NSE’s Information Dissemination Strategy Arouses Lagos NIPR

Pricing Methodology for stocks

By Aduragbemi Omiyale

In recognition of its excellence in public relations and stakeholder engagement practices, the Nigerian Stock Exchange (NSE) has been honoured with an award by the Lagos chapter of the Nigerian Institute of Public Relations (NIPR).

On Saturday, December 19, 2020, the institute held the annual Lagos Public Relations Industry Gala and Awards (LaPRIGA Awards) at the Shell Hall, MUSON Centre, Onikan, and the exchange was given the Best Regulatory Information Management award.

Chairman of the Selection Panel of LaPRIGA Awards 2020, Mr Muyiwa Akintunde, explained that the NSE has distinguished itself as an organisation with a good information management system.

“Following our assessment of the exchange’s activities and the positive feedback from relevant stakeholder groups, the Best Regulatory Information Management award is indeed well-deserved.

“We also recognise the efforts of the NSE to promote professionalism and influence the capital market community to adopt best in class practices in this regard,” he said.

On his part, the CEO of the NSE, Mr Oscar Onyema, expressed the gratitude of the organisation for the recognition, stating that the exchange has demonstrated its resilience by maintaining seamless trading activities and business operations, whilst providing support to capital market stakeholders.

“We continue to engage with various stakeholders including Government, policymakers and capital market operators as part of our advocacy efforts to ensure a positive impact on the private sector and more importantly quoted companies,” Mr Onyema said.

“These advocacy engagements yielded significant outcomes including an extension of time for issuers to file audited financial statements for the year ended December 31, 2019, and extension of time for dealing member firms to submit their audited financial statements for the year ended December 2019 and quarterly reports for Q1:2020.

“We further engaged the Institute of Chartered Accountants of Nigeria (ICAN) on the exclusion of the ICAN stamp and seal in audited financial statements.

“Furthermore, the exchange issued a guidance document on companies’ virtual board, committee, and management meetings to the market on April 15, 2020, as part of its ‘Guidance and Leadership Thought’ series,” he added.

At the event, the award was presented to the Head of Corporate Communications at the NSE, Mr Olumide Orojimi, by the Chairman of Lagos NIPR, Mr Segun Mcmedal, and a member of the NIPR, Ms Agnes Shobajo.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

more recommended stories

%d bloggers like this: