KITE 2025 New Product Award — Local IT | SACEEC
Dimeri for Nigeria

GRC Software for Nigerian Organisations

Nigerian organisations navigate one of Africa's most complex and rapidly evolving governance, risk, and compliance landscapes.

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Dimeri Risk Intelligence Platform✦ AI Active
Risk RegisterControlsIncidentsGovernanceStrategic
2Critical
4High Priority
5Active Risks
65%Avg Control

Risk Heat Map — 5×5 Matrix

← Low   Likelihood   High →

Active Risk Items

CriticalNCCG 2018 Principle 15 — Risk Governance Gap
58%
CriticalNDPA 2023 Section 39 — Breach Notification Failure
52%
HighCBN Circular — Operational Risk Framework Deficiency
65%
✦AI analysis has identified that the NCCG 2018 risk governance gap (NG-001) and the NDPA 2023 breach notification failure (NG-002) share a common root cause: the absence of a centralised incident response and escalation framework across business units.

Industry Risk Landscape

Understanding the Risk Environment

Nigeria's corporate governance landscape is shaped by multiple sectoral regulators, each with distinct requirements that organisations must satisfy simultaneously.

Key risk areas covered

  • NCCG 2018 Governance & Board Reporting
  • NDPA 2023 Data Protection Compliance
  • CBN Risk Management Framework
  • SEC Governance & Capital Market Compliance

Key Frameworks & Standards

NCCG 2018NDPA 2023SEC CodeCBN Risk FrameworkISO 31000COSO ERMIIA Three Lines

See how Dimeri maps your risks to the right frameworks automatically.

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Core Risk Use Cases

Built for How Your Industry Actually Works

NCCG 2018 Governance & Board Reporting

The Nigerian Code of Corporate Governance 2018 requires organisations to demonstrate governance outcomes across 28 principles covering board structure, risk governance, internal audit, sustainability, and stakeholder management.

  • Dimeri maps every risk in your register to the relevant NCCG 2018 principle, tracks the status of each governance outcome, and generates disclosure reports aligned to the apply-and-explain regime mandated by the FRCN.
  • Board members and governance committee chairs can see at a glance which governance principles are fully addressed, which have gaps, and what remediation actions are underway.

NDPA 2023 Data Protection Compliance

NDPA 2023 compliance requires data controller and processor registration with the NDPC, data protection impact assessments, appointment of Data Protection Officers, documented records of processing activities, lawful basis for every category of personal data processed, and breach notification within 72 hours.

  • Dimeri creates a structured NDPA 2023 compliance register that links every processing activity to its lawful basis, tracks consent records and data subject access requests, manages NDPC registration documentation, monitors breach incidents with notification timelines, and maintains a complete audit trail for every compliance action.
  • When the NDPC conducts a compliance audit or investigates a complaint, everything is traceable in a single system — no more assembling evidence from scattered departmental spreadsheets, email threads, and shared drives.

CBN Risk Management Framework

The Central Bank of Nigeria requires deposit money banks, merchant banks, and other financial institutions to maintain comprehensive enterprise risk management frameworks.

  • This includes board-approved risk appetite statements, independent Chief Risk Officer functions reporting to board risk management committees, quarterly risk reports covering credit, market, operational, liquidity, and IT risk categories, and compliance with CBN prudential guidelines and regulatory circulars.
  • Dimeri provides a structured risk register that maps directly to CBN risk categories, tracks risk appetite utilisation in real time, generates the quarterly risk reports in the format expected by CBN examiners, and maintains a complete evidence trail of board risk committee deliberations and decisions.

SEC Governance & Capital Market Compliance

The Securities and Exchange Commission Nigeria requires capital market operators, registered fund managers, and listed companies to comply with the SEC Code of Corporate Governance.

  • The SEC Code mandates board composition requirements including independent directors, audit committee independence and financial expertise, risk management committee oversight, whistle-blowing frameworks, and shareholder protection mechanisms.
  • Dimeri tracks every SEC Code obligation, maps governance activities to specific SEC requirements, monitors compliance status across board composition, committee effectiveness, and disclosure obligations, and generates the governance reports required for SEC regulatory filings.

Digital Risk Register

GRC Register — Nigerian Regulatory View

✦ Powered by AI
Risk IDRisk DescriptionOwnerScoreControl %
NG-001NCCG 2018 Principle 15 — Risk Governance GapChief Risk Officer18
58%
NG-002NDPA 2023 Section 39 — Breach Notification FailureData Protection Officer20
52%
NG-003CBN Circular — Operational Risk Framework DeficiencyHead of Risk Management16
65%
NG-004SEC Code — Audit Committee Independence Non-ComplianceCompany Secretary12
70%
NG-005NAICOM — Insurance Risk-Based Capital ShortfallChief Actuary9
78%
✦AI analysis has identified that the NCCG 2018 risk governance gap (NG-001) and the NDPA 2023 breach notification failure (NG-002) share a common root cause: the absence of a centralised incident response and escalation framework across business units. Four departments lack formalised procedures for escalating risk events to the board risk management committee and for triggering data breach notification workflows within the 72-hour NDPA window. Implementing a unified incident escalation framework with automated notification triggers would reduce residual risk scores for both items by an estimated 40% and close three outstanding internal audit findings simultaneously.

Control & Incident Tracking

Three Lines of Defence — Tracked and Tested

Every risk in your register links to preventive, detective, and corrective controls. Effectiveness percentages update as evidence is logged. Full audit trail for regulators.

Preventive

Multi-Regulator Obligation Mapping

Every applicable Nigerian regulation — NCCG 2018 principles, NDPA 2023 requirements, CBN prudential guidelines, SEC Code obligations, and NAICOM governance standards — is mapped to the specific risks and controls in your register. When a new CBN circular, SEC directive, or NDPC guidance note is published, Dimeri identifies which existing risks are affected and flags any gaps in your control coverage. Obligation owners receive automated reminders before compliance deadlines, and the mapping is maintained as a living document that reflects the current regulatory state across all Nigerian regulators simultaneously — FRCN, NDPC, CBN, SEC, and NAICOM.

Effectiveness: 86%
Detective

Regulatory Compliance Scorecard

A single-screen traffic-light scorecard shows your compliance status against every NCCG 2018 governance principle, NDPA 2023 data protection requirement, CBN risk management obligation, and SEC Code governance standard. Each item is rated green, amber, or red based on current evidence and control effectiveness, with trend arrows showing whether compliance is improving or deteriorating. The scorecard updates automatically as assurance activities are completed and evidence is uploaded, giving the board governance committee and regulators a real-time view of the organisation's compliance posture across all Nigerian regulatory frameworks without waiting for quarterly reports.

Effectiveness: 82%
Corrective

Remediation Workflow & Board Reporting

When a governance gap, regulatory breach, or audit finding is identified, Dimeri creates a structured remediation workflow with assigned owners, due dates, and evidence requirements. Progress is tracked through to closure with a full audit trail. Board and committee reports are generated automatically from current data — showing risk profile changes, remediation progress, emerging risks, and multi-regulator compliance status in the format expected by Nigerian governing bodies. Whether the report is for the FRCN annual governance disclosure, a CBN examination, an SEC regulatory filing, or an internal board risk committee meeting, Dimeri generates it from live data in minutes rather than the weeks of manual compilation that most Nigerian organisations currently invest.

Effectiveness: 76%

Risk Register Software vs Excel

Why Spreadsheets Fail in This Industry

Spreadsheets cannot handle the complexity, volume, and real-time demands of modern industrial risk management. Here is where they consistently break down — and what Dimeri does instead.

Spreadsheet ProblemDimeri Solution
✗NCCG 2018 governance mapping maintained in a static Word document that becomes outdated within weeks and cannot demonstrate apply-and-explain compliance to the FRCN
✓Living governance register that maps risks to all 28 NCCG 2018 principles in real time, with structured apply-and-explain evidence updated automatically as risks and controls change
✗NDPA 2023 processing records scattered across legal, IT, and compliance department spreadsheets with no central view of NDPC registration status, impact assessments, or breach notification readiness
✓Centralised NDPA 2023 compliance register with full traceability from processing activity to lawful basis, impact assessment, NDPC registration status, and 72-hour breach notification workflow
✗CBN quarterly risk reports compiled manually from multiple departmental spreadsheets, often containing inconsistent data and submitted late due to the reconciliation burden
✓Automated CBN risk reports generated from a single live risk register covering credit, market, operational, liquidity, and IT risk — consistent, accurate, and available on demand
✗Multi-regulator compliance tracked in separate spreadsheets for FRCN, CBN, SEC, and NAICOM with no way to see aggregate compliance status or identify cross-regulatory gaps
✓Unified multi-regulator compliance dashboard showing real-time status across NCCG 2018, NDPA 2023, CBN framework, SEC Code, and NAICOM guidelines in a single view
✗No way to identify connections between governance gaps across different regulators — a board composition issue affecting both NCCG 2018 and SEC Code is managed as two separate items
✓AI automatically identifies cross-regulator linkages — a governance gap that affects both NCCG 2018 and SEC Code compliance is flagged once and remediated holistically rather than in silos

Frequently Asked Questions

Common Questions

Related Resources

Deepen Your Knowledge

GuideNDPA 2023 Compliance Checklist for Nigeria→TemplateNigeria Risk Management Template→PageGovernance & Compliance Software→GuideCOSO ERM Framework Guide→PageRisk Governance Platform→
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