By Dipo Olowookere
The second edition of the popular comic book published by the Nigerian Stock Exchange (NSE), StockTown, has been released.
The material is dedicated to providing financial literacy education to Nigerians. The management of the exchange came up with the book because of the proliferation of dubious investment schemes that often result in loss of money by unsuspecting members of the public.
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.
The book, available in digital format on a dedicated website at www.nse-stocktown.com, builds on the NSE’s advocacy for safe and trusted investment schemes.
According to the Head of Corporate Communications at NSE, Mr Olumide Orojimi, “Investor 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,” he said.
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 its facilities, the NSE continues to host virtual financial literacy workshops with students and young upwardly mobile professionals.
Furthermore, it 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.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
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