News
NSE 2018 Essay Competition Focuses on ‘How Technology can Promote Financial Literacy’

In line with its commitment to ‘building a financially savvy generation, the Nigerian Stock Exchange (NSE) has announced the commencement of the 2018 edition of its NSE Essay Competition for students in Senior Secondary Schools in all states of the Federation.
The topic for this year’s edition, “Discuss how technology can promote financial literacy and encourage investment habit among youths”, aims to bring the subject of technology to the fore and get young people to start thinking early on about how it can be applied to real life business situations.
This year’s competition, which is supported by Jim Ovia Foundation opened on Monday, July 16, 2018 and will close on Friday, October 05, 2018.
To enter the 2018 NSE Essay Competition, participants are required to email their typewritten entries, which should not be more than 1,000 words to [email protected].
The competition rewards the Top 10 winners out of which the top three will be presented with equity investments, University scholarship funds and personal Laptops/tablets at the Awards ceremony which comes up in October 2018.
The winners will also be honoured with a Closing Gong ceremony at The Exchange. The schools of the top three winners will also be recognised and presented with prizes such as trophies, desktop computers and printers.
The additional seven (7) essay writers will receive consolation prizes, certificate of achievement and recognition at the awards ceremony.
According to Mr. Olumide Orojimi, Head, Corporate Communications, NSE, improving financial literacy is important to the future of Nigeria.
“Youths are an important stakeholder group as it relates to planning for a sustainable future as a nation and we must imbibe in them, good financial skills that will assure a secured and great future for them. The competition serves as an essential platform.
As the premier multi-asset securities exchange, this is one of the ways we contribute to building a financial literate Nigeria that can access various financial inclusion offering available to them.
Since it’s commencement in year 2000, The NSE Essay Competition has inspired over 30,000 young people in over 3,500 secondary schools across Nigeria to showcase what they have learnt about the financial and capital markets.
It provides an important opportunity for youths to engage in issues of importance to The Nigerian economy.
He noted that through this competition, the NSE has been able to promote financial literacy among young Nigerians, by encouraging them to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy.
“We continue to be inspired by both the increasing number of participation in this financial literacy activation and the boundless imagination that the topics spur amongst the vast majority of the students.
This year’s theme could not have come at a better time as the world prepares for a fourth industrial revolution that will be primarily driven by technology.
This year’s competition hopes to spark exceptional thinking as our youths prepare to embrace a sustainable financial future that is technology will play a major role”.
Entries submitted for the competition are graded by a team of examiners identified in conjunction with the Chartered Institute of Stockbrokers at the first level.
Successful writers will then proceed to the second stage by writing an in-person follow up essay on a related topic at any of the NSE branches closest to them.
The final stage involved interviews at the NSE Headquarters in Lagos. This rigorous level of assessment is to ensure that only the best amongst equals emerge as winners.
News
Google, UpSkill Universe Relaunch Hustle Academy to Bring Free AI Skills to Africans

Google and UpSkill Universe, Sub-Saharan Africa’s leading AI and business skills training partner, have announced a major redesign of the Google Hustle Academy programme.

For the first time, the free training initiative is open to everyone, not just business owners. The new curriculum is focused on equipping individuals and entrepreneurs with practical AI skills.
Small businesses are the engine of Africa’s economy, creating over 80% of jobs on the continent. To help them grow, the Hustle Academy was launched in 2022, providing bootcamp-style training on business strategy, digital skills, AI, and leadership. The program has since trained over 18,000 SMEs, with many reporting increased revenue and job creation.
Now, as AI reshapes the job market, the program is evolving. The 2026 edition is built for anyone in Sub-Saharan Africa, including employees, students, and jobseekers, who wants to use AI to advance their career.
To meet the needs of a diverse audience, the new format includes short, 60-minute webinars and more immersive, high-impact bootcamps. These sessions are laser-focused on putting AI to work immediately in areas like digital commerce, marketing, and growth strategy.
Speaking about the academy, Gori Yahaya, Founder & CEO UpSkill Universe said “The 2026 Hustle Academy is designed to close the AI Skills gap with hands-on training that is short, focused, and immediately useful. AI is reshaping how businesses win and how careers are built, right across this continent.
“We’re excited to renew our partnership, now in its fifth year with Google, combining their global AI leadership with our deep regional AI expertise. The next wave of AI leaders will come from this continent. We are making sure they are ready.”
The Hustle Academy initiative has strengthened digital competitiveness across emerging African economies by enabling SMEs to move beyond AI awareness to practical implementation, positioning them for sustained growth in an increasingly AI-driven business environment.
“We believe that the future of Africa’s digital economy lies in the hands of individuals and entrepreneurs alike. Our new strategy focuses on scaling reach by training individuals in the latest AI-centered tools and techniques,” said a Google representative.
News
Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt
Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.
GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.
Individuals owe N13.5 million to N35 million each.
Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.
More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.
Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.
Pedro urged prompt filings and payments.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
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