The Nigerian Exchange Group (NGX) is poised to revolutionize the capital market with the launch of a cutting-edge digital investment platform.
This innovative platform is expected to facilitate seamless and paperless transactions, including payment gateways, Know Your Customer (KYC) processes, and brokerage account management, making initial public offerings (IPOs) more accessible to a wider range of investors.
Temi Popoola, Group Managing Director of NGX, told journalists in Lagos on Wednesday that the platform will enable the efficient distribution of various services, highlighting the importance of collaboration and regulatory support.
He expressed his appreciation for the leadership and guidance of the regulator, the Securities and Exchange Commission (SEC), acknowledging the evolution of the digital market and the contributions of industry pioneers.
Popoola stated, “Currently, investing in Nigeria involves filling out paper forms and dealing with various challenges. Our goal at the Nigerian Stock Exchange is to digitise the entire process, making it seamless and paperless.
” This digital transformation will bring numerous benefits, including improved efficiency and reduced reconciliation issues.”
This development is expected to significantly enhance the Nigerian capital market, attracting more investors and promoting growth and innovation in the industry
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