By Dipo Olowookere
A platform to allow investors have vital information about companies listed on the Nigerian Stock Exchange (NSE) has been launched.
Called the NSE Investor Relations (IR) Data Pack, it is an innovative and dynamic webpage integrated with key market data, corporate news and disclosures, for corporate issuers.
Chief Executive Officer of the NSE, Mr Oscar Onyema, described the initiative as solution that enables adequate exposure to capital market information.
While commenting on the unveiling of the IR Data Pack, he said with it, “Issuers can now drive a more robust market interaction on their corporate websites and potentially position themselves to attract more investors.”
According to him, “NSE is committed to building a market that thrives on innovation, and we will continuously adopt new technologies in providing customer-centric solutions to make financial services more inclusive whilst providing a superior customer experience in accessing and using capital.”
“Through the use of cutting-edge technologies, we are decentralizing business collaborations, which will allow global scale and transformation of not just The exchange’s business but that of NSE listed companies, in line with global digitalization trends,” he added.
Business Post gathered that the NSE Investor Relations Data Pack was designed to reduce the burden on issuers, by providing them with an intuitive investor relations webpage which can easily be integrated to their existing corporate websites.
Hosted in the cloud, it features enhanced interactive functionalities with 99.5 per cent uptime. The IR Data Pack was created with an easy-to-use, secure, and customizable interface to boost access and adoption.
Also commenting on the initiative, Head of Trading Business at NSE, Mr Jude Chiemeka, noted that, “NSE Investor Relations Data Pack is a necessary tool required by issuers to improve their engagement with investors.
“We came up with the IR program to provide value-added service to our issuers and make their daily market statistics available to investors in a real-time. It is a tool that will enhance their communication and outreach strategy to investors, analysts and other stakeholders.”
“As an exchange, we remain committed to bridging the information gap between the Exchange and market participants, knowing that the stock market thrives on information. The delivery of the IR Data Pack and associated services is an essential building block in the exchange’s strategy as it seeks to improve market participation and transparency, and facilitate informed investment decision making,” Mr Chiemeka added.
