… Opens registration for 5th corporate challenge 5km race, to fight cancer
MON, AUGUST 06 2018-theG&BJournal-The Nigerian Stock Exchange (NSE or The Exchange) last week Friday August 3 2018 launched the X-Pay, the e-payment platform for the Exchange, which will enable users to conveniently make payments for products, services, events and trainings offered by the bourse.
X-Pay, located at https://xpay.nse.com.ng, can be accessed on PCs, tablets, smartphones and other mobile devices. With features like invoice payments, intuitive products display, dynamic search functionality, X-Pay is a value-added service that accepts VISA, MasterCard Verve and UnionPay credit and debit cards. The platform aims to deliver a faster and safer payment method which is protected by best in class IT and card security features, in line with global best practices.
Speaking on the development, Mr. Bola Adeeko, Head Shared Services Division, NSE, said, “we are thrilled to launch X-Pay, a solution that builds on our customer centric focus and our efforts to transform the Nigerian capital market into a more efficient model. X-Pay reinstates our commitment to move towards cashless transactions and build a sustainable cashless ecosystem, while satisfying users’ preferences for self-serve bill payment options that is convenient and secure”.
According to Mr. Adeeko, NSE is leveraging the power of innovation and digital technology to improve its efficiency and reduce the cost of transactions. “With X-Pay, our stakeholders will now enjoy easy access to a wider catalog of our products and services, be able to select and purchase from anywhere, at any time. Not only will X-Pay be convenient, it will also provide huge opportunity for NSE to maximize its capacity and realize increased efficiency through automated processes and better data integration”, he added.
The Nigerian Stock Exchange continues to take huge strides in the digitization journey and position itself as a world class Exchange with best-in-class technology.
- In 2013, NSE launched X-GEN which is the fastest trading platform in Africa with low latency capabilities.
- The bourse implemented TradeSmart to assist its Dealing Member firms in achieving a broader reach, leveraging mobile phone penetration in the country
- NSE has also deepened its regulatory capabilities and facilitated the achievement of better compliance and monitoring by both issuers and operators by implementing platforms such as X-ISSUER and X-BOSS.
- The Exchange also lunched the X-Smart which brings an unprecedented level of surveillance technology into the market.
- Last year, NSE launched a state-of-the art Data Centre as part of its tradition of pioneering far-reaching innovations within the Nigerian capital market.
Meanwhile, The Exchange” or “NSE has announced that the 5th edition of the annual NSE Corporate Challenge, scheduled to take place in Lagos at 7:00a.m on Saturday, September 15, 2018, at the Muri Okunola Park, Adeyemo Alakija Street, Victoria Island, Lagos, is open for registration.
Started in 2014, the NSE Corporate Challenge is a one-day competitive and fun-filled 5 kilometre walk, jog and run event, primarily designed to raise awareness on the early detection and funds to support the fight against cancer in Nigeria. The day’s activities will also include dance, aerobics, music and entertainment. Winners in the various race categories will be recognized as part of an awards ceremony at the end of the race.
This year’s event will bring together participants from listed and non-listed companies, dealing member firms, non-commercial organizations such as Federal, State and Local Governments, Quasi-Governmental Organizations, Educational Institutions and Non-Governmental Organisations; as well as celebrities and other notable Nigerians to support the fight against cancer. Interested participants are encouraged to register online at www.nse.com/corporatechallenge with a fee of N200,000, N400,000 and N500,000 per team of up to 5 members for dealing member firms, listed companies and non-listed companies/non-commercial organizations respectively.
Cancer epidemic in Nigeria is huge and is set to rise if urgent actions are not taken to raise awareness about the disease and to develop practical strategies to address the increasing cancer burden. Data from the ‘Rapid Assessment of the Prevention and Control of Cancer in Nigeria’ report by the Wellbeing Foundation Africa (WBFA), show that cancer is responsible for 72,000 deaths in Nigeria every year, with an estimated 102,000 new cases annually.
Reaffirming the commitment of The Nigerian Stock Exchange to fighting cancer, Mr. Bola Adeeko, Head, Shared Services Division, NSE, said, “The Exchange has been at the forefront of cancer awareness and advocacy for the provision of screening and treatment facilities. Our commitment is unwavering, as we will continue to use the NSE Corporate Challenge platform to create awareness and raise funds to win the race to erase cancer. This deliberate intervention is imperative because of the statistics of life claimed by cancer and the fact that one third of these cancers are actually treatable”.
“By leveraging our access to a vast network of employees and clients of our listed companies, dealing members and other stakeholders, we believe we can work together in scaling up access to cancer screening services for early detection of cancer and provision of treatment and palliative care services to diagnosed patients”.
“From past editions of the NSE Corporate Challenge, we have been able to raise N57,362,624 which is geared towards the purchase of MCCs. For the 2018 edition, we have received support from our list of growing sponsors, such as Dangote Group, StanbicIBTC, FCMB and Chellarams. No one should fight cancer alone, I therefore call on other institutions and individuals to support this cause with the goal of multiplying efforts to prevent avoidable deaths. Together, we truly can make cancer a distant memory for future generations”, said Adeeko.
The NSE Corporate Challenge which is now in its 5th year, has been highly successful, recording more than 2,035 runners from over 306 institutions, comprising c-suite level executives, top government officials and celebrities. Celebrities such as Ali Baba, MI Abaga, Burna Boy, Seyi Shay, Dolapo Oni-Sijuwade, Gideon Okeke, Debola Williams, Tina Mba, Simisola and Yung6ix amongst others, have at some point thrown their weight behind the NSE Corporate Challenge. The race has also enjoyed huge publicity from both our traditional and digital media partners.
