NASD PLC
OTC Market
Equities Market (OTC)

Trade and List on the NASD OTC Exchange

A regulated market for trading shares of unlisted public companies, providing liquidity, transparency, and price discovery.

What is the NASD OTC Exchange?

The NASD OTC Exchange is a regulated market where shares of public companies that are not listed on traditional exchanges can be traded. It provides a centralized platform for price discovery, transparent trading, and improved access to capital for companies and investors.

Unlike traditional exchanges, this market offers flexibility while maintaining regulatory oversight and investor protection.

Two professionals in conversation on the NASD trading floor
  • Regulated by SEC Nigeria
  • Trade unlisted public securities
  • Centralized price discovery
  • Broker-led trading model

A Market for Every Participant

Access the right market, tools, and opportunities built for your role.

  • For Companies

    • Easier Market Entry
    • Improve visibility and credibility
    • Access a wider investor base
    • Cost-Efficient Listing
  • For Investors

    • Access new investment opportunities
    • Diversify beyond traditional markets
    • Transparent pricing and market data
    • Trade through licensed brokers
  • For Brokers

    • Execute trades in a regulated market
    • Access a broader range of securities
    • Serve more clients with diverse needs
    • Participate in an expanding market

Our Market Offerings

We have several options flexible to meet business nature, needs, capital requirements and strategic objectives.

Primary Market

Raise capital by creating and issuing new securities to investors. This is where companies enter the market or get funding to grow.

  • Initial Public Offering (IPO)
  • Rights Offering
  • Private / Structured Issuance (Equity or Debt)
  • Mergers & Acquisitions Support
View Equity Admission Process

Secondary Market

Trade existing securities between investors. This is where liquidity and price discovery happen.

  • Securities Trading
  • Listing by Introduction (no capital raise)
  • Company Admission (for Trading)
  • Security Admission (for Trading)
View Equity Admission Process

Why Choose the NASD OTC Exchange

A regulated venue purpose-built for unlisted public securities.

Liquidity for Shareholders

Enable buying and selling of shares that were previously illiquid.

Two investors reviewing their holdings on a phone

Transparent Pricing

Centralised system for accurate price discovery across listed securities.

Analyst reviewing price charts on a tablet

Regulated Environment

Operates under SEC Nigeria oversight with clear market rules.

Signing regulated market documentation

Flexible Market Entry

Lower barriers than a main-board listing while preserving rigour.

Two professionals shaking hands after a deal

Access to New Opportunities

Invest in companies not available on other exchanges.

Executive overlooking the trading floor

How Secondary Trading Works on NASD

Five simple steps from opening an account to monitoring your portfolio.

  1. 1. Open an Account

    Investors open a trading account with a licensed broker. This is also available via our mobile app.

  2. 2. Fund Your Account

    Deposit funds through the broker's approved payment channels or via mobile app wallet.

  3. 3. Place Orders

    Buy and sell orders are submitted through brokers.

  4. 4. Matching & Trade Execution

    Trades are matched and executed on the NASD platform.

  5. 5. Monitor Your Portfolio

    Track your investments through your broker or the NASD mobile app.

Trade on the Go with NASD Mobile

The NASD app allows investors to buy and sell OTC securities, track portfolio performance, receive real-time updates, and access market news in one platform.

  • Access Over 40+ Securities

    Buy and Sell a wide range of Securities anytime

  • Track your Portfolio

    See portfolio gains and track stocks with ease

  • Stay Ahead with Live Data

    Get instant updates on trades as they happen

  • Access to Multiple Brokers

    Trade with Multiple brokers conveniently in one place

FAQs

Some of the commonly asked questions about trading and investing on the NASD OTC Market.

  • 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.

Start Trading or Listing Today

Whether you are an investor or a company, NASD provides the tools and structure to participate in a transparent and growing OTC market.

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