Central Bank of Nigeria - Circular to All Other Financial Institutions (OFIs) - Prudential Adjustments to Financial Statements of Other Financial Institutions

Following the adoption of the International Financial Reporting Standards (IFRS) in line with the national roadmap timelines, it has become necessary to reiterate, for the attention of all OFIs, the need to exercise due care and caution in financial reporting in order that financial statements present a true and fair view of their operating results and financial positions. As a result, the Central Bank of Nigeria (CBN) mandates that all OFIs insert a "Statement of Prudential Adjustments" in their financial statements, in the "Notes to the Financial Statements".

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2013
Date of Document: 
Friday, October 11, 2013
Document Authors: 
Central Bank of Nigeria

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