The Nigerian Exchange Limited, a member of the Nigerian Exchange Group, said it is ready to launch a digital platform that will help listed companies raise capital with much ease on its platform.
The unveiling of the groundbreaking digital platform is however subject to the approval of the Securities and Exchange Commission.
According to the NGX, the platform aims to revolutionize the public offerings and Rights Issue process in the Nigerian capital market by providing a smarter, more convenient, and more efficient way to manage public offers.
The Director General of the Securities and Exchange Commission, Emomotimi Agama, is expected to grace the occasion of the unveiling of the platform during a press conference and market engagement forum being organized by NGX on Wednesday.
Addressing the digital transformation agenda, the Group Managing Director/Chief Executive Officer, NGX Group, Temi Popoola stated, “The future of our business and the capital markets hinges on technology. That is why we are driving this digital transformation journey across our subsidiaries through the Group. NGX Group’s digital transformation will democratize access to public issuances for every Nigerian with a mobile phone, supporting capital-raising efforts for companies. Additionally, we aim to commercialize our technology solutions and expand our footprint across Africa.”