Covenant University has won Nigeria’s stage of global CFA Institute Research competition.

The university beat University of Lagos and Obafemi Awolowo University which emerged second and third place winners, respectively, in the competition held in Lagos on Saturday.

Eight universities took part in the competition.

Covenant University will consequently represent Nigeria at the Regional CFA competition in Dublin, Ireland, on April 4 and April 5.

The CFA competition in Nigeria is sponsored by Zenith International Bank in partnership with CFA Society in Nigeria.

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The CFA Institute Research Challenge is the world most prestigious investment research competition among university students globally.

It is aimed at promoting best practices in equity research among the next generation of analysts.

The competition promotes ethics and best practices in investment research through hands-on mentoring and presentation.

At the final of the competition, the Chairman of Zenith Bank, Mr Jim Ovia, said the bank had always anchored its Corporate Social Responsibility (CSR) towards empowerment, development, building skills, talent and capabilities among the youths.

He said that the bank aligned with CFA Research Challenge's overall objective of providing a platform for university students to put into practice their theoretical knowledge.

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The News Agency of Nigeria reports that the eight universities that competed were Ahmadu Bello University, Babcock University, Covenant University and Obafemi Awolowo University.

Others were Lagos Business School, University of Abuja, University of Ibadan and University of Lagos.

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