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Data Key to Capital Market Investment Decisions-Experts

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Experts in the capital market have charged investors on the use of data to make critical investment decision, adding that, data is critical to navigating shocks in the capital market.

Globally, they said, there is an increasing reliance on market data as a fundamental tool for making sound financial decisions and the Nigerian case is no different. 

The experts, who spoke at a virtual Nigerian Stock Exchange (NSE) fifth Market Data Workshop 2020 hosted in collaboration with InfoWARE Limited, deliberated on the theme; ‘Handling Shocks in the Capital Market: A Quantitative Risk Management Approach Using Market Data.’

Speaking at the event, the CEO, NSE, Mr Oscar Onyema, said, In Nigeria, the equities market recorded negative performance in the first quarter of the year, with the NSE All Share Index (ASI) posting a quarterly loss return of 20.65 per cent in Q1, 2020, adding that, the market saw an upswing since April 2020, and has so far gained 31.67 per cent as at November 12, 2020.

This feat, particularly during the COVID-19 pandemic, he said, can be attributed to smart investors bargain hunting and the release of positive year-end financial results of several listed companies, coupled with improved dividend declarations. 

It demonstrates the opportunities that abound in the market for discerning investors, even in a time of crisis, and underscores the importance of quality market data for investment decision-making, he stated.

During the workshop, Market data officer, market services, NSE, Ms Anita Gopaldas, gave a presentation which highlighted the Exchange’s wide range of reliable, accurate and timely market information services and data solutions across all asset classes and data products to market participants locally and internationally. 

Some of these provisions include: the NSE API which ensures the dissemination of real-time data to stakeholders; FIX Order Management System which allows trade information to be transmitted from anywhere to the Exchange; and the recently upgraded X-DataPortal, which serves as a consolidated, streamlined platform for market participants to access quality and timely data at an affordable rate.

Other presentations at the workshop were delivered by head, Market Services, NSE, Olufemi Balogun; CEO, Infoware Limited, Uwa Agbonile; and CEO, Deontic Data, Benedict Whittam Smith. From their presentations, it was made clear that quality, accessible data is critical not only to dealing with the problems of today, but in mitigating the crises of the future.

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Business Intelligence

Inlaks Computers Retains ISO 27001 and ISO 22301 Certificates

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Inlaks, a foremost ICT infrastructure, and systems integrator in Sub-Saharan Africa has been re-certified to ISO/IEC 27001:2013 (Information Security Management System) and ISO 22301:2019 (Business Continuity Management System). 

In addition to the recertification, Inlaks was also successful at the surveillance audit of her ISO 9001:2015 (Quality Management System) and ISO/IEC 20000-1:2018 (IT Service Management System).

The managing director and CEO of Africa Operations, Kyari Bukar, said the management recognises the importance of developing, implementing, and maintaining its systems to international best practices hence the renewed commitment to getting the company certified to the different ISO standards.

Achieving ISO certification is a fundamental requirement for businesses in the last decade as new technology for business are changing faster than ever. 

ISO helps in focusing on the important areas of businesses and improving efficiency, thus providing sound foundations that increase productivity and profit.

Bukar said maintaining the PECB MS (MSECB) Management System Certificates proves the dedication of Inlaks leadership and team towards the continual improvement of our processes and services.

Bukar explained that as a leading information technology solution provider in Africa, we remain resolute to the delivery of quality IT services while also ensuring the security of our information system and assets in order to meet the enterprise business objectives and ensure continuity of our operations.

“This commitment to the delivery of business continuity and information security extends to personnel at all levels of the organisation.  We could not have achieved this success without the collective effort of everyone at Inlaks. 

“We do this by observing all applicable statutory, regulatory, contractual, and organisational requirements while providing these services and to minimise the impact of any interruption to our business activities,’’ Bukar further explained. 

“Our Business Continuity management system identifies critical business processes and risks, provides a plan to maintain or restore critical business operations from the effects of major failures or/and disasters and a plan to communicate with key people during the crisis,” Bukar added.

Established in 1982, INLAKS is an Information Technology Systems Integrator specialising in the deployment of dynamic and highly scalable ICT Infrastructure Solutions. 

Its customers cut across various segments including Banking, Telecommunication, Oil/Gas, Power, Utilities and the Distribution sectors of the economy. 

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Business Intelligence

Thomson Reuters, Adapt IT to Prioritise Tech Agility in Sub-Saharan Africa

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A newly expanded collaboration between Thomson Reuters, a leading provider of business information services, and Adapt IT, a reputed service provider of leading specialised software and digitally-led business solutions in Sub-Saharan Africa, will enable more businesses across the region gain competitive advantages through the technology solutions both provide.

A newly expanded collaboration between Thomson Reuters, a leading provider of business information services, and Adapt IT, a reputed service provider of leading specialised software and digitally-led business solutions in Sub-Saharan Africa, will enable more businesses across the region gain competitive advantages through the technology solutions both provide.

With economic recovery and growth for the region forecast at 2.7% for 2021 according to the World Bank, the drive for digital transformation across business in multiple industry sectors is accelerating following a year of contraction driven by the COVID-19 pandemic.

The combined capabilities of Thomson Reuters and Adapt IT ensure a broader range of technology implementations, increased operational efficiencies, and enhanced maintenance and service support for existing and new clients in markets across Sub-Saharan Africa.

“In the same way that our clients trust us to empower them with systems and technologies that can scale with their business, our collaboration with Adapt IT will enable us to increase the breadth and depth of our service footprint across this key region,” said Jackie Rhodes, managing director, Asia & Emerging Markets at Thomson Reuters. “The synergies we enjoy in terms of providing best-in-class solutions will benefit our respective clients, ensure a consistent level of quality engagement, and support and deliver a significantly stronger offering.”

Organisations currently leveraging legal, tax, global trade software, regulatory intelligence, and compliance solutions from Thomson Reuters will benefit from the new arrangement with Adapt IT, including access to their business advisory capabilities and established network.

Tiffany Dunsdon, chief commercial officer, Adapt IT, said: “Our alliance with Thomson Reuters means more clients can access more world class technology solutions backed up by local expertise and the deep sector knowledge Adapt IT offers. We’re delighted to be working together to help corporations achieve greater success in an increasingly complex business environment.”


With economic recovery and growth for the region forecast at 2.7% for 2021 according to the World Bank, the drive for digital transformation across business in multiple industry sectors is accelerating following a year of contraction driven by the COVID-19 pandemic.

The combined capabilities of Thomson Reuters and Adapt IT ensure a broader range of technology implementations, increased operational efficiencies, and enhanced maintenance and service support for existing and new clients in markets across Sub-Saharan Africa.

“In the same way that our clients trust us to empower them with systems and technologies that can scale with their business, our collaboration with Adapt IT will enable us to increase the breadth and depth of our service footprint across this key region,” said Jackie Rhodes, managing director, Asia & Emerging Markets at Thomson Reuters. “The synergies we enjoy in terms of providing best-in-class solutions will benefit our respective clients, ensure a consistent level of quality engagement, and support and deliver a significantly stronger offering.”

Organisations currently leveraging legal, tax, global trade software, regulatory intelligence, and compliance solutions from Thomson Reuters will benefit from the new arrangement with Adapt IT, including access to their business advisory capabilities and established network.

Tiffany Dunsdon, chief commercial officer, Adapt IT, said: “Our alliance with Thomson Reuters means more clients can access more world class technology solutions backed up by local expertise and the deep sector knowledge Adapt IT offers. We’re delighted to be working together to help corporations achieve greater success in an increasingly complex business environment.”

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Africa Region

Refinitiv Expands Economic Data Coverage across Africa

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Building on its commitment to drive positive change through its data and insights, Refinitiv today announced the expansion of its economic data coverage of Africa.

The new data set allows investment managers, central bankers, economists, and research teams to use Refinitiv Datasteam analytical data for detailed exploration of economic relationships and investment opportunities among data series covering the African continent.

Securing reliable, detailed, timely, locally sourced data has not been easy for economists who have in the past had to use international sources which often can take many months to update and opportunities to monitor the market can be missed. Because Africa is a diverse continent, economists and strategists need more timely access to country-specific data via national sources to create tailored business, policy, trading and investment strategies to meet specific goals.

Africa continues to develop critical infrastructure, telecommunications, digital technology and access to financial services for its 1.3bn people. The World Bank estimates that over 50% of African inhabitants will be under 25 by 2050. This presents substantial opportunities for investors who can spot important trends and make informed decisions based on robust and timely economic data.

Stuart Brown, Group Head of Enterprise Data Solutions, Refinitiv, said: “Africa’s growing, dynamic and fast evolving economies makes it a focal point for financial markets today and in the coming decades. As part of LSEG’s commitment to empowering the global markets with accurate and timely data, we are excited about making these unique datasets available via the Refinitiv Data Platform. Our economic data coverage of Africa will provide our customers with deeper and broader inputs for macroeconomic analyses and enable more effective investment strategies and economic research.”

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