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Today, as among the learned and elites, the apprenticeship system has evolved to Industrial Training / Work Experience programmes (IT) in the form of Students Industrial Work Scheme (SIWES) which is recognised as a period of a students education where the student leaves regular academic activities temporarily for some specific number of months ...
1971: Ahmadu Bello University became the first established educational institution to start a banking education programming leading to the award of Diploma in Banking, which served as prelude to AIB (Now ACIB). 1972: University of Lagos followed with a Degree programme in Finance. August 18, 1973: Nigerian Institute of Bankers was established. [6]
Afrinvest was founded in 1995 by Godwin Obaseki as Securities Transactions & Trust Company (Nigeria) Limited (“SecTrust”). [3] Over the years, SecTrust established a close relationship with its London-based partners (“Afrinvest Limited”), an investment banking firm regulated by the United Kingdom Financial Services Authority (“FSA”).
[1] [2] [3] It is a paid programme of a two-year duration, aimed at engaging beneficiaries in their states of residence. [4] On 13 July 2019, Nigerian federal government disclosed that they have spent a total of ₦279b since they started paying the scheme beneficiaries from December 2016 to June 2019. [ 5 ]
Programs generally require one to two years of study, and are often offered as a non-thesis degree. The MSF program, typically, prepares graduates for careers [5] [6] in corporate finance, investment banking and investment management. [3] [7] The core curriculum is thus focused on managerial finance, corporate finance and investment analysis.
The N-Power (Nigeria) program offers young Nigerians job training, education, and a monthly stipend of 30,000 Nigerian naira (US$83.33). The Conditional Cash Transfer Program (CCT) provides financial assistance to impoverished individuals to support their basic needs and education. The Government Enterprise and Empowerment Program (GEEP) is a ...
First City Monument Bank (FCMB), a member of FCMB Group Plc, is a financial services holding company headquartered in Lagos.FCMB Group Plc has nine subsidiaries divided among three business groups: commercial and retail banking, investment banking, and asset and wealth management. [2]
Investment banking has also been criticized for its opacity. [51] However, the lack of transparency inherent to the investment banking industry is largely due to the necessity to abide by the non-disclosure agreement (NDA) signed with the client. The accidental leak of confidential client data can cause a bank to incur significant monetary losses.