LIST OF REASONS

Introduction In an increasingly globalized economy, Nigeria's adoption of International Financial Reporting Standards (IFRS) marked a pivotal shift in its financial landscape. IFRS, developed by the International Accounting Standards Board (IASB), provides a unified framework for financial reporting, ensuring consistency and transparency across borders. Nigeria officially transitioned to IFRS in 2012 for publicly listed companies, with small and medium enterprises (SMEs) following in 2014. This move was driven by the need to align with international best practices, especially as the country sought to attract foreign investment and integrate into the global market. But what were the key reasons for adopting IFRS in Nigeria ? Let's explore the primary motivations and benefits. Five (5) Reasons for Adopting IFRS in Nigeria: Benefits and Impacts 1. Financial Transparency and Accountability One major reason for IFRS adoption in Nigeria is enhanced financial transparency and accounta...

Introduction In the escalating political drama in Rivers State, the House of Assembly has intensified its push to impeach Governor Siminalayi Fubara and his deputy, Prof. Ngozi Nma Odu. On January 16, 2026, the Assembly, under Speaker Martin Amaewhule, sent letters to Chief Judge Justice Simeon Chibuzor Amadi, requesting a seven-member panel to probe allegations of gross misconduct. This move comes amid a deep-seated crisis, rooted in accusations of financial impropriety and constitutional violations. Despite a court interim order restraining the Chief Judge from acting, the Assembly's determination highlights ongoing tensions, possibly influenced by former Governor Nyesom Wike's allies. Here, we break down the key reasons driving this impeachment effort, optimized for those searching "reasons for impeaching Fubara" or "Rivers State impeachment updates." 1. Allegations of Extra-Budgetary Spending and Financial Misconduct A primary trigger for the impeachmen...

Introduction In Nigeria's dynamic economic landscape, liquidity preference — the tendency of individuals and businesses to hold cash or highly liquid assets — remains a critical behavior shaping financial decisions. Rooted in John Maynard Keynes' theory , liquidity preference arises from three primary motives: transactions (for daily needs), precautionary (against uncertainties), and speculative (betting on interest rate changes). In Nigeria, this preference is amplified by unique economic challenges, including high inflation, currency instability, and limited financial access. As Africa's largest population grapples with these factors, understanding why Nigerians favor liquidity over investments is essential for policymakers and investors alike. This article explores the key reasons behind liquidity preference in Nigeria, drawing on recent economic trends. Five (5) Reasons for Liquidity Preference in Nigeria: Understanding Cash Holdings in a Volatile Economy 1. Economic Un...

Introduction Divorce rates in Nigeria have been steadily increasing in recent years, with reports indicating a rate of around 2.9% in 2023 (translating to about 1.8 divorces per 1,000 people), placing the country among the higher-ranking nations globally. While marriage remains a cherished institution influenced by religion, culture, and extended family ties, modern pressures are challenging traditional unions. Women are increasingly initiating divorces, reflecting changing gender dynamics and greater economic independence. Elsewhere, the legal reasons for divorce were discussed but here are the primary reasons for divorce in Nigeria today. Seven (7) Top Reasons for Divorce in Nigeria: Understanding the Rising Trend 1. Financial Stress and Economic Hardship Financial issues top the list as the leading cause of marital breakdown. With Nigeria's economic challenges — including inflation, unemployment, and high living costs — many couples face constant strain over money matters. A...