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Nigeria observes World Investor Week 2020

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

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

In a statement on Tuesday, 6 October 2020, the NSE said, in Lagos, that it would 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,” it said.

Speaking on the importance of WIW, the Chief Executive Officer of NSE, Oscar Onyema, noted, “Financial inclusion is a priority for stakeholders in the capital market and the [NSE] 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 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.”

It added that as a member of IOSCO, the NSE 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 trainings and workshops, commemoration of Global Money Week, excursions to the [NSE] under the X-Tours programme, and the annual national NSE essay competition,” it added.

-APA

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