Business/Economy

NGX’s factbook goes digital

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25 Aug 2021 10:41 AM GMT
NGX’s factbook goes digital
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The Nigerian Exchange (NGX) Ltd. has announced that the 2021 edition of its annual Factbook (X-FactBook) would be released on Aug. 26 in digital-only version after 41 years in print. The Chief Executive Officer, NGX, Mr Temi Popoola, said this in a statement made available on Wednesday in Lagos. Popoola said individuals and institutions interested […]

The Nigerian Exchange (NGX) Ltd. has announced that the 2021 edition of its annual Factbook (X-FactBook) would be released on Aug. 26 in digital-only version after 41 years in print.

The Chief Executive Officer, NGX, Mr Temi Popoola, said this in a statement made available on Wednesday in Lagos.

Popoola said individuals and institutions interested in X-FactBook now have the option of either subscribing to the complete X-FactBook or just the section of interest.

He explained that while modular purchase allowed readers to access a specific sector of the economy as applicable at a cost ranging from N2,000 to N3,000; the complete e-book provided a compendium of all sectors at a cost of N5,000.

Popoola said: “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,” he said.

Popoola also stated that the digital X-FactBook, available for purchase at https://xfactbook.ngxgroup.com, presented a completely new way for users to conveniently access comprehensive and diverse information on the Nigerian capital market.

On his part, the Divisional Head, Trading Business, Mr Jude Chiemeka said: “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.”

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, providing relevant information on trading activities on NGX and the various market participants across the investment value chain and that NGX remains positioned as a preferred investment destination.

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