Securities Trading

Public Securities Tradable on the NASD OTC Securities Exchange is grouped into either of the three list:

ADMITTED SECURITIES 
Entry into the NASD OTC Securities Exchange for trading can be through an Admission of the Company (Issuer-led Listing) or an Admission of Securities – an investor-led Introduction.

Admitted Securities are Plc’s and SEC Registered. Find the list of Securities Admitted to Trade on NASD OTC Securities Market;

Find NASD Categorization of the Securities trading indicating the Issuer’s level of compliance with market regulations – NASD Securities Categorization

QUOTATION LIST
Public Securities Tradeable, SEC Registered and awaiting Admission into the NASD OTC Securities Exchange.

Contact your broker to admit shares of a PLC not trading on any registered Exchange in Nigeria.

WATCH LIST
Public Securities Tradeable, NOT SEC registered.

Contact info@nasdng.com to admit shares for this category.

ADMITTED SECURITIES

NASD caters mainly to securities that are not trading on any other platform in Nigeria – both to avoid duplicating markets and to effectively increase financial inclusion.

Securities admitted to the OTC market are either by an investor introduction (Security Admission) or on application by the Issuer (Admission of Company).

Security Admission

An Admitted Security is introduced by a Participating Institution and admitted to trade on the NASD OTC Market.

This route affords individual Investors an opportunity to trade their holdings in public companies.

Investors who have share certificates of public companies not trading on any registered Exchange and wishes to trade can introduce the “security for trading” through a Participating Institution by completing: NASD Form 3- Security Admission. Please find admission requirements here.

Admission of Company
An Admitted Company is an entity that has formally applied to NASD for listing. The company is ranked and placed on one of the NASD Market tiers according to its level of compliance with NASD Admission Requirements.

Issuers/Companies, through an Issuing house/Participating Institution can be admitted to the NASD OTC Securities Exchange by completing – NASD Form 2 – Company Admission . Please find admission requirements here.

Find the list of Securities Admitted to Trade on NASD OTC Securities Exchange;

Find NASD Categorization of securities trading indicating the Issuer’s level of compliance with the market regulations – NASD Securities Categorization

QUOTATION LIST

Public Securities Tradeable, SEC Registered and awaiting Admission into the NASD Securities Exchange. Contact your broker to admit shares of a PLC not trading on any registered Exchange.


Company Share Industry Sector Description
Abuja Electricity Plc 15,000 Utilities Power Distribution One of the 11 power distribution companies in Nigeria , distributing power to residents of Abuja
Benin Electricity Distribution Plc 15,000 Consumer Services Power Distribution Responsible for retail distribution of electricity in Delta, Edo, Ekiti, and Ondo States.
Continental Reinsurance PLC 5,186,372 Financials Insurance
Dana Group of Companies Plc 4,500,000 Consumer Services Diversified Industrials The Business Model of Dana Group spans across various industries such as Pharmaceutical, Transportation and manufacturing.
Egbin Power Plc 25,000 Utilities Power Generation Power Generating Company
Eko Electricity Distribution PLC 249,300 Utilities Power Distribution Covers the areas of southern part of Lagos state and Agbara in Ogun state for retail distribution of electricity.
Enugu Electricity Distribution Plc 5,000 Utilities Power Distribution Retail electric power distribution company in the east
Geregu Power Plc 5,000 Utilities Power Generation Power generation company registered and domiciled at Itobe ? Ajaokuta Express Road, Ajaokuta, Kogi State
Ikeja Electricity Distribution PLC 25,000 Utilities Power Distribution One of Nigeria’s retail power distribution company. It is based in Ikeja, capital of the state of Lagos
Ikeja Hotel Plc 1,039,398 Consumer Services Diversified Industrials Provision of services in the hospitality industry, including the development of other tourist facilities.
IPWA PLC 61,500 Industrial Manufacturing A paint manufacturing company in Nigeria equipped with global standard facilities and tools for the manufacturing of standard paints.
Jos Electricity Distribution Plc 15,000 Utilities Power Distribution Incorporated in Nigeria to carry out the business of electricity distribution and retail sale in the state of Jos.
Kaduna Electricity Distribution Plc 15,000 Utilities Power Distribution One of Nigeria’s retail power distribution company.
Kano Electricity Distribution Plc 15,000 Utilities Power Distribution Responsible for distributing electricity between three states which are Kano, Katsina and Jigawa.
Lagos Building Investment Company Plc 3,882,047 Financials Mortgage Growing Mortgage and banking firm in Nigeria; it also extend granting mortgages to the middle income segment.
LAW UNION AND ROCK INSURANCE PLC 2,148,165 Financials Insurance First generation insurance company in Nigeria parading experienced prudent and sound professional underwriters.
Port-Harcourt Electricity Distribution Plc 5,000 Utilities Power Distribution Retail Power distribution company in Rivers state
Yola Electricity Distribution Plc 5,000 Utilities Power Distribution Retail Power distribution company in Yola, Adamawa.
Development Bank Plc 100,000 Financials Bank Generation Development Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria.

WATCH LIST

Public Securities Tradeable, NOT SEC registered. Contact info@nasdng.com to admit shares for this category.


Company Share Industry Description
PaulB Nigeria 125,000,000 Oil and Gas An indigenous contruction firm with operations in real estate and property development’ road construction’ oil and gas services etc.
Savannah Energy PLC 696,000,000 Energy An African focused British energy company’ with several assets and operations in Nigeria
ADM Energy PLC 2,147,483,647 Energy A natural resource investment company having its energy operations in various countries including Nigeria
Nirsal PLC 0 Financial A Non-bank financial institution’ stimulating flow of affordable investment into the agricultural sector

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