Wednesday, 27 March 2013

Nigerian Stock Exchange Launches X-Issuer

The Nigerian Stock Exchange (NSE) has introduced the first ever issuers’ portal in the Nigerian capital market, known as X-Issuer.

Brokers work on the trading floor of the Nigerian Stock Exchange
in the commercial capital, Lagos
The new portal, which was formally launched on Tuesday, is one of a number of new regulatory initiatives of the NSE that will allow online information submission for enhanced interaction between the exchange and listed companies.

The portal is expected to encourage transparency and accountability, and will expedite the discharge of issuers’ post-listings obligations relating to structured and continuous disclosures.

The X-Issuer will also offer unique benefits of data capture, form submission validation and other ancillary services such as submission notification mechanisms and tracking of submitted information.
With this, listed companies no longer need to submit hard copies of information to the exchange by post, hand delivery or courier.

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