Market Review: NGX Admission on NASD, Will Boost The Nigerian Unlisted Securities Market
This edition of the Market Review show features Ifeoma Uba-Onubogu, Head Legal and Compliance as she speaks on the "Nigeria Exchange Limited Admission on NASD: Implications For The OTC Market".
She believed that it also underscored the importance of having companies that are ready to adhere to the rules and regulations guiding the Unlisted Securities Market.
In terms of the capitalization, the NASD official said the NGX shares will definitely boost the market and also have a positive impact on the NASD Securities Index, NSI.
For clarifications, she stated that the shares will reflect on the NSI in three months. This according to her will bring order and stability to the OTC market.
Looking at the activities of the NASD, she said the exchange was focused on serving as an innovative capital raising market, with initiatives like 'Venture Ramp', and its 'Crowdfunding Portal' which it expects SEC's approval to operate fully.