It is a new day for companies whose shares are not listed on the Nigerian Stock Exchange (NSE) as they now get the spotlight. On the 1st of July, 2013, the National Association of Stock Dealers (NASD) launched its Over-the-Counter (OTC) market with trading of unlisted shares of 200 companies. Six banks are to act as settlement banks as the trading of the unlisted companies would be carried out over their counters. With this development, the OTC trading in the Nigerian market should subsequently see a boost.
NASD OTC Market