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NSE Boss Chides Nigerians Over Financial Literacy

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8 years ago

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The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema has stated the importance of financial literacy and the direct impact it would have in promoting sound economic growth.
Onyema said this would also help in reducing poverty in the country as well as good financial system that can solve a lot of problems in the society.
He said the contemporary society requires everyone to understand the principles of money management, adding the need for all to develop personal financial management skills that would enable them manage their finances effectively for financial freedom.
Speaking during the award ceremony of the 2017 NSE Essay competition for senior secondary school students in Nigeria, last weekend in Lagos, the CEO said, “we have implemented and will continue to support programmes to promote financial literacy among young Nigerians”.
He noted that the competition exposed the students to learn how good financial decision can better their lives now and in the future which will definitely grow the economy.
The CEO in a release made available to The Tide said the exchange had since the inception of the competition inspired over 60,000 young people in more than 7,000 schools across the country to showcase what they have learnt about the financial market.
According to the release, the former minister of Education, Dr Oby Ezekwesili noted that education remained the only tool to eradicate the dynasty of poverty in the country.
Ezekwesili noted the need for the private sector to be interested in what happens in the education system, adding that the Essay competition initiative is aimed at bridging the gap between classroom learning and practical knowledge required for long-term personal financial planning.
Miss Gbenjo Olasubomi of Good Shepherd Comprehensive High School, Lagos State emerged as the winners of the 2017 edition of the NSE Essay competition with N500,000 scholarship fund for university education, N250,000 equity investment and a laptop as a prize.
The first and second runners up include, Olanipekun Opeyeoluwa of Oritamefa Baptist Model School, Ibadan, Oyo State and Chukwuemeka Oluchi of Notre Dame Girls College, Ilorin, Kwara State, respectively.
The two winners also got laptops, equity investment and cash reward, with consolation prizes going to all their schools.

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Kenyan Runners Dominate Berlin Marathons

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4 days ago

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September 22, 2025

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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.

 

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NIS Ends Decentralised Passport Production After 62 Years

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4 days ago

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September 22, 2025

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

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4 days ago

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September 22, 2025

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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.
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