Nigeria's stock exchange opens new Contact Centre

Mar 17, 2011

Last Tuesday, the Nigerian Stock Exchange (NSE) opened a contact centre aimed at creating an interface between capital market investors and shareholders.

It is expected to improve communications between the various actors on the stock market.

Investors and shareholders will now be able to contact the centre to obtain any information about the market. This they can do through a dedicated cell phone from 07.45 to 18.00 local time from Monday to Friday.

Ms Onipede, one of the supervisors, told Next newspaper she already received several calls from people wanting to know if a stock broker had been suspended, or wanting to know about the status of their shares.

"The establishment of the contact centre was one of the various steps the present administration of the exchange has taken to further reposition the exchange for better performance,” the Interim Administrator of NSE Emmanuel Ikazoboh told PANA news agency.

The Director General of the Securities and Exchange Commission Arunma Oteh, added that such measures will strengthen investors' confidence in the capital market.