NSE Upgrades X-Issuer for Market Integrity
By Modupe Gbadeyanka
The Issuers’ Portal (X-Issuer) of the Nigerian Stock Exchange (NSE) has been upgraded to further enhance the compliance and regulation experience of companies listed on the bourse.
The X-Issuer is one of the exchange’s dedicated efforts to improve the level of services it provides to the market while enhancing its ability to compete effectively in the global marketplace.
A statement issued by the NSE on Monday, July 6, 2020, stated that the enhanced X-Issuer, accessible via, https://ip.nse.com.ng, comes with modern layout, improved functionalities and new user-friendly features.
Few of the new features include the Release Calendar Module to allow issuers proactively file corporate actions and upcoming meetings, and an information channel for Fund Managers to share information about their funds.
According to the Chief Executive Officer of NSE, Mr Oscar Onyema, “This upgrade affirms our commitment to eliminating information asymmetry in our market and protecting investors.
“The X-Issuer has, therefore, been enhanced to ensure that investors, analysts and other stakeholders are better able to evaluate data in an accurate, timely and more efficient manner.
“We are positive that the improvements we have incorporated will achieve greater transparency, integrity and accountability in our capital market; facilitate informed investment decision-making while providing an enhanced experience for issuers.”
On her part, the Executive Director, Regulation Division, NSE, Ms Tinuade Awe, stated, “At the NSE, we understand the importance of information in driving a vibrant capital market.
“As such, we are pleased to introduce the revamped X-Issuer to the market with its new features that will enable easy, convenient and more reliable submission and dissemination of company information, corporate actions, directors’ and insiders’ share dealing information, financial statements, earnings forecasts, meeting notices, and much more.
“We believe that the upgraded X-Issuer will further enhance the experience of issuers and expedite the discharge of post-listings obligations in a cost-effective and efficient manner.”
X-Issuer, which was first launched in 2013, is a secure web-based portal designed to enable listed firms to conveniently file information in an electronic format to the exchange.
It is a key regulatory initiative of the NSE, developed to ensure electronic delivery of Issuers’ mandatory filings and other information in a structured and continuous manner to capital market stakeholders.
The exchange, in the statement, reaffirmed its commitment to investing in business innovation and technological enhancements that will enable it to meet the needs of its stakeholders especially as it transitions to a world of reduced physical interactions.