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Give Them Cash, Will They Thrive?

Proshare

Friday, July 14, 2017 6:10PM / NASD Plc

Are SMEs truly important in boosting the economy of a country? If they are, what other obstacles are limiting their growth...asides cash?

The Nigerian Association of Small and Medium Enterprises (NASME) held its maiden business roundtable to explore options that are available for MSMEs inclusion and growth in the economy. The Keynote speaker, Professor Segun Ajibola Ph. D FCIB noted thatcapital ranks as the sixth factor on the list of obstacles that MSMEs are faced with. Other factors include the ease of doing business, poor infrastructure, unhealthy corporate governance practices, lack of business continuity, and even cash...

Lagos State , through LSETF has made finance options available for MSMEs. However, these options will charge an obligatory 5% or more. On a growing business, these options may do more harm than good to the long-term sustainable growth of such enterprises. What then is the solution?


NASD presents an option...


What if, qualified enterprises can be packaged into a standardized form and presented to Venture Capitalists, Private Equity and other Accredited Investors who are seeking alternative investment opportunities? Not only with these enterprises get the required operational capital, they will be exposed to higher levels of corporate governance, discipline in financial reporting and disclosure, and a strategic partner to quickly cultivate strategies for growth


NASD shall launch its Enterprise Portal to provide this service in the 4th Quarter. Enterprises are hereby encouraged to begin to put their books in order in anticipation of the NASD Enterprise Portal (NASDeP)


The Week in Review

NASD closed its trading day on Friday 14 July 2017 lower compared to last Friday. The Market Capitalisation shed 2% to close at 412.3 billion against 421.12 billionpreviously. The NASD USI also closed 2% lower at 609.26 points, as against 622.35 points last Friday.



Trade Summary 
NASD OTC Securities Exchange currently trades Equity and Bonds. Of the 34 securities admitted to trade on the OTC Market,  Central Securities Clearing System Plc (CSCS) and Friesland Campina Wamco Nigeria Plc led the market this week by Volume and Value respectively to close the week. 







Top Performing Participating Institutions 
Our community consists of 232 Authorised Traders, representing 128 Participating Institutions.. 



Market in Numbers (YTD)


 

Corporate Information
Notice is hereby given that the 19th Annual General Meeting of the members of ARM Life Plc. (SDARMLIFE) will hold at The Darlingtion Hall, Plot CDE Industrial Crescent, Off Town Planning Way, Ilupeju Lagos on  Wednesday 19 July, 2017 at 2:00pm. 

Notice is hereby given that the 22nd Annual General Meeting of the members of Niger Delta Exploration and Production Plc. (SDNDEP) will hold at The AGIP Hall, Muson Centre, Onikan, Lagos on  26 July, 2017 at 11:00 am. 

Notice is hereby given that the 3rd Annual General Meeting of the members of Nigeria Mortgage Refinance Company Plc. (SDNMRC) will hold at The Panoramic View Hall, Civic Centre, Victoria Island, Lagos on  Wednesday 2 August, 2017 at 11:00 am.


Macroeconomic Indicators


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