Raise Capital in the Private Market
Connect with investors and raise capital through structured private placements. NASD's Private Market supports equity and debt transactions in a controlled, transparent environment.
What is the NASD Private Market?
The NASD Private Market is a platform that enables companies to raise capital through private placements of securities, including equities and debt instruments such as bonds.
It provides a structured environment where issuers can connect with qualified investors, supported by licensed intermediaries who manage the transaction process from structuring to allotment.
This market is ideal for companies seeking funding without going through a full public listing, while still maintaining transparency and investor confidence.
- Equity and debt fundraising
- Structured private placements
- Supported by licensed intermediaries
- Exit through secondary trading
Key Participants in the Private Market
-
Issuers (Company)
Raises capital by offering securities to investors.
-
Investors
Provide capital in exchange for equity or debt instruments.
-
Issuing House
Structures the transaction, prepares documentation, and manages the offering process.
-
Transaction Sponsor
Oversees execution and supports the allotment process to ensure proper distribution of securities.
Designed for Growth and Structured Investments
See all the benefits the NASD Private Market offers to different participants
Issuers
- Raise capital without full public listing
- Structure debt offerings
- Access institutional and qualified investors
- Maintain control over ownership
How Private Market Transactions Work
See how companies raise capital and investors participate through a structured, step-by-step process.
See Admission Requirements
Step 1 — Deal Structuring
The issuing house works with the company to structure the offering.
Step 2 — Investor Engagement
The opportunity is presented to qualified investors.
Step 3 — Subscription
Interested investors commit capital to the offering.
Step 4 — Allotment
The transaction sponsor oversees allocation of securities to investors.
Step 5 — Completion
The transaction is finalised and securities are issued.
FAQs
Some of the commonly asked questions about participating in the NASD Private 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 Your Private Market Journey
Whether you are raising capital or looking for new investment opportunities, NASD provides the structure and support to participate in the private market.