The Nigerian Exchange Group, NGX Group, has introduced a WhatsApp subscription channel on its NGX Invest platform to expand access to public offers and simplify investor participation in capital market operations.
The new channel allows investors to view eligible offers and complete the subscription process through WhatsApp without downloading a separate application.
Investors can initiate subscriptions by sending “Invest” to the official NGX Invest WhatsApp number, +234 812 731 9521, and select a stockbroker to process their applications.
In a statement on Wednesday, NGX Group said the initiative would retain the role of stockbrokers in the investment process while providing investors with an additional digital channel for accessing public offers.
The group said NGX Invest currently connects issuers with investors through more than 100 distribution channels, including stockbrokers, banks, fintech companies, mobile network operators and other financial institutions through application programming interface connectivity.
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According to the group, integrating WhatsApp into NGX Invest is aimed at reducing barriers to participation in Nigeria’s primary market while providing issuers with another avenue to reach potential investors and support capital raising.
“Subscriptions through WhatsApp would be processed through NGX Invest’s regulated infrastructure,” the group said.
NGX Group added that the initiative forms part of its broader strategy to leverage technology and partnerships to widen participation in the Nigerian capital market.
The group advised investors to interact only with the official NGX Invest WhatsApp number and avoid sharing passwords, personal identification numbers, one-time passwords or other sensitive credentials with third parties.
It said its API connectivity with more than 100 distribution channels had helped connect issuers with a broader pool of investors and simplify participation in public offers.
NGX Invest is a Securities and Exchange Commission-approved electronic offering platform for public offers, rights issues and initial public offerings.
Since its launch in 2024, the platform has facilitated more than 23 primary-market transactions and supported capital raising of more than N3 trillion.
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