NSE Boss Assures Capital Market Stakeholders of Continued Support

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By Goddy Egene

The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has said the Exchange will continue to provide support to capital market stakeholders.

Onyema stated this while receiving the ‘Best Regulatory Information Management Award’ from the Lagos Public Relations Industry Gala and Awards (LaPRIGA Awards) in Lagos recently.

According to him, the Exchange was indeed honoured to receive the recognition, saying that following the outbreak of the COVID-19 pandemic, which continues to affect the world economy, the Exchange 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, 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,” he declared.

He said the various advocacy engagements 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 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 15 April 2020 as part of its ‘Guidance and Leadership Thought’ series,” Onyema added.

He noted that the Exchange has continued to implement on its commitment improve market integrity, reduce market asymmetry and improve the flow of information into the market with the upgrade of several platforms. .

The award was presented by Chairman, Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR), Mr. Segun Mcmedal, and, Member, NIPR, Ms. Yeye Agnes Shobajo.

According to Chairman, Selection Panel, LaPRIGA Awards 2020, Muyiwa Akintunde, the award was presented to the NSE in recognition of its excellence in public relations and stakeholder engagement practices.

“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.