As a responsible corporate citizen, The Nigerian Stock Exchange seeks to contribute positively to the communities it operates in by supporting local initiatives with a lasting and meaningful impact in the three areas of education and enterprise, health and wellbeing and the environment. Going beyond corporate philanthropy, The NSE supports long-term community investment by establishing community partnerships and encouraging employees to participate in volunteer work.
A. Education & Enterprise
Financial Literacy Programmes: The Nigerian Stock Exchange is committed to supporting efforts aimed at addressing financial literacy and empowerment; this commitment is expressed in the various financial inclusion and literacy initiatives undertaken by the Exchange. In 2015, The NSE conducted over 172 programmes across Nigeria, including school outreach sessions, seminars and workshops to educate investors, market participants and the general public about responsible investing and sustainable capital formation to reach about 15,000 people.
Essay Competition: Since inception in year 2000, the NSE Essay Competition has inspired over 37,000 young people in more than 7,000 schools across Nigeria to showcase what they have learned about the financial market. The Competition is aimed at bridging the gap between classroom learning and practical knowledge required for long-term personal financial planning. The competition’s overall goal is to develop a culture of wealth creation amongst our youth – “Building a Financially Savvy Generation”. 2016 Awards Ceremony in pictures
Global Money Week: Every year, The Nigerian Stock Exchange (NSE) commemorates the Global Money Week by hosting series of educational programmes designed to engage children in learning how money works, saving, investing, creating livelihood, gaining employment and entrepreneurship.
The week’s activities include sounding of the Opening Gong, excursions to the trading floor, interactive session with NSE’s CEO, financial literacy fair and school outreach programmes. Between 2014 and 2016, The Exchange was able to directly reach over 3033 students and pupils from over 44 secondary and primary schools with an indirect effect on over 6,000 young people across its operating environment. 2016 Global Money Week celebration
Adopt – A- School Initiative: The NSE recognizes that the education sector in Nigeria has suffered severe neglect in the past, which led to a general decline in our standard of education. Therefore, to build a pipeline of future leaders who can serve country and companies, the NSE initiated the “Adopt-A-School” initiative, which was launched with the commissioning of a Learning and Development Centre donated to Oke-Odo Junior College, Abule-Egba, Lagos.
The initiative is aimed at addressing the challenges experienced by schools in Nigeria through facility and process improvement, teachers’ empowerment, and students’ intellectual advancement. This is implemented through a structured approach of facility and process improvement, empowerment of teachers and the advancement of students’ intellectual capacity. Read more
B. Health & Wellbeing
NSE Corporate Challenge: This is an annual competitive and fun-filled 5 kilometre walk, run and jog competition aimed at increasing awareness for the fight against cancer in Nigeria as well as promoting company pride, teamwork, corporate wellness and networking.
The third edition of the NSE Corporate Challenge which held on Saturday, May 14, 2016 at the Muri Okunola Park, Lagos, Nigeria had in attendance over 700 participants from listed companies, dealing member firms, non-listed companies and individuals from the general public.
Funds raised from this initiative will be channeled to the purchase of Mobile Cancer Centres across Nigeria. Read more
Executive Health Enlightenment Scheme (EHES) programme: Leveraging the World Health Day, the Exchange organizes an annual event around topical key health issue that highlights the significance of the issue for good health and well-being. This unique event offers health enlightenment programmes to stakeholders in a fun-filled but pragmatic way that underscores the importance of health as a wealth-inspiring asset.
Events around this Health Enlightenment Programme includes health awareness talk-shop, free health screening exercise for internal and external stakeholders and medical missions in the operating environment of the NSE.
C. The Environment
To minimize the impact of its activities on the environment, The NSE considers it important to increase efficiency and reduce waste, to recycle where possible and to minimize natural resource use. The exchange is continually improving its environmental management practices and measures, educating employees to adopt environmentally responsible behaviour and promoting these same practices in its supply chain and marketplace.
To reduce its waste and impact on the environment, the NSE has established a Workplace Recycling Initiative to ensure safe and reliable disposal and recycling of waste generated on its premises. This initiative is implemented in partnership with the Lagos State Waste Management Authority (LAWMA) and it involves the installation of recycling bins within the NSE building and it involves the installation of recycling bins within the NSE building. The NSE currently recycles cans, glass and plastics, which make up 8% of its total waste.
Energy Efficiency Programme
In 2014, The Nigerian Stock Exchange (NSE) offered its Head Office as a template for high-rise energy efficiency building in Nigeria. This initiative was pioneered in partnership with Omatek Ventures.
As part of the process, all the fluorescent tubes and 250watts lighting fittings on the trading floor of the NSE were replaced with 19watts tubes without dropping the illumination level on the floor. This was also replicated across the entire building by deploying 36watts LED lights to replace all existing 80watts modular fittings in the NSE. This has resulted in:
• 70% drop in lighting load reduction.
• 20% overall energy savings.
• No more replacement of fluorescent tubes, starters and chokes
• The elimination of fire risk as there are no chokes
• The elimination of individual UPS and transfer of electrical load of all 23 floors to the central 20Kva UPS.
In 2015, we also implemented a power saving policy to reduce our carbon footprint, saving a total of 1,392,717 kilowatts from July to December.