• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, August 5, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NASD Highlights Strategies To Enhance Shareholders’ Value

by Leadership News
10 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The chairman of National Association of Securities Dealers (NASD) Plc, Mr. Kayode Falowo stated that the board and management had taken steps to improve the financial performance and service offerings of the Company in enhancing shareholders’ value.

Advertisement

Falowo stated this at the company’s 11th Annual General Meeting (AGM) held in Lagos

He revealed that as at September 20, 2024, the NASD Securities Index had increased from 927.47 in December 2023 to 2,227.73, indicating a growth of 140 per cent.

“In the same period, the market capitalization increased by 143 per cent from 1.26 trillion to over 3 trillion. The value of traded securities also grew from 37.58 billion to 53.5 billion, representing a growth of 42.5 per cent over the period of 38 weeks,” he revealed.

He disclosed that the management is projecting to achieve a net income of about N400 million by the end of 2024, which is a significant improvement from the N69.6 million loss recorded as at December 31, 2023.

RELATED

Operators Seek Due Diligence On RC Investment’s Acquisition of N323bn Stake in First Holdco

FirstHoldCo Demonstrates Resilience With Robust Half-Year Performance, Grows Gross Earnings By 18.1% To ₦1.7trillion…

11 minutes ago
Mixed Performance On Equities Expected This Week

Earnings Optimism Triggers N4.32trn Equities Gain In 5 Days

24 hours ago

“The Board has taken steps to enhance our service offering through the introduction of new products and services. Also, the Securities and Exchange Commission (SEC) has approved our Digital Securities solutions initiative which will enable participants to trade digital securities on the NASD.

“We believe this will attract the younger generation in Nigeria and other parts of the world to our market. We have also deployed our Mobile App and participants in the market have full digital access to our services.

“We have recently received approval from the regulator to trade Commercial Papers on our platform. This is a game changer that was secured through diligent and purposeful engagement between SEC and our Management team,” he stated.

Falowo added that “we are in a close engagement with major participants in the creative industry and expected to commence issuance of products that would position the NASD as a platform for aggregating capital to fund this critical sector and contribute to the nation’s economy.”

Also, the managing director /CEO, NASD, Mr. Eguarekhide Longe said the management had embarked on diversification of the market since 2022 and it has started bearing fruit, saying, “there is a reduced loss position, and it is important to understand that the loss position for 2022 was mitigated by tax reduction and that was not the case with 2023.”

 

He added that NASD had meetings with Lagos Chambers of Commerce and Industry (LCCI), Manufacturers association and Bank of Industry (BoI) to attract SMEs.

 

“The future of NASD is in the growth companies. You may call them SMEs, but I do like to call them growth companies and they will expand the proposition of our market,” he added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Bigi Carbonated Drink Rewards 50 Lucky Consumers

Next Post

Maritime Workers Bemoan Poor Treatment Of Seafarers By Manning Agents

Leadership News

Leadership News

You May Like

Operators Seek Due Diligence On RC Investment’s Acquisition of N323bn Stake in First Holdco
Business

FirstHoldCo Demonstrates Resilience With Robust Half-Year Performance, Grows Gross Earnings By 18.1% To ₦1.7trillion…

2025/08/05
Mixed Performance On Equities Expected This Week
Business

Earnings Optimism Triggers N4.32trn Equities Gain In 5 Days

2025/08/04
Cadbury Nigeria Records N55bn Revenue In 2022
Business

Cadbury Nigeria Records N14.54bn Pre-tax Profit In H1

2025/08/04
MTN Allots Incentive Shares, As Trading Opens With N4bn Loss
Business

MTNN Posts N414.9bn Profit After Tax In H1

2025/08/04
ASSBIFI Link Forex Rise On Unpatriotism Of Nigerians
Business

Despite Optimism, Forex Inflow Declines By 20.9% In July

2025/08/04
JUST-IN: Inflation In Nigeria Rises Further To 21.91%
Business

Easing Inflation, Currency Stability Prompted IMF’s Nigeria Growth Upgrade – Analysts

2025/08/04
Leadership Conference advertisement

LATEST

Nigeria’s Oil Production Surpassed 1.8mbpd In July – NUPRC

FirstHoldCo Demonstrates Resilience With Robust Half-Year Performance, Grows Gross Earnings By 18.1% To ₦1.7trillion…

Campaigns For 2027 Totally Illegal, Diversionary — Falana

Trump Knocks India Over Russian Oil Trade, Vows Higher Tariff

2027: No Party Can Win Oyo Aside PDP — Makinde

‘Tinubu’s Harsh Economic Policies Have Erased Nigeria’s Middle Class’, Says Falana

Trade, Investment Flourish As UAE-Nigeria Relations Strengthened

Flooding: Borno Needs Modern Drainages, Not Overhead Bridges, Chinedumuije Tells Zulum

Lagos Gov’t Allays Fears As Flood Sacks Residents After Rainfall

WAFCON: Aiyedatiwa Gives Super Falcons’ Tosin Demehin N30m, House

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.