Business

Heirs Technologies appoints Obong Idiong as Chief Executive Officer

Heirs Technologies Primed for Delivery of Leading Enterprise Solutions and IT Consulting Services for Businesses

Published

2 years ago

March 14, 2024

Charles Flames

347 Views

A leading digital transformation company, Heirs Technologies has announced the appointment of Obong Idiong as its Chief Executive Officer.

Idiong brings considerable experience in the technology sector and a visionary approach to this role. Prior to joining Heirs Technologies, he served as the MD/CEO at Africa Prudential Plc, where he spearheaded the digital transformation of its registrar services and repositioned the company as an agile and technology-driven organisation. Idiong has held a series of senior management roles, including at the United Bank for Africa Plc and Heirs Holdings Limited.

Heirs Technologies, a subsidiary of Heirs Holdings, delivers efficiency and scalability to enterprise customers, offering specialised and localised services that include IT Consulting, Managed Services and Business Process Outsourcing. In addition, the company offers locally relevant enterprise solutions to enable companies scale and transform their services. The company is committed to developing local talent through tailored skills development programmes.

Obong Idiong stated, “We are proud to bring Heirs Holdings’ core values and business approach to the tech sector, leading with excellence, execution, and enterprise. We are committed to bridging an enormous gap in the technology ecosystem by delivering local relevance to a global market and offering cutting-edge solutions to enable our customers to become more competitive”.

In addition, Dr. Fumbi Chima has been appointed as the Chair of Heirs Technologies.

She has served as CIO in global companies including Adidas, Fox Network Group, Burberry Corporation, Walmart Stores Inc. Asia business operations, and American Express’ Global Corporate Technologies.2

In her statement she said, “I am pleased to be a part of this movement to unlock Africa’s potential. Having worked in technology leadership roles across global organisations, I am confident that Heirs Technologies will create impact that will improve lives and transform the continent”.

Heirs Technologies is Africa’s digital transformation partner, driving innovation across the continent. Building on Heirs Holdings’ track record of digital transformation in financial services, Heirs Technologies specialises in delivering world-class technology solutions to corporate customers, including Managed Services, System Integration, and bespoke IT Consulting.

Heirs Technologies empowers businesses to thrive, through the delivery of innovative solutions, world-class expertise, and access to global providers, while enhancing local capacity and value.

Heirs Technologies is a subsidiary of Heirs Holdings, the leading pan-African investment company with strategic investments in key sectors in the African economy, including resources, power, financial services, real estate and hospitality and healthcare, with portfolio operations across twenty-four countries worldwide. Heirs Holdings’ investment approach is driven by founder Tony Elumelu’s philosophy of Africapitalism that champions the African private sector’s commitment to the economic transformation of Africa, through investments that generate both economic prosperity and social wealth.

For more information about Heirs Technologies, please visit www.heirstechnologies.com

Related Topics:Featured Heirs Technologies Limited

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Cardoso Urges Banks To Lend Out Idle Funds With CBN * Retains MPR at 26.5%

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

Published

5 hours ago

July 21, 2026

OCHEFA

18 Views

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged banks from keeping idle funds with the apex bank and encouraging increased lending into the economy.

Cardoso made the call on Tuesday after the 306th Monetary Policy Committee (MPC) meeting held in Abuja from July 20 to July 21.

The apex bank retained the Monetary Policy Rate (MPR), also known as benchmark interest rate, at 26. 5 percent.

This decision marks the second consecutive retention of the MPR at 26.5 per cent, following a 50-basis-point reduction in February from 27 per cent.

“The committee’s decision to maintain the current policy stand follows a thorough assessment of the balance of risk,” said Cardoso.

He emphasised that although headline inflation moderated marginally in June 2026, global uncertainties have heightened due mainly to the renewed hostilities in the Middle East.

The MPC also adjusted the asymmetric facilities corridor around the MPR to +50/-450 basis points—a move aimed at discouraging banks from keeping idle fund with CBN.

Furthermore, the committee maintained the Cash Reserve Ratio (CRR) for commercial banks at 45 per cent, retained the rate for merchant banks at 16 per cent, and kept the CRR on non-TSA public-sector deposits at 75 per cent for liquidity management considerations.

Cardoso said despite the global uncertainties, the Nigerian economy has “remained largely resilient to the external shocks”.

Business

CBN admits it opened domiciliary accounts for PFIPC agency

Represented by the Director of its Banking Services Department, Hamisu Ibrahim, the CBN said that the accounts are one in US dollars, the other in British pounds sterling, were opened following a mandate received from the Office of the Accountant-General of the Federation.

Published

14 hours ago

July 21, 2026

OCHEFA

20 Views

File photo : PFIPC agency DG, Adeniyi Adeyemi

The Central Bank of Nigeria had admitted that it opened two foreign-currency domiciliary accounts for the controversial Presidential Foreign Investment Promotion Council (PFIPC).

The apex bank made the confirmation, yesterday, during the public hearing convened at the National Assembly Complex by the House of Representatives Ad-hoc Committee investigating the existence and operations of the PFIPC, chaired by Yusuf Gagdi and inaugurated by Speaker Tajudeen Abbas.

He explained that on July 30, 2025, CBN received a mandate dated July 29, 2025 from the Office of the Accountant-General.

“We received the mandate to authorise two accounts, one a US dollar domiciliary account, the other a pound domiciliary account, for the Presidential Economic Advisory Council/Presidential Foreign Investment Promotion Council,” Ibrahim told the committee.

He explained the CBN’s verification process, “The process of opening an account requires a mandate from the Office of the Accountant-General of the Federation.

“Once we receive that mandate, we perform all the necessary verifications to confirm that this mandate is actually coming from that office.

The department that handles the mandate is different from the department that actually does the account opening,” he said.

Nevertheless, he noted that no one came to activate the accounts after they were opened.“We did not receive any correspondence, mandate, signature or mandate cards. We were not introduced to the authorising or approving officers.“Based on that, those accounts remain inactive, with zero balance. There have been no foreign exchange allocations.