NSE launches mobile app to boost investors’ participation

NSE launches mobile app to boost investors’ participation

alsoThe Nigerian Stock Exchange, NSE, is launching X-Mobile, a dynamic and user-friendly mobile app. They’re also doing this to enhance investors’ participation in the Nigerian capital market.

X-Mobile is designed to provide market participants; especially retail investors; convenient; faster; as well as real-time access to The Exchange’s activities.

It features market snapshots, stock prices, market analytics, financial news, also dealing members directory and trade simulation.

With X-Mobile, users can create personalized watch lists to keep track of chosen securities; eliminating the need to access multiple information sources.

X-Mobile will also be available free of charge on Google Play store. The IOS version is now in the testing phase.

Speaking on the launch of X-Mobile, the Divisional Head, Trading Business, NSE, Jude Chiemeka, noted that the delivery of the NSE Mobile App is likewiseconsistent with NSE’s new strategic intent to leverage on the Fourth Industrial Revolution (4IR) and the era of Digitization to enhance the operation of the market.

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“The introduction of X-Mobile is part of our engagement strategy with existing and potential investors who now have increased thirst for data and detailed disclosure information to make sound investment decisions.

“This is one of the ways we are contributing to the attainment of Nigeria’s National Financial Inclusion Strategy of reducing the proportion of adult Nigerians that are financially excluded to 20 per cent in the year 2020.

“The app will support our efforts at financial literacy; and inclusion by bringing the capital market to the fingertips of market enthusiasts. And spark new interest from potential investors”.

“X-Mobile will complement the NSE website and other NSE portals currently being used to provide information to market stakeholders.

“We will continue to leverage technology with a customer-centric focus to make financial services more inclusive and to provide a superior customer experience in the access and use of capital”, Chiemeka added.

On his part, the Head of Strategy and Research at the NSE, Okon P. Onuntuei, also stated that “we are extremely excited about launching X-Mobile.

“This app is one of many ways of reaching our ambitious goal to enlighten 25 million retail investors in Nigeria and diaspora.

“We believe this platform will become the primary interface for Nigerians to stay abreast of global market trends and domestic economic performance, as well as provide continuous insights to opportunities for portfolio rebalancing”.

About The Author

Mayowa Oladeji

A writer with a keen interest in human stories and topical issues around the world. mayowa.oladeji@1stnews.com

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