Shares traded on the NASD (By Sylodium, international trade directory)

NASD Limited, which was formed in 1998 to promote and operate over-the-counter (OTC) trading, recently got its final approval from the Securities and Exchange Commission (SEC). NASD is waiting for the commission to approve its updated set of rules before commencing operations next month. Ten companies have indicated interest to have their shares traded on the NASD Limited as the platform for the trading of unlisted securities prepares to go live next month, the Managing Director of NASD Limited, and Mr. Bola Ajomale, told that directors and shareholders of unlisted companies are very excited to trade their shares on the platform. Ajomale said the company had reached agreement with the Nigerian Stock Exchange (NSE) and Central Securities Clearing System Plc (CSCS) to use their trading facilities and clearing facilities respectively. He added “We have resent an updated set of rules to SEC and we expect response soon. We are going live in May and the excitement in the market is great because the NASD platform will complement the activities of the NSE and make the capital market for robust and attractive". Sylodium (global import export directory) you can advertise for free your company or your project, at the intersection of cities that you want, for example; Abuja (Nigeria) - Niamey (Níger) or any city around the World.

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