As part of our mission to promote the highest standards of ethics, education, and professional excellence, CFA Society Nigeria works closely with universities in Nigeria to promote the CFA® designation and to equip both undergraduate and postgraduate students with ethical standards and practical skills in investment analysis that will be required in the workplace. We currently run two university competitions:

  • CFA Investment Research Challenge®
  • CFA Society Nigeria Ethics Challenge

The CFA Institute educational programs are designed to develop the next generation of investment professionals globally. The activities under the educational programs are carefully designed to promote a high level of professionalism and ethical practices in investment research by students from universities and business schools through hands-on mentoring and intensive training on company analysis. Over time, these initiatives have culminated in a number of inter-university competitions.

CFA Society Nigeria Ethics Challenge

The Ethics Challenge embodies the CFA Institute global mission to promote the highest standards of ethics. It touches on many of the CFA Institute “Future of Finance” areas of focus, including: transparency and fairness, regulation and enforcement, and safeguarding the system. This competition among Nigerian universities promotes ethical awareness and provides students with tools to manage and resolve ethical dilemmas they will face when they enter the profession.

Two universities competed at the first edition of the society’s Ethics Challenge held in November 2016, and the University of Lagos won the competition. In November 2017, seven universities (University of Abuja, Ahmadu Bello University Zaria, University of Nigeria Nsukka, University of Ibadan, Obafemi Awolowo University Ile-Ife, Babcock University, and University of Lagos) competed in the second annual Ethics Challenge. The University of Lagos won the 2017 competition, with Obafemi Awolowo University and University of Ibadan finishing as first runner-up and second runner-up, respectively. In 2017, First Bank of Nigeria Limited agreed to sponsor the Ethics Challenge for the next three years.

CFA Society Nigeria encourages all Nigerian universities to participate in future editions of the Ethics Challenge. To express your university’s interest in competing in the Ethics Challenge, email universityrelationschair@nigeria.cfasociety.org and info@nigeria.cfasociety.org.

CFA Institute Research Challenge

The Research Challenge offers university students a unique opportunity to learn from leading industry experts and to compete with their peers from the world’s top finance programs. This annual initiative promotes best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills.In 2017, Zenith Bank Plc agreed to a multiyear sponsorship of this competition.

Over the course of the 2017/18 competition, the student teams will develop initiation-of-coverage reports based on in-depth research on a public company and will present and defend their recommendations in February 2018 at the local final to a panel of top industry professionals. The local final will be hosted in Lagos. The teams’ final research reports and presentations will be evaluated locally and the winning team will advance to the EMEA Regional Final in Dublin, 4-5 April 2018. The global final will be held on 25-27 April 2018 in Kuala Lumpur, Malaysia. Learn more about the Research Challenge.

CFA Society Nigeria encourages all Nigerian universities to participate in future editions of the CFA Institute Research Challenge. To express your university’s interest in competing in this global competition, email universityrelationschair@nigeria.cfasociety.org and info@nigeria.cfasociety.org.

University Affiliation Program

The University Affiliation Program recognizes academic institutions that embed a significant portion of the CFA® Program Candidate Body of Knowledge™ into their curriculum. Through cooperation with universities around the world, CFA Institute seeks to promote ethics-based investment education in university degree programs aimed at developing investment professionals. Learn more about the University Affiliation Program.

Internship Opportunities

CFA Society Nigeria works closely with leading employers and sponsors to provide internship opportunities for participants in our university competitions. See available internship opportunities.