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2017/2018 NSE FACT BOOK 2017/2018 NSE FACT BOOK
The Performance Documentary of Listed Nigerian Companies The Performance Documentary of Listed Nigerian Companies

2. Nigeria in the Fourth Industrial 3. NSE Strategy Execu on 2017 · Strategic Partnerships: Signed a MoU with the Casablanca 2. Focusing on retail investors: The Exchange will increase its
Stock Exchange (CSE) to promote market integra on, new focus on growing retail par cipa on as a key component of a
Revolu on The NSE made steady progress within its strategic focus lis ngs and exchange of informa on. well-func oning and resilient market. To this end, we will be
· MSCI Partnership: Progressed development of NSE/MSCI co- partnering with market stakeholders to deliver a number of
areas set out at the beginning of the year. Demutualiza on
The year 2017 saw financial ins tu ons push the envelope branded indices. financial literacy and investor outreach ini a ves which
in their explora on of emerging technologies in response remained a chief strategic focus for 2017. Through targeted align with exis ng plans (such as the Capital Market Master
to increasing digitaliza on and shi ing customer engagement efforts with our members, SEC, NASS, CAC and 3.3. Investor Protec on Plan and the Na onal Financial Literacy Plan); as well as
other key stakeholders, we achieved the broad-based
expecta ons. The transforma ve impact of emerging · Corporate Governance Ra ng System (CGRS): Rolled out undertake new ini a ves that can help drive a more radical
technologies became even more apparent in the capital support required to secure approval for demutualiza on CGRS to all listed companies; cons tuted CGRS Steering change. At the crux of our efforts, is the establishment of a
markets as exchanges across the globe successfully from The Exchange's members and successfully progressed Board to approve results of CGRS cer fica on exercise Retail Coverage Department, which will be dedicated to the
deployed technologies such as cloud, distributed ledgers the Demutualiza on Bill through the reading and public (Q1'18 announcement). development and publicity of simple, affordable and efficient
hearing stages of the law making process. As ar culated in · Data Centre Upgrade: Completed a new Tier III designed investment products and services that can effec vely
(“blockchain technology”), big data and predic ve
the Bill, it is an cipated that the demutualiza on of the NSE Data Center. support the Nigerian populace –at various stages of financial
analy cs to op mize processes and rollout new business · E-Dividend Drive: Supported investors to process unclaimed mobility – to create durable wealth.
models. Some of these ini a ves include: the launch of will further catalyze the development of a dynamic, dividends under the E-Dividend Registra on Ini a ve, in
Bitcoin Futures by the CME and CBOE; the Australia Stock transparent and efficient capital market, which is cri cal to partnership with the SEC. 3. Reorganiza on for Op miza on: The Exchange is
Exchange's (ASX) move towards permissioned ledgers in Nigeria's socio-economic development. · Investor Protec on Fund: The IPF Board of Trustees restructuring to drive our new Corporate Strategy. There are
equity market clearing and se lement; and the growth of con nued to pay out substan ated claims pursuant to the a number of new departments that have emerged to support
In 2017, we amplified our efforts to establish West Africa's NSE IPF rules. our evolving strategic ambi ons, which are primarily geared
NASDAQ's alpha business.
first exchange traded deriva ves (ETD) market and towards innova on, emerging technologies and retail
achieved a number of key milestones during the year. 3.4. Corporate Ci zenship par cipa on. We are op mis c that the new structure will
The prevailing Fourth Industrial Revolu on offers Nigeria a · Sustainability: Progressed dra Sustainability Disclosure support us to be er execute on our 2018- 2021 Strategic
'leapfrog opportunity' to achieve sustainable economic These include the: (i) comple on of dra rules; (ii)
development of product specifica ons; and (iii) market- Guidelines for all listed companies. This is currently pending Plan, enhance organiza onal dynamics and achieve new
growth by: SEC approval. efficiencies as we demutualize.
wide trainings on deriva ves and Clearing Counterparty
· Educa on Interven on Programs: Built and donated the
(CCP) transac ons. We also worked to create and enhance
i. Empowering a larger propor on of the populace to be Maisandari Alamderi Model Nursery and Primary School to Over the course of 2018 we will provide further
included in financial markets (e.g. capital markets, legal and regulatory frameworks which support deriva ve help Internally Displaced Persons (IDPs) in Borno state. informa on on our strategic ini a ves, in terms of the
banking, insurance, pension, etc.) by leveraging instruments, and have made significant progress towards · Financial Literacy Tour: Reached 57,666 beneficiaries progress, market impact and benefits to our valued
securing approvals to opera onalize these frameworks. (13,520 students) through 175 programs.
emerging technologies; stakeholders.
We believe that these efforts have posi oned us past the · Corporate Challenge: Raised N44.65Mn for mobile cancer
ii. Unlocking efficiencies in product and service delivery for
financial ins tu ons; and most significant roadblocks on the path towards an ETD units in the fourth edi on of the annual 5km race.
iii. Increasing the transparency of the Nigerian financial market.
system.
Other achievements during the year include: 4. NSE 2018 – 2021 Strategic Plan
Indeed the Nigerian Capital Market has embraced
3.1. Market Development In keeping with its object of taking a vigorous and adap ve
emerging technologies to some degree. The NSE for · X-Academy: Launched the NSE's educa onal ins tute in June
example employs predic ve analy cs in our market 2017, to empower financial market professionals in Africa. It approach to strategy execu on, the NSE re-assessed its
surveillance system, SMARTs. However, the overall has delivered eight (8) programs to 1,279 par cipants to strategic agenda in light of changing dynamics in both the
par cipa on of the Nigerian capital market remains far less date. opera ng environment and the global exchange landscape
than that of our counterparts in developed and emerging · Compe ve Pricing Structure: Con nued phased against the backdrop of the fourth industrial revolu on.
economies, a trend which must be reversed to ensure that implementa on of SEC/NSE pricing recommenda ons. This culminated in a new corporate strategy for the 2018 –
Nigeria remains a globally compe ve investment · Capacity-building events: Hosted the NSE's inaugural Sub- 2021 period.
des na on. Saharan REITs conference; Green Bond Conference; Market
Data Workshop; and Deriva ves Conference. In redefining its strategic ambi ons, the NSE selected three
· Stakeholder engagement: Ramped up engagement with (3) key focus areas to pursue to enhance our global
This means that a broader collabora ve effort from
key stakeholders (both public/private sectors and compe veness and appeal to stakeholders. They are
regulators, market stakeholders and other private en es domes c/interna onal) to promote market-friendly policies
is required to determine which emerging technologies to and drive development of the capital market. based on (i) sa sfying our customers; (ii) boos ng our
pursue within our markets and local context. The NSE retail segment penetra on and; (iii) enhancing our
con nues to monitor the changes on the horizon, and is 3.2. Business Development organiza onal agility.
open to partnering with private and public en es in its · Product Launches: Collaborated with the DMO/FGN to
pursuit of game-changing technologies that have the launch the FGN Savings Bond and started work on building 1. Enhancing our Customer Focus: The NSE is taking a greater
poten al to catalyze growth in the Nigerian capital market. an enhanced mutual fund distribu on pla orm. focus on “deligh ng” our customers across the value chain.
We are commi ed to be er understanding and mee ng our
customers' diverse needs by leveraging adap ve new
2017/2018 NSE FACTBOOK aimed at suppor ng this objec ve. 2017/2018 NSE FACTBOOK
technologies, and will be carrying out a series of ac vi es

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