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.

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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)
Find a licensed broker

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

Trade on the go with NASDmobile

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FAQs

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

  • What is the NASD OTC Market?
    It is a market where securities are traded directly between buyers and sellers through licensed brokers.
  • How is the OTC market different from a traditional exchange?
    It offers more flexible listing options and supports securities not listed on major exchanges.
  • What types of securities are traded on the OTC market?
    Equities, debt instruments, and other approved securities can be traded.
  • Who can trade on the OTC market?
    Investors can trade through licensed brokers or market operators.
  • How are prices determined in the OTC market?
    Prices are set based on supply and demand between buyers and sellers.
  • Is the OTC market regulated?
    Yes. The market operates under regulatory oversight to ensure fair trading.
  • What are the benefits of trading on NASD OTC?
    It provides access to more investment options and supports growing companies.
  • Are there risks involved in OTC trading?
    Yes. Prices may be less stable, and liquidity can vary across securities.
  • How do I start trading on the OTC market?
    Open an account with a licensed broker and place your trade through them.
  • Where can I view available securities and prices?
    You can access market data through your broker or NASD platforms.

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.

Contact licensed brokersDownload our mobile app

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