Information Management: NSE Bags Best Regulatory Award

-by our correspondent.

The Nigerian Stock Exchange (NSE) has been decorated with the Best Regulatory Information Management Award in recognition of its distinction in public relations and stakeholder engagement practices.

Head, Corporate Communications, NSE, Olumide Orojimi, received  the award, on behalf of the Exchange, from the Nigerian Institute of Public Relations (NIPR), at the 2020 Lagos Public Relations Industry Gala and Awards (LaPRIGA) held in Lagos.

The award was presented by the Chairman, Lagos State Chapter of the NIPR, Segun Mcmedal, and a female member of the Institute, Yeye Agnes Shobajo.

According to the Chairman of the selection panel, LaPRIGA Awards 2020, Muyiwa Akintunde, “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.”

Commenting on the award, the Chief Executive Officer of NSE, Oscar Onyema, said the local burse is privileged to receive the prize. “Following the outbreak of the COVID-19 pandemic, which continues to affect the world economy, The Exchange has demonstrated its resilience by maintaining seamless trading activities and business operations, whilst providing support to capital market stakeholders.” He pointed out.

Chief Executive Officer NSE, Oscar Onyema

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

According to the NSE boss, advocacy engagements has yielded significant outcomes including extension of time for Issuers to file Audited Financial Statements for the year ended 31 December 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  the first quarter of 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 15 April 2020 as part of its ‘Guidance and Leadership Thought’ series,”  Onyema  noted.

He restated the Exchange’s commitment to improve market integrity, reduce market irregularities and increase the flow of information into the market with the upgrade of several platforms adding that “in 2020, The Exchange released an upgrade to its Data Portal, X-Data Portal; Issuers’ Platform, X-Issuer; and its whistleblowing portal, X-Whistle.”

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