​NSE Awarded Best Initiative in Support of SMEs and the MDGs​
Friday, October 10, ​2014

The Nigerian Stock Exchange on October 9, 2014 won the award for Best Initiative in Support of SMEs and the Millennium Development Goals at this year’s Africa Investor (Ai) Investment and Business Leader Awards. 

The award was announced at the Ai Investment and Business Leader Awards which took place during the Ai CEO Investment Summit at the Ritz Carlton Hotel in Washington DC, alongside the World Bank Annual Meetings. Africa investor hosts the Ai Investment and Business Leader Awards to reward exceptional business practices, economic achievements and investments across the investment spectrum in Africa.

On receiving the award, the Chief Executive Officer, NSE, Mr. Oscar Onyema, OON, reiterated the Exchange’s commitment to providing a platform for sustainable growth and development of the small to mid-sized companies, as they remained the drivers of growth in the African economy. “The NSE is devoted to taking a leading role in creating a more sustainable and inclusive economy for our stakeholders”, he said. 

Onyema maintains that improving access to financial and investment services in Nigeria is an important element of the Nigerian Stock Exchange’s Corporate Responsibility and Sustainability strategy. “As a responsible financial institution, we are particularly focused on ensuring financial inclusion and supporting global partnerships with the aim of addressing Millennium Development Goal 1 and 8.” 

The Exchange re-launched the Alternative Securities Exchange Market ASeM in 2013 to address the funding and management gap experienced by SMEs. The ASeM operates under less stringent listing requirements to accommodate the peculiarities of SME’s compared to larger and more mature companies. Through this platform, the Exchange identifies the Small and Medium Scale Enterprise (SME) segment as an enormous potential to encourage entrepreneurship which in turn creates employment and improve lives of people in our community and the Nigerian economy in general.

In 2013, the Exchange held over 650 free capacity building Investor education workshops aimed to enhancing investor understanding of the basics of capital market investment. Today, over 200,000 retail investors from the grassroots regions of the country are now better equipped to make investment decisions. These initiatives are localized investor education events driven through The Exchange’s 13 branch offices, and mostly targeted at low-end retail investors (students, retail traders, etc).​

Africa investor is a specialist investment and communications group advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Africa investor 40 Investors’ Index, hosts the Ai Index Series Summit & Awards and the Africa investor Infrastructure Projects Summit & Awards, among other events​.