Business Post Contributor
By Sodeinde Temidayo David
Nigerian Exchange (NGX) Limited has released an improved version of its mobile app, X-Mobile, to enhance investors’ participation and access to the Nigerian capital market.
The X-mobile, a dynamic and user-friendly mobile app, which was first launched in 2019 in a beta state, now accessible on various mobile stores, provides market participants, especially retail investors with convenient, faster and real-time access to information about NGX, its listed securities and trading license holders.
According to the NGX, some of the key features of the X-Mobile include market news feed, snapshots and analytics, securities prices, financial and market news, including a trade engine simulator where users can learn or improve on their trading proficiency, using virtual currency.
It provides a directory of NGX authorised stockbrokers as well as aggregated access to their online and mobile trading apps.
With the app enhancement, users can create personalized watch lists to keep track of chosen securities, eradicating the need to access multiple information sources.
Also, the newly updated app features the latest statistics about the Nigerian exchange and serve as a personal companion on the NGX.
The new development is set to be well suited for investors who want to keep tabs with the NGX as well as prospective investors who want to learn about the exchange and how to get involved.
Speaking on the development, the Chief Executive Officer, NGX, Mr Temi Popoola, commended the hard work of the teams and individuals who have successfully driven the completion of the mobile app since its first launch.
“The delivery of X-Mobile is in line with NGX’s strategic intent to provide an exchange that is easily accessible to stakeholders leveraging digital technology.
“We are confident that the app will complement the NGX website and other NGX portals currently being used to provide information to market stakeholders,” he said.
On his part, the Divisional Head, Trading Business, NGX, Mr Jude Chiemeka, stated that X-Mobile affirms the commitment to make financial services more broadly and provide a superior customer experience in the access and use of capital.
According to him, the app has been enhanced to ensure that capital market players and potential investors have the requisite resources to make the most out of their engagement with the market.
Existing users of the beta version of X-Mobile are required to create new accounts as the app now requires password login.
