The Nigerian Stock Exchange (NSE) has launched a new online platform called X-PO is the first end-to-end online public offerings platform for subscription of public offerings (POs).
This was designed as Nigerian Stock Exchange continue to improve on innovation and adopt new technologies that will not only help businesses improve operational efficiency but also enhance corporate governance.
The platform is designed to improve the experiences of stakeholders in the public offerings value chain by providing a more smarter and effective way of managing public offers in the Nigerian capital market.
What you should know about NSE X-PO Platform
1.The X-PO is a self-service portal that allows investors to conveniently subscribe and make payments for public offers through mobile (USSD) and the web,this reduces the usual hassle attached to physical completion and submission of public offerings applications forms and going to the bank for payment.
2. X-PO will accelerate the reconciliation and allotment process for POs, as well as reduce the incidence of unclaimed dividends, thereby boosting investor’s confidence in the capital market.
3.The X-PO has been designed to enhance the efficiency of PO subscription process and operational workflow to support Issuers in raising capital and enhancing the reach of POs, while promoting financial inclusion and retail investors’ participation in the market.
4.The X-PO will accelerate the reconciliation and allotment process for POs, as well as reduce the incidence of unclaimed dividends, thereby boosting investor confidence in the capital market.”
5. X-PO take care of the vital need for privacy and data protection, deploying the highest levels of security to ensure that stakeholders can enjoy a safe and secure digital public offering experience.
6.The platform’s sustainable approach affirms NSE’s commitment to deploying environmentally friendly business practices and promoting paperless public offer subscriptions.