NGX Engages Military Offficers, Retirees On Personal Finance, Investments
BY CHINYERE OBIORA, LAGOS – To further deepen financial literacy and increase the participation of retail investors in the capital market, Nigerian Exchange Limited (NGX), in collaboration with Zenith Bank and supported by Africa Prudential, has taken its financial literacy initiative, X-Lit to the Army Barracks.
With the theme; “Soldering Wealth: X-Lit’s Exclusive Insights for the Nigerian Military”, the session took place recently at the Nigeria Armed Forces Resettlement Centre.
Topics treated bordered around investing, and accessing the market with technology, including the recently launched NGX USSD Code.
NGX’s Divisional Head, Business Support Services and General Counsel, Dr Irene Robinson-Ayanwale, who highlighted the significance of the event, Head, Business Support Services and General Counsel, NGX, noted that NGX launched the X-Lit initiative to bring the market closer to retail investors of which retiring military officers formed part of the targetted audience.
“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”, Robinson-Ayanwale said.
Also speaking on the sidelines of the event, Head of Capital Markets Business, Africa Prudential Plc, Bukola James-Cole, said the company, in the realisation of the importance of democratising investing and enhancing financial literacy, partnered with NGX on the initiative.
On his part, the Head of Retail Banking at Zenith Bank Plc, Chinonso Umeh, who was excited about the collaboration with NGX, commended the Exchange for its achievements and reiterated Zenith Bank’s commitment to working together to promote financial literacy among the retail investors.
Participating soldiers commended NGX, Africa Prudential, and Zenith Bank for organizing 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.
