Over-the-Counter Beat

FMDQ Clear, Frontclear Sign MoU to Deliver First-Class Clearing Structure in Nigeria

May 31, 2018/FMDQ Clear On May 31, 2018, FMDQ Clear Limited and Frontclear signed an agreement to jointly enhance Nigeria’s first central clearing house structure, with the support of a settlement guarantee fund. The collaboration is the culmination of a long-standing working relationship focused on improving how the Nigerian OTC […]

NASD USI Sheds 3.6% WoW

Culled—Proshare May 14, 2018/NASD Plc The Week in Review The NASD OTC Market ends the week with a decrease in market metrics, as the NASD USI decreased by 3.6%, closing at 685.61 points (as against 711.44 points last Friday). Consequently, total market capitalization shed 3.6% this week, closing lower at ₦463.96 billion compared to ₦484.15 billion last Friday.  Trade Summary Market in Numbers (YTD) Macroeconomic Indicators   

Official Launch of the NASD Enterprise Portal

Culled—Proshare April 20, 2018/NASD Plc  This week, NASD Plc. formally launched the NASD Enterprise Portal (NASDeP). The launch was well attended by key stakeholders from the Federal Government, Economy, Business and Capital Markets community. We received addresses and remarks from the Representative of the Director-General, Securities and Exchange Commission, the […]