NASD Targets Sustainable Profitability, Dividend Payout To Shareholders

The Chairman of Nigeria’s over-the-counter (OTC) exchange, National Association of Securities Dealers (NASD) Plc, Mr Kayode Falowo, at the company’s 11th Annual General Meeting (AGM) in Lagos stated that the board and management had taken steps to address the concerns expressed by the shareholders on improving financial performance and service offerings.

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