Aduragbemi Omiyale
By Aduragbemi Omiyale
Over a hundred scholars from the Nigerian Higher Education Foundation (NHEF) have been tutored on sustainable finance and investing by the Nigerian Exchange (NGX) Limited.
This is part of the bourse’s financial literacy initiative, X-Lit, to increase young investors’ participation in responsible investing within the capital market.
At a seminar on Tuesday in Lagos, the Head of Secondary Market at NGX, Mr Abimbola Babalola, emphasized the benefits of securities to investors in the Nigerian capital market.
He noted that, “Investing in securities provides a unique opportunity for wealth creation and financial growth. Our goal is to demystify the process and equip you with the knowledge to make informed investment decisions.”
Mr Babalola provided insights into the intricacies of investing and the rules guiding investments in the capital market, highlighting the significance of due diligence, understanding market trends, and the role of regulatory bodies in ensuring market integrity.
He also shared success stories of young investors who started small and gradually built substantial portfolios, inspiring the students to consider long-term investment strategies.
Representatives from United Capital Securities highlighted how the students can access the market with technology to key into the opportunity provided by the ongoing banking recapitalization efforts. They also emphasized the importance of taking a longer-term view to investing in the market.
Expressing gratitude to the NGX on the programme, the Executive Director of NHEF, Ms Clair Jemide, said the event was an opportunity for the scholars to observe the practical application of their classroom learning and promised that the foundation would visit the exchange again in the future.
Also, participating scholars commended NGX for organizing the session, leaving them better equipped to navigate the financial landscape.
Business Post reports that the session covered various aspects of sustainable investing and market access, providing the scholars with valuable knowledge and practical tools.
Topics bordered around understanding the basics of ESG investing, the importance of diversification, how to analyse investment opportunities, and the impact of global sustainability trends on local markets. The interactive format allowed students to engage directly with experts and ask questions.
Additionally, the scholars had the opportunity to tour the NGX trading floor, witnessing how trading sessions are conducted and gaining firsthand experience of the market’s operations.
