By Dipo Olowookere
On Tuesday, December 5, 2017, the NASD OTC Securities Exchange introduced the NASD Enterprise Portal (NASDeP) to capital market operators registered by the Securities and Exchange Commission (SEC).
The portal, which is the first of its kind in the Nigerian capital market, engages the independence and professionalism of market operators to collate information on the performance, operations and forecasts of value and growth enterprises.
NASDeP is expected to bring immense value to the private investing community who will save on expensive research effort and also of value to economic analysts and regulators like NIPC and CBN.
The portal proposes to keep track of the growth of these companies in an orderly manner and will also support such companies in providing information that is critical to them attracting direct investment flows and ease the capital raise process for such companies.
The platform is expected to open in the first quarter of 2018 as the management of NASD expects that the new layer of transparency will ease the capital raise process in the private equity space and encourage more growth in the Nigerian economy.
Modupe Gbadeyanka