Over-the-Counter Beat

Proshare and NASD Plc form strategic partnership to boost the Nigerian Financial Market

August 2, 2016/Proshare Proshare, Nigeria’s premier Economic and Financial Information Hub and NASD Plc, Nigeria’s foremost securities exchange for unquoted public companies, today announced a landmark partnership aimed at communicating the activities and developments of the NASD OTC market towards fostering transparency, education and growth. Following the launch of Proshare […]

First Naira-Settled OTC FX Futures Contract Matured and Settled July 27 on FMDQ

Culled—-Proshare July 29, 2016/FMDQ ₦962.23mm Settlement Amount paid to the ‘Futures Banks’ on the $/₦279 NGUS JUL 27 2016 contract The month of July is poised to report an encouraging increase in overall FX market activity. Precisely one (1) month into the June 27, 2016 introduction of and formal unveiling […]

NASD OTC Signs MoU with the League Management Company

Culled—Proshare July 20, 2016/NASD OTC It is with a sense of excitement today that I announce that the NASD OTC Securities Exchange has reached an understanding with the major promoters of football in Nigeria – the League Management Company [LMC]. Our Memorandum of Understanding marks the beginning of a merging […]