Zenith Bank is set to partner the CFA Society Nigeria to sponsor the CFA Institute Research Challenge in Nigeria.
The CFA Institute Research Challenge, regarded as the world’s most prestigious investment research competition among university students globally, is aimed at promoting best practices in equity research among the next generation of analysts.
The competition is said to promote ethics and best practices in investment research through hands-on mentoring and intensive training in equity analysis and presentation, with the overall objective of providing university students with valuable real-world exposure to the practice of finance to complement the theoretical framework of the university education.
This is Nigeria’s first outing in the global competition, wth eight Nigerian universities featuring. They are: Ahmadu Bello University, Babcock University, Covenant University, Lagos Business School, Obafemi Awolowo University, University of Abuja, University of Ibadan and the University of Lagos.
The teams are required to conduct a detailed investment research on a subject company and will be presenting their research reports to a high-level panel of investment professionals who will serve as judges with the winner of the 2017/2018 CFA Institute Research Challenge in Nigeria emerging at a national final scheduled for February 2018 at the Civic Centre, Lagos.
The national champion from Nigeria will then join 35 other national champions at the Europe, Middle East and Africa, EMEA, Regional Competition in Dublin, Ireland in April 2018 to compete for a slot in the four-team global final that will hold in Seoul, South Korea in the same month.
The management of Zenith Bank said it was proud to sponsor the CFA Institute Research Challenge in Nigeria and that as an institution that strongly believes in the development of human capital, it was one of the ways it could contribute to the development of education in Nigeria.
Zenith Bank is Nigeria’s largest bank by Tier-1 capital, and has youth development at the core of its corporate social responsibility, CSR. The bank has sponsored similar initiatives in the educational sector over time.
Banji Fehintola, CFA, President of the CFA Society Nigeria, said CFA Society Nigeria was very excited to secure a multi-year sponsorship from Zenith Bank for this important mandate of our university outreach program. “CFA Society Nigeria is primarily focused on improving the level of professionalism, ethics and investment knowledge in our industry and our university competitions enable us to invest in the development of the next generation of investment professionals. We are very pleased with Zenith Bank’s partnership in helping us to achieve our mutual agenda of contributing towards the development of our educational system and the investment industry in Nigeria,” Fehintola said.