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Millennials and future of the Nigerian Stock Exchange


Nigerian Stock Exchange (NSE). Photo: TWITTER/OSCARNONYEAMA
An article by Helen Oji published recently by The Guardian newspaper expressed concern about the future of the Nigerian stock market in the face of waning interest from millennials who are increasingly turning to alternative investment options in micro-finance, fintech, and cryptocurrencies.
Stakeholders are reportedly worried about losing market patronage on the exit of the older generation, who thus far form the largest segment of investors.
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This article piqued my interest and mirrored the outlook of millennial investors I had interacted with in the past who laughed and sighed when I suggested the Nigerian stock exchange as a viable investment option. What I found most concerning was the stark contrast between young Nigerian investors and my colleagues from business school in the UK, who have constantly badgered me to scout investment opportunities for them in Nigeri ....

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