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The Honourable Chief Judge of Lagos State, Justice Opeyemi O. Oke has issued Practice Directions on small claims in the State. The Honourable Chief Judge, acting on powers conferred by section 274 of the 1999 Constitution (as amended), the High Court Law of Lagos State and the Magistrates Courts Law, issued the directives which are to apply and be observed
At the beginning of 2018, the Central Bank of Nigeria (CBN) introduced a new accounting regime for banks to follow. The most significant feature of the new standard, called the International Reporting Standards 9 is the requirement for banks to make anticipatory provisions for bad loans. In a nutshell, where banks were previously called to make provisions for bad loans