NGX RegCo: Stock market literacy can secure women’s financial future

NGX Regulation Limited (NGX RegCo), the regulatory arm of the Nigerian Exchange Group (NGX), says stock market literacy has the ability to secure women’s financial future.

Robinson-Ayanwale, head, business support service and general counsel of NGX, spoke at the launch of the ‘EquipHER’ initiative at the NGX headquarters in Lagos.

NGX RegCo: Stock market literacy can secure women’s financial future

According to NGX in a statement on Monday, Robinson-Ayanwale said educating women about the stock market is a powerful tool for achieving financial security.

“It is not just about growing wealth; it is about ensuring that women have the knowledge and confidence to secure their financial future,” she said. 

“EquipHER was strategically designed to catalyse substantial change by promoting enhanced participation and presence of women in the Nigerian capital market.

“This theme, ‘Financial literary and Inclusion For Women’s Economic Growth’ is apt because despite constituting 50 percent of the population, women are underrepresented in the capital market.”

Also speaking at the event, Elizabeth Ebi, the first female stockbroker licensed on the Nigerian exchange, dismissed notions of the age barrier in the stock market.

“There is nothing like Gen Z, millennials, we are all investors and we all want to build wealth. The first thing is to identify your broker who should be a person of integrity, a professional and who has a long standing in the market because you want good returns, you want your money to grow,” she said. 

“There is always room for everyone in the market. There are stocks that you can invest in and you have returns in months. Equities have staggered financial year ends; some years end in May, some in December, and some in June.”

Ebi said female investors interested in crypto can also speak to their advisors to be advised on how to avoid losing their money.

On her part, Emizino Daniel Afiegbe, business development and relationship management executive, Women’s World Banking said empowering women to take advantage of investment opportunities has become imperative.

She said this is because reports reveal that 750 million women are financially excluded globally while 250 million financially included women have remained inactive.