oleh admin | Apr 2, 2025 | business, business & finance, investing business news, investing news, news
In April, Kreston Pedaborisk will hold a breakfast seminar to explore how Enterprise Risk Management can enhance business resilience amidst economic and regulatory instabilities, as stated by the company on Monday.
The seminar titled “Enhancing Corporate Resilience: Incorporating Enterprise Risk Management for Long-term Development” will gather regulators, industry specialists, and corporate leaders for stability discussions.
Nosa Ogebebor, a partner at Kreston Pedabo, stressed the importance of companies transitioning from seeing Enterprise Risk Management merely as a regulatory obligation to embracing it as an integral part of their strategic planning.
He observed that although regulatory institutions like the Central Bank of Nigeria and the Securities and Exchange Commission have advocated for more robust risk management systems, numerous companies—including many small and medium-sized businesses—are still without organized methods because of scarce knowledge and experience.
Ogebebor highlighted regulatory uncertainties, economic fluctuations, and escalating cybersecurity threats as major concerns for Nigerian enterprises.
Nevertheless, he pointed out that progress in technology along with an increasing emphasis on corporate governance offer businesses the chance to enhance their risk management structures.
The consequences of inadequate or absent ERM strategies can be significant, putting companies at risk for financial setbacks, legal fines, and harm to their reputation,” he emphasized, underscoring that taking preemptive action in managing risks is much more economical than addressing them once they become crises.
He emphasized that adhering to international benchmarks like the COSO ERM Framework, ISO 31000, and guidelines from the Financial Action Task Force is crucial for Nigerian enterprises aiming to boost governance practices, draw in overseas investments, and strengthen regulatory adherence.
The seminar will include prominent speakers such as regulators and professionals from the industry, who will provide their perspectives on implementing Enterprise Risk Management in different fields.
The discussions will address how Enterprise Risk Management (ERM) contributes to business resilience, explore effective approaches in managing risks and ensuring good corporate governance, examine the influence of cybersecurity threats on ERM, and present case studies showcasing firms that have effectively incorporated ERM tactics into their operations.
Ogebebor viewed the event as a crucial step, considering the changing economic environment in Nigeria.
He observed that by gathering regulators, industry leaders, and risk management specialists, the seminar intends to promote a proactive risk culture amongst businesses in Nigeria.
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oleh admin | Apr 2, 2025 | controversies, government, politics, politics and government, politics and law
Ambassador Simeon Uwah, the Executive Secretary of the International Supreme Council for Peace Africa, has emphasized the significant dedication shown by ex-President Goodluck Jonathan when he accepted his loss in the 2015 national elections.
Uwah characterized Jonathan’s choice as a pivotal instance of democratic growth in Africa.
In the 2015 general elections, Jonathan created history by admitting loss to ex-President Muhammadu Buhari in a highly competitive contest.
This never-before-seen action left Nigerians astonished and grabbed the global spotlight.
On Monday, during an interview with reporters in Uyo, precisely ten years following the incident, Uwah highlighted that Jonathan’s choice to relinquish power calmly offers a significant example for African leaders. These leaders often opt to maintain their grip on authority when faced with crises instead of placing peace above all else.
On March 31, 2015, precisely a decade ago, ex-Nigerian President Goodluck Jonathan created history by acknowledging his loss to Muhammadu Buhari following a highly competitive presidential poll,” stated Uwah. “During an age when many African political figures frequently turn to aggression, contest elections through dispute, or use unlawful methods to retain control, Jonathan’s gesture of acceptance exemplifies one of the paramount instances of matured democracy in Africa. This act marked a significant shift, with Nigeria’s democratic journey being painted in vivid hues.
Uwah also pointed out that Jonathan’s well-known telephone call to Buhari to extend his congratulations was not merely an act of polite recognition of the electoral outcome.
This was an intentional dedication to tranquility, democratic principles, and the nation’s equilibrium.
“His telephone conversation with Buhari wasn’t just an act of good sportsmanship; it was a deliberate move aimed at promoting peace. This one action prevented potential post-election violence, protected numerous lives, and bolstered Nigeria’s position as a democracy on the international scene,” Uwah emphasized.
He stressed that Jonathan’s choice ought to be seen as an example for Africa, especially considering the ongoing political turmoil across the continent.
As Africa contends with military uprisings, contentious elections, erosion of democracy, and the solidification of autocratic rule, Jonathan’s strategy continues to serve as an essential framework for effective democratic management and reform,” stated Uwah. “Given the escalating political unrest from countries like Guinea to Sudan, and from Gabon to Burkina Faso, fostering nationalist and democratic leadership is not merely a choice but a necessity. Without adhering to this path, Africa could confront far more severe issues.
Uwah also proposed that Jonathan’s calm concession should serve as a case study in courses on governance and leadership training for African leaders.
He urged the African Union and ECOWAS to establish peaceful transfers of power and leadership changes as standard practices to protect democracy across the continent from collapsing.
Political transitions ought to be cooperative rather than confrontational,” Uwah emphasized. “Upcoming leaders should adopt bipartisan approaches and foster national reconciliation as fundamental tenets of leadership.
He ended his speech by quoting Jonathan from that crucial instance: “My ambition does not merit the blood of any Nigerian.”
Uwah called for African leaders to adopt this mindset—not just in rhetoric but in practice—moving forward.
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oleh admin | Apr 2, 2025 | community, government, public health and safety, safety, security
The Nigerian Security and Civil Defence Corps plans to dispatch 500 of its staff members to maintain safety during the crowning ceremony of Alaafin of Oyo, Oba Akeem Owoade, set to occur in Oyo town this coming Saturday.
The rollout is designed to ensure proper crowd management, maintain safety, and protect vital facilities during the event.
The dignitaries anticipated at the coronation consist of the ex-Prime Minister of Canada, Justin Trudeau, envoys from several nations, along with more than 200 individuals of Nigerian Yoruba descent residing in Canada.
Notable attendees also encompass prominent traditional leaders like the Ooni of Ife, Oba Adeyeye Ogunwusi; Omo N’Oba N’Edo, Oba Erediauwa from Benin; Sultan of Sokoto, Sa’ad Abubakar III; and Olu of Warri, Ogiame Atuwatse III, along with several others.
As stated by Samuel Opebiyi, the spokesperson for the NSCDC in Oyo State, the officers will be positioned tactically at the site of the coronation, major roadways, and various crucial locations throughout Oyo town.
The primary coronation event will be held at Olivet Baptist Heights, with the Local Organizing Committee designating 10 additional locations to accommodate guests.
The Oyo State Command of the NSCDC, led by Commandant Augustine Padonu, has confirmed that their personnel have received specialized training to handle the particular needs of this event. The gathering is anticipated to attract numerous individuals from across the globe.
The declaration stated: “Under the guidance of Commandant Augustine Padonu, the Nigeria Security and Civil Defence Corps, Oyo State Command, has established an extensive security strategy aimed at ensuring a seamless and protected coronation ceremony for His Imperial Majesty, Alaafin of Oyo, Oba Abimbola Akeem Owoade I.”
Considering the importance of this momentous occasion and the anticipated high attendance, the NSCDC plans to deploy approximately 500 well-trained staff members for security duties. Their roles include maintaining order among crowds, protecting vital facilities, and ensuring safety across all stages of the event. These agents will be positioned at crucial points such as the location where the crowning takes place, significant roadways, and essential sites within Oyo Town to thwart any potential breaches in security measures.
The NSCDC representative additionally highlighted the cooperation with various security organizations to ensure prevention of any security incidents prior to, throughout, and following the event.
Furthermore, the NSCDC plays a crucial role within the committee established to guarantee the smooth execution of the coronation, primarily concerning safety measures. They are closely coordinating with various security organizations to uphold public order throughout the entire duration of the event. These seasoned personnel will oversee operations and swiftly address any security issues that arise.
The NSCDC continues to uphold its commitment to safeguarding individuals and assets. We guarantee both residents and visitors that comprehensive precautions have been implemented to secure them during the coronation celebrations. Additionally, we encourage everyone to collaborate with law enforcement personnel and follow all regulations to facilitate a safe and harmonious occasion,” the statement read.
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oleh admin | Apr 1, 2025 | information security, investing news, investors, securities, securities law
The recently enacted Investment and Securities Act (ISA 2025) in Nigeria grants the Securities and Exchange Commission (SEC) authority to request customer data from telecommunications and electronic communications firms within the country as part of enforcing this legislation.
Additionally, Section 3(4)(j) of the Act permits the SEC to examine the substance of communications if there is any breach of legal provisions.
The aim of this new clause is to grant the Commission authority to access telephone, internet, and electronic data records, thereby significantly streamlining its investigative and enforcement capabilities.
Emomotimi Agama, the Director-General of the Securities and Exchange Commission, stated that the newly enacted Investment and Securities Act (ISA 2025), which was recently signed by President Bola Ahmed Tinubu, grants the SEC authority to pursue individuals involved in Ponzi schemes. These perpetrators could face a minimum sentence of ten years in prison under this legislation.
Agama stated, “Under the new legislation, they could receive a prison sentence of up to 10 years.” Furthermore, he mentioned that individuals involved in running a Ponzi scheme in Nigeria would also be required to pay a fine of N40 million as per this law.
On Tuesday, during an interview with Arise TV, the SEC DG mentioned that previously, the commission lacked the necessary legal framework to take action against perpetrators of Ponzi schemes. This deficiency made it challenging to hold these individuals accountable. However, he highlighted that the introduction of the new ISA has addressed this issue.
“The SEC will possess the authority to acquire subscriber information kept or managed by Internet service providers, telecommunications companies, and other electronic communications services based in Nigeria. This includes data identifying subscribers, financial transactions, and pertinent details such as the contents of communications related to potential violations or breaches of this legislation or other securities laws, codes, and regulations,” the document specified.
For the first time, Nigeria has enacted new capital market regulations that categorize cryptocurrencies and other digital assets as securities. This move aims to enhance transparency and attract more investment.
President Bola Tinubu has recently approved the new Investments and Securities Act (ISA) 2024, replacing the previous Investments and Securities Act No. 29 from 2007.
The legislation clearly identifies virtual or digital assets and investment contracts as forms of securities, thereby bringing Virtual Asset Service Providers (VASPs), Digital Asset Operators (DAOPs), and Digital Asset Exchanges within the jurisdiction of the SEC for regulation purposes.
This indicates that companies involved in digital assets are required to register with the SEC and adhere to their regulations, which is an essential measure for reducing fraudulent practices within the digital realm and promoting both trust and advancement in blockchain technology.
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oleh admin | Apr 1, 2025 | business, government, health, healthcare and medicine, medicine and healthcare
BIRNIN-KEBBI
— The Kebbi State chapter of the National Association of Nigerian Nurses and Midwives (NANNM) took advantage of the Sallah festivities to express gratitude towards nurses in Kebbi State for their dedicated community service.
The chairman of the association’s state branch, Comrade Kilani Abdulwaliyu, during his Eid al-Adha address mentioned that nurses and midwives in the state have dedicated themselves to serving through various healthcare facilities, providing care for millions of residents across Kebbi State.
We cannot express our gratitude sufficiently for your backing as we navigate the operations of the Association, which would not be feasible without each one of you. We extend our greetings on Eid al-Adha, wishing you spent the festival in excellent health.
Mr Kilani took the chance to praise Governor Dr Nasir Idris of Kebbi State for improving work environments for healthcare professionals, notably nurses and midwives, which has helped facilitate comprehensive and effective healthcare services throughout Kebbi State.
I want to commend Governor Idris for enhancing the compensation package for my members, but I also urge the government to include graduate nurses in this new package without delay. This inclusion will help strengthen healthcare services within the state.
The union leader encouraged his members to remain at their jobs to validate their compensation, simultaneously vowing to guarantee all of their rights are safeguarded within the organization.
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