Technology will enhance investors’ participation – NGX
THE Nigerian Exchange Limited (NGX) has said that leveraging technology would enable an increase in investors’ participation in the capital market.
The divisional head, Trading Business, at the Exchange, Jude Chiemaka, made the submission on Tuesday, March 21 during an interview with ARISE TV, while responding to a question on the Global Money Week, which held on Monday, March 20.
The Global Money Week, an educational programme, is aimed at enhancing financial literacy in children and youths, while driving financial inclusion.
“The global money week is an opportunity to amplify the various works we do around financial literacy, financial inclusion,” Chiamaka said, adding, “Technology will continue to be the gateway to increase investors participation.”
He explained that the Exchange had taken the event to the level where it could address the importance of savings and investing.
He cautioned that investing in stocks was not so much about making money quickly, but about being careful and concerned about the environment in order to make good investment.
“As you are opening your investment account, it is tied to your bank account. When dividends is paid, it is automatically credited into your account. When you sell your shares it is credited into your account. So the risk of fraud is reduced,” Chiamaka added.