Financial Literacy: NSE Mulls More Products to Help Investors Make Adequate Decisions

On Friday, October 4, 2019, the Nigerian Stock Exchange (NSE) joined the World Federation of Exchanges (WFE) and International Organization of Securities Commissions (IOSCO) for the inaugural Ring the Bell for Financial Literacy initiative, using its Closing Gong ceremony to further draw attention to the importance of financial literacy.

The closing gong ceremony took place at the exchange in Lagos and was part of World Investor Week (WIW), which took place from Monday, September 30 to Friday, October 4, 2019.

Speaking during the event, Mr Jude Chiemeka, Divisional Head, Trading Business at the NSE stated that, “The exchange has been intentional about promoting financial literacy in the capital market and we are glad to have added another awareness initiative to our agenda by joining over thirty exchanges around the world to ring the bell for financial literacy.

“At the NSE, we continue to match our innovative products and services with significant investment in resources to advance investor education through various platforms such as product specific trainings and workshops including dedicated investor education programs facilitated by the NSE X-Academy, the NSE’s capacity development platform.

“In addition, we implement initiatives targeted at children and youths aimed at building a financially savvy generation such as the commemoration of Global Money Week, excursions to the Exchange under our X-Tours programme and the annual NSE Essay Completion. We are currently receiving entries for the 2019 edition of the NSE Essay Competition.”

He assured that the exchange will continue to create product offerings that promote diversity in investment, manage risk and make the investment knowledge readily available to consumers to make adequate investment decisions.

The World Investor Week (WIW) is a week-long, global campaign promoted by IOSCO to raise awareness about the importance of investor education and protection, and to highlight the various initiatives implemented by securities regulators in these two critical areas.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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