The Securities and Exchange Commission (SEC) has held a webinar to educate investors in the Nigerian capital market in understanding the rudiments of investing in difficult times.
The event which held Tuesday had experts in the sector dissect the topic, explaining ways investors can make a profit in this present situation.
It is no news that since the beginning of the year, the global COVID-19 pandemic has affected many businesses as well as economies of the world and the effect of the virus, which is yet to wrap, caused economies of the United Kingdom, France, and others to slip into recession.
Recently, Nigeria’s Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, warned that the country may fall into an economic crisis soon.
As things continue to get harder and the purchasing power of citizens further shrink, it may be tough for capital market investors, who are battling with a double war of rising inflation rate and the declining interest rate on their investments, especially on government debt securities.
Thus, to help investors navigate these issues, the apex capital market regulator came up with an online lecture.
Speakers at the event were Mrs. Tope Omojokun, Mr. Derrick Msibi and Mr. Efiok Efiok.
Omojokun has over 17 years’ experience across Commercial and Corporate Banking, Wealth, and Investment Management. She holds a Bachelor’s Degree in Economics from the Obafemi Awolowo University, Ile-Ife, an MA (Management) from the University of Nottingham and is currently pursuing a Doctoral degree (Ph. D) in Business Administration (Entrepreneurship) at Babcock University. Tope currently serves as President of Fund Managers Association of Nigeria.
She has worked with Access Bank Plc. (formerly Intercontinental Bank Plc.) and later joined E.oN (UK) Limited as a Credit Specialist before proceeding to Asset and Resource Management Company Limited (ARM), where she was a Relationship Manager with the Wealth Management division before joining Investment One Funds Management Limited.
On his part, Msibi is the Chief Executive of STANLIB Asset Management, the investment arm of the Liberty Group, an insurance company listed on the Johannesburg Stock Exchange and a part of the Standard Bank Group.
He is a chartered accountant with degrees in finance and accounting at both bachelors, honours and masters level from the University of Cape Town. He is a holder of the Program for Management Development Certificate from Harvard Business School and a Certificate of Management (a corporate-customized programme) from London Business School.
For Efiok, who joined the SEC in 2002, he holds a degree in Business Management and is an associate of the Chartered Institute of Stockbrokers (CIS), Nigeria. He worked from 2002 to 2008 in the Collective Investment Services Department (now the Investment Management Services Department).
He moved to the Monitoring and Investigation Department, 2008 – 2013, as part of the team undertaking continuous supervision of operations and operational capacity of all registered Capital Market Operators with respect to their registered market functions.
From 2014 to 2016, Efiok served as Head of Fund Management Supervision Division, responsible for continuous supervision of Market intermediaries undertaking Asset management activities and subsequently became the Head of Investment Management Department from 2016 – to date.