Nigerian Exchange Group admitted on NASD

Nigerian Exchange Group admitted on NASD

NASD PLC has announced the admission of the securities of the Nigerian Exchange Group PLC (NGX) for trading on its market.

According to information obtained by Business Metrics from the management of the unquoted bourse, the listing came pursuant to the successful demutualization of the Nigerian Stock Exchange (NSE) now known as the Nigerian Exchange Group PLC.

“NGX shares will be available to be traded by licensed participating institutions or authorized traders registered on the NASD platform from Tuesday April 13 2021,” NASD said in statement.

The NGX Group is undergoing restructuring following the successful demutualization of the bourse which gave rise to three subsidiaries: Nigerian Exchange (NGX) Limited, the operating exchange; NGX Regulation (NGX RegCo) Limited, the independent regulatory arm of the Exchange; and NGX Real Estate (NGX RelCo) Limited, the real estate company.

Just in Tuesday, the management of Group unveiled a new brand identity and website for the operations of the demutualised group, conceived as a leading integrated market infrastructure Group in Africa.