NSE to roll out measures encouraging retail investors’ participation

Nigerian Stock Exchange is set to roll out measures directed at encouraging retail investor involvement in the capital market.

The Divisional Head Trading Business, NSE, Mr Jude Chiemeka who disclosed this in Lagos at the NSE retail investors Coverage said currently there are about 3 million retail investors in the Nigerian Capital Market, representing only 3 percent of the total adult population in the country.

According to him “The Exchange recognizes the need to improve investor participation, and is leveraging recent Capital Market Initiatives such as the Tiered KYC requirements for capital market investments, as well as promoting the introduction of globally competitive investment products with low entry thresholds, to achieve Financial Inclusion goals.”

He said that these initiatives have begun to yield positive results as the market has in recent times witnessed an upturn in retail investor participation, adding that market data from 2019 shows that retail investors outperformed institutional investors by 8 percent in January, and again by 2 percent in March 2019.

Chiemeka who represented the chief executive officer of the NSE, Oscar Onyema said Over the next few years, various investment workshops will be held across the country, starting with this one in Lagos, noting that Investors can look forward to regular engagements targeted at promoting Financial Literacy, building investor confidence, as well as the introduction of innovative and technology driven solutions to stimulate investor participation. 

The workshop , he said would bring to the fore a bouquet of products and services tailored to cater to different investment and risk appetites, and I believe that the learnings garnered from this workshop will create a better understanding of the opportunities in our market.

Speaking on the theme tagged “Investment Masterclass; Making your money work” he said NSE organised the workshop  to provide vital and strategic information targeted at equipping existing and prospective investors with useful skills to effectively manage and grow financial resources at their disposal, as well as present retail Investment opportunities available in the Capital Market.

He said Nigeria has a population of over 190 million people and is the second largest economy in Africa, adding that the current Financial Inclusion indices of 48 percent leave much to be desired. 

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