₦airaland Forum

https://nasdng.com/prices-markets/price-list/

Price list today

chimex38:
As essential one said okitupupa is most likely as they seem to have voiced their intentions. But they are far from ready.

According to the little know about NASD rules from their website,

It is still placed in Pink color..
Kind of like a growth stock on NASD platform.

The functional active stocks that have met the basic NASD requirements are in Blue..
They should be the most likely to list.

List some of the companies presently on Blue

Impresit Bakolori Plc is on my Buy list.

NASD ACHIEVES 224% GROWTH IN 2024, PRIORITISES SMES, INNOVATION

The NASD OTC Securities Exchange PLC recorded remarkable growth across its key market indicators in 2024, highlighting its resilience and commitment to fostering market efficiency despite challenging economic conditions. The NASD Securities Index and NASD Pension Index surged by 223.64 percent and 433.20 per cent, respectively, reflecting heightened trading activity and investor interest.
Trading volume rose by 127.31 per cent year-on-year, while the value of trades increased by an impressive 176.71 per cent during the period. Much of this growth was driven by interest in large-cap stocks, with significant transactions involving Afriland Properties, Geo Fluids, CSCS Plc, Okitipupa Oil Plc, and Capital Hotels.
Despite the progress, the market capitalisation declined by 18.33 percent to N1.029 trillion, primarily due to the exit of Aradel Plc and Fan Milk Plc transition to private company status. However, the Exchange admitted four new securities—Impresit Bakolori, Capital Hotels, Okitipupa Oil Plc, and Adswitch Plc, bringing the total to 45 by year-end, signalling market diversification.
NASD OTC CEO, Eguarekhide Longe, expressed pride in the Exchange’s performance, emphasizing its role as a secure, transparent, and innovative platform for trading securities. He also highlighted the Exchange’s strategic pivot towards supporting Small and Medium Enterprises (SMEs) and engaging youth investors as key drivers for future growth. “We are delighted with the performance of the NASD OTC Securities Exchange in 2024. These results reflect our commitment to providing a secure, transparent, and efficient platform for trading securities,” Longe stated.
The Exchange’s innovation-driven approach seeks to position SMEs as a catalyst for economic transformation. Longe emphasized the importance of leveraging lessons from Aradel Holdings Plc to create a nurturing environment for growth companies. He noted the potential of the SME sector as a breeding ground for the next wave of market players, powered by young and entrepreneurial Nigerians. “Going into 2025, we realise that there is a pronounced need for market growth on the NASD Securities Exchange. While the unlisted public companies present the default anchor for the growth of the OTC platform, we see a natural pull to developing the SME segment of the Nigerian economy as a veritable incubator for growth companies. “As a result, we will be announcing strategic partnerships with organisations that share our conviction about indigenous business growth from ‘the ground up’,” he added.
The Exchange is also positioning itself to attract young Nigerians, particularly those with innovative ideas and global exposure, to leverage NASD’s platform in achieving their entrepreneurial dreams. “Our message is that the NASD Securities Exchange is their natural partner and home to revolutionise the economic space and bring these unique ideas to fruition in testament to their personal fulfilment as individuals and to the much-longed-for potential realisation and transformation of the Nigerian economy,” Longe explained.
While the Exchange’s key metrics, such as trading value and volume, have soared, its leadership remains focused on fostering sustainable growth. By leveraging technology, forming strategic alliances, and diversifying its market offerings, NASD aims to solidify its position as an innovation-driven Exchange.
The 2024 performance also offered insights into investor sentiment, which appears to be shifting towards a preference for growth-oriented opportunities within the SME sector. The Exchange’s ability to attract new securities and support indigenous businesses demonstrates its relevance in Nigeria’s evolving capital market landscape.
Longe emphasized that with plans to strengthen partnerships and support budding entrepreneurs, NASD Securities Exchange was poised to remain a critical player in Nigeria’s financial ecosystem, bridging gaps between innovation and investment while driving the nation’s economic diversification agenda.

BOARDROOM INTRIGUES: SEC SHOULD SAVE THE SOUL OF NASD

Struggle for ownership and control is brewing at the board of Nigeria’s premier Over-the-Counter (OTC) exchange, NASD PLC., sending horrendous signals that unless the Securities and Exchange Commission (SEC) wields a big stick to calm the raging storm, the NASD 11th Annual General Meeting (AGM) may end up as a theatre of verbal war.
By the SEC’s approved Notice of Meeting, scheduled for Thursday, September 24, 2024, at Colonades Hotel, Ikoyi Lagos, and published in two national newspapers, one of the items in the ordinary business is “To re-elect the following directors, who retire by rotation at this meeting and, being eligible, offer themselves for re-election: Mrs. Kenechi Ezezikah, Mrs. Olayimikah Bollo, and Mr. Ishmael Ebhodaghe.
Miffed by the re-election item in the notice, VFD Group, a major institutional investor, is spoiling for a fight on the grounds that some directors with recent appointment dates should not be presented for re-election when there are directors who have been serving for long.
The group also took a swipe at the financial performance of NASD over the years. It argued in a statement signed by its Head, Investor & Relationship Management, Chindima Chukwueke-Okolo, that in its 11 years of operation, NASD has posted eight losses, including N79 million and N69 million in 2022 and 2023, respectively. VFD is calling for a strategic refresh. The concern is normal and expected. It is a case of value for money on the part of investors.
But in what amounts to a ding-dong argument, NASD’s management says the re-election clause in the Notice of Meeting is consistent with the company’s Memorandum and Article of Association. The weak balance sheet, typified by losses over a long time, ascribed this to challenges associated with attracting companies for admission into OTC exchanges in a country like Nigeria. This sounds strong and plausible. It has become heavy lifting even for a conventional securities exchange, Nigerian Exchange Limited (NGX), to meet the target on quotation per annum for a long time. The management also maintains that no strategic decision has ever been made without the involvement of representatives of VFD and other major stakeholders on the
The ongoing recapitalisation of banks has just begun to revamp the comatose primary market in Nigeria. If there is a silver bullet to attract companies for quotation, NGX would have deployed it to attract many blue chips over the years. But the story has been more of delistment than listing when a quoted company realises that the bottom line does not justify the cost of post-listing requirements. The stark reality is that both NGX and NASD operate in the same uncertain macroeconomic environment, where the economy is the underlying asset and both exchanges are simply derivatives in a way. Quotation drive is no longer a walk in the park where clamour for fixed-income securities is gaining traction.
The unfolding drama at NASD has again brought to the fore the need for the capital market apex regulator to take a critical look at the shareholding structure of both securities exchanges and the companies that they service by way of listing or admission.
In my piece entitled “Deconstructing the Transcorp Equity Deal of Otedola, Elumelu,” published by many national dailies and online platforms in June 2023, I highlighted the spate at which hostile takeover by deep-pocket corporate raiders is taking a toll on our quoted company companies. This can discourage potential entrepreneurs from bringing their companies for quotation. It is true that quotation has many benefits, but nobody wants to toil for a raider to come from nowhere and take over full control.
In a similar vein, I raised concerns that NGX was becoming a target of acquisition by investors with financial muscle. My thoughts and submissions were captured in my piece entitled “NGX in the throes of Booby Trap,” published in October 2023 in some tier-one national dailies and online platforms. I cautioned that if care is not taken, stockbrokers shall wake up on one fateful day to discover that NGX is no more.
NGX accounts for 17 percent of the Nigerian Gross Domestic Product (GDP), with the potential to contribute higher if the economy improves. The Exchange itself is a national asset. If it becomes a one-man show, what happens in the event that the sole owner runs afoul of the law and the market becomes one of the assets to be taken over? What becomes of the listed companies? SEC should begin to initiate fresh conversations to address concentrated risk in the securities market. It is all about investor protection.
NASD has to deliver value to its stakeholders. The company has to rebrand so that the target market can appreciate the benefits of admission into the exchange. It must upscale its visibility. The management has to dangle more carrots to make the process of admission less expensive.
The OTC Exchange says it has traded N42.64 billion by week 34 this year as against N37.57. billion in the entire 2023. Its Enterprise Portal platform worth over N2bn has commenced operation on a gradual basis. The Exchange has also developed an endowment crowdfunding platform, VentureRamp, for alumni associations and community groups to initiate small and large-scale projects in a structured and transparent way. NASD will soon issue Digital Securities Platform N-DSP, which is being implemented under the SEC Regulatory Incubation. With this trajectory, the exchange is optimistic to close the year with a profit and likely pay a dividend for the year.
However, the owners must not subject the management to undue interference and overambitious expectations as many cooks spoil the broth. Just like it is happening in some of the quoted companies on NGX, abuse of proxy has become a new wave of hostile takeover. The Commission should frown at this with a time-tested regulatory approach.
We cannot underrate the political clout of experienced professionals. We should not sacrifice experience with robust industry knowledge on the altar of whiz-kids and Gen Z through youthful drive to turbo-boost organisations. Many youths are overrated in terms of depth and still require the tutelage of experienced practitioners. At 78, Janet Yellen is in charge as the United States’ Secretary of Treasury, and the country is the largest economy by GDP.
Ueda Kazuo is the Governor of the Bank of Japan. He is 72. At 93, the celebrated American investor and Chairperson of Berkshire Hathaway, Warren Buffett, is making rational investment decisions.
Some highly respected Nigerians in the financial market possess exceptional experience that should not be discarded. These are professionals of all seasons with top-notch achievements. They enhance the credibility of a board. There is no doubt that we must all embrace technology in order to remain relevant. But as good as artificial intelligence (AI) is, it cannot assess emotion. Everything has a fault line.
NASD must be protected from what is fast becoming a reverse takeover in slow motion. The time has come for the SEC to review the policy of shareholding in the securities exchange.
Regulatory agencies have no justification to invest in securities exchanges to avoid conflict of interest. It is an abuse of corporate governance for a director to serve on the board of more than one securities exchange.
There should be a rule that no shareholder can own more than 5 percent of the issued shares of a securities exchange. The 5 percent rule already exists for quoted companies by way of disclosure, but heavy capital gain tax can be imposed on anyone that breaches the rule through clandestine means. It is done in other jurisdictions.
Any investor that holds up to 3 percent of a securities exchange deserves additional scrutiny by the Commission. As part of the investor protection strategy, there should be a regulatory limit to nominee shareholding in a securities market to prevent abuse. Securities exchanges in Nigeria should be hedged from hostile takeovers under any guise.
As SEC’s Director General, Dr Emomotimi Agama has warned market operators to comply with the rules or face consequences, it will be a game-changing intervention if the corporate governance gaps in the Nigerian capital market are addressed with dispatch.

emmaodet:
I will try and get it but offers are not available for now

I place my own Bid at Market Price. Try it. It will surely pick soon.

Afriland Properties has been very consistent in increasing its dividend payouts.

emmaodet:
Which stock do you think will move from Nasd to NGX?

Okitipupa Plc is most likely

NASD INDEX DECLINES FURTHER BY 0.14%

The NASD Over-the-Counter (OTC) Securities Exchange extended its stay in the southern territory with 0.14 per cent loss in the final session of the week and the month on Friday, January 31.
This arose from the decline in the share prices of two securities on the trading platform, which overturned the gains posted by three stocks at the close of transactions.
Central Securities Clearing System (CSCS) Plc depreciated yesterday by 58 Kobo to close at N21.70 per unit versus N22.28 per unit and Acorn Petroleum Plc dropped 2 Kobo to finish at N1.38 per share compared with the preceding day’s N1.40 per share.
On the flip side, First Trust Microfinance Plc rose by 5 Kobo to trade at 52 Kobo per unit versus 47 Kobo per unit, Geo-Fluids Plc added 4 Kobo to settle at N4.42 per share versus N4.38 per share, and FrieslandCampina Wamco jumped by 7 Kobo to N39.01 per unit from N38.94 per unit.
When the market closed for the session, the market capitalisation of the exchange went down by N2.4 billion to N1.766 trillion from N1.769 trillion and the NASD Unlisted Security Index (NSI) decreased by 4.24 points to 3,118.81 points from the 3,123.05 points quoted at the last session.
There was a 32.6 per cent drop in the volume of securities traded during the session at the bourse to 1.1 million units from 1.7 million units, there was also a decline of 61.7 per cent in the value of securities bought and sold by investors to N16.9 million from N44.1 million, and the number of deals increased by 19.4 per cent to 37 deals from 31 deals.
Impresit Bakolori Plc was the most active stock by value (year-to-date) with 406.5 million units sold for N386.1 million, followed by FrieslandCampina Wamco Nigeria Plc with 4.3 million units valued at N170.4 million, and Geo-Fluids Plc with 9.1 million units worth N44.3 million.
Impresit Bakolori Plc was also the most active stock by volume (year-to-date) with 406.5 million units worth N386.1 million, trailed by Industrial and General Insurance (IGI) Plc with 26.3 million units sold for N6.3 million, and Geo-Fluids Plc with 9.2 million units valued at N44.3 million.

Every discussion and picks that concern only NASD Stocks should be made here.

Let's go...

Anthonyjohn3020:
Watch the video

https://www.youtube.com/watch?v=qxm_-pT_ouE?si=E83Ye5djHOq_rtrm

Na 1 Lady defeat 3 Men.

Tems vs Burna, Davido, and WizKid.

Good thing anyway is that all of them are Yoruba.

They are very good with these types of Bend Down Collect Grammys.

PuristForest:
Still keeping strong - We first discussed The Initiates in Nov (https://ewnation.com/does-the-initiates-plc-has-what-it-takes/)
https://ewnation.com/tip-still-moving-on-target/

Tomorrow, TIP may break a historical barrier, and cross N4.00.

We watch and wait...

Valthegreat:
I am surprised nobody makes mention of stocks that are on NASD on this forum, is it largely because there are just few companies there for now?

This place is for Premier League, not 2nd Division League

KarlTom:

After you have sent that message, the idiot will most likely send his or her account number. Just ignore it, relax, and enjoy watching how the one who claims to be too busy, will send you messages non stop, asking you if you have sent the money.

She did not disappoint me. I have always said that most ladies are prostitutes who have no moral consciousness. Including so-called working class ladies.

Argue it as much as you want. Evidences will always present themselves...

yMcy56:
NNFM
Now @73.20!
It's well o.....

Who is dulling JAPAUL around this time self?
Including Loco's CHAMS?

Chams and Japaul will soon fly high.

Omatek on Full Bid at 80 kobo...

*If someone is not replying to your chats or messages, just message the person, "Send your Account Number". You will be surprised the total number of nonsense people we have in Nigeria.*

*If someone is not replying to your chats or messages, just message the person, "Send your Account Number". You will be surprised the total number of nonsense people we have in Nigeria.*

jckgroup1:
2-3weeks for Chapel Hill while 6-8weeks for Meristem.
Hope this is helpful.
Night well!

What about Afrinvest? How long do they take to complete dematerialization of Shares?

emmaodet:
The break-down is good but at the end of the day, you have to value it and give a number else, it won't make much meaning to the average investor.
How much does Fidson worth after the financial breakdown?

Fidson should be a N25 stock.

eziokwunwoko:
Guinea Insurance PLC yet to submit Unaudited 2024 results. Any information why

We are still waiting

*FIDSON HEALTHCARE ACHIEVES 27% GROWTH IN FY 2024 PRE-TAX PROFIT AS FULL-YEAR REVENUE HITS N84 BILLION*
Fidson Healthcare PLC has reported a full-year pre-tax profit of N7.5 billion in its recent unaudited financial report, published on the Nigerian Exchange (NGX) on January 30, 2025.
This represents a 27.31% increase from the N5.9 billion reported for 2023, with fourth-quarter pre-tax profit reaching N2.3 billion—an increase of 282.35% from the N627 million reported in the same quarter last year.
In terms of revenue, Q4 saw an increase of 92.96%, totaling N24.4 billion compared to N12.6 billion in the same quarter last year.
Overall, total revenue surged by 58.70% in FY 2024, climbing from N53 billion to N84.1 billion, primarily contributed by ethical goods, which made up 65% of sales, and Over-The-Counter (OTC) products, which accounted for 31.3%.
Key highlights
1) Administrative Expenses: N8.7 billion, +33.31% YoY
2) Cost of Sales: N49.2 billion, +54.09% YoY
3) Finance Costs: N5.4 billion, +161.38% YoY
4) Finance Income: N60 million, +160.87% YoY
5) Gross Profit: N34.9 billion, +65.69% YoY
6) Operating Profit: N12.9 billion, +62.17% YoY
7) Other Gains: N636.7 million, +28.11% YoY
8.) Pre-tax Profit: N7.5 billion, +27.31% YoY
9) Revenue: N84.1 billion, +58.70% YoY
10) Selling and Distribution Expenses: N8.1 billion, +46.37% YoY
Commentary
Fidson Healthcare reported a full-year revenue of N84.1 billion for FY 2024, marking a year-over-year increase of 58.70% from N53 billion in FY 2023.
1) The revenue composition shows that ethical goods accounted for N55 billion, or 65% of total sales, while Over-The-Counter (OTC) products contributed N26.3 billion (31%), with Consumer Healthcare Products making up the remaining N2.8 billion.
However, the cost of sales rose by 54.09% year-over-year, totaling N49.2 billion, up from N31.9 billion in the previous year.
1) The costs associated with ethical goods and OTC products represented a substantial portion of these expenses.
Despite the increased cost of sales, the company’s gross profit surged to N34.9 billion, reflecting a year-over-year increase of 65.69% from N21 billion.
Fidson’s ‘other gains’ increased by 28.11% YoY to N636.7 million, up from N497 million the previous year, primarily due to N468.6 million in amortization of government grants and N153.7 million from scrap sales.
However, administrative expenses rose by 33.31% year-over-year, and selling and distribution (S&d.) expenses climbed 46.37%, with sales expenses representing 53.4% of the total S&d. expenses and logistics accounting for 39.0%.
Despite these cost pressures, the company recorded strong operating profit of N12.9 billion, a 62.17% increase from N7.9 billion reported in the prior year.
In contrast, finance costs spiked by 161.38% YoY to N5.4 billion, largely driven by rising interest on loans and other financial liabilities.
However, finance income saw an increase of 160.87%, reaching N60 million compared to N23 million in 2023, entirely attributed to interest earned on loans and receivables.
Ultimately, Fidson Healthcare reported a full-year pre-tax profit of N7.5 billion, reflecting a 27.31% year-over-year increase from N5.9 billion in the previous year.
Asset position
In FY 2024, Fidson reported total assets of N73.3 billion, reflecting a significant increase from N61.9 billion in 2023.
1) Non-current assets for 2024 amounted to N25.6 billion, up from N23.7 billion the prior year, with property, plant, and equipment constituting a substantial portion at N24.8 billion.
2) Current assets also saw growth, reaching N47.6 billion compared to N38.2 billion in the previous year.
3) This increase was primarily driven by inventories, which totalled N23.9 billion, and prepayments, amounting to N12.5 billion.

HOW LONG DOES IT TAKE FOR STOCKBROKER TO COMPLETE DEMATERIALIZATION OF SHARES?

Is it that difficult for a medical doctor living and working in USA to afford 15,000 Dollars (about N22,315,000)?

Na wa for una ooo

No wonder people living in Nigeria and doing well, build better and more expensive houses in Nigeria than these stingy Nigerian immigrants living in this abroad.

OriOko88:
Werey!! Who in ur entire family has boarded an airplane before let alone been in Kenya?? Social media is truly a leveler. Oponu

Online maggot. Get lost. I speak only with normal humans, not those who are Maggots.

Yorubas will never stop disgracing Nigeria everywhere dey go.

Just imagine a Yoruba lady, who perhaps had lived in UK for a while, is speaking like a village female tout, who has never left Ibadan in all her life. No finesse. No courtesy. No decency. Just agberoo behaviour everywhere dey go.

Spits...

Igbo men always disgracing themselves everywhere. Pervert lunatics.

Truly he is sick, but mentally, not medically.

Locotrader:
Yes, I came out because of E tranzact and CWG.
These used to be stocks of low profit margins in the past but today they have repositioned.Wait for CHAMS result any moment from now and see with your eyes how far they have improved.
Apart from omatek and NCR that needs restructuring,other stocks in the ICT sector are candidates of N10,N15,N20.
Cwg,E tranzact and Chams ,your own time has come.

I came back in peace.

https://doclib.ngxgroup.com/Financial_NewsDocs/43095_OMATEK_VENTURES_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_FEBRUARY_2025.pdf OMATEK

She that owns it did not cover it. You that did not own it is helping her to cover it up.

Las las, na oversabi go make most of una no go enter Heaven.

Judolisco:
if yorubas discriminate then why are people still moving in their drives to the western region of Nigeria?

Even with the rampart Discrimination, which some of you call Racism, that exists in USA, UK, CANADA, Europe etc, "are people not still moving in their drives, to the western region of the World?"

What schools did you guys even attend sef? Logical Reasoning was obviously not thought there.