The Nigerian Stock Exchange (NSE) has said investors in the Nigerian equities market and viewers of the Nigerian Television Authority (NTA) will now start seeing daily price information of listed companies on the various stations.
This was disclosed at the digital Closing Gong ceremony hosted on Wednesday, 17 February 2021.
Mr. Oscar N. Onyema, OON, the Chief Executive Officer, NSE, who spoke at the event said “At The Exchange, we remain committed to providing issuers with a platform that allows them to meet their strategic business objectives and one way of backing that commitment is making price information available across as many credible channels as possible. The NTA runs the largest television network in Nigeria with stations and network centres in almost every part of the country. We are, therefore, pleased to launch the broadcast of the NSE Daily Ticker Tape across the NTA network. This is part of our strategy to widen our domestic investor coverage, especially to retail domestic players who accounted for about 30% of equity transactions valued at N619 billion in 2020.”
On his part, the Director-General, NTA, Mallam Yakubu Ibn Mohammed commented, “On behalf of the Management and Staff of NTA, I appreciate the honour given to me to participate in the NSE’s digital Closing Gong Ceremony. It is noteworthy that the NTA has partnered with the capital market by providing uninterrupted dissemination of information to the public since the late 1980s. As the NSE supports listed companies through capital raising and investment, we have watched fortunes grow from 1961 till date. I would, therefore, like to congratulate the leadership of The Exchange for positioning it as the investment destination of choice, and pledge NTA’s continued coverage and commitment to the success of the activities of the NSE.”
This was coming after the Exchange upgraded its X-Data Portal to provide an efficient, user-friendly experience in accessing real-time, delayed, end of day and historical data for all financial instruments listed on the NSE.
This new development further complements the ongoing innovation and improvement being made by the NSE to provide capital market participants with more channels to access relevant market information.