Saturday, June 20, 2015 8.05 PM / NASD OTC
The securities of Fumman Agricultural Product Industries Plc have been admitted to trade on the NASD OTC market following its introduction by Integrated Trust & Investments Limited. The symbol code for the securities is SDFUMMAN. This brings the total number of admitted securities on the platform to 22.
Cross-Border Partnerships: The Emerging Capital Markets Taskforce
The UK Foreign and Common Wealth Office launched the Emerging Capital Markets Taskforce in October 2014, aimed at deepening and developing capital markets in key emerging economies like Nigeria through innovative collaboration between the government, private sector and UK missions.
As one of the key players in the Nigerian Capital market, the NASD was selected to be a part of the Nigerian delivery group whose goals are to increase access to finance and develop the market as a whole. The agreement which has an initial tenure of two years will enable the working groups to share a pool of resources, enable capacity building, product innovation and the promotion of bilateral investor protection treaties.
The OTC Market can benefit from such partnerships by increasing awareness that it is a platform of choice for trading unlisted public securities and subsequently exploring the UK OTC market for potential partnership.
TOP 5 TRADING SECURITIES 2015 (YTD- 19 June 2015)
PI ACTIVITY – 2015
Stanbic IBTC Stockbrokers still leads the board as Arthur Steven Asset Management Limited and Valmon Securities Limited advanced to the 3rd and 6th positions respectively. Please see the leader board below:
Not in the table previously
Active broker/dealers: 84
Inactive broker/dealers: 8
Total broker/dealers: 92
MARKET IN NUMBERS (YTD - 19 JUNE 2015)