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NICA
The Registrar/Chief Executive Officer of the National Institute of Credit Administration (NICA), Prof. Chris Onalo, has expressed concerns over the rise of unethical practices among credit management professionals in Nigeria, warning that such behaviours could lead to an increase in bad debts within the country's financial sector.
In a press statement, Onalo emphasised the critical need for ethics, transparency, and a duty of care in the credit appraisal process, highlighting the role of professional conduct in maintaining financial stability.
The National Institute of Credit Administration (NICA) has raised concerns about the detrimental effects of high-interest-rate loans on the viability of Small and Medium Enterprises (SMEs) across the country.
The National Institute of Credit Administration (NICA) has voiced concerns over the detrimental effects of restricted access to credit on the expansion of businesses, production capabilities, and the worsening of poverty levels across Nigeria.
In a move aimed at revitalising the Nigerian economy, the National Institute of Credit Administration (NICA) has called on the Federal Government to establish a comprehensive credit guarantee system to aid struggling businesses across the nation.
The National Institute of Credit Administration (NICA)has acknowledged Dr. Herbert Wigwe, founding Group Chief Executive Officer of Access Holdings Plc’s lasting impact on the credit industry in Nigeria.