The Nigerian Stock Exchange (NSE) on Wednesday announced the publication of the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
A statement by the NSE said the book is available in both print and digital formats, while readers can download the book on the NSE website: http://www.nse-stocktown.com.
StockTown makes use of illustrated characters’ stories to educate readers of all ages about the importance of savings and investment. In its first issue, readers are introduced to Mora Johnson and her middle-class family who are experiencing financial hardship that pushes Mora to want to learn more about investment and financial independence.
Commenting on the comic book, Oscar Onyema, OON, Chief Executive Officer, NSE said, “StockTown is the product of a passionate idea long held by the Exchange to empower individuals across all levels to make good financial decisions and better their lives now and in the future. In a drastically evolving financial landscape, The Exchange continues to find new ways to communicate the ideas of saving and investment using products available on its platform. We hope this comic, which demonstrates the idea of buy and selling securities in simple terms, can crowd-in the financially excluded, millennials and all lovers of comics.”
The launch of StockTown builds on the Exchange’s strong commitment to promoting financial literacy in Nigeria.
Annually, the NSE implements initiatives targeted at children and youth, aimed at building a financially savvy generation. It commemorates Global Money Week by hosting a workshop for youth at its offices and conducting outreach programmes in cities where it operates. In 2019, it said it reached over 60,000 youth during the weeklong programme.
Consistently, the statement said, the NSE hosts secondary schools, undergraduates and young upwardly mobile professionals to X-Tours, a financial literacy workshop that culminates in a tour of the trading floor and meeting with Stockbrokers.
“Through these channels, NSE is making significant contributions to reducing the level of financial exclusion in Nigeria to 20% in line with its mandate as a member of the National Finance Inclusion Steering Committee led by the Central Bank of Nigeria. The NSE is also a member of the Financial Literacy Technical Committee of the Securities and Exchange Commission,” the statement said.