NSE upgrades​ X-Issuer to enhance market integrity

The Nigerian Stock Exchange (NSE) has raised the standard bar of its Issuers’ Portal (X-Issuer).

The X-Issuer which was first launched in 2013, is a secure web-based portal designed to enable Issuers 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 enhanced X-Issuer, accessible via, https://ip.nse.com.ng, comes with a modern layout, improved functionalities, and new user-friendly features to further enhance the compliance and regulation experience of Issuers.

“Some 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,” management of the exchange stated in a press statement on Monday.

Speaking on the development, Oscar Onyema, Chief Executive Officer, NSE, noted that the latest move affirmed the Exchange’s commitment to eliminating information asymmetry in the 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, he said.

“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,” he stressed.
meanwhile, Ms. Tinuade Awe, the Executive Director, Regulation Division, NSE, stated that the management understands 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.

She believed 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.