NASD Plc Signs MoU with Proshare Nigeria Limited


Monday, August 08, 2016 6:09pm /NASD OTC

NASD Plc and Proshare Nigeria Limited, Nigeria’s premier Economic and Financial Information Hub, on 2 August 2016 demonstrated their organisation’s commitment towards promoting transparency in the Nigerian Capital market following the formal execution of a Memorandum of Understanding [MoU] which amongst others outlines the terms for the publication of information related to the OTC market to investors.

It is expected that with the increase in credible information distribution on the NASD OTC Market, investors will be better equipped to make informed decisions on the market.

New Participating Institution Joins the NASD OTC Market 
The NASD OTC community continues to grow as a new Participating Institution, Fidelity Finance Company Limited, was approved on the OTC Market this week. The registration of the firm as Broker/Dealer on the Market brings the total number of Participating Institutions to one hundred and sixteen (116).

We wish them successful trading on the NASD OTC platform.

New security admitted to trade: NASD Plc.  

The securities of NASD Plc have been admitted to trade on the OTC Market and were introduced by Cashcraft Securities Limited. The security is now represented by the code SDNASDPLC on the OTC Market which signifies that it can be freely traded. This new addition brings to the total number of securities to 30. 

Unlisted Securities Index
As at Friday, 5 August, 2016, the index closed at 661.73.

Frequently Asked Questions of the Week

What is Proshare Nigeria Limited?

PROSHARE Nigeria was founded in December 2006 as a niche news and analysis service. It has grown to become Nigeria’s No#1 Financial Information Hub; with key focus on markets, business, personal  finance, economy, start-ups, technology and regulation. Its key proposition is the delivery of a service that is credible, reliable and timely.  

How will the MoU between NASD and Proshare benefit the Market?

Through the signing of the MoU, investors can take advantage of real-time market and corporate information related to the OTC market and its listed companies, that will be available on This will aid aid price discovery and decision making. It will also enhance transparency of activities on the NASD OTC Market. 

PI Activity 
Top 5 Trading Securities (YTD) - By Volume

Top 5 Trading Securities (YTD) - By Value 

Top 10 Participating Institutions By Value- as at 5th August, 2016 

Top 10 Participating Institutions By Volume- as at 5th August, 2016 

Market in Numbers (YTD- 5 AUGUST, 2016)

Closing Prices As At 5 August, 2016

Macroeconomic Data As At 5 August, 2016


†- National Bureau of Statistics

‡- Central Bank of Nigeria

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