Over-the-Counter Beat

NASD Releases Exposure Draft of Proposed Rules; NMRC Held 4th AGM

Culled—Proshare 3/8/2018/NASD Plc The NASD OTC Market ends the week with an increase in market metrics, as the NASD USI decreased by 1.2%, closing at 705.75 points (as against 707.45 points last Friday). Consequently, total market capitalization declined 0.2% this week, closing lower at ₦477.60 billion compared to ₦478.15 billion last Friday.    Exposure Of Proposed Rules This is to inform […]

NASD Market Cap Closed Higher by 1.2%; LBIC Shareholders Approve Admission To NASD

Culled—Proshare 30/7/2018/NASD Plc The NASD OTC Market ends the week with an increase in market metrics, as the NASD USI increased by 1.2%, closing at 707.45 points (as against 699.13 points last Friday). Consequently, total market capitalization gained 1.2% this week, closing higher at ₦478.75 billion compared to ₦473.12 billion last Friday.  LBIC Shareholders Approve Admission To NASD OTC Securities […]

FMDQ Shareholders Approve N5bn Capital Raise, Name Change

30/7/2018/Vanguard By Nkiruka Nnorom Shareholders of FMDQ OTC Plc have approved the plan by the Board of Directors to raise N5 billion fresh capital to further boost its operation. The shareholders also approved a name change from FMDQ OTC Plc to FMDQ Securities Exchange Plc following earlier approval from the […]