Weblog - Oluwaseun Afolabi

  The National Board for Technical Education (NBTE) in Nigeria recently changed its service conditions, now allowing Higher National Diploma (HND) holders to lecture in Nigerian polytechnics. This move is commendable as it recognizes the practical expertise and industry experience HND holders bring to the educational sector. Here are some other countries where HND qualifications are recognized for vocational or technical teaching positions: Ireland , Singapore , Malaysia, South Africa, Ghana, India, Kenya, Zambia, and the United Kingdom. These examples demonstrate a global recognition of HND holders' practical expertise and specialized knowledge to technical and vocational education. To further elevate the quality of polytechnic education, NBTE should encourage HND holders with extensive practical experience to pursue a Doctor of Business Administration (DBA) degree. This qualification is particularly relevant for polytechnic education, focusing on applied knowledge and real-wo...

Mitigating Risk in Nigeria's Banking System: The Power of Diversification (A Guide for Bank Depositors) Introduction Nigeria's banking system has experienced its fair share of ups and downs, with recent events highlighting the importance of risk management for bank depositors. The withdrawal of Heritage Bank's operating license by the Central Bank of Nigeria (CBN) serves as a stark reminder of the potential risks associated with banking in Nigeria. This guide aims to educate depositors on the power of diversification in mitigating risk and securing their wealth. Are you a high-net-worth individual or a business owner with significant funds in a single bank? You may want to reconsider your strategy. While the Nigeria Deposit Insurance Corporation (NDIC) provides a safety net for deposits up to N5 million, amounts above this limit are exposed to risk in the event of bank failure. To mitigate this risk, consider diversifying your deposits across multiple banks. Und...