By Nosa Alekhuogie
The Nigerian Stock Exchange (NSE) has unveiled a Corporate learning institution, called the X-Academy. It is designed to provide education services to individuals who want to gain a better understanding of various aspects of the capital markets.
The launch of the X-Academy, a knowledge-platform, which offers a wide range of courses geared towards bridging the knowledge gap of dealing members, issuers, investors and the general public about products and services of the capital market took place at the Corporate Head office of the NSE in Lagos.
Â TheÂ establishmentÂ ofÂ X-AcademyÂ isÂ consistentÂ withÂ TheÂ Exchangeâ€™sÂ traditionÂ ofÂ pioneeringÂ far-reaching innovations within the Nigerian capital market. It also feeds directly into the National Financial Inclusion Strategy (NFIS),Â whichÂ wasÂ launchedÂ byÂ theÂ federalÂ governmentÂ inÂ 2012Â toÂ reduceÂ theÂ numberÂ ofÂ adult Nigerians who are financially excluded, from 46.3 per cent in 2010 to 20 per cent in 2020.
The Chief Executive Officer, NSE, Mr. Oscar N. Onyema, during a media session, noted that the training programmes at X-Academy will provide individuals and businesses with a robust and effective array of training solutions that will ensure participants are abreast with trends in the rapidly evolving financial markets.
He stated: â€œThis is mainly for individuals who want a better understanding of the Capital Market. As a socially responsible organisation devoted to enhancing the fortunes of Nigerians and our investors, we are confident that participants of programmes offered by X-Academy will be better positioned to make informed financial decisions.â€
Furthermore, he explained that the X-Academy will offer programmes built around six broad themes, which include: Listings and Trading on the NSE, Products of the NSE, Market Data and Technology, Financial Education, Corporate Governance, and Risk Management and Compliance.Â The first training fromÂ the X-Academy,Â titled LegalÂ andÂ RiskÂ Aspects of Derivatives and Central Counterparty Clearing (CCP) Transactions, is scheduled to hold from 12th â€“ 15th June 2017 at the Civic Center, Lagos.
The acting Head, Corporate Services Division, Ms. Pai Gamde, who also shed some light on the programme stated that â€œX-Academy is a crucial step to enhancing financial literacy levels in Nigeria and equipping professionals with requisite skill sets to deliver innovative solutions for the challenges confronting our financial sector.â€
â€œThe programmes offered byÂ X AcademyÂ willÂ beÂ facilitatedÂ byÂ seasonedÂ andÂ certifiedÂ subjectÂ matterÂ expertsÂ withÂ bothÂ localÂ and international exposure to practical experience. Partnerships with professional bodies to ensure that courses taken at X-Academy are award points under the Continuous Development Programmes of these bodies.â€
Â â€œThis initiative could not have come at a better time when the market is beginning to recover from the waning investorsâ€™ confidence. The Exchange has taken into great consideration the state of the economy as well as income levels to make these programmes affordable to Nigeriansâ€, she added.