Access Holding Company Plc’s Chairman, Aigboje Aig-Imuokhuede, has expressed strong approval of the Nigerian Exchange Group’s (NGX) digital advancements, particularly following the successful completion of its N351 billion Rights Issue. Aig-Imuokhuede emphasized how NGX’s cutting-edge E-offering platform, NGX Invest, played a crucial role in facilitating a seamless, efficient, and convenient experience for shareholders, significantly reducing participation barriers.
The success of the Rights Issue, where Access HoldCo became the first bank to comply with the Central Bank of Nigeria’s (CBN) Banking Recapitalization directive, underscores the platform’s robustness. Aig-Imuokhuede highlighted the platform’s ability to support issuers’ growth and business objectives, reinforcing the importance of digital transformation in Nigeria’s capital markets.
Temi Popoola, Group Managing Director and CEO of NGX Group, further emphasized the pivotal role NGX Invest plays in the exchange’s broader digital strategy. The platform is designed to simplify the process of securities distribution, offering a user-friendly interface that allows investors to easily onboard and verify their identities via the Nigeria Inter-Bank Settlement System (NIBSS) using their Bank Verification Number (BVN). According to Popoola, NGX Invest has transformed the traditionally complex and time-consuming investment process, enabling greater participation from investors across Nigeria, including underserved areas.
This collaboration between Access HoldCo and NGX reflects a growing trend towards digitization in Nigeria’s financial markets, aiming to enhance accessibility and foster growth within the sector.