In 2024, Nigeria’s NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities Index recording a 223.64% return. This performance was largely driven by a strong interest in large-cap stocks, including Afriland Properties, and Geo Fluids. The NASD Pension Index, which tracks companies meeting stringent pension fund requirements, outperformed with an exceptional 433.20% return. Total trades executed grew by over 127%, and the value of these trades surged by 176.71% compared to the previous year.
The market’s growth was reflected in four new admissions, including Impresit Bakolori and Capital Hotels, bringing the total listed securities to 45 by the end of 2024. However, market capitalization dropped by 18.33% to N1.029 trillion, primarily due to the exit of Aradel Holding Plc and FAN Milk Plc. Despite this, the market maintained its momentum with continued interest from both domestic and international investors, particularly in high-growth sectors.
NASD’s Managing Director, Eguarekhide Longe, emphasized the exchange’s commitment to providing a secure, transparent platform for investment. Looking ahead to 2025, NASD plans to strengthen its partnerships with SMEs and attract youth participation, aiming to further develop the Nigerian economy. The exchange will continue to focus on innovation and support for indigenous business growth, positioning itself as a key partner for young Nigerians with entrepreneurial potential.
