Securities Trading

Public Securities Tradable on the NASD OTC Securities Exchange is grouped into either of the Categories.

A. Admitted Securities List
B. Quotation List
C. Watch List.

ADMITTED SECURITIES
Entry into the NASD OTC Securities Exchange for trading can be through an Admission of the Company (Listing) or an Admission of Securities – an investor-led Introduction. Admitted Securities are Plc’s and SEC Registered. See list of Securities Admitted to Trade on NASD Admitted Securities ;
See NASD Categorization 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.

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

ADMITTED SECURITIES

Admission of Securities
NASD caters mainly to securities that are not trading on any other platform in Nigeria – both to avoid duplicating markets and also to effectively increase financial inclusion.
Securities admitted to the OTC market are either by investor introduction (Security Admission) or on application by the Issuer (Admission of Company).

Security Admission
Admitted Security is introduced by a Participating Institution and admitted to trade on the NASD OTC Market. This channel affords individual Investors an opportunity to trade their holdings in public companies.
Investors who have share certificates of public companies not admitted on any other registered Exchange and wishes to trade can introduce the “security for trading” through a Participating Institution.
Securities, through a Participating Institution can be admitted to the NASD OTC Securities Exchange by completing: NASD Form 3- Security Admission. Please find admission requirements here.

Admission of Company
An Admission 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 their level of compliance with the Admission Requirements.
Issuers/Companies, through a Participating Institution can be admitted to the NASD OTC Securities Exchange by completing - NASD Form 2 - Company Admission . Please find admission requirements here.

See list of Securities Admitted to Trade on NASD Admitted Securities ;
See NASD Categorization 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.

NameShare Capital IndustrySub-sector
Company Profile/Business Summary
Abuja Electricity Plc 15,000 UtilitiesPower DistributionOne of the 11 power distribution companies in Nigeria, distributing power to residents of Abuja
Benin Electricity Distribution Plc 15,000 Consumer ServicesPower DistributionResponsible for retail distribution of electricity in Delta, Edo, Ekiti, and Ondo States.
CONTINENTAL REINSURANCE PLC 5,186,372 FinancialsInsurance
Dana Group of Companies Plc 4,500,000 Consumer ServicesDiversified IndustrialsThe Business Model of Dana Group spans across various industries such as Pharmaceutical, Transportation and manufacturing.
Egbin Power Plc 25,000 UtilitiesPower GenerationPower Generating Company
Eko Electricity Distribution PLC249300UtilitiesPower DistributionCovers the areas of southern part of Lagos state and Agbara in Ogun state for retail distribution of electricity.
Enugu Electricity Distribution Plc 5,000 UtilitiesPower DistributionRetail electric power distribution company in the east
Geregu Power Plc 5,000 UtilitiesPower GenerationPower generation company registered and domiciled at Itobe – Ajaokuta Express Road, Ajaokuta, Kogi State
Ikeja Electricity Distribution PLC25000UtilitiesPower DistributionOne 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 ServicesDiversified IndustrialsProvision of services in the hospitality industry, including the development of other tourist facilities.
IPWA PLC 61,500 IndustrialManufacturingA paint manufacturing company in Nigeria equipped with global standard facilities and tools for the manufacturing of standard paints.
Jos Electricity Distribution Plc 15,000 UtilitiesPower DistributionIncorporated in Nigeria to carry out the business of electricity distribution and retail sale in the state of Jos.
Kaduna Electricity Distribution Plc 15,000 UtilitiesPower DistributionOne of Nigeria's retail power distribution company.
Kano Electricity Distribution Plc 15,000 UtilitiesPower DistributionResponsible for distributing electricity between three states which are Kano, Katsina and Jigawa.
Lagos Building Investment Company Plc 3,882,047 FinancialsMortgageGrowing 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 FinancialsInsuranceFirst generation insurance company in Nigeria parading experienced prudent and sound professional underwriters.
Port-Harcourt Electricity Distribution Plc 5,000 UtilitiesPower DistributionRetail Power distribution company in Rivers state
Yola Electricity Distribution Plc 5,000 UtilitiesPower DistributionRetail Power distribution company in Yola, Adamawa.
Development Bank Plc 100,000 FinancialsBank GenerationDevelopment Bank of Nigeria exists to alleviate financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria.
WATCHLIST

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

PLCSEC RegistrationShare CapitalIndustry
Business Summary
ANINO PLCno 12,800,000 Oil and GasAnino Plc is a publicly quoted Nigerian enterprise with vast interests in the energy sector.
Crownrise Finance PlcnoFinancialsCrownrise Finance Plc is a publicly owned non-bank financial institution