Succession planning is not merely a corporate formality; it is a strategic necessity. It’s the art of preparing for the future while safeguarding the present, ensuring that the organisation’s journey remains uninterrupted, and its legacy endures. From identifying emerging leaders to navigating the intricate web of legal and regulatory considerations, succession planning is the backbone of corporate resilience and longevity.
For banks to remain relevant in the new world ushered by technology, deep foresight would have to be employed to keep them in use, to avoid being overridden by artificial intelligence. The marriage between technology and money is inevitable in our current world.
Recent developments in the Nigerian music industry especially in relation to the circumstances surrounding the death of Mohbad, a Nigerian music artiste and songwriter who was formerly signed under Marlian Records (Record label) have raised concerns about some record labels engaging in exploitative practices and even criminal activities under the guise of record labels.
The Central Bank of Nigeria (CBN) has officially embraced a free float policy for the naira. This move signifies that the government or monetary authority, such as the CBN, will no longer intervene in determining exchange rates.