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CBN and The Community

University Aid | Sports | Govt & Professionals | Other Aids | Discussion Forum Seminar for Finance Correspondents and Business Editors
The 1st run of the 2008 seminar which is the 12th in the series was held at Tahir Guest Palace, Kano from 23rd to 25th May, 2008 with the theme “Micro Finance: Reducing Poverty Through Better Credit Delivery”. The following topics were covered: Overview of Credit Delivery Channels in Nigeria; Micro Finance Policy Framework in Nigeria; Reducing Poverty through Better Credit Delivery - The Asian Experience; The Role of Micro Finance Institutions in the Economic Development of Nigeria; Institutional Reforms for Efficient Micro Finance Operations in Nigeria; Beyond Finance: Poverty Reduction Strategies in Nigeria; and Effective Communication for Poverty Reduction in Nigeria.

It will be recalled that the Finance Correspondents and Business Editors Seminar was initiated in 1996 to foster a closer relationship between the Bank and the Media. It is also a platform used to facilitate better education and enlightenment of the public through capacity building of Finance Correspondents and Business Editors. The seminar started as an annual event but metamorphosed into a bi-annual seminar in 2006 because of its benefits.

Sports Development

To assist in the promotion and development of sporting activities in Nigeria, the CBN has been sponsoring various sporting events. These include Lawn Tennis, Golf Tournament and All Financial Institutions Football Competition. 

1. Lawn Tennis
   The 30th edition of the championship was held from 15th to 24th May, 2008 at the National Stadium, Suru-Lere, Lagos with winners emerging in the following categories: Men’s Single: Winner - Sunday Emmanuel, Runner up - Lawal Shehu; Ladies Single: Winner - Charity Agugbon, Runner up - Fatima Abinu; Men’s Double: Winners - Shehu Lawal & Candy Idoko, Runners up - John Otu & Austin Nwokedi Ladies Double: Winners - Fatima Abinu & Omotayo Ibrahim, Runners up- Blessing Samuel & Margret Olagunjoye Since 1978, the CBN has consistently sponsored the lawn tennis tournament which has become the stepping stone for the success of the game of tennis in Nigeria. Notable tennis stars like David Imonite, Sunday Maku and Shehu Lawal, etc had featured and won trophies in the various editions of the tournament. The Bank in 2007, introduced the CBN Junior Tennis Championship to ensure that new stars are discovered and developed early enough. The championship which serves as a feeder to the senior category is open to boys and girls of 10, 12, 14 and 16 yrars of age. The 2nd edition of the junior championship was held at the Lagos lawn Tennis Club, Race Course, Lagos from 7th to 13th April, 2008 and the winners (boys and girls of age 16 category) participated in the Senior Open Championship held from 15th to 24th May, 2008. It is worthy to note that in recognition of the contributions made by the Bank towards the development of sports in the country, the Champion Newspaper Ltd awarded CBN the “Sporting Corporate Sponsor of the Year 2007 (Tennis)” The award according to the Newspaper was in recognition of CBN’s commitment to the development of sports, particularly the game of Tennis.
    
2. Squash
   Since 2003, the CBN has also been involved in the sponsorship of Ikoyi Club Squash Competition which is open to its members and general public with an annual donation of N1m.
   
   
3. CBN Governor's Golf Cup
   In continuation of its commitment to the development of sports the Bank in 2007 sponsored the maiden edition of the CBN Governor’s Golf Cup Tournament at the IBB International Golf & Country Club, Asokoro, Abuja from 2nd to 4th November, 2007. The objective of the tournament is to create a relaxed and recreational setting for executives in public and private enterprises as well as corporate bodies to interact. This is in addition to the socio-economic benefits in terms of friendship and business opportunities derivable from the game. The 2nd edition of the tournament is scheduled to take place from 14th to 16th November, 2008.



4. All Financial Institutions Football Competition

The final of 2008 edition was played at the Teslim Balogun Stadium, Suru-Lere, Lagos on 31st May, 2008 with CBN FC winning the trophy. The team defeated FBN FC 2 – 0 to lift the trophy. The CBN in conjunction with Nigeria Football Association (NFA) sponsors this competition to foster closer and good relationship among staff of banks, insurance companies, Security and Exchange Commission and other financial institutions. The competition has been on since 1979, when the maiden tournament was held to mark the 20th anniversary of CBN. It is worthy to note that football stars like Henry Nwosu, Stephen Keshi, Monday Odiaka, Kanu Nwankwo, etc had featured in the competition.