NSE TO INTRODUCE E-IPO PLATFORM

The Nigerian Stock Exchange, NSE, has commenced move towards introducing electronic-Initial Public Offering, e-IPO, in the Nigerian capital market, just as stock broking firms were charged to adopt technology in their services to clients to boost market participation. 

Speaking at the 22ND Chartered Institute of Stockbrokers, CIS, Conference in Lagos, with the theme: ‘‘Evolution of the Nigerian Capital Market Structure: Exploring the Next Frontier for Growth”, Mr Abimbola Ogunbanjo, President of the NSE, said that the Exchange has been in the fore front of deploying technology to boost stock market development. 

“The NSE is in the process of introducing e-IPO platform which will help boost market participation and enhance liquidity in the market” he added. He tasked stock broking firms and other operators in the capital market to deploy technology in their services to boost growth and participation in market activities. 

(Vanguard)