Nigeria, March 27 -- The federal government has announced a temporary pause in the implementation of a contentious regulatory framework introduced by the Financial Reporting Council of Nigeria (FRCN).

The decision is part of the move aimed at easing tensions with the organised private sector and restoring investor confidence.

The decision, announced by Minister of Industry, Trade and Investment, Jumoke Oduwole, on Wednesday, follows weeks of growing discontent over recent amendments to the FRCN's levy regime and its expanded scope of entities classified as Public Interest Entities (PIEs).

Mrs Oduwole clarified that the federal government is not suspending the implementation of the Financial Reporting Council's revised levy regime, as s...