NGX Tutors Retiring Military Officers on Personal Finance, Investing
By Aduragbemi Omiyale
Some retiring Nigerian military personnel have been educated on how they can unlock opportunities in the capital market after active service to the nation.
At a seminar held on Thursday, December 7, 2023, at the Nigeria Armed Forces Resettlement Centre in Lagos, the participants were informed of the benefits of diversifying their investments for more earnings. They were also exposed to ways to invest and assess the market with technology, including via the recently launched NGX USSD Code.
The Divisional Head of Business Support Services and General Counsel of the Nigerian Exchange (NGX) Limited, Ms Irene Robinson-Ayanwale, while speaking at the event, noted that the bourse launched its X-Lit initiative to bring the market closer to retail investors of which retiring military officers formed part of.
“That is why we themed this campaign Closer to You as we want to further deepen the pool of retail investors in our market. We will be rolling this out across the country and reaching out to more demographics including youths, market women and others,” she said at the programme themed Soldering Wealth: X-Lit’s Exclusive Insights for the Nigerian Military.
Also, the Head of Capital Markets Business at Africa Prudential Plc, Ms Bukola James-Cole, while addressing newsmen on the sidelines of the event, said her organisation partnered with the NGX to organise the event in the realisation of the importance of democratising investing and enhancing financial literacy.
On his part, the Retail Banking at Zenith Bank Plc, Mr Chinonso Umeh, expressed enthusiasm about collaborating closely with NGX, commending the exchange for its achievements and reiterating Zenith Bank’s commitment to working together to promote financial literacy among retail investors.
Business Post reports that the participating soldiers commended the organisers for the session, stating its timeliness as they were nearing retirement.
Some of the participants won gifts in the form of shares in listed companies for answering questions after the presentations.
The event was put together by the NGX in line with its commitment to further deepen financial literacy and increase the participation of retail investors in the capital market.