Norrenberger Securities Limited has acquired a 4.35% strategic stake in NASD Plc for a stunning N1.3 billion, in what industry watchers described as the most significant institutional vote of confidence in the over-the-counter (OTC) market this year.
The National Association of Securities Dealers (NASD) is Nigeria’s over-the-counter exchange where securities that are not listed with the Nigerian Exchange (NGX) Group are traded across the counter.
Though self-regulatory, it is registered with the Securities and Exchange Commission (SEC).