Risk Tips Issue 9: Credit Risk #1

  • Dec 08, 2016

What Is Credit  Risk

A credit risk is the risk of default on a debt that may arise from a borrower failing to make required payments. When lenders offer borrowers mortgages, credit cards or other types of loans, there is always an element of risk that the borrower may not repay the loan. Similarly, if a company offers credit to its client, there is a risk that its clients may not pay their invoices. Credit risk also describes the risk that a bond issuer may fail to make payment when requested or that an insurance company won't be able to make a claim. Read More

Quick Pick

Risk of Fuel Tanker Fire

Mitigation Strategies

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Meet the first set of Certified Risk Managers (CRMs) in Nigeria

The pioneer industry recognised professional examination in risk management which is jointly run by two foremost professional bodies in Nigeria , Risk Management Association of Nigeria (RIMAN) and The Chartered Institute of Bankers of Nigeria¬† (CIBN) recently produced the first set of Certified Risk Managers in the Country.¬† They are…

ABUJA QUARTERLY RISK ROUND-TABLE (QRRT)/ INDUCTION 2018

Abuja Q3 2018 Quarterly Risk Round Table (QRRT) and New Members Induction Programme. The Programme will take place in Abuja as follows: Date - Tuesday, 28th of August, 2018 Time - 10.00 am to 3.00 pm Venue - Ajuji Greenwich Hotel, Plot 1083, Joseph Gomwalk Street, Off Abdulsalami Abubakar Road,…

CBN, Director of Banking Supervision Department officially joins Risk Manager Association of Nigeria.

Central Bank of Nigeria, Director of Banking Supervision Department, Alhaji Ahmad Abdulahi is the latest high profile individual to join RIMAN. Prior to now, Alhaji Abdulahi has been a strong supporter of RIMAN. Alhaji Ahmad Abdulahi oversees banking supervision department of the Apex Bank. The department conduct off-site surveillance and…