By Aduragbemi Omiyale
The desire to deepen the capital market in Nigeria and get more investors involved has inspired the management of the Nigerian Exchange (NGX) Limited to compile vital information about the stock market and the listed companies in a digital format.
The data was put in the digital version of its popular X-Factbook and would be available on https://xfactbook.ngxgroup.com for subscription at N5,000.
“In operating as a demutualised entity, we continue to prioritise the timely provision of quality market information to support the investment process. That is why this foremost post-demutualisation edition of X-Factbook has been made easily accessible to investors across the globe to showcase the existing and potential opportunities in the Nigerian capital market.
“We are confident that this edition of X-Factbook will be an invaluable resource to the investing community and will continue to promote investor education in our market,” the Divisional Head of Trading Business at NGX, Mr Jude Chiemeka, stated.
The CEO of the exchange, Mr Temi Popoola, while speaking on the development, disclosed that, “At NGX, we are dedicated to developing and improving the digital experience for our stakeholders.
“The transformation of X-Factbook from print to digital aligns with our commitment to providing and enhancing access to quality market information.
“With the current climate where companies and individuals have transitioned to a more digitally-inclined mode of working and accessing information, it is fitting that we are introducing our first online Factbook at this time. We believe that X-Factbook will serve to complement other platforms for accessing information at NGX.”
Business Post reports that the digital-only version of the 2021 edition of the annual factbook was released on Thursday, August 26 after 41 years in print.
X-Factbook is a compendium of capital market information designed to provide investors, market analysts, researchers and the wider capital market stakeholders with information on the profiles and historical financial performance of companies listed on NGX.
It also provides relevant information on trading activities on NGX and the various market participants across the investment value chain.
Leveraging digital technology for ease of access, X-Factbook provides investors, researchers, media and other capital market stakeholders with desired insights into the operations of the Nigerian capital market, including listed securities. It further ensures that companies listed on NGX remain visible and that NGX remains positioned as a preferred investment destination.