Nigerian Exchange Group Launches NGX Invest Digital Platform To Streamline Public Offerings and Rights Issues
- NGX Group has launched NGX Invest, a digital platform to streamline public offerings and rights issues in the Nigerian capital market.
- The platform has received approval from the Securities and Exchange Commission (SEC) and aims to enhance transparency and accessibility in primary market transactions.
- Access Holdings Plc and Fidelity Bank Plc are already utilizing the NGX Invest APIs, and more banks are expected to join.
The launch of NGX Invest is a significant step towards digitizing and automating financial intermediation processes in the Nigerian capital market. It is expected to improve transparency, accessibility, and efficiency, attracting more retail investors and boosting economic growth. The platform's transformative potential and the support from regulators and stakeholders indicate a positive outlook for Nigeria's capital markets.
