The Nigerian Stock Exchange has received the “Corporate Achievement Award to a Financial Institution” at the inaugural annual Financial Literacy Excellence (FILEX) Awards. The award, which was aimed at celebrating and recognising leadership and innovations that promote financial literacy in Nigeria, was presented to the exchange for its annual essay competition and investment education programmes in the capital market.
Speaking at the awards ceremony, Dr. Bola Fajemirokun of DIN Resource Centre said: “The awards celebrate the important work by individuals and organisations aimed at improving knowledge and awareness of financial matters among consumers. Financial literacy can only be achieved through targeted financial education initiatives and these must be grounded in a thorough understanding of the financial behaviours and attitudes of Nigerian consumers.”
Receiving the award, Head, Corporate Services Division, NSE, Mr. Bola Adeeko expressed the Exchange’s appreciation, stating that financial literacy and investor education remain at the core of the corporate social responsibility strategy of the exchange.
“The NSE will continue to ensure that investors and the citizenry are equipped with the right knowledge to enable them take sound investment decisions. One of the major vehicles for this is the annual Essay Competition of the NSE which is in its 16th year. It has inspired over 20,000 young people in over 7,000 secondary schools across Nigeria to showcase what they have learned about financial and capital markets,” he said.
According to him, in 2015 alone, the exchange held over 180 free financial literacy workshops across the federation reaching over 17,000 people. The workshops are aimed at enhancing investor understanding of the basics of capital market investment.