BUSINESS APT Securities introduced six coys to OTC trading in a year

After a year of trading activities on the NASD, Over-The-Counter (OTC) platform, specifically designed for unquoted securities in Nigeria, APT Securities and Funds Limited has introduced six companies out of available 16 for the trading.

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.

The platform was created to stimulate growth by easing the process for raising capital.

According to information received by Daily Trust, APT Securities and Funds Limited which provides clients a means of channeling their funds in carefully chosen financial instruments, contributed 37.5 per cent to NASD OTC within the first year of its establishment by introduced ARM Life Plc, Afriland Properties Plc, Jaiz International Plc, Resourcery Plc, Riggs Ventures West Africa Plc and Partnership Investment Company Plc for trading on the well organised trading platform.

However, Greenwich Securities Limited also introduced Central Securities Clearing System Plc and Industrial & General Insurance Plc, while Nigerian International Securities Limited introduced BGL Plc, BGL Securities introduced Consolidated Breweries Plc, Capital Bancorp Plc introduced Friesland Campina WAMCO Nigeria Plc, Stanbic IBTC stockbrokers Limited introduced Food Concepts Plc, Icon Stockbrokers Limited introduced Geo-Fluids Plc, Sterling Capital Market Limited introduced Golden Capital Plc, FCSL Asset Management Co. Limited introduced Niger Delta Exploration & Production and Signet Investment & Securities introduced Swap Technologies and Telecom Plc for trading.