It is believed that the capital market in Nigeria can attain the feat of the Sports Betting Industry in Nigeria. Therefore, in order to achieve this and attract both the youths and lower-class population to adopt an investment-lifestyle, the Nigerian Stock Exchange (NSE) held a three-day programme to enhance reportage of the securities market.
The NSE programme themed, ‘Capital Market Uncovered’, was held for media practitioners in online, TV and newspaper. Journalists were taught how to identify essential information in company statements that interest experienced investors and prospective investors, as well as how to make the stock market more appealing to the youth and eliminate confusion that surrounds the capital market.
Participating media practitioners were urged to ensure adequate reporting of the financial activities on the NSE, as it determines the growth of the capital market. Six lectures were held in the course of the three-days program which took place at Park Inn by Radisson Blu, Abeokuta, Ogun State. It was held from October 11-13, 2019.
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The first lecture was centered on ‘Understanding Emerging Capital Market Products (Equities, ETFs, Fixed Income, Green Bonds etc)’. It was taught by the Head of Secondary Market at NSE, Oluwatoyin Alake.
Lecture two was based on how to ‘Interpret Market Data & Market Surveillance’. This session was handled by the Head of Surveillance for NSE, Abimbola Babalola. The third lecture was taught by Olisa Egbunike, the Chief Executive Officer, Renaissance Media. He spoke on ‘Reporting the Capital Market Objectively: A Critical Self-Examination‘.
Meanwhile, the Managing Partner of TQM Capital Limited, Bayo Ogunnusi, taught the journalists on the ‘Best Practices/Ethics In Financial Reporting/Financial Reporting Analysis’. Also, the Publisher of ScrollReport, Janet Uba Afolabi, lectured the media practitioners on ‘Storytelling – The Art of World-class reporting”.
Ending the lecture series was Toyin Naiwo-Ojudun, the Managing Director and CEO of HRTOOLS, who spoke on ‘Digitisation and the new world of reporting’. Apart from these key speakers, the Head of Corporate Communications of NSE, Olumide Orojimi, was also a contributor to the lecture series.
The lecture series was organised to uncover vital areas in the capital market that could drive its growth. It was implied that the stock market could become as popular as the sports betting industry in Nigeria if the youths and lower class were better informed about the stock market.
Why this matter: Buying shares of companies on the stock market is like placing a bet on your favourite team. However, while sports betting is short-term, the stock market offers both short-term and long-term options. Also, it offers other investment options from Equities, ETFs, Fixed Income, to Green Bonds.
Just like online sport betting companies, there are online investment platforms that allow you buy shares of MTN Nigeria, GTBank, Nestle, Dangote Sugar, Airtel and more companies within ten minutes. Buying shares on the NSE is often a lifetime investment that serves you after retirement unlike sports betting.
Note: The NSE offers listing and trading services, licensing services, market data solutions, ancillary technology services and more. NSE is regulated by the Securities and Exchange Commission (SEC) of Nigeria.