Connect with us

Business

SEC Begins Capital Market School Curriculum In 2018

Published

on

The Securities and Exchange Commission (SEC) says it will begin capital market curriculum in primary and secondary schools in September 2018.
Director-General of SEC, Mr Mounir Gwarzo disclosed this at the World Savings Day celebration last Tuesday in Abuja.
The theme of the event is “Promoting Awareness on the Importance of Saving”.
The event was organised by the SEC, in collaboration with the Rotary International Club, District 9128.
It was attended by Rota-Kids from Clarent International School, Asokoro, Interact Club of JSS Durumi, Rotaract Club Zuba and members of SEC.
Gwarzo, represented by the Director, Market Development, SEC, Mr Henry Rowland, said the commission had already received the Ministry of Education’s approval to commence the studies.
The SEC director-general said the commission would collaborate with Rotary to ensure the World Savings Day was celebrated annually in the country.
“ Also, the SEC is willing to push this further as part of our financial inclusion commitment by introducing capital market clubs in schools, starting with the schools that are here.
“I am sure when we introduce this club in this schools, it will spread to other schools,’’ he said.
Gwarzo urged the students to cultivate the culture of savings and invest wisely in the capital market.
He said: “the capital market is one place you can keep your little savings and it will be safe. It is a market for buying and selling of financial securities.
“The capital market helps in driving job creation, innovation and financial security and it enables people to save for retirement.
On risk, he said the commission had set up mechanisms like the investment protection funds to protect investors against loss of funds if any company invested in failed.”
He also warned against the dangers of investing in crypto currencies, saying that the SEC, CBN and the government were still understudying the modalities of such currencies.
He advised the public to desist from investing in them until a clean bill was given concerning such investments.
The President, Rotary Club, Asokoro, Mrs Frances Bekey, urged the commission not to relent in  educating Nigerians on the benefits of savings.
She said: “It has been our desire to establish financial inclusion ambassador made up of Rotarians who will go into rural communities and talk to them about the importance of savings.
“I am sure you can help us to adopt this concept and make Rotarians who are already volunteers to help in propagating this to the rural communities.”
Also, the President of RotaKids Asokoro, Ohine Ivori, thanked the management of SEC for allowing the club to mark the World Savings Day with members of the commission.
Ivori said,” We observe several international days for various events just as we have gathered here today to celebrate the World Savings Day.
“There are two important sets of people in the lives of children that I would like you, our parents, to help us set a day aside to appreciate them.
“These are drivers and nannies; most times our lives are left in the hands of drivers as they drive us from place to place and at home we are left with nannies until our moms return home.
“They play important roles in our lives; therefore, I would advocate that we set aside a day to appreciate drivers and nannies in our homes.”

Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

on

Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

on

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

on

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending