News
Key Measures Point Stinky Fingers @ Nigeria

From pervasive corruption to alarming incidences of intellectual property theft, Nigeria has been ranked among the bottom 10 performers in the world according to a compilation by ENDS.ng, Every Nigerian Do Something.
The rather unsavory compilation includes; general corruption where the country is ranked the 8th most corrupt nation in the world according to Transparency International 2013 Global Corruption Barometer.
Dr. Peregrino Brimah of ENDS, which builds peace and promotes progress through the power of the individual, also listed Police corruption with Nigeria at 4th on the ladder of countries where the Police force is perceived as corrupt, according to the same Transparency survey.
Elsewhere, the Economist Intelligence Unit, (EIU), ranked Nigeria the worst place to be born in 2013 while Nigeria with up to 740,000 in slave bondage ranks 4th in the world in modern slave nations, according to the just released Global Slavery Index. Fitting in after Pakistan.
Nigeria now occupies the number spot as haven for sea robbers in contrasts to slowing global stats.
According to the International Maritime Bureau reported Nigeria had 11 of 66 global incidents for the first quarter of 2013. 966 sailors were attacked last year off West African coasts.
In addition, the World Bank data, Nigeria ranks 9th worst in the world with 630 deaths per 100,000 from 10 years data collected from 1990-2010 while the 2011 Global Software Piracy Study conducted by Business Software Alliance ranked Nigeria 2nd in the world, with software piracy costing the nation a whopping $251m (N39.4bn).
Others are: #1 – Exam Malpractice: Director General National Orientation Agency (NOA) Mr. Mike Omeri whose agency partners with Exam Ethics Marshals International, in 2012 ranked Nigeria #1 in the World Exam Malpractice Index.
#11 – Good Governance: Nigeria ranked 4th worst in West Africa, 13th of 16, in Safety & Rule of Law, Participation & Human Rights, Sustainable Economic Opportunity, and Human Development, in the 2013 Ibrahim Index of African Governance. Nigeria ranked 41st out of the 52 countries listed overall.
#1 – Bribe: Nigeria ranks highest for Bribe in the world on the Foreign Corrupt Practices Act (FCPA) interactive map, online at- fcpamap.com
#1 – VVF: According to United States Agency for International Development, USAID, Nigeria has the highest prevalence of Vesico-Vaginal Fistula in the world, with over 200,000 patients and an annual incidence at 20,000. That is 40% of the global cases in Nigeria alone.
#7 – Terrorism: Global Terrorism Index (GTI) ranks Nigeria the 7th worst in the world for terrorism over the last 10 years, according to its 2012 assessment.
#2 – Road Traffic Accidents (RTA): In 2012, Nigeria ranked second highest in road traffic accident (RTA) fatalities among the 193 countries in the world according to the Minister of Health.
#1 – Aviation Accident for 2012: In 2012 with over 153 onboard deaths and more on the ground, in the Dana Air Boeing MD83 airline accident, Nigeria had the world’s worst aviation accident.
#4 – Worst City: Despite aggressive transformation by the Lagos government, the EIU in its 2013 annual survey of 140 major metropolises ranked Lagos the 4th worst city in the entire world.
#7 – Growing Old: Global AgeWatch Index 2013 ranking of 91 countries, put Nigeria at #85; the seventh worst country to grow old in. Nigeria in the report ranked third lowest for income security.
#2 – HIV/AIDS: With an estimated 3.4 million living with the virus, the National Action Committee on Aids (NACA) put the nation as the second worst in the world.
#2 – Electricity: Nigeria is ranked by the World Bank as the 2nd worst in the world in power (electricity) supply. According to the report, 82.4 million Nigerians, half the nation lived without power. India is #1.
#1 – Kidnapping: In the first half of 2013, Nigeria had the most kidnapping attempts of any nation in the world, according to NYA International organization of Crises prevention and response. Recording 26%, over a quarter of all incidents. Mexico was second with 10% and Pakistan 3rd with 7%.
#1 – Oil Spills Worldwide: From Vanguard on November 14, 2012: Nigeria has highest oil spill in the world – Senate; the nation records the highest number of oil spill incidences among oil producing countries with no penalty regime attached to such oil spills
#4 – Oil Spillage Outages: Vanguard reported on October 8th, 2013, that with more than 200,000 barrels per day (bpd) of crude oil being lost to pipeline vandalism, Nigeria ranks 4th worst in the world in oil spillage outages, according to Deutsche Bank and other shipping and industry estimates. Libya, Syria, Iran and lead Nigeria in outages for obvious reasons including recent wars and US sanctions at Iran.
But there is a glimmer of hope in it all. Nigeria actually does take the first position in something great:
#1 – Highest Paid Legislators: The Economist magazine revealed that Nigerian federal legislators are the highest paid in the world with an annual basic salary of $189,500 (N30.6 m).
“With the current state and direction of both the government and the people of Nigeria—Africa’s largest nation and the world’s most populated black country—the nation is not headed for improvement on these shameful rankings, but more predictably to slide further down the ladder into the darkest crevices of the black hole of Calcutta” Brimah stated
News
Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
News
NCAA to Introduce RFID Technology to Tackle Missing Luggages

Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
News
Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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