The Nigerian Stock Exchange (NSE) recently launched X-Mobile, an app set to help boost investor participation. The app is described as a dynamic and user-friendly mobile app that was created to increase investors’ participation in the Nigerian capital market. X-mobile was launched at the 2019 NSE Market Data Workshop. The event took place yesterday at Harbour Point, Victoria Island, Lagos.
About NSE’s X-Mobile
X-Mobile is designed for Nigerian capital market participants especially retail investors. With the app, investors can gain access to The Exchange activities. The app was designed to give investors convenient, faster and real-time access to The Exchange’s activities. X-Mobile features market snapshots, stock prices, market analytics, financial news, dealing member’s directory and trade simulation. The app allows users to create personalized watch lists to keep track of chosen securities, eliminating the need to access multiple information sources.
X-Mobile is available on Google Play Store and the app is a free app. The IOS version isn’t available yet but it is already in its testing phase and would be made available soon.
NSE Speaks on X-Mobile
The Divisional Head, Trading Business, NSE, Mr Jude Chiemeka, spoke about the app. He stated that the app is consistent 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. He talked about how the app will complement the NSE website and other NSE portals currently being used to provide information to market stakeholders.
Chiemeka stated that they 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.
The Head of Strategy and Research at the NSE, Mr Okon P. Onuntuei, also spoke about the app. He stated that they are extremely excited about launching X-Mobile. Onuntuei stated the app is one of many ways of reaching their ambitious goal to enlighten 25 million retail investors in Nigeria and diaspora. According to him, NSE believes the 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.