NASD OTC market hits N2bn by deal value

Three months after it achieved N1 billion mark in value of trades in September 2014, NASD OTC market has recorded over N2 billion in trade value.

The mark is a cumulative effect of and increasing preference investors have for transparency and participating institutions recognition of the liquidity the market affords.

This number is significant because it represents deals that hitherto would not have been captured by Securities and Exchange Commission (SEC), tax authorities, economic planners and analysts.

The NASD OTC market creates opportunity for both institutional and individual investors to accept and use the same data and get a clearer perspective of Nigeria’s investment terrain.

NASD OTC says it recognises the contributions of participating institutions, registrars, custodians and all other operators who have started the development of this market.