NSE launches e-Filing Portal, X-Filing

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NSE launches e-Filing Portal, X-Filing
The Nigerian Stock Exchange (NSE) on Monday, announced the launch of its e-Filing Portal and X-Filing to enhance securities listing in the capital market ecosystem.

X-Filing, which comes on the back of the recent upgrade to the NSE Issuers’ Portal, X-Issuer, is a fully integrated, secure web interface designed to enable the submission and processing of securities listing applications online.

The Executive Director, Regulations, NSE, Ms. Tinuade Awe noted that the launch of X-Filing was consistent  with The Exchange’s commitment to leveraging technology to drive regulatory objectives and ease compliance for stakeholders.

She stressed that automating the securities listing process of The NSE was a major milestone  in the quest to ease the burden of listing for applicants and to attract new listings.

Describing The Exchange as an agile one,  Ms. Awe said The NSE would continue to review its processes to ensure quick time to market as required by stakeholders. “We have adopted an integrated approach to ensure a seamless end-to-end process that will allow Issuers to manage their securities listings and other applications from anywhere they choose at any time.

“X-Filing is expected to facilitate a timely review process from The Exchange, ultimately improving the quality of its service delivery. The Portal has been designed to enhance our securities listing application processes, thereby improving Issuers’ experience. We are, therefore, confident that the features we have incorporated will enhance the competitiveness of the Nigerian capital market as a global listing destination,” Ms. Awe further stated.

X-Filing, according to Ms. Awe, is one of The Exchange’s dedicated efforts to remain globally competitive while enhancing its service delivery to stakeholders. “The Exchange remains committed to delivering products and services that meet the needs of its stakeholders, especially as we transition to a world of increased digital interactions”, she concluded.

The Portal provides Dealing Member Firms (DMFs) and other accredited sponsors with a simple, efficient and convenient way to submit securities listing applications on behalf of issuers as well as enable The Exchange to process the applications online, saving time and resources.

Accessible via, https://efiling.nse.com.ng, the Portal is equipped with features that allow the submission, review and approval of securities listing applications; generation of listing and application reports; and easy tracking of application status. Users of the Portal will also be able to check estimated listing and application fees and make payment online.

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