The Nigerian Exchange Group (NGX Group) has introduced a WhatsApp subscription channel for its NGX Invest platform, providing investors with a convenient way to participate in public offers. This new channel allows investors to begin the subscription process by sending "Invest" to NGX Invest on WhatsApp at +234 812 731 9521. They can then follow the prompts to view eligible offers and complete the required subscription steps.
The WhatsApp channel is part of NGX Group's strategy to widen participation in Nigeria's capital market through technology and partnerships. The channel extends NGX Invest's growing distribution ecosystem, which connects issuers to investors through over 100 distribution channels. These channels include stockbrokers, banks, fintechs, mobile operators, and other financial institutions via API connectivity.
To use the WhatsApp channel, investors will select a stockbroker through whom their application will be processed. This ensures that brokers remain an integral part of the investment journey. The integration of WhatsApp into NGX Invest aims to reduce friction in the investment process and bring primary-market opportunities closer to investors.
The NGX Group emphasized that security remains central to the design of the investor journey. While WhatsApp provides the interface through which investors can access the service, subscriptions are processed through NGX Invest's secure, regulated infrastructure. Investors are encouraged to interact only with the official NGX Invest WhatsApp number.
The introduction of the WhatsApp channel provides an additional route for issuers to reach a broader pool of potential investors and support more efficient capital raising. This development is part of NGX Group's broader strategy to use technology, partnerships, and open distribution infrastructure to widen participation in Nigeria's capital market.
Investors can access the WhatsApp channel by sending "Invest" to NGX Invest on WhatsApp at +234 812 731 9521. They will then be guided through the subscription process, which includes selecting a stockbroker and completing the required subscription steps. The NGX Group has assured investors that their sensitive credentials should never be shared with third parties.
The NGX Group's WhatsApp channel is a significant innovation in Nigeria's capital market, providing investors with a convenient and secure way to participate in public offers. The channel is expected to increase participation in the capital market and provide issuers with a more efficient way to raise capital.
Key points
- The WhatsApp channel provides investors with a convenient way to participate in public offers.
- The channel extends NGX Invest's growing distribution ecosystem, connecting issuers to investors through over 100 distribution channels.
- Security remains central to the design of the investor journey, with subscriptions processed through NGX Invest's secure, regulated infrastructure.
