News
N25Bn ETF: Lagos Distributes Offer Letters, Targets 900,000 Jobs By 2019

The Lagos State Government through its Employment Trust Fund (LSETF) has distributed offer letters to some of the beneficiaries of the pilot scheme of the N25 billion Employment Trust Fund (ETF), with a pledge to create at least 300, 000 direct and 600, 000 indirect jobs by 2019 through the initiative.
Speaking at the distribution ceremony, Mr. Akin Oyebode, executive secretary of LSETF, said the award of the offer letters was in fulfillment of one of the cardinal promises of the Governor Akinwunmi Ambode-led administration to set up a fund to drive the growth of the Micro, Small and Medium Enterprises (MSMEs) in recognition of their critical role as the engine of growth and leading creator of jobs in any economy.
Oyebode, who said the award of the offer letters was also an eloquent testimony of the readiness of the State Government to support the thriving youths and residents of the State, said a total of 1,000 MSMEs have been earmarked to benefit from the pilot scheme, out of which 281 micro enterprises have so far been approved.
He said out of those approved, 150 beneficiaries have collected their offer letters, while the process for approval for others in the pilot scheme is ongoing.
To ensure transparency and unbiased process, Oyebode said the LSETF engaged partners to help with the selection, verification and disbursement of the loans to beneficiaries.
“These partners include Price Waterhouse Coopers (PWC) who verified all the applications and audit the processes. Others include organizations such as the Fate Foundation, LEAP Africa, Nigerian Association of Small Scale Industrialists (NASSI), Women in Management, Business and Public Service (WIMBIZ), National Automobile Technicians Association (NATA) and Cooperative Societies, who provided applicants for the pilot scheme through their membership,” Oyebode said.
He added that application process is still ongoing and that once completed, a full list of beneficiaries would be made available to the public.
While disclosing details of the loan, Oyebode said the beneficiaries of the micro enterprise pilot scheme were given loan approval ranging from N300, 000 to N500, 000, with an annual five percent interest rate, which is the lowest anywhere in the country.
He said the LSETF was in the process of rolling out the N5million SME loan programme which will provide fund for the sector for up to two years, adding that the N6.25billion to be disbursed annually through the ETF has already been approved.
Besides, Oyebode expressed gratitude to all stakeholders for their support so far, and expressed readiness for greater cooperation in the coming months and years.
Responding, one of the beneficiaries, Mr. Chike Charles Obi expressed appreciation to the State Government, especially Governor Ambode for fulfilling his promise, saying that most of them did not initially believe that the offer was real, but just applied.
He said the development was a confirmation that Governor Ambode has brought real change to governance, and thanked the LSETF for being transparent and unbiased especially in choosing the beneficiaries.
Another beneficiary, Mrs. Modupe Shukurat Alausa urged her co-beneficiaries to encourage government by using the fund for the purpose meant. She also thanked Governor Ambode for running an all inclusive government.
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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