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Stock Watch:
Business > Capital Market
Nigerian bourse, Reuters sign MoU on investor relations services
By Nkechi Naeche
February 12, 2013 08:45:33am GMT | Views: 8
Nigerian Stock Exchange

WorldStage Newsonline-- The Nigerian Stock Exchange (NSE) said it has signed a Memorandum of Understanding (MoU) with Thomson Reuters to provide Investor Relations Services to listed companies on its bourse.

This is contained in a Joint Statement by Dante Ibidapo Martins, Head, Corporate Communications of the NSE and Tarek Fleihan, Tarek Fleihan, Manager, External Communications & PR Middle East, Africa & Russia / CIS of Reuters and made available to www.investadvocate.com.ng in Lagos Nigeria.

The NSE said the signing of the MoU is part of its Value Added Services (X-Value) bouquet to Listed Firms on its Bourse.

“The NSE launched its X-Value offering on November 30, 2012 as a key element of its business development efforts aimed at attracting new listings, creating a competitive edge for Listed Companies and retaining current listings. The initiative is also expected to improve investors’ interest in the Market through enhanced information and assist Listed Companies in complying with post listing obligations” the Statement said.

Taba Peterside, Head of Listings Sales and Retention of the NSE at the unveiling of the X-Value said that The Exchange would partner with various Local and International Organisations to provide services such as: Corporate Access, Investor Relations, Institutional Services Offering, Corporate Governance and Independent Equity Research to enhance the value proposition of listing on The Exchange.

She said the Investor Relations service is designed to enhance investor understanding of a Company’s strategic direction and encourage informed analysis on a Company’s performance through the provision of timely, appropriate and accurate information.

Peterside said this could help in lowering the cost of accessing global Capital Markets as well as improve a Company’s Market reputation and visibility.

“With this initiative, global best-practice investor relation solutions from Thomson Reuters will be available to the NSE’s listed companies. Thomson ONEInvestor Relations will help companies manage their IR program workflow, including monitoring market activity, understanding investor behaviour and managing investor outreach.Thomson Reuters IR Websites will ensure companies are delivering a high standard of disclosure, providing investors with quality and professional investment information” the Statement said.

On his part, Keith Nichols, Managing Director (MD), Africa, Thomson Reuters, said: they are delighted to roll out the IR project with the NSE. “Thomson Reuters provides integrated solutions across the investor relations workflow and we look forward to help NSE’s Companies comply with the regulatory requirements and effectively communicate with institutional and retail investors” Nichols said.

Haruna Jalo-Waziri, Executive Director (ED) Business Development Division of Nigeria’s Exchange advised Listed Companies to take advantage of the first rate Investor Relations package to improve their visibility to both Local and International Investor Community

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