NSE Promotes Smart Investing to Mark World Investor Week

By Dipo Olowookere

The Nigerian Stock Exchange (NSE) has joined the campaign to raise awareness on the importance of investor education and protection, and highlight the various initiatives of securities regulators in these two critical areas.

This is in commemoration of the World Investor Week (WIW) 2020 from Monday, October 5 to Friday, October 9, 2020.

The local exchange will join other members of the International Organisation of Securities Commission (IOSCO) to mark the week by promoting smart investing and amplify the opportunities for retail investor participation in Nigeria’s capital market.

A statement issued by the bourse said activities lined up include an awareness programme across its social media platforms on NSE’s retail-focused products and services; trivia contests to reward winners with investments in available products; and virtual engagements with leading financial experts to drive the conversation about financial literacy. These activities will culminate in a virtual ring the bell for financial literacy.

“Financial inclusion is a priority for stakeholders in the capital market and the exchange makes it a primary concern to contribute towards the achievement of Nigeria’s National Financial Inclusion Strategy of reducing the proportion of adult Nigerians that are financially excluded to 20 per cent in the year 2020,” the CEO of the NSE, Mr Oscar Onyema, said.

He said further that, “We recognise that the ability to make well-informed financial decisions plays an important part in the ability of individuals to properly manage their financial affair​s, a factor that can have either a negative or positive ripple effect on the economy.”

“At the NSE, we are, therefore, excited to once again be a part of WIW 2020 and remain committed to promoting financial literacy in the capital market,” the NSE chief concluded.

As a member of IOSCO, the exchange continues to implement and support initiatives that encourage the wider investing public to develop sustainable investment habits.