• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Breaking News

Senate passes Chartered Institute of Directors of Nigeria Establishment Bill

Justina Mboho by Justina Mboho
March 21, 2023
in Breaking News, Business News, Legal & Regulations
Senate passes Chartered Institute of Directors of Nigeria Establishment Bill
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Senate has passed a bill seeking to give legal backing to the establishment of the Chartered Institute of Directors of Nigeria.

The bill, which was sponsored by Senator Yahaya Abdullahi, scaled third reading on Tuesday during plenary and was passed.

The Institute will provide professional training to Directors in the Public and Private Sectors to facilitate effective governance, public accountability and professional efficiency in administering the Public and Private Sectors in Nigeria.

RelatedStories

President Tinubu appoints Ibrahim Gaga as new Executive Director of NEXIM Bank  

Bill to establish national malaria eradication agency passes second reading in senate

May 15, 2025

Tinubu seeks to tax FX gains by banks in proposed amendment to finance act

July 17, 2024

The bill: The bill seeks to task the Institute with determining the standards of knowledge and skills to be attained by persons seeking to become Directors.

The Institute will also serve as a regulatory body for persons serving as directors in both public and private sectors.

The bill passed its second reading in 2022. Senator Yahaya while leading debate on the bill said the Institute of Directors of Nigeria was established in 1983 and was incorporated by the Corporate Affairs Commission (CAC), as a non-profit making public company limited by guarantee.

He said “The bill is proposed to make the Nigerian Institute of Directors a Chartered Institute to acquire all the recognitions, benefits and technical support needed to make it effective in provision of capacity development services for Directors in the Private and Public Sectors in Nigeria and the rest of the world.”

He said the Institute will also make provision for continuous training and development of the Directors professionalism and the promotion of corporate governance values.

After scaling second reading in September 2022, the president of the Senate, Ahmad Lawan referred the bill to the Committee on Establishment and Public Service headed by Senator Ibrahim Shekarau representing Kano Central.

Shekarau in his speech said the bill seeks to, among others, promote the practice of Directorship in public and private sectors as well as promote high ethical standards in the profession.

What you should know

  • The Institute of Directors Nigeria ( IoD Nigeria) is a Professional Institute Founded on May 17, 1983.
  • It is a Professional Institute which promotes directors, develops corporate governance, represents our members to government, enhances the economy for business development and provides services to our membership.
  • The Institute aims at safeguarding the integrity and status of directorship as a profession by serving as the professional body for directors and through the provision of a professional designation which serves to assess and credit mastery.
  • The bill passed by the senate today gives legal backing to the establishment of the Chartered Institute of Directors of Nigeria.

Follow us for Breaking News and Market Intelligence.
Tags: Nigerian SenateSenator Yahaya Abdullahi
Justina Mboho

Justina Mboho

For further inquiries about this article, contact: Email: justina.mboho@nairametrics.com Twitter: bb_ladyj LinkedIn: Justina Mboho

Related Posts

President Tinubu appoints Ibrahim Gaga as new Executive Director of NEXIM Bank  
Health

Bill to establish national malaria eradication agency passes second reading in senate

May 15, 2025
Currencies

Tinubu seeks to tax FX gains by banks in proposed amendment to finance act

July 17, 2024
FG spent N3.6 trillion on fuel subsidy in 2023, projects N5.4 trillion in 2024 – Report
Breaking News

Tinubu proposes N6.2 trillion increase in 2024 budget, to fund with new tax on banks forex gains

July 17, 2024
LASG gives 4-day relocation deadline to squatters in Lagos coastal road, Lekki 
Currencies

Senate rejects bill seeking to monitor, supervise transactions in the FX market 

July 12, 2024
These Ideas Are What The Senate Thinks Will Lift Nigeria From Recession
Business News

No request of presidential jet sent to us from presidency – Senate

June 27, 2024
Sterling Bank CEO advocates for AI dev’t to maintain global competitiveness
Diaspora

Nigerian Senate seeks dismissal of suit alleging Ethiopian government lacks budget to feed detained Nigerians, others

May 13, 2024
Next Post
Milled Rice production in Nigeria to increase by 10% in 2023, from 5 million tonnes in 2022 - Syngenta

Milled rice production in Nigeria to increase by 10% in 2025 from 5 million tonnes in 2022 - Syngenta

Comments 1

  1. Dorrette G. Young says:
    March 21, 2023 at 10:13 pm

    Very good news and it is legit.
    For the people!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 
  • Global oil price may surge past $150 per barrel as Iran’s parliament approves closure of Strait of Hormuz 
  • President Trump’s visa restrictions threaten 16 U.S. colleges depedent on international students 

Follow us on social media:

Recent News

Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 

Tinubu seeks swift action on ECOWAS Standby Force as insecurity escalates in West Africa 

June 22, 2025
Latest crude oil price drop threatens Nigeria’s revenue and naira stability 

Global oil price may surge past $150 per barrel as Iran’s parliament approves closure of Strait of Hormuz 

June 22, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics