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.
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
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. |
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 |