The Nigerian Stock Exchange announced the launch of X-PO an online subscription platform for public offerings. This is after they receive a “No objection” letter from the Nigeria Securities and Exchange Commission (SEC).
X-PO stands out as Africa’s first end-to-end online public offering platform designed to enhance the experience of stakeholders in the value chain. This provides a smarter and efficient way to manage public offerings applications when visiting the bank.
As self-portal X-PO allows investors to subscribe and make public payment offers on the web and mobile (USSD) avoiding hassles of physical completion while submitting your public offering application forms.
Mr. Oscar N. Onyema, the Chief Executive Officer, NSE, commented on the launch by reinforcing the Exchange’s commitment to revolutionizing stakeholder experiences in Nigeria’s capital market while leveraging technology.
The Exchange continuously adapts technologies that help companies improve operational efficiencies while enhancing corporate governance which suits sustainable business operations. Players in the capital market – investors, issuing houses, registrars, banks, regulators, and brokers.