Friday July 12 2024
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: Nigeria
On 11th July 2024, Nigerian Exchange Group (NGX Group) launched NGX Invest, a digital platform designed 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 is now live for managing primary market transactions.
The launch of NGX Invest comes at a crucial time, coinciding with the Central Bank of Nigeria’s (CBN) Banking Recapitalisation directive, which has prompted numerous offers for subscription and rights announcements by Nigerian banks. Both the CBN and SEC have provided robust regulatory support for this initiative. Investors can now access the platform at https://invest.ngxgroup.com.
NGX Invest is designed to significantly enhance the efficiency of public offering subscriptions and rights issue processes, streamlining operational workflows to better support issuers’ capital-raising efforts.
Click on the above link for further information.
