Nigerian Exchange Group Plc has launched ‘NGX Invest’, a cutting-edge web application designed to transform the primary market equity capital-raising process, specifically public offers and rights issues.
This innovative platform aims to enhance efficiency and ensure regulatory compliance for all stakeholders in the capital market.
NGX Invest represents a significant leap forward in digitalizing the equity capital raising process.
By minimising paperwork and offering a streamlined digital experience, the web app is poised to revolutionize interactions among issuers, brokers, institutional investors, and retail investors within the primary market.
Stakeholders will benefit from the enhanced efficiency, streamlined due diligence capabilities, ease of use and accessibility, faster information dissemination and seamless compliance with regulatory requirements among other features provided by the platform.
The Group Managing Director/Chief Executive Officer of NGX Group, Temi Popoola, commented on the significance of this launch, “Today marks a pivotal moment in the evolution of the Nigerian capital market with the launch of NGX Invest. This platform not only enhances efficiency and reduces paperwork but also introduces unprecedented accuracy and speed to the capital-raising process. By infusing robust Know Your Customer (KYC) and Anti-Money Laundering measures, we are also ensuring a secure and compliant investment environment, fostering trust and confidence among all market participants. We believe NGX Invest will spur market development, bolster the technological capabilities of our operating exchange, Nigerian Exchange Limited, and significantly increase retail participation, ultimately contributing to the overall growth and liquidity of the market.”
In line with its commitment to market development, NGX Group introduces NGX Invest to the capital market following approval from the Securities and Exchange Commission.
A long-awaited development, the platform aims to boost retail participation in the capital market, promote financial inclusion and further deepen the pool of available capital in the market by enhancing its capabilities to fulfil the needs of Issuers and other market stakeholders.