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NSE marks World Investor Week as Onyema comments on financial inclusion

BY David Oladele

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CEO of NSE, Oscar Onyema
CEO of NSE, Oscar Onyema
The Nigerian Stock Exchange (NSE) has disclosed that it has joined the International Organisation of Securities Commission (IOSCO) to celebrate World Investor Week (WIW) 2020 from Monday, 5 October – Friday, 9 October.

The NSE, in a statement released on its official website,  the CEO of the organization, Mr. Oscar N. Onyema said financial inclusion is a priority for stakeholders in the capital market.

Onyema also said 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 percent in the year 2020

Read the full statement below:

The Nigerian Stock Exchange (NSE or The Exchange) will join International Organisation of Securities Commission (IOSCO) to celebrate World Investor Week (WIW) 2020 from Monday, 5 October 2020 – Friday, 9 October 2020.

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

The exchange will embark on a fully virtual campaign to further promote smart investing and amplify the opportunities for retail investor participation in Nigeria’s capital market. 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.

Speaking on the importance of WIW, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, OON noted, “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 percent in the year 2020.

“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 affairs, a factor that can have either a negative or a 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.”

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

These efforts include the introduction of innovative products and services, execution of product-specific training and workshops, the commemoration of Global Money Week, excursions to The Exchange under the X-Tours programme, and the annual national NSE Essay Competition.

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