NSE: Capital Market Still Strong Despite Recession

The Nigerian Stock Exchange (NSE) has advised workers in the country to invest in stocks despite the current economic recession.

Addressing participants at a two-day workshop on ‘Financial Planning -The Stock Market Option,’organised by the Benue state government in conjunction with the NSE, the Senior Manager of the Exchange, Mr. Oliver Achugbue said numerous measure had been put in place to prevent a re-occurrence of the crash.

Achugbue said: “Our rules have been strengthened, enforcement is assured and compliance is non-negotiable. We encourage those investors who left the market during the 2008-2010 crises to return.

“I want to assure willing investors that the market has gotten to the level it can no longer fall, as a member of the World Federation of Stock Exchanges, WFSE, all rules and regulation are strictly adhered to in line with global guiding practices.”

Declaring the workshop open, the Benue state Commissioner of Finance, Mr. David Olofu, said the training was intended to assist Benue state civil servants better appreciate the Nigerian Stock and its investment opportunities.

Olofu assured that despite the current economic challenges the government was committed to paying the salaries, pensions and gratuities of its serving and retired workers to enable them take advance of the capital market to invest.

“This training will also help them learn how to find the right balance of spending and saving from their hard earnings that could help them grow their money for tomorrow'” the Commissioner added.