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NSE Prepares to Launch X-Mobile to Boost Investors participation

The Nigerian Stock Exchange (The NSE or The Exchange) is set to launch XMobile, a dynamic and user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market.

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LAPO microfinance bank, NSE Prepares to Launch X-Mobile to Boost Investors participation, NSE promotes investment diversification, as it holds 4th Market Data Workshop , NSE’s Oscar Onyema urges capital market operators to take advantage of Finance Act,Why the NSE is advising stockbrokers to stop applying for new licenses, NSE appointed executive committee member of the Financial and Information Services Association

The Nigerian Stock Exchange (The NSE or The Exchange) is set to launch XMobile, a dynamic and user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The NSE mobile app which is currently in its Beta state will be launched at the 2019 NSE Market Data Workshop taking place on Wednesday, September 11, 2019, at Harbour Point, Victoria Island, Lagos.

X-Mobile is designed to provide market participants, especially retail investors, convenient, faster and real-time access to The Exchange’s activities. It features market snapshots, stock prices, market analytics, financial news, dealing members directory and trade simulation. With X-Mobile, users can create personalized watch lists to keep track of chosen securities, eliminating the need to access multiple information sources. X-Mobile is available free of charge on Google Play store for download for Android smartphones. The IOS version is now in the testing phase.

Speaking on the launch of X-Mobile, the Divisional Head, Trading Business, NSE, Mr Jude Chiemeka, noted that the delivery of the NSE Mobile 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. “The introduction of X-Mobile is part of our engagement strategy with existing and potential investors who now have increased thirst for data and detailed disclosure information to make sound investment decisions. This is one of the ways we are contributing to the attainment of Nigeria’s National Financial Inclusion Strategy of reducing the proportion of adult Nigerians that are financially excluded to 20 per cent in the year 2020. The app will support our efforts at financial literacy and inclusion by bringing the capital market to the fingertips of market enthusiasts and spark new interest for potential investors.”

“X-Mobile will complement the NSE website and other NSE portals currently being used to provide information to market stakeholders. We 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,” Chiemeka added.

On his part, the Head of Strategy and Research at the NSE, Mr Okon P. Onuntuei, stated that, “We are extremely excited about launching X-Mobile. This app is one of many ways of reaching our ambitious goal to enlighten 25 million retail investors in Nigeria and diaspora. We believe this 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.”

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About THE NSE

The Nigerian Stock Exchange, a company limited by guarantee, services the largest economy in Africa and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more.

The Nigerian Stock Exchange continues to evolve to meet the needs of its valued customers and to achieve the highest level of competitiveness. It is an open, professional and vibrant exchange, and the Entrepreneurial Growth hub of Africa.

The Nigerian Stock Exchange aspires to be Africa’s foremost securities exchange, connecting Nigeria, with the rest of Africa and the world.

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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Enjoy more value for voice and data with 9mobile’s reloaded Moreflex-plus

New and existing subscribers are in for incredible value in voice calls and data subscriptions.

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9mobile subscribers are in for a treat as the telco has launched the Moreflex-plus package to enable its customers enjoy more value for both data and voice call services. This new offer affords new and existing subscribers the opportunity to receive a combined value of voice call and data for one subscription on a Moreflex plus bundle.

To enjoy this exciting package, subscribers need to dial *320# and those who purchase a weekly N500 bundle on MoreFlex plus would receive 500MB and voice call minutes of N1000.

A N1000 14 days bundle subscription on Moreflex plus will attract 1.5GB and voice call minutes of N2000; 3GB and N4000 voice call minutes will be credited for a purchase of Moreflex plus N2000 monthly bundle

According to the Acting Director, Marketing, 9mobile, Layi Onafowokan, the introduction of Moreflex-Plus shines the spotlight on 9mobile’s commitment to superior customer experience through offering innovative alternatives in the market that guarantee the best value for spend.

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“With the relaunch of Moreflex plus, our customers, and indeed, all Nigerians can be assured that we are poised to roll out more creative offerings with the best value at the most affordable rates for everyone,” Onafowokan added.

Moreflex-plus is 9mobile’s all-in-one package reputed for unbeatable value through its unique bundled voice and data resources.

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OPay and WorldRemit partner to offer International Mobile Money Transfer Service

Partnership ensures customers continue to make affordable money transfers to family and friends.

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OPay and WorldRemit Partner to Offer International Mobile Money Transfer Service

Nigerian financial service technology company, OPay has announced a partnership with leading global digital payments platform WorldRemit, to offer international money transfers directly into OPay mobile wallets in Nigeria.

The partnership between OPay and WorldRemit will provide Nigerians with a fast, easy and more affordable way to receive money from over 50 countries including the United States, United Kingdom and Canada directly into their mobile phones.

“We are very excited about our partnership with WorldRemit. At OPay, our goal is to consistently drive financial inclusion across Nigeria, meeting the demands of the banked and unbanked. With this partnership, we will smoothen the process in which Nigerians receive money from friends and family abroad,” says Kunle Olamuyiwa, Director of Remittance Service at OPay.

With our seamless technology, OPay provides Nigerians with a much more comfortable and faster option for customers to receive money in the comfort of their homes. Our 300,000 agent locations spread across the country makes cash withdrawals more convenient,” Olamuyiwa adds.

(READ MORE:CBN takes another major step towards regulating Nigerian fintech firms)

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OPay also offers an exciting opportunity for customers to save and invest their money in its FlexiFixed service, which offers up to 12% returns per annum.

The service, which launches in September 2020, is immediately available to all OPay customers on KYC 2 level and above. New customers can download the Opay app from the Google Playstore or iOS store and upgrade to KYC level 2 to instantly access the service.

“This partnership ensures that customers can continue to make affordable money transfers to their family and friends in the comfort of their homes. Together WorldRemit and OPay are disrupting traditional money transfer methods by delivering services that customers can access 24/7 via smartphones at their convenience.

“I’m pleased to share that we’ve reduced prices in 48 corridors and passed the savings onto our customers. With communities across the world having to change their lifestyles due to the disruption caused by Covid-19, we’re proud to play our part in making sure our customers can continue to support their family and friends throughout this challenging time,” says Gbenga Okejimi, Country Manager for Nigeria & Ghana at WorldRemit.

For details visit https://operapay.com/remittance/

(READ MORE: “We enable ATM withdrawals without a card” – Ecobank)

About OPay

OPay is a leading mobile money (MMO) and financial technology platform in Nigeria. Currently, it has a network of 300,000 agents, 5 million registered app users, and an ever-increasing range of financial and related services for Nigerians.

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OPay launched its mobile payment service in August 2018, creating an infrastructure on which the company is now also adding new services. The agent-centric mobile payment operation focuses on reaching the massive unbanked population of Nigeria.

About WorldRemit

WorldRemit is a leading international payments company that enables users to transfer money to countries, including the Philippines, Kenya, Nigeria, Zimbabwe, and India, as well as choose whether transfer is received as a bank deposit, cash pickup, mobile money, and airtime top-up. The company was founded in 2009.

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Ecobank Nigeria unveils Lead Speakers for Virtual Regional Trade Conference

The conference will provide an opportunity for exporters and importers within Africa to engage.

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Ecobank Nigeria

Ecobank Nigeria has announced lead speakers for its Regional Trade Conference.

They include Mr. Segun Awolowo, Executive Director/ Chief Executive, Nigeria Export Promotion Council, Tei Konzi, Commissioner of Trade, Customs and Free Movement of Persons of the ECOWAS and Tedd George, Founder and Chief Narrative Officer, Kleos Advisory.

Others are Ade Ayeyemi, Group Chief Executive Officer, Ecobank Transnational Incorporated (ETI) and Patrick Akinwuntan Managing Director/Regional Executive, Ecobank Nigeria Limited.

According to the bank, Segun Awolowo is currently driving the Zero Oil plan as an economic blueprint for Nigeria.

The Zero Oil is a part of the Economic Recovery and Growth Plan (ERGP), a medium-term plan developed by the Federal Ministry of Budget and National Planning to increase the country’s export by increasing production of home made goods, moving from the export of raw materials to value added products thereby increase foreign exchange revenue, promote the value of Nigerian made products and services abroad, and create jobs. It aims at generating $30billion in foreign exchange earnings.

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Tei Konzi, Commissioner of Trade, Customs And Free Movement of Persons of the ECOWAS is a trainer and Consultant for the popularization of ECOWAS Common External Tariff(CET) and other instruments of integration of the ECOWAS and West African Economic and Monetary Union (WAEMU). while Tedd George, Founder and Chief Narrative Officer, Kleos Advisory, has more than 20 years of experience researching and working in African markets.

Tedd advises on fintech & Agritech projects in Africa, notably in West Africa’s cocoa value chain, and also  regularly appears as chairman, speaker and moderator on the world conference and webinar circuit and as a commentator in the media.

Tedd has a diverse range of specialties, including African markets, disruptive technology (Fintech, blockchain, Agritech & Regtech), soft commodities (especially cocoa), agribusiness (value chain), trade and trade finance.

Ade Ayeyemi, Group Chief Executive Officer, Ecobank Transnational Incorporated has a long, illustrious, and very successful career with Citigroup spanning 27 years, where he held various diverse, enriching, and senior roles.

Ade continued to excel in the various roles and challenges he was given, becoming CEO Sub-Saharan Africa, responsible for all Citigroup’s business in 11 presence and 27 non presence countries.

Also on ground will be Patrick Akinwuntan, Managing Director/ Regional Executive, Ecobank Nigeria Limited, who prior to this appointment was the Group Executive, Consumer Banking at Ecobank Group where he was responsible for leading the Consumer Banking business across Ecobank’s global network of 40 countries, 36 of which are in Africa.

As a seasoned banker, with over 20 years of senior and executive management experience, Patrick has held several strategic positions for the Ecobank Group in Ghana, Togo, and Nigeria. He had previously been a Group Executive Director on the Board of ETI and earlier as Executive Director in Ecobank Nigeria.

The Ecobank Regional Virtual Trade Conference with the theme “Facilitating Regional Trade in the emerging AFCFTA era” is slated for the 22nd of September, 2020 and will provide an opportunity for exporters and importers within Africa to engage, creating a marketplace experience.

Speaking in Lagos, Sunday Abah, Head, Trade Finance, Ecobank Nigeria stated that due to its unrivalled footprint across Africa, Ecobank is uniquely positioned to facilitate cross border trade within the region leveraging its comprehensive trade solutions and various payment methods available across its network within Africa.

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According to him, “Ecobank’s unique intra-Africa trade solutions enable settlements of international transactions and mitigation of payment risk while providing regional solutions such as issuance of payment guarantees to exporters without the need for a letter of credit and its related costs to the importer.

Ecobank works closely with clients in structuring transactions, settlements, financing and risk mitigation” he noted.

Further, he said “Our trade products and solutions are designed around two broad areas; trade finance and trade services. Trade Finance enables our customers benefit from adequate and well mitigated credit facilitation in the area of Import finance, export finance, bill discounting, trade loans, distributor finance, payables and receivables finance, structured trade and commodity finance amongst others.

“While our trade services, offer our customers the advantage of speedy turn around and error free processing of their import letter of credits, import collections, avalised bills, Customs bonds, export collections as well as their local purchase orders and payment invoices, via our electronic trade platforms OMNI e-Trade and OMNI eFSC (electronic financial supply chain).”

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