The securities of Fumman Agricultural Product Industries Plc have been admitted to trade on the NASD OTC market following its introduction by Integrated Trust & Investments Limited.
The symbol code for the securities is SDFUMMAN. This brings the total number of admitted securities on the platform to 22.
“Investors interested in trading this security are advised to contact any of our registered Participating Institutions for guidance and more information,” NASD said in a statement.
Meanwhile the UK Foreign and Common Wealth Office has selected the NASD as one of the key players in the Nigerian Capital market to be a part of the Nigerian delivery group whose goals are to increase access to finance and develop the market as a whole.
The agreement which has an initial tenure of two years will enable the working groups to share a pool of resources, enable capacity building, product innovation and the promotion of bilateral investor protection treaties.
The OTC Market can benefit from such partnerships by increasing awareness that it is a platform of choice for trading unlisted public securities and subsequently exploring the UK OTC market for potential partnership.
The UK Foreign and Common Wealth Office launched the Emerging Capital Markets Taskforce in October 2014, aimed at deepening and developing capital markets in key emerging economies like Nigeria through innovative collaboration between the government, private sector and UK missions.
