The Nigerian Stock Exchange (NSE) on Tuesday launched an issuers' portal to eliminate the delay in sharing information among quoted firms and the NSE.
Mr Oscar Onyema, the Chief Executive of NSE, who was speaking at the launching ceremony in Lagos, said that the portal would eliminate leakages of sensitive information.
He said that the portal would allow issuers to fulfil their disclosure obligations to the NSE accurately and timely.
“The NSE X- Issuer will allow online information submission for enhanced interaction between the Exchange and listed companies globally,” he said.
Onyema said that the aim was to transform the Nigerian capital market and facilitate the creation of corporations that would be the African champions.
“At the Exchange, we intend to be well-positioned to adapt our business to compete effectively in the global marketplace and meet the needs of our clients,” he said.
?Mrs Josephine Igbinosun, the Head, Listings Regulation of the NSE, said that the X-Issuer would enable issuers to submit information to the NSE from the comfort of their offices.
Igbinosun said that the portal would ensure transparency and accountability in information dissemination among quoted companies.
“The portal will offer unique benefits of data capture form, submission validation and other ancillary services such as submission notification mechanisms and tracking of submitted information,” she said.
Igbinosun said that the X-Issuer would also facilitate comparison of data by international and local investors as well as investment analysts. ?