Nigerian Stock Marketplace – The Influence of Info Technology

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The Nigerian richesse marketplace was not well-liked throughout military rule that was the time when very few wealthy individuals took benefit of advantages of the stock marketplace. Vast majority of Nigerians were unaware of Nigerian stock market. With the introduction of democracy radical modifications had been brought about in the field of telecommunications and subsequently restructuring of stock trade operations was carried out.

The big alter introduced was live trading on computer systems and crediting the transactions into investors’ account within 4 times. This innovative alter introduced transparency into the sector. More and much more Nigerians at home and overseas got involved in Nigerian Stock Marketplace activities. Also the use of information technology in helped to curb fraudulent schemes from issuing homes.

Central Securities Clearing System was launched this screens the stock exchange actions in a pc based environment displaying all transactions and therefore providing to all traders a fair investing method. With the start of Automated Investing System the automation of NSM was done. Subsequently e-reward, e-allotment, e-dividend and e-IPO had been launched and implemented. The GSM operators had been of great impact in growing the qualifications of this sector. In 2006, phone based notify plan was introduced which increased the trust of traders in Nigerian stock Exchange commission.

The influence of Information Technology would be incomplete if the mention of internet impact is not done. The web has added to the transparency and indicates of investing in the stocks as 1 can use on-line facility to be component of day to day transaction in stock trading. In addition one can have the total info about share index, quantity and value of stock traded.

With so a lot of info technologies getting into trading and information about the Nigerian stock marketplace, every investor ought to have consciousness about how to use it for the optimum benefits in conditions of getting the most out of it. This is just an information to intending investors to know how best to maximize their potentials in the Nigeria stock marketplace.

However,the influence of technological development has in no small means contributed to the improvement of this device of the economic climate,therefore traders could consider advantage of the low intense drop in stock prices to construct an investment portfolio in the African biggest richesse marketplace since this comply with the principle of buy reduced sell higher that is the anchor of function trading anywhere in the world.