The Nigerian Stock Exchange has launched a mobile app called X-Mobile, to boost investor participation. The app will enable NSE to provide market participants with suitable, swift and real-time access to stock market activities.
The X-Mobile app will be used to showcase market snapshots, stock prices, market analytics, financial news, dealing members directory, and trade simulation. It will allow users to create personal watchlists for tracking chosen securities and eliminating the need to access many information sources.
The app will be used in providing information to market stakeholders just like the NSE website and other NSE portals. X-Mobile was launched on the 11th of September 2019 at the 2019 NSE Market Data Workshop held in Lagos, Nigeria.
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Jude Chiemeka, the Divisional Head of Trading Business at the NSE stated that “the introduction of the application is part of the Exchange’s strategy with existing and potential investors who require more data and detailed disclosure information to make sound investment decisions.”
He revealed that the app will support the NSE’s efforts towards financial literacy and inclusion. They aim to achieve this by delivering the capital market to the fingertips of market enthusiasts.
This move is in tandem with achieving the country’s National Financial Inclusion Strategy, which aims to reduce the number of financially excluded Nigerians to 20% by 2020.
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