NSE launches X-Academy, set to increase financial inclusion to 20% by 2020

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[Lagos]–The Nigerian Stock Exchange (NSE) has launched an educational programme called X-Academy, a knowledge-platform designed to provide education services to individuals who want to gain a better understanding of various aspects of the capital markets.

This was made known at the launch in Lagos, where the Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, said the establishment of X-Academy was consistent with the Exchange’s tradition of pioneering far-reaching innovations within the  capital market.

According to him , the X-Academy will offer courses geared towards bridging the knowledge gap of dealing members, issuers, investors and the general public about products and services of the capital market.

He further noted that the initiative would help in realising the National Financial Inclusion Strategy (NFIS), launched by the Federal Government in 2012, to reduce the number of adult Nigerians who are financially excluded from 46.3 per cent in 2010 to 20 per cent in 2020.

“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,” Onyema said.

Acting Head, Corporate Services, NSE, Ms Pai Gamde, described the X-Academy as a crucial step to enhancing financial literacy levels in Nigeria and equipping professionals with requisite skill sets to deliver innovative solutions.

She explained that the programmes to be offered by X-Academy will be facilitated by seasoned and certified subject matter experts with both local and international exposure to practical experience, adding that the Exchange is working on partnerships with professional bodies to ensure that courses taken at X-Academy are award points under the Continuous Development Programmes of various bodies.

“This initiative could not have come at a better time when the market is beginning to recover from the waning investors’ confidence. The Exchange has taken into great consideration the state of the economy as well as income levels to make these programmes affordable to Nigerians,” Gamde said.

In 2017, X-Academy will offer programmes built around six broad themes including listings and trading on the NSE, products of the nse, market data and technology, financial education, corporate governance, and risk management and compliance, The Nation reports.

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