The Nigerian Exchange Limited (NGX) says there are various opportunities available to investors to diversify their portfolios in the Nigerian capital market.
Speaking at the a virtual conference with the theme: ‘Creating an Investment Portfolio That Works in a Post-COVID Era’, Divisional Head, Trading Business, NGX, Jude Chiemeka said 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.
“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.” He stated.
Chiemeka further noted 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 the first with the theme: “Building Your Own Portfolio” which was delivered by Joshua Olutola, Senior Equity Trader, ARM Securities Limited. Taking participants through the topic, Opportunities for Diversification in Nigeria’s Capital Market was the Head, Secondary Markets, NGX, Mr. Franklin Nwaubani while the Head, Retail Investor Coverage, NGX, Mr. Olumide Orojimi, made the closing remarks at the event.
Over the years, NGX 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 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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