NASD Exchange Assures Stakeholders Uninterrupted Service

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange has reiterated its commitment to continue to make stakeholders happy, especially at this period the country and the world are battling with the COVID-19 pandemic.

The exchange, in a statement, promised to continue to offer uninterrupted services to the market, adding that it will continue to provide support through its many channels during the period.

“While we have complied by temporarily closing our office in line with the Federal Government’s directive, we wish to assure our esteemed stakeholders that our services continue to run uninterrupted and we will continue to provide support through our other channels during this period,” the statement said.

It further informed stakeholders that its digital channels such as mobile app, portal services, and website platforms will continue to render its services.

It also stated that its customer contact centre will be available for enquiries and support through 09024559686 or via email at, and said social media savvy user can stay updated via its twitter handle @nasdng.

Speaking on the coronavirus pandemic, NASD expressed its optimism at the flicker of good news, “The COVID-19 pandemic continues to be a challenge for all countries affected all over the world including Nigeria, thankfully, we have also received some cheering news of patients who have recovered fully.

“We are very optimistic that together, we will fight and win this scourge that has affected the world.”

“We will continue to monitor the situation closely and provide you with regular updates as the need arises.

“We however encourage you to please stay safe by avoiding unnecessary social contacts, ensuring continuous washing of hands and adhering to other basic rules of personal hygiene,” the exchange added.

Due to the Easter break, there will be no trading at the market on Friday (April 10) and Monday (April 13) but noteworthy was that the market had a very positive week as the NASD OTC Security Index (NSI) and market capitalisation closed positive.

The NSI and market capitalisation closed the week at 698.22 points and N512.89 billion respectively, pushed by securities belonging to Central Systems Clearing Systems (CSCS) Plc which recorded a 7 percent movement as it shares opened the week at N12.19 kobo per share and ended at N13 per share.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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