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Secure Electronic Technology

Buy Secure Electronic Technology stocks

Secure Electronic Technology (NGX: NSLTEC) Stocks

Secure Electronic Technology Plc is a Nigeria-based company that is listed on the Nigerian Stock Exchange (NGX) and holds the license to operate the national lottery in the country. Secure Electronic Technology Plc provides the infrastructure and technology to run the lottery and gaming products.

 

Secure Electronic Technology stocks at a glance

🏢 Stock NameSecure Electronic Technology
🌐 CountryNigeria
🏛️ Stock ExchangeNGX
📇 Stock SymbolNSLTEC
💰 CurrencyNGN
📈 52 Week High0.20
📉 52 Week Low0.20

 

 

What is Secure Electronic Technology

 

Formerly known as the National Sports Lottery, Secure Electronic Technology Plc has an exclusive 30-year license granted by the Federal Government of Nigeria and governed by the National Lotteries Act 2005.  Secure Electronic Technology Plc’s head office is in Lagos, Nigeria.

The history of Secure Electronic Technology Plc can be traced back to 2000 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on December 14, 2007.

Today, Secure Electronic Technology Plc has a diversified portfolio in more sectors of the Consumer Services value chain and renders the following services: lottery, gaming, operations of airtime vending, revenue collection, card payments, and treasury/assets management.

Games managed by Secure Electronic Technology Plc include 60F49, the newest Jackpot game; 2Sure, the game with the highest payout; 50F90, a fixed-odds game with a pre-determined payout; and Betwazobia, a dedicated 24/7 mobile and online game platform.

Secure Electronic Technology Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol NSLTEC.

Secure Electronic Technology Plc currently serves clients in Nigeria.

Secure Electronic Technology Plc has its headquarters at 107 Bamgbose St, Lagos Island 102273, Lagos, Nigeria.

The current CEO of Secure Electronic Technology Plc is Hamzat Abiodun.

Secure Electronic Technology Plc forms part of the Casinos & Gaming Industry and the Consumer Services Sector.

 

Secure Electronic Technology stock performance

 

The most recent or current price for Secure Electronic Technology Plc stocks is 0.20 Nigerian Naira (NGN). The company has a total market capitalization of 1.13 Billion NGN with a P/E ratio of 0 and earnings per share of 0 NGN.

A total of 5.63Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Secure Electronic Technology Plc stocks can look forward to more lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Secure Electronic Technology Plc, analysts forecast possible further improved performance for the Consumer Services sector with a growing market share as trading volumes increase.

 


 

Highlights of Secure Electronic Technology

 

NSLTECH had its last trading day on Friday, November 12, 2021, at 0.20 NGN per share on the Nigerian Stock Exchange (NGX).

Secure Electronic Technology Plc is currently the 123rd most-traded stock on the NGX and it has experienced a total trading volume of 67,880 shares, which were finalized in 8 deals and were valued at a total of 13,576 NGN over three months between September and December, with an average of 1,077 shares in each trading session.

The highest volume shares traded on one single day was 50,000, achieved on September 27.

 

How to buy Secure Electronic Technology stocks – Step by Step

 

The stock market is still one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily.

To buy, sell or trade Secure Electronic Technology Plc stocks, traders and investors can follow a few 6 simple steps:

 

  1. Step 1 – Find the share that you want to buy, in this case, “NSLTEC”.
  2. Step 2 – Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Step 3 – Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Step 4 – Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Step 5 – You are now ready to make your first share purchase through the broker.
  6. Step 6 – You can further start to build and diversify your portfolio by buying more shares.

 


 

Frequently asked questions

 

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises the leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2021, the former Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit-making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization.

Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalization and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalization.

 

On which stock exchange does Secure Electronic Technology Plc have shares for sale?

Secure Electronic Technology Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol NSLTEC.

 

What type of company is Secure Electronic Technology Plc?

Secure Electronic Technology Plc is a Nigeria-based company that is listed on the Nigerian Stock Exchange (NGX) and holds the license to operate the national lottery in the country.

 

In which industry and sector does Secure Electronic Technology Plc operate?

Secure Electronic Technology Plc forms part of the Casinos & Gaming Industry and the Consumer Services Sector.

 

What is the price of Secure Electronic Technology Plc shares today?

At the time of writing, the current price of Secure Electronic Technology Plc shares was 0.20 NGN.

 

Is Secure Electronic Technology Plc a good investment?

Secure Electronic Technology Plc’s forecast indicates possible further growth and improvement from the second half of 2021, with investors expecting lucrative or more profitable dividends and returns with increased financial performance.

 

What is the risk analysis for Secure Electronic Technology Plc stocks?

Secure Electronic Technology Plc experienced no change in the value of its stocks over the past year.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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