NASD Exchange Records Stellar 2025 Performance with 106% Surge in Market Capitalization
The NASD Over-the-Counter (OTC) Securities Exchange concluded 2025 with exceptional growth, as its total market value skyrocketed by 106%. This remarkable performance underscores the exchange’s rising prominence as a critical platform for capital formation within Nigeria’s financial ecosystem. The surge, which propelled market capitalization from N1.02 trillion in 2024 to N2.1 trillion in 2025, was primarily fueled by a wave of new listings and substantial price appreciation across existing securities.
New Listings and Index Performance Fuel Growth
A significant influx of new companies and instruments contributed approximately N1.12 trillion to the market, demonstrating steady issuer confidence. Key admissions in 2025 included Infrastructure Credit Guarantee Company Plc (InfraCredit), Paintcom Investment Nigeria Plc, and MRS Plc, alongside the listing of Access Bank Plc’s Rights Issue. These additions collectively brought about N1.121 trillion in new securities to the platform. Reflecting this broad-based strength, the NASD Index (NDI) advanced to 3,543.46 points, while the NASD Pension Index (NPI) experienced a particularly sharp climb from 954.33 points to 3,002.68 points.
Strong Financial Results Reflect Increased Market Activity
The positive market momentum directly translated into robust financials for NASD Plc in the first half of 2025. Fee and commission income rose dramatically to N549.2 million from N135.8 million in the comparable 2024 period. This revenue growth facilitated a significant turnaround to a pre-tax profit of N341.8 million, rebounding from a loss of N62.4 million. The exchange also noted expansion beyond equities, with Commercial Paper admissions exceeding N34.32 billion, indicating stronger participation from diverse market participants. As Peter Obi questions economic strategies elsewhere, the NASD results highlight a successful alternative model. Meanwhile, as PTML Customs generates significant revenue for government coffers, the growth of private market platforms like NASD complements national fiscal objectives.
On the balance sheet, total assets increased to N1.4 billion from N1.3 billion, while retained earnings grew by 184.96% to N526.6 million. CEO Eguarekhide Longe attributed the results to the exchange’s established role as Nigeria’s premier alternative platform for raising capital and investing. He expressed optimism for the 2026 outlook, citing improving economic conditions and anticipated benefits from ongoing reforms. The exchange committed to continued collaboration with stakeholders to foster entrepreneurship and inclusive growth, a sentiment echoed by leaders like Uzodimma: Nigeria will benefit from such multi-faceted economic engagement.
The exchange’s performance stands in contrast to other news, such as when 2 women nabbed for alleged infractions, underscoring the importance of regulated, transparent markets. NASD’s trajectory offers a constructive narrative on Nigerian finance, distinct from the political focus of an Osun Gov poll. By providing a viable route for companies and investors, the NASD OTC Exchange is solidifying its position as a cornerstone of Nigeria’s diversified capital market structure.
