{"id":45583,"date":"2020-12-22T15:48:32","date_gmt":"2020-12-22T14:48:32","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=45583"},"modified":"2020-12-22T15:48:32","modified_gmt":"2020-12-22T14:48:32","slug":"nse-revolutionises-public-offerings-subscription-with-electronic-platform","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nse-revolutionises-public-offerings-subscription-with-electronic-platform\/","title":{"rendered":"NSE Revolutionises Public Offerings Subscription With Electronic Platform"},"content":{"rendered":"

The Nigerian Stock Exchange (NSE or The Exchange) has announced the launch of X-PO, an online platform for the subscription of public offerings (POs) on Friday, December 18, 2020, following the \u201cNo Objection\u201d letter received from the Securities and Exchange Commission (SEC).<\/p>\n

The X-PO, the first end-to-end online public offerings platform in Africa, is designed to enhance the experiences of stakeholders in the public offerings value chain, by providing a smarter and efficient way to manage public offers in the Nigerian capital market.<\/p>\n

As a self-service portal, X-PO allows investors to conveniently subscribe and make payments for public offers through the web and mobile (USSD), avoiding the hassle of physical completion and submission of public offering applications forms and visiting the bank for payment.<\/p>\n

Speaking on the development, the Chief Executive Officer, NSE, Mr. Oscar Onyema, noted that, \u201cThe launch of the X-PO platform reinforces The Exchange\u2019s commitment to revolutionise stakeholders\u2019 experience in the Nigerian capital market leveraging technology. The X-PO has been designed to enhance the efficiency of PO subscription process and operational workflow to support Issuers in raising capital and enhance the reach of POs while promoting financial inclusion and retail investors\u2019 participation in the market. Furthermore, X-PO will accelerate the reconciliation and allotment process for POs, as well as reduce the incidence of unclaimed dividends, thereby boosting investor confidence in the capital market.\u201d<\/p>

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The Exchange will continue to innovate and adapt to new technologies that will not only help companies improve operational efficiency, but also enhance corporate governance which is paramount for sustainable business operations. \u201cThe launch of the X-PO is particularly timely given the new normal occasioned by the COVID-19 pandemic. The platform\u2019s sustainable approach affirms NSE\u2019s commitment to deploying environmentally friendly business practices and promoting paperless public offer subscriptions. We have also taken into consideration the vital need for privacy and data protection, deploying the highest levels of security to ensure that stakeholders can enjoy a safe and secure digital public offering experience,\u201d Mr Onyema further stated.<\/p>\n

Players within the capital market \u2013 investors, registrars, issuing houses, brokers, banks and regulators \u2013 can expect to enjoy a wide range of benefits with the launch of X-PO.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Nigerian Stock Exchange (NSE or The Exchange) has announced the launch of X-PO, an online platform for the subscription of public offerings (POs) on Friday, December 18, 2020, following the \u201cNo Objection\u201d letter received from the Securities and Exchange Commission (SEC).<\/p>\n","protected":false},"author":6,"featured_media":37938,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[7925],"coauthors":[2391],"class_list":["post-45583","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-public-offerings-subscription"],"yoast_head":"\nNSE Revolutionises Public Offerings Subscription With Electronic Platform - National Wire<\/title>\n<meta name=\"description\" content=\"The Nigerian Stock Exchange (NSE or The Exchange) has announced the launch of X-PO, an online platform for the subscription of public offeri\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nse-revolutionises-public-offerings-subscription-with-electronic-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSE Revolutionises Public Offerings Subscription With Electronic Platform - 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