ICAN News & Events Round Up 14 October 2020 - PensionNigeria

ICAN News & Events Round Up 14 October 2020

Past President of the Institute Mr. Emmanuel Itoya  Ijewere FCA delivering his remarks at the 3rd Southern Zonal Accountants’’ Conference in Calabar last week.
Dame Onome Adewuyi during a courtesy visit to Past President Chief Anthony Asuquo Ani FCA in Calabar last week


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Accounting News

Financial reporting RPA risks and controls
To take full advantage of financial reporting automation that may create efficiency and free up resources, companies must ensure that it’s being used wisely. When you consider robotic process automation (RPA) risks and controls before you deploy, and create an environment for apt and adept automation, you can be confident that the work your bots do moves your business forward. Read more

G20 Call to Action: Building Public Sector Resilience Must be Part of Pandemic Recovery
Cash notes and coins are in retreat — and the coronavirus is hastening their demise. According to research carried out in April for the 2020 American Express Digital Payments Survey, the pandemic had already led to a 16% decrease in the number of US consumers who said they were likely to use cash. It also caused a similar fall (15%) in the number of people likely to insert or swipe a card. Read more

Nigerian Economic News Briefs

Debts, salaries take 52.6% as FG budgets N13.08tn for 2021
The President, Major General Muhammadu Buhari (retd.) has presented to the National Assembly,  N13.08tn budget estimates for 2021  with N3.12tn (23.85 per cent) earmarked for debt servicing. Buhari, who said the nation’s economy might relapse into recession, stated that N3.85tn (29.43 per cent) was voted for capital projects, while personnel costs (salaries and allowances) would gulp N3.76tn (28.75 per cent). Read more

Manufacturers’ unpaid export grants hit N1.29tn
The Federal government owes exporters N1.29tn in outstanding export expansion grant for three years. The Manufacturers Association of Nigeria Export Promotion Group made this known on Thursday during the third Annual General Meeting of the group. Read more

FG Targets Processing 55mn Passengers at Airports by 2048
The federal government has projected that the major international airports: the Murtala Muhammed International Airport (MMIA), Lagos, the Nnamdi Azikiwe International Airport, Abuja, the Mallam Aminu Kano International Airport, Kano and the Port Harcourt International Airport, Omagwa would be processing about 55 million passengers annually by 2048. Read more

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