer, in a village last week, further supporting the need for a thorough and transparent investigation.
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Broader Impact: The association emphasized that targeting community leaders and peace advocates actively sabotages efforts toward dialogue and peaceful coexistence.
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Commitment to Peace: Despite this tragedy, MACBAN reaffirmed its dedication to collaborating with government and security institutions to resolve national security concerns and offered condolences to the victim’s family and the Benue State chapter.
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