Business Hilights
Tracking Nigeria's Headline Business News Online

NSE holds 2017 Global Money Week, assures stakeholders on market information

The Nigerian Stock Exchange (NSE), has held 2017 Global Money Week event with special recognition to students, teachers and participating schools at the yearly meet.

Addressing stakeholders and participants, Pai Gamde, Acting Head, Corporate Services Division at NSE said “The Global Money Week is of strategic importance to both the Nigerian Stock Exchange as an organization and its various stakeholders. It is an excellent opportunity to share with the country’s future leaders tips on how to build a financially savvy future”.

The Global Money Week is an annual global celebration, initiated by Child & Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and youths to learn about money, saving, creating livelihoods, gaining employment and becoming entrepreneurs. It is also aimed at empowering the next generation to be confident, responsible and skilled economic citizens.

He said “The global theme for 2017 is ‘Learn. Earn. Save’, which interestingly is the simple step by step approach to being financially included. To be financially included, you must therefore Learn, Earn, Save, Invest, Save More and Reinvest”.

“As part of our objectives for this year’s celebration, we are emphasizing the importance of youths taking part in clever and cost-careful habits from an early age, while developing key money-managing skills for the future.

“As a sustainable Stock Exchange, we are committed to advancing the UN Sustainable Development Goals (SDGs), one of which is Quality Education for all by 2030 – SDG number 4. “We are playing our part in building a financially savvy generation, by implementing and supporting a number of programmes that contribute to raising the level of financial literacy in Nigeria.

“Notable among these programmes is the NSE Essay Competition, which began in the year 2000. The competition is aimed at bridging the gap between classroom learning and practical knowledge required for long-term personal financial planning. Since inception, the NSE Essay Competition has inspired over 37,000 young people in more than 7,000 schools across Nigeria to showcase what they have learnt about the financial market.

Gamde added that the outstanding performance of these brilliant young minds are recognized d rewarded with equity investments, scholarship funds and computers. The exceptional schools that produced the top 3 winners also receive prizes such as computers and printers. This year I urge you to send in your entries as you can learn through the process plus there are wonderful prizes to be won.

“Our other financial literacy initiatives include school excursions to the Exchange, NSE

Adopt-A-School initiative, school outreach programmes, financial literacy workshops and of course platforms such as the Global Money Week.

Through these initiatives, we have been able to promote financial literacy among young

Nigerians, by encouraging them to learn how good financial decisions can better their lives now and in the future, and ultimately grow the economy.

The impact of our various initiatives is commendable as the Exchange has been recognized for its achievements in promoting financial literacy. The Nigerian Stock

Exchange is a recipient of the “Corporate Achievement Award to a Financial Institution” at the inaugural annual Financial Literacy Excellence (FILEX) Awards, for promoting financial literacy in Nigeria.

“Today, we continue to evolve to meet the needs of our valued investors, and to achieve the highest level of competitiveness. With about 247 listed securities, The Exchange operates fair, orderly and transparent markets that bring together the best of African enterprises, and approximately 5 million investors from around the world. You will get additional information on the Exchange during the discussion with Mr. Abimbola Babalola.

At this juncture, permit me to acknowledge the role of our partners, FBN Holdings,

Access Bank and AIESEC Nigeria in organising the 2017 Global Money Week. We value your contributions and look forward to an even greater support in 2018.

While reminding the students that they are the agents of transformation, he charged told that “the best way to predict your future is to create it.”

“With hard work, smart work, honesty and dedication you can be the best you want to be in any chosen profession or career path you choose.