Raise Capital.
Grow With Confidence.
Access flexible capital solutions, increase visibility, and join a regulated market built to support ambitious companies across Nigeria and beyond.
Why Companies Choose NASD
We provide structured access to capital while supporting long-term growth.
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Access to Capital
Raise equity or debt from a broad base of investors.
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Market Visibility
Enhance credibility, transparency, and investor confidence.
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Flexible Pathways
Multiple markets designed for companies at different stages.
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Regulatory Structure
Operate within a secure, transparent, and compliant framework.
Explore Our Markets
Choose the pathway that aligns with your company's structure and goals.
Equities Market
Admit public-company shares for trading on the regulated OTC market.
View Equity Admission Process
Your Path to Admission
While each market has specific requirements, the journey follows a clear structure.
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Step 1
Initial Consultation
Engage with NASD to assess your company's structure, objectives, and capital needs, and determine the most suitable market for admission.
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Step 2
Documentation & Review
Submit all required documentation for regulatory review and compliance assessment, ensuring your application meets NASD's requirements.
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Step 3
Approval & Admission
Complete the onboarding process, fulfil all regulatory requirements, and proceed to trading or issuing securities on the NASD market.
We Partner With You Beyond Listing
Our relationship does not end at admission. We provide ongoing market support, compliance guidance, and visibility opportunities to help your company grow.
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Corporate action support
Support for dividends, rights issues, restructures, and other corporate actions to ensure smooth execution.
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Market visibility
Greater exposure through announcements, data distribution, and investor-facing channels.
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Investor engagement
Structured opportunities to connect with current and potential investors.
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Ongoing compliance guidance
Continued guidance to help you meet regulatory requirements and maintain good standing.
FAQs
Some of the commonly asked questions you may have about equity admission process.
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What is NASD PLC?
NASD PLC is Nigeria's licensed Over-The-Counter Securities Exchange, regulated by SEC Nigeria. It provides a transparent venue for trading unlisted public securities. -
What services does NASD provide?
NASD operates a regulated OTC trading platform, provides market data and reporting, and supports companies seeking alternative routes to capital and shareholder liquidity. -
How is NASD different from other exchanges?
NASD focuses on unlisted public securities and offers a flexible listing pathway. Compared to a main-board listing, NASD typically has lower entry barriers while maintaining regulatory oversight. -
Who regulates the NASD OTC market?
The Securities and Exchange Commission (SEC) of Nigeria regulates NASD and the issuers admitted on its market. -
What securities can be traded on NASD?
Equities, bonds, commercial papers, and other admitted instruments. See the Admitted Companies page for the current list. -
How are security prices determined on NASD?
Prices are set by the matching of buy and sell orders submitted by licensed brokers, with NASD providing transparent price publication. -
What are the trading hours on the NASD OTC market?
See Hours & Holidays for the current schedule, including any market holidays. -
How are trades settled on NASD?
Trades settle through NASD's clearing arrangements with licensed market intermediaries. Your broker can confirm the timeline for your specific trade. -
Can NASD traded securities be used as collateral?
Subject to lender policy. Several admitted securities are accepted as collateral by Nigerian financial institutions.
Ready to Take the Next Step?
Speak with our team to explore the right market for your company.