NGX, companions additional advocate monetary literacy for younger Nigerians

Nigerian Change Restricted (NGX) continues to construct on its advocacy of inculcating a tradition of saving and investing in younger Nigerians because it celebrates the 2023 version of World Cash Week (GMW).

The occasion was held on the Change on Tuesday, March 21, 2023 to lift consciousness on the significance of guaranteeing that younger individuals, from an early age, are financially conscious, and are steadily buying the information, abilities, attitudes and behaviours essential to make sound monetary choices and finally obtain monetary well-being and monetary resilience.

NGX, Securities and Change Fee (SEC) and NGX Regulation Restricted (NGX RegCo) partnered the Central Financial institution of Nigeria (CBN) to coach over 100 college students on the theme, “Plan your cash, plant your future”, to additional improve investor schooling and monetary literacy.

In his opening remarks, Jude Chiemeka,


Divisional Head, Capital Markets, NGX, spoke about the necessity to information kids of their childhood in order to be accountable residents sooner or later. He emphasised that decisions they make in the present day may have a major affect on their future.

“We should additionally acknowledge that our particular person monetary well being is intently linked to the well being of the planet and of society as a complete. The alternatives we make about how we earn, spend, save, and make investments our cash can both contribute to or undermine the sustainability of our world. As such, it’s important that all of us undertake a accountable and knowledgeable method to monetary decision-making that considers the affect of our decisions on the environment and society.”

Talking on different NGX-led monetary literacy initiatives, Chiemeka famous that past providing a spread of academic sources, the Change has a comic book e-book collection named NGX StockTown with the purpose of utilizing illustrations to lift the following era leaders who’re financially conscious, accountable and expert financial residents.

The celebration which culminated in a Closing Gong ceremony had the general winners on the quiz session held on the Change shut the market by sounding the gong. They had been additionally gifted shares with the firstprize winner receiving N80,000 price of shares whereas the primary and second runner ups gained N70,000 and N50,000 price of shares respectively.

John Achile, Principal Supervisor, Market Improvement Division, SEC and Abubakar Albasu, Principal Supervisor, Head of Advocacy Workplace, Client Schooling and Analysis Division of Client Safety, CBN, highlighted the significance of market regulation and traders safety. Abimbola Babalola, Head, Market Surveillance and Investigation, NGX RegCo, delivered a presentation on the rudiments of cash and the technicalities of the capital market.

Abdulkareem Kelani, Gross sales Dealer, Meristem Stockbrokers and Mohammed Jamie, Head, Securities Dealing, APT Securities additionally contributed to bettering the scholars’ information capability concerning the inventory market. Different companions at this occasion had been MinieMoney, AIESEC Lagos and Junior Achievement Nigeria (JAN).