NGX Lists Diversification Prospects In Nigeria’s Capital Market

Nigerian Exchange Limited (NGX) held its Retail Investor Workshop on Tuesday, November 16, 2021, where it highlighted the various opportunities available to investors to diversify their portfolios.

Speaking at the webinar tagged ‘Creating an Investment Portfolio That Works in a Post-COVID Era’, Divisional Head, Trading Business, NGX, Jude Chiemeka noted that “the advent of the COVID-19 global pandemic, amongst several important lessons, emphasized the need for individuals to have alternative sources of income other than salaries or profits from businesses.”

According to him, “in the post-pandemic era, people are faced daily with the problem of finding credible investment platforms to grow their wealth. This problem is even further complicated by the proliferation of Ponzi schemes promising high and unrealistic returns, hence the need for investors’ education. At NGX, we therefore continue to prioritise investor education to ensure that investors understand capital market investments and mechanisms, as only then will they be empowered to make sound investment decisions.”

Chiemeka stressed that as a multi-asset Exchange, NGX has various products like equities, fixed incomes, Exchange Traded Fund (ETFs) and derivatives for every investor regardless of what their investment goals, risk appetite or return expectations may be.

The webinar featured two presentations by Joshua Olutola, Senior Equity Trader, ARM Securities Limited, who spoke on the theme: Building Your Own Portfolio; while “Opportunities for Diversification in Nigeria’s Capital Market,” was treated by the Head, Secondary Markets, NGX, Franklin Nwaubani.

Over the years, NGX said in a statement that it has shown relentless commitment in deepening retail participation in the capital market by organizing various investors’ education programs to equip existing and potential investors with adequate knowledge and skills to effectively manage and grow their financial resources. These efforts, it added, received a boost with the recently launched X-Mobile app. The dynamic and user-friendly mobile app was designed to enhance investors’ participation in the Nigerian capital market.

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