By Kayode Tokede
Nigerian Exchange Limited (NGX) has announced the release of an enhanced version of its mobile app, X-Mobile on Wednesday.
X-Mobile — which was first launched in 2019 in its Beta state — is a dynamic and user-friendly mobile app, designed to enhance investors’ participation in the Nigerian capital market. Now accessible in the Google Play Store and Apple iOS Store, X-Mobile provides market participants, especially retail investors, with convenient, faster and real-time access to information about NGX, its listed securities and Trading License Holders.
Some of the key features of the X-Mobile include market snapshots and analytics, securities prices, financial news and trade simulation. It provides a directory of NGX Trading License Holders, as well as aggregated access to their online and mobile trading Apps. With X-Mobile, users can create personalized watch lists to keep track of chosen securities, eradicating the need to access multiple information sources.
Speaking on the development, the Chief Executive Officer, NGX, Mr. Temi Popoola, commended the efforts of the teams and individuals who have successfully driven the completion of X-Mobile since 2019. “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. X-Mobile, therefore, provides a platform to engage with existing and potential investors who now have increased appetite for data and detailed disclosure information to aid sound investment decisions. We are confident that the app will complement the NGX website and other NGX portals currently being used to provide information to market stakeholders.”
On his part, the Divisional Head, Trading Business, NGX, Mr. Jude Chiemeka, stated that, “X-Mobile affirms our commitment to make financial services more inclusive and provide superior customer experience in the access and use of capital. The app has, therefore, 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. We believe that X-Mobile is on course to become the primary interface for local and international investors to stay abreast of market trends and domestic economic performance.”
Existing users of the beta version of X-Mobile will be required to create new accounts as the app now requires password login. Other features that users can look forward to include the market news feed; and the trade engine simulator where they can learn or improve on their trading proficiency.