A Nigerian capital market firm, Meristem Securities Limited, has officially relaunched its stock trading mobile application, Meritrade, introducing new features designed to improve the digital investment experience for retail investors. The relaunch was announced during an event tagged “Meritrade Reimagined,” which brought together regulators, customers, financial educators and staff of the organisation to discuss the platform’s updated capabilities and its role in Nigeria’s evolving capital market.
The event, held with about 100 participants in attendance, provided a forum for open engagement between the company and users of the trading platform. The Meritrade application was originally launched in 2014 as Nigeria’s first digital online stock trading platform and has since undergone several upgrades aimed at expanding access to investment opportunities and improving user experience for investors in the country.
Speaking at the event, the Managing Director and Chief Executive Officer of Meristem Stockbrokers Limited, Bashir Saheed Adewale, said the redesigned platform was built to deliver faster performance, improved navigation and stronger security. According to him, the updated version also provides investors with deeper portfolio insights, improved analytical tools and enhanced funding options to simplify the management of investment funds on the platform.
The company explained that beyond facilitating the buying and selling of securities, the app also provides research driven insights to help investors make informed decisions. The platform retains its research backed stock recommendations, which notify users about potential trading opportunities while emphasising that the information provided serves as guidance rather than formal financial advice.
Participants at the event, including representatives from the Nigerian Exchange Group, welcomed the relaunch, noting that the new version of the application introduces features such as price alert notifications, access to initial public offerings and detailed breakdowns of transaction costs. The update also allows users to generate cash statements of their trading activities, a feature designed to improve transparency and help investors track their investment performance more effectively in Nigeria’s growing digital trading ecosystem.