Education Knowledge | |
Education Knowledge | |
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Wednesday, July
15, 2020 / 02:53 PM / by NSE / Header Image Credit: Twitter; @nsenigeria
The proliferation of dubious investment schemes that
often result in loss of money by unsuspecting members of the public continues
to make the role of financial literacy imperative. To play its part, Nigeria's
leading bourse, The Nigerian Stock Exchange (NSE or The Exchange) has issued
the second edition of its comic, StockTown, dedicated to providing financial
literacy education to Nigerians.
The comic, available in digital format on a dedicated
website at www.nse-stocktown.com
builds on The Exchange's advocacy for safe and trusted investment schemes.
The story picks up from the first edition, following
the life of Mora Johnson as she seeks to liberate her family from their
financial struggles by investing in the capital market. This second edition
highlights some major lessons for potential and existing investors including
the need for vigilance in avoiding Ponzi schemes and unregulated investments,
whilst advising prospective investors to seek proper guidance before making
investment decisions. Readers can look forward to a simplified explanation of
the history of the capital market, its evolution over the years, and how anyone
can start making investments today in the Frequently Asked Questions (FAQs)
section of StockTown.
Commenting on the importance of this comic book, Head,
Corporate Communications, NSE, Olumide Orojimi said, “"Education is a
priority for us at The Exchange. We have identified the need to empower
individuals across all levels to make good financial decisions and better their
lives now and in the future. As the investment landscape continues to evolve to
accommodate more retail participants, we are excited to leverage new and
existing platforms to present investment products and processes in ways that
are both appealing and easy to understand, particularly in this new normal. We
hope that StockTown becomes a widely-read resource for potential and existing
investors, the financially excluded, millennials and the larger public."
StockTown is just one of the many ways NSE demonstrates
its strong commitment to promoting financial literacy in Nigeria. Even amidst
the Coronavirus pandemic and the temporary closure of The Exchange's
facilities, NSE continues to host virtual financial literacy workshops with
students and young upwardly mobile professionals. Furthermore, The Exchange has
hosted several webinars on various products including Exchange Traded Funds
(ETFs), Green Bonds, and Securities Lending to provide more information to the
market on available securities and how to trade them.
It should also be recalled that NSE is a member of the
Financial Literacy Technical Committee of the Securities and Exchange
Commission (SEC); as well as the National Finance Inclusion Steering Committee
led by the Central Bank of Nigeria with a mandate to reduce the level of
financial exclusion in Nigeria to 20%.
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