The National Institute of Credit Administration (NICA) is the premier professional body for the control, supervision, and regulation of credit management profession in Nigeria; formed in 1992 as the “Institute of Credit Administration –ICA” and became chartered by the Act of Parliament No.26 of 2022. The Institute is the most prestigious body of eminent credit management elites, business leaders and credit-using entrepreneurs in the country. The Institute is the Supervisory Authority for the Act, vested with the power to enhance, promote, and protect the interests of business credit providers and grantors; consulting with and making recommendations to the government, regulatory bodies, trade associations, academic community and other professional bodies on all matters relating to credit management.