Nigerian Exchange Group shares trade at N25 on NASD OTC Securities Exchange

THE SHARES OF THE NIGERI AN EXCHANGE GROUP (NGX) Plc formerly known as the Nigerian Stock Exchange has now been admitted for trading on the NASD overthe-counter (OTC) Securities Exchange market. This was made public by NASD plc, which operates the Over-The-Counter bourse in the country.

According to the management of NASD OTC, the stipulated trading share price of the NGX securities which began trading on Wednesday following its admittance on Tuesday will be N25 per share and will be made available to be traded by the market’s one hundred and fifty-two (152) licensed participating institutions or authorised dealers registered on the NASD platform.

The admittance of the Nigerian Exchange Group’s shares into the NASD OTC market comes in pursuant to the successful demutualization of the Nigerian Stock Exchange in March 2021 and a rebirth of the Nigerian Exchange Group (NGX Group) Plc, a leading integrated market infrastructure group in Africa, resulting in the creation of the nonoperating holding company of the group and its subsidiaries: Nigerian Exchange (NGX) Limited, the operating exchange; NGX Regulation (NGX RegCo) Limited, the independent regulatory arm of the Exchange; and NGX Real Estate (NGX RelCo) Limited, the real estate company.

The NGX has disclosed that the digital assets of the new brand identity are a reflection of the vibrant, disciplined, inspired and engaging personality of NGX Group and its subsidiaries, as they are designed to make a distinctive and positive impression, even as the organisation continues to provide a platform for investors and issuers to meet their investment objectives.