₦airaland Forum

I see you more like a Venture Capitalist, depending on your business strategy you can raise capital from the capital market such as the NASD, FMDQ etc. Read more about it and you will be glad u did...

The NASD Plc has facilitated trading of unlisted securities of public companies worth N648 million in the over-the-counter (OTC) market in the first year of its operations.

Prior to 2013, holders of securities of public companies not listed on the Nigerian Stock Exchange (NSE) found it difficult to trade those securities. However, the NASD Plc, a licensed platform for unlisted securities, became operational July 1, 2013.

One year after the NASD Plc OTC market came alive, investors in unlisted securities have exchanged securities valued about N648 million through the platform.

A total of 16 companies had their securities floated on the NASD Plc in the first year. But the number will increase this week as four more companies are to join the platform. The new companies are: Dufil Prima Foods Plc, Energy Company Nigeria Plc, Kajola Integrated Investment Plc, and TrustBond Mortgage Bank Plc (formerly Intercontinental Homes Plc).

The companies that have been on the platform include: ARM Life Plc; Afriland Properties Plc; BGL Plc; Consolidated Breweries Plc; Central Securities Clearing System Plc; Friesland Campina WAPCO Nigeria Plc; Food Concepts Plc; and Geo-Fliuds Plc.

Others are Golden Capital Plc; Industrial & General Insurance Plc; Jaiz International Plc; Niger Delta Exploration & Production; Partnership Investment Company Plc; Resourcery Plc; Riggs Ventures West Africa Plc; and Swap Technology and Telecomms Plc.

An analysis of the N648 million traded showed that 10 out of the 70 stockbroking firms registered to trade in 2013 accounted for the 96 per cent of the transactions.

Stanbic IBTC Stockbrokers Limited led with N156 million or 23 per cent of the transactions. WAST Financial Services Limited followed with N109 million or 16 per cent. Cordros Capital Limited accounted for N88 million or 13 per cent.

Capital Bancorp Plc traded N80 million or 12 per cent, while Valmon Securities Limited accounted for N54 million, representing eight per cent.

Chapel Hill Denham Securities Limited recorded N43 million or six per cent, while Trusthouse Investment Limited and Capital Asset Limited accounted for N34 million and N32 million (five per cent) respectively.

BGL Securities Limited traded N28 million, while Arthur Steven Asset Management Limited facilitated N25 million worth of securities.

When NASD Plc commenced operations, its managing director, Mr. Bola Ajomale, had said the platform would offer investors the opportunity to buy and sell non-listed securities in an organised and transparent market as well as provide liquidity for shares not listed on NSE.

“We will open up with equities and bonds, many of which are currently being traded on the black or grey market in the first phase. NASD Plc would play a crucial role in sustaining the real growth of the economy by offering more liquidity in investment instrument to the nation’s capital market,” he had said.

According to him, NASD Plc would be guided by integrity, performance and transparency in all its activities, adding that erring brokers would be sanctioned to ensure discipline.

The NASD Plc has facilitated trading of unlisted securities of public companies worth N648 million in the over-the-counter (OTC) market in the first year of its operations.

Prior to 2013, holders of securities of public companies not listed on the Nigerian Stock Exchange (NSE) found it difficult to trade those securities. However, the NASD Plc, a licensed platform for unlisted securities, became operational July 1, 2013.

One year after the NASD Plc OTC market came alive, investors in unlisted securities have exchanged securities valued about N648 million through the platform.

A total of 16 companies had their securities floated on the NASD Plc in the first year. But the number will increase this week as four more companies are to join the platform. The new companies are: Dufil Prima Foods Plc, Energy Company Nigeria Plc, Kajola Integrated Investment Plc, and TrustBond Mortgage Bank Plc (formerly Intercontinental Homes Plc).

The companies that have been on the platform include: ARM Life Plc; Afriland Properties Plc; BGL Plc; Consolidated Breweries Plc; Central Securities Clearing System Plc; Friesland Campina WAPCO Nigeria Plc; Food Concepts Plc; and Geo-Fliuds Plc.

Others are Golden Capital Plc; Industrial & General Insurance Plc; Jaiz International Plc; Niger Delta Exploration & Production; Partnership Investment Company Plc; Resourcery Plc; Riggs Ventures West Africa Plc; and Swap Technology and Telecomms Plc.

An analysis of the N648 million traded showed that 10 out of the 70 stockbroking firms registered to trade in 2013 accounted for the 96 per cent of the transactions.

Stanbic IBTC Stockbrokers Limited led with N156 million or 23 per cent of the transactions. WAST Financial Services Limited followed with N109 million or 16 per cent. Cordros Capital Limited accounted for N88 million or 13 per cent.

Capital Bancorp Plc traded N80 million or 12 per cent, while Valmon Securities Limited accounted for N54 million, representing eight per cent.

Chapel Hill Denham Securities Limited recorded N43 million or six per cent, while Trusthouse Investment Limited and Capital Asset Limited accounted for N34 million and N32 million (five per cent) respectively.

BGL Securities Limited traded N28 million, while Arthur Steven Asset Management Limited facilitated N25 million worth of securities.

When NASD Plc commenced operations, its managing director, Mr. Bola Ajomale, had said the platform would offer investors the opportunity to buy and sell non-listed securities in an organised and transparent market as well as provide liquidity for shares not listed on NSE.

“We will open up with equities and bonds, many of which are currently being traded on the black or grey market in the first phase. NASD Plc would play a crucial role in sustaining the real growth of the economy by offering more liquidity in investment instrument to the nation’s capital market,” he had said.

According to him, NASD Plc would be guided by integrity, performance and transparency in all its activities, adding that erring brokers would be sanctioned to ensure discipline.

The board of NASD plc is in discussion with GTI Securities Limited on possible areas of cooperation around securities trading using GTI Securities private trading floor.
NASD plc believes the partnership will help deepen Nigeria’s capital formation and create opportunities for more participation in Nigerian capital market.
Chike Nwanze, vice chairman, NASD Plc who led other directors of NASD plc on a courtesy visit to Nigeria’s first private trading floor built by GTI Securities in Lagos, said the NASD and GTI have complementary roles in deepening Nigerian capital market and would work together to achieve this common goal.
Nwanze, who is also the vice chairman and chief executive officer of Icon Stockbrokers Limited, described the GTI’s trading floor as “one of the greatest contributions that has come to our market” and applauded the dynamism of the GTI in ushering in a new era of development for the Nigerian capital market.
Bola Ajomale, managing director, NASD plc said NASD will work closely with GTI to explore the concept of its private trading floor, which he described as a “highly imaginative, state-of-the-art, world-class, first-of-its-kind” platform.
“We are very excited about this, it has really set a standard and we want to move closer to see how we can partner with GTI. I believe that the mind that put this together is not empty yet, it still has much more to come out of it,” Ajomale said.
Abubakar Lawal, group managing director, GTI Capital Group said the group has put together a network of financial resources and expertise to energise Nigerian companies and assist professional financiers to effectively perform their functions.
Tunde Oyekunle, managing director, GTI Securities pointed out that the trading floor is fitted with cutting-edge technology that allows seamless interconnectivity with the NSE and other exchanges as well as settlement agents and banks for real time online trading and straight through processing of transactions.
Abayomi Sanya, managing director, Goldbanc Asset Management Limited also reiterated his support for GTI pointing out that it has changed the growth curve of the Nigerian market as many operators are now reviewing their growth plans.

NASD PLC FAQ
Question: What is NASD?
Answer: NASD is an acronym for National Association of Securities Dealers. It is focused on providing a technologically driven trading platform where shares of companies not listed on the Nigerian Stock Exchange (“NSE”) are traded.

Question: Is NASD subject to any form of regulation?
Answer: Yes, NASD is primarily regulated by the Securities & Exchange Commission (“SEC”) and it is also a self-regulatory organization just like the NSE.

Question: What is the difference between NASD and the NSE?
Answer: The NSE provides the platform for trading on quoted securities while NASD only deals with un-quoted securities.

Question: What is the difference between quoted and un-quoted securities?
Answer: Quoted securities are securities that are listed/traded on an organized exchange like the NSE while un-quoted securities are those traded in an OTC market.

Question: What is an OTC Market?
Answer: An OTC (over-the-counter) market is an off exchange market which trades unlisted securities.

Question: What is the advantage of the NASD OTC Platform?
Answer: It provides liquidity for un-quoted securities and provides a transparent avenue for trading in same.

Question: Do I have to open an account different and distinct from my current Central Securities Clearing Systems (“CSCS”) account?
Answer: Yes, an account has to be created and domiciled with your stockbroker who is registered by NASD PLC as a participant on the OTC market. Also at CSCS, a different account for OTC securities will be opened for your OTC trades.

Question: How long does it take for transactions to be settled?
Answer: Transactions settle on T+3 basis, just like on the NSE.

Question: Is it all un-quoted securities that can be traded on the NASD OTC platform?
Answer: No. Before any un-quoted security can be traded, the Company must have met the following eligibility criteria:
The Company must have been in operation for a year.
It must be a public company or be held by more than 50 beneficial owners.
The security must be registered with SEC
The security must be freely transferable.
It must not have any legal or regulatory restriction that prevents it from being traded in the market.
Question: How long will it take to verify the certificates of companies whose securities are un-quoted?
Answer: Certificate verification will generally take about 48 hours from the day the Broker forwards it to the Registrars. However, in some cases where there are issues on the sellers signature mandate, it may take a little longer.

Process Flow : Certificate Dematerialization For Un-Quoted Securities
Stage 1. Broker creates an investment account for prospective clients.
Stage 2. Broker collects; i. Certificate(s) from investor ii. Signed transfer forms/authority to dematerialize.
Stage 3. Broker delivers the certificate accompanied by the transfer form/authority to dematerialize to the Registrars.
Stage 4. Registrar notifies the Broker when verification is complete and credits the clients’ account at CSCS with the shares.
Stage 5. Broker commences trade on the security from the next day.

Do you know you can buy and sell shares of companies not listed on the Nigerian Stock Exchange such as Friesland WAMCO, MTN, Jaiz bank, Golden Capital etc. This is made possible with the introduction of a formal OTC market named NASD PLC whicj licensed by the Securities and Exchange Commission to operate as platform to raise capital for companies with tradable shares not listed on the exchange.

Even currently, if you have shares of companies that are delisted on the exchange, these shares can be traded for liquidity sake or capital raising. Investors can now express total joy for the introduction of a formal OTC market in the Nigerian Capital market. This will bring about transparency and price discovery of currently traded public companies in the black.

NASD PLC is the promoter of a Trading Network that eases secondary market trading of all securities of unquoted public companies primarily in Nigeria but with a focus on the West African region. Our intention is to stimulate growth by easing the capital raising process. We bring together all stakeholders in capital flows to a common environment where interactions are safe, efficient, transparent and appropriately priced. Operators in our environment include Issuers of equity and fixed income instruments, Institutional and individual investors, a growing pool of accredited Authorised Traders and their Participating Institutions, Settlement banks, Clearing systems, private equity and venture capital firms with a view to increasing liquidity in the unquoted segment of the long term funding market.

Should you have further queries, please feel free to drop your queries here or visit the website.

http://www.nasdng.com

NASD PLC FAQ
Question: What is NASD?
Answer: NASD is an acronym for National Association of Securities Dealers. It is focused on providing a technologically driven trading platform where shares of companies not listed on the Nigerian Stock Exchange (“NSE”) are traded.

Question: Is NASD subject to any form of regulation?
Answer: Yes, NASD is primarily regulated by the Securities & Exchange Commission (“SEC”) and it is also a self-regulatory organization just like the NSE.

Question: What is the difference between NASD and the NSE?
Answer: The NSE provides the platform for trading on quoted securities while NASD only deals with un-quoted securities.

Question: What is the difference between quoted and un-quoted securities?
Answer: Quoted securities are securities that are listed/traded on an organized exchange like the NSE while un-quoted securities are those traded in an OTC market.

Question: What is an OTC Market?
Answer: An OTC (over-the-counter) market is an off exchange market which trades unlisted securities.

Question: What is the advantage of the NASD OTC Platform?
Answer: It provides liquidity for un-quoted securities and provides a transparent avenue for trading in same.

Question: Do I have to open an account different and distinct from my current Central Securities Clearing Systems (“CSCS”) account?
Answer: Yes, an account has to be created and domiciled with your stockbroker who is registered by NASD PLC as a participant on the OTC market. Also at CSCS, a different account for OTC securities will be opened for your OTC trades.

Question: How long does it take for transactions to be settled?
Answer: Transactions settle on T+3 basis, just like on the NSE.

Question: Is it all un-quoted securities that can be traded on the NASD OTC platform?
Answer: No. Before any un-quoted security can be traded, the Company must have met the following eligibility criteria:
The Company must have been in operation for a year.
It must be a public company or be held by more than 50 beneficial owners.
The security must be registered with SEC
The security must be freely transferable.
It must not have any legal or regulatory restriction that prevents it from being traded in the market.
Question: How long will it take to verify the certificates of companies whose securities are un-quoted?
Answer: Certificate verification will generally take about 48 hours from the day the Broker forwards it to the Registrars. However, in some cases where there are issues on the sellers signature mandate, it may take a little longer.

Process Flow : Certificate Dematerialization For Un-Quoted Securities
Stage 1. Broker creates an investment account for prospective clients.
Stage 2. Broker collects; i. Certificate(s) from investor ii. Signed transfer forms/authority to dematerialize.
Stage 3. Broker delivers the certificate accompanied by the transfer form/authority to dematerialize to the Registrars.
Stage 4. Registrar notifies the Broker when verification is complete and credits the clients’ account at CSCS with the shares.
Stage 5. Broker commences trade on the security from the next day.

Do you know you can buy and sell shares of companies not listed on the Nigerian Stock Exchange such as Friesland WAMCO, MTN, Jaiz bank, Golden Capital etc. This is made possible with the introduction of a formal OTC market named NASD PLC whicj licensed by the Securities and Exchange Commission to operate as platform to raise capital for companies with tradable shares not listed on the exchange.

Even currently, if you have shares of companies that are delisted on the exchange, these shares can be traded for liquidity sake or capital raising. Investors can now express total joy for the introduction of a formal OTC market in the Nigerian Capital market. This will bring about transparency and price discovery of currently traded public companies in the black.

NASD PLC is the promoter of a Trading Network that eases secondary market trading of all securities of unquoted public companies primarily in Nigeria but with a focus on the West African region. Our intention is to stimulate growth by easing the capital raising process. We bring together all stakeholders in capital flows to a common environment where interactions are safe, efficient, transparent and appropriately priced. Operators in our environment include Issuers of equity and fixed income instruments, Institutional and individual investors, a growing pool of accredited Authorised Traders and their Participating Institutions, Settlement banks, Clearing systems, private equity and venture capital firms with a view to increasing liquidity in the unquoted segment of the long term funding market.

Should you have further queries, please feel free to drop your queries here or visit the website.

http://www.nasdng.com

NASD PLC is a Trading Network that seeks to ease secondary market trading of all non-quoted securities in the West African region, thereby stimulating growth and transparency through more efficient capital raising processes in an open and regulated market.

NASD PLC started as the National Association of Securities Dealers and it is owned by 59 capital market operators. It has been licensed by the Securities and Exchange Commission (SEC) to trade a broad range of over-the-counter (OTC) instruments including unlisted equities and bonds in Nigeria. NASD PLC is focused on promoting and operating an alternative trading system open to all interested and registered securities dealers in Nigeria.

All publicly held securities registered with the SEC are tradable on NASD Platform, thereby providing a reduction between ask and bid prices characteristic of an opaque market.

Securities currently admitted on the NASD OTC trading platform are but not limited to the following below:

INDUSTRIAL AND GENERAL INSURANCE PLC
FOOD CONCEPTS PLC
NIGER DELTA EXPLORATION AND PRODUCTION PLC
CONSOLIDATED BREWERIES PLC
FRIESLAND CAMPINA WAMCO PLC
GEO FLUIDS PLC...... etc
We urge everyone to dematerialize their share certificates in the above listed companies to enable them trade on the shares.

NASD is a Trading Network that seeks to ease secondary market trading of all non-quoted securities in the West African region, thereby stimulating growth and transparency through more efficient capital raising processes in an open and regulated market.

NASD started as the National Association of Securities Dealers and it is owned by 59 capital market operators. It has been licensed by the Securities and Exchange Commission (SEC) to trade a broad range of over-the-counter (OTC) instruments including unlisted equities and bonds in Nigeria. NASD is focused on promoting and operating an alternative trading system open to all interested and registered securities dealers in Nigeria.

All publicly held securities registered with the SEC are tradable on NASD Platform, thereby providing a reduction between ask and bid prices characteristic of an opaque market.

Securities currently admitted on the NASD OTC trading platform are but not limited to the following below:

INDUSTRIAL AND GENERAL INSURANCE PLC
FOOD CONCEPTS PLC
NIGER DELTA EXPLORATION AND PRODUCTION PLC
CONSOLIDATED BREWERIES PLC
FRIESLAND CAMPINA WAMCO PLC
GEO FLUIDS PLC...... etc
We urge everyone to dematerialize their share certificates in the above listed companies to enable them trade on the shares.

NASD is a Trading Network that seeks to ease secondary market trading of all non-quoted securities in the West African region, thereby stimulating growth and transparency through more efficient capital raising processes in an open and regulated market.

NASD started as the National Association of Securities Dealers and it is owned by 59 capital market operators. It has been licensed by the Securities and Exchange Commission (SEC) to trade a broad range of over-the-counter (OTC) instruments including unlisted equities and bonds in Nigeria. NASD is focused on promoting and operating an alternative trading system open to all interested and registered securities dealers in Nigeria.

All publicly held securities registered with the SEC are tradable on NASD Platform, thereby providing a reduction between ask and bid prices characteristic of an opaque market.

Securities currently admitted on the NASD OTC trading platform are but not limited to the following below:

INDUSTRIAL AND GENERAL INSURANCE PLC
FOOD CONCEPTS PLC
NIGER DELTA EXPLORATION AND PRODUCTION PLC
CONSOLIDATED BREWERIES PLC
FRIESLAND CAMPINA WAMCO PLC
GEO FLUIDS PLC...... etc
We urge everyone to dematerialize their share certificates in the above listed companies to enable them trade on the shares.

Do you know you can buy and sell shares of companies not listed on the Nigerian Stock Exchange such as Friesland WAMCO, MTN, Jaiz bank, Golden Capital etc. This is made possible with the introduction of a formal OTC market named NASD PLC whicj licensed by the Securities and Exchange Commission to operate as platform to raise capital for companies with tradable shares not listed on the exchange.

Even currently, if you have shares of companies that are delisted on the exchange, these shares can be traded for liquidity sake or capital raising. Investors can now express total joy for the introduction of a formal OTC market in the Nigerian Capital market. This will bring about transparency and price discovery of currently traded public companies in the black.

NASD PLC is the promoter of a Trading Network that eases secondary market trading of all securities of unquoted public companies primarily in Nigeria but with a focus on the West African region. Our intention is to stimulate growth by easing the capital raising process. We bring together all stakeholders in capital flows to a common environment where interactions are safe, efficient, transparent and appropriately priced. Operators in our environment include Issuers of equity and fixed income instruments, Institutional and individual investors, a growing pool of accredited Authorised Traders and their Participating Institutions, Settlement banks, Clearing systems, private equity and venture capital firms with a view to increasing liquidity in the unquoted segment of the long term funding market.

Should you have further queries, please feel free to drop your queries here or visit the website.

http://www.nasdng.com

Do you know you can buy and sell shares of companies not listed on the Nigerian Stock Exchange such as Friesland WAMCO, MTN, Jaiz bank, Golden Capital etc. This is made possible with the introduction of a formal OTC market named NASD PLC whicj licensed by the Securities and Exchange Commission to operate as platform to raise capital for companies with tradable shares not listed on the exchange.

Even currently, if you have shares of companies that are delisted on the exchange, these shares can be traded for liquidity sake or capital raising. Investors can now express total joy for the introduction of a formal OTC market in the Nigerian Capital market. This will bring about transparency and price discovery of currently traded public companies in the black.

NASD PLC is the promoter of a Trading Network that eases secondary market trading of all securities of unquoted public companies primarily in Nigeria but with a focus on the West African region. Our intention is to stimulate growth by easing the capital raising process. We bring together all stakeholders in capital flows to a common environment where interactions are safe, efficient, transparent and appropriately priced. Operators in our environment include Issuers of equity and fixed income instruments, Institutional and individual investors, a growing pool of accredited Authorised Traders and their Participating Institutions, Settlement banks, Clearing systems, private equity and venture capital firms with a view to increasing liquidity in the unquoted segment of the long term funding market.

Should you have further queries, please feel free to drop your queries here or visit the website.

http://www.nasdng.com

Still Expecting !!!!!!!

I am Graduate and 28yrs of Age. I work with one of nigeria's financial institutions as a Network and Systems Administrator.I am highly skilled in the following;

Cisco Routing and Switching
Sonic Wall
Fortigate
Cyberoam
Microsoft Exchange Server (2007 & 2010)
Microsoft Sharepoint Server (2007 & 2010)
Microsoft TGM 2010 (The version after ISA 2006)
Microsoft WINDOWS Server 2008 Active Directory Infrastructure Management
I-Direct for IP/MPLS radio integration etc

I have various certifications in various field of IT. Should anyone knows any job that matches these profile i will not mind to be contacted.
My email address is iyoti64@yahoo.com.