Nigeria: NSE Upgrades Data Portal to Improve Market Access

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The Nigerian Stock Exchange (NSE), on Monday, announced the upgrade of its Data Portal (X-DataPortal) to revamp and improve market accessibility for subscribers.

Mr. Oscar Onyema, Chief Executive Officer of the exchange, said in a statement in Lagos that the portal upgrade was to explore digital technologies to provide top-notch accessibility.

Onyema said: “The upgrade of the X-DataPortal is in line with the desire of the NSE to continue providing an exchange that is easily accessible, leveraging digital technology.

“The newly enhanced X-DataPortal has, therefore, been equipped with market-focused features that will complement the NSE website and other NSE portals in response to stakeholders’ increased demands for easy access to data.

“Given the importance of Market Data in investment decisions, we remain resolute in our commitment to provide capital market participants with more channels to access relevant market information required for making investment decisions.”

In his remarks, Mr. Jude Chiemeka, the Divisional Head, Trading Business, NSE, said that data plays a pivotal role in the trading process.

“At the NSE, we recognise that data fuels every aspect of the trading process.

“We are, therefore, pleased to introduce the improved X-DataPortal that will serve as a principal source for brokers.

‘”It will also serve fund managers, research analysts, other professionals and non-professional participants such as students and investors to get quality real-time and reference data reports for analysis, research and reporting purposes.

Souce: all Africa