Private Market Admission
- 1 Complete NASD Form P1a .
- 2 Submit completed form and non-refundable fees payable in full at the time of application, accompanied by the listed supporting documents to legalcompliance@nasdng.com.
Companies
Private Market Admission Process
Access new sources of capital and connect with investors through the NASD marketplace. Our markets provide flexible admission routes designed to support companies at different stages of growth.
About NASD Private Market
The NASD Private Market connects private companies with investors seeking early-stage and growth opportunities. It provides visibility and structured access to capital without the requirements of a full public market listing.
Admission gives founders a path to liquidity and a transparent record of company activity, while keeping ownership requirements light.
Best Suited for
- Growth companies
- Private enterprises raising capital
- Businesses preparing for future public markets
Requirements for Private Market Admission
Follow these simple steps to admit your company or security to the Private Market, or join as a Market Participant.
Private Market Requirements Document
Download the full admission document for detailed disclosure requirements and obligations.
Private Market Listing Process
Follow these steps to admit your company to the Private Market.
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Step 1Pre-Admission
Board appoints Issuing House, fills application, and returns with fee. Board submits signed undertaking to comply with NASD OTC Rules.
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Step 2Review
NASD reviews company structure. After due diligence, NASD will give approval in principle.
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Step 3Approval & Admission
Company opens a register with CSCS. 100% dematerialisation of shares can commence.
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Step 4Announcement
Company announces admission to NASD Private Market. Trading on securities commences.
FAQs
Some of the commonly asked questions about the Private Market.
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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.