The NASD Securities Change grew strongly in 2025, with complete market worth rising 106% because the NASD Index (NDI) elevated from 3,002.68 factors to three,543.46.
In line with the Change, market worth rose from N1.02 trillion in 2024 to N2.1 trillion in 2025, pushed primarily by new listings and worth positive aspects on listed securities.
Extra corporations and devices had been added to the Change, contributing roughly N1.12 trillion in new listings and displaying regular curiosity from issuers.
On the similar time, the NASD Pension Index (NPI) rose sharply, climbing from 954.33 factors to three,002.68 factors, reflecting wider positive aspects throughout the market.
What the information is saying
In line with NASD, the Change admitted Infrastructure Credit score Assure Firm Plc (InfraCredit), Paintcom Funding Nigeria Plc, and MRS Plc in 2025, together with the itemizing of Access Bank Plc’s Rights Challenge.
Collectively, these listings added about N1.121 trillion in new securities to the Change in the course of the 12 months.
The consequences of this elevated exercise are already mirrored in NASD’s half-year outcomes for January to June 2025, which characterize the Change’s newest monetary assertion.
Charges and commissions’ earnings rose to N549.2 million from N135.8 million in the identical interval the earlier 12 months.
- Itemizing charges made up most of this progress, rising to N331.6 million from N1.2 million a 12 months earlier.
- Buying and selling commissions adopted, growing to N199.8 million from N113.7 million, whereas different earnings streams accounted for the remaining.
Past equities, NASD additionally noticed progress in different funding devices, with Industrial Paper admissions exceeding N34.32 billion, displaying stronger participation from each issuers and traders.
Efficiency
For the interval from January to June 2025, NASD Plc recorded a pre-tax revenue of N341.8 million, rebounding from a lack of N62.4 million in the identical interval of 2024. With no tax cost, post-tax revenue matched pre-tax earnings.
- Charges and commissions had been the principle driver of progress, rising 304.3% year-on-year.
Regardless of larger working bills, with worker advantages and compensation at N173.2 million and different prices at N140.9 million, the Change posted an working revenue of N235.1 million, rebounding from a lack of N87.5 million.
On the steadiness sheet, complete belongings grew to N1.4 billion from N1.3 billion, whereas retained earnings climbed 184.96% to N526.6 million.
What it’s best to know
NASD’s CEO, Eguarekhide Longe, mentioned the outcomes present the Change’s position as Nigeria’s different platform for elevating cash and investing past the normal market.
He added that NASD is constructive in regards to the 2026 financial outlook, because of bettering circumstances and anticipated positive aspects from ongoing reforms, together with the brand new tax regulation.
The Change additionally mentioned it is going to preserve working with stakeholders to create extra alternatives, assist entrepreneurship, and encourage inclusive progress via innovation.
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