By Modupe Gbadeyanka
Minister of Science and Technology, Mr Ogbonnaya Onu on Monday commissioned the N500 million Data Centre of the Nigerian Stock Exchange (NSE) in Lagos.
At the launch, Mr Onu showered praises on the management of the local bourse for giving life to the country’s economy.
The Minister also commended the leadership style of the Chief Executive Officer of the NSE, Mr Oscar Onyema.
Mr Onu said Federal Government will continue to provide enabling environment to investors, urging the NSE to list more technology companies on its platforms.
He described the stock exchange as a vital part of the economy, pointing out that he was very pleased with the successes recorded by the bourse.
Speaking at the commissioning, the chief executive of the NSE, Mr Oscar Onyema, disclosed that the state of the art data centre will help to support most of the exchange activities and other platforms linked to it.
He said the facility will further help the bourse with data management, processing, which will in turn further position the NSE as one of the best in the world.
Mr Onyema promised that the NSE will continue to play its part in the nation’s economy.
The NSE Data Centre was built to uptime institute’s TIER III design standards and it comes with real time monitoring of active devices.
The data centre has a hosting capability for over 50 clients and can be scaled up on demand and data can be replicated in real time offsite to a partner that is 25km away from the production site.
The centre offers cloud services to market operators and anyone interested in a low-cost, highly available service for their customers.
The day ended with the Minister sounding the gong to close transactions on the floor of the stock exchange.
Also present at the commissioning were Executive Director, Market Operations and Technology at the NSE, Ade Bajomo; Chairman, Association of Stockbroker Houses of Nigeria (ASHON), Chief Patrick Ezeagu; and Engr. Mohammed Daggash, National Council Member, NSE at the commissioning of The NSE Data Centre today at the Exchange.
Adedapo Adesanya