Friday, March 02, 2018 /6:25 PM / NASD Plc
More importantly the plan recognises the need for private sector participation to attract private sector capital for industrialisation.
During this week, the drivers of the ERGP, The Ministry of Budget and National Planning in collaboration with Nigerian Investment Promotion Commission moved the plan into action by holding a sensitisation program on “focus labs”. (Virtual rooms set up to assist job creation and ease investments flow into the six ERGP priority sectors of Agriculture and Transport, Manufacturing and Processing, and Power and Gas.). By opening the labs, the Ministry and NIPC intend to smooth out bottlenecks and ease investment flows into pre-screened projects that meet defined criteria.
In sync with the federal government’s efforts to identify worthy and promising projects, NASD has created an enterprise portal that will showcase growth-oriented enterprises in a standardised formal. We believe this will be a critical feeder into the Focus Labs and a strong complement to the aspirations of the ERGP. Currently NASD has signed onboarded some strategic partners and Incubator companies into an online environment. Ultimately assisting in easing investment flows into worthy, critical and sustainable projects.
Even as we venture upstream into primary markets, NASD’s mission will continue – creating liquidity… transparently
The NASD OTC Market extends its week-on-week momentum, as the NASD USI advanced by 1.45%, closing at 674.45 points (as against 664.76 points last Friday). Consequently, total market capitalisation increased by 1.45% this week, closing higher at ₦456.42 billion compared to ₦449.86 billion last Friday.
NASD OTC Securities Exchange currently trades Equity and Bonds. Of the 36 securities admitted to trade on the OTC Market, Friesland Campina Wamco Nigeria PLC both led the market by volume and value.
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