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Tag: NASD Plc

  • NASD moves to strengthen strategy growth

    NASD moves to strengthen strategy growth

    NASD Plc and its major shareholders, board members, and executive management have held a high-level stakeholder retreat aimed at reinforcing the Exchange’s long-term strategic direction and governance framework.

    The retreat, held at the Nordic Hotel, Victoria Island, Lagos, brought together key institutional stakeholders for in-depth discussions on NASD’s evolving role within Nigeria’s capital market ecosystem.

    The engagement provided a structured platform for shareholders and management to align on strategic priorities necessary to deepen institutional strength, enhance market relevance, and support sustainable growth.

    NASD noted that deliberations focused on the importance of strong shareholder collaboration, disciplined strategy execution, and the adoption of equitable governance practices to further strengthen investor confidence and long-term value creation.

    Participants exchanged views on navigating market complexity, adapting to regulatory and economic changes, and ensuring that the Exchange continues to operate in line with global best practices while addressing the specific needs of Nigeria’s over-the-counter market.

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    NASD emphasised that the retreat highlighted the critical role of close alignment among shareholders, the Board, and executive leadership in shaping the Exchange’s next phase of development. By encouraging open dialogue and shared strategic intent, the engagement reaffirmed NASD’s commitment to transparency, institutional resilience, and leadership within the capital market.

    The session concluded with a group engagement reflecting the depth of experience, governance oversight, and collective responsibility guiding NASD’s strategic outlook as it continues to enhance its contribution to Nigeria’s financial market architecture.

    NASD posted a standout performance in 2025, with its market diversification strategy delivering a surge in listings, deeper market activity, and a sharp expansion in market value across its alternative trading platforms.

  • NASD lists Jilnas Nigeria’s N3 billion commercial paper

    NASD lists Jilnas Nigeria’s N3 billion commercial paper

    NASD Plc has listed Jilnas Nigeria Limited’s N3 billion Series 1 Commercial Paper (CP), the debut issuance under the company’s N10 billion CP programme.

    The offer opened on August 27, 2025 and closed on September 04, 2025, with maturity set for June 2, 2026.

    Arranged by Pathway Advisors Limited, the 270-day Series 1 CP offers investors a competitive 25 per cent yield per annum. Funds raised will support Jilnas’ short-term working capital needs as the company deepens its market leadership.

    Speaking on the transaction, Founder and Chief Executive Officer, Pathway Advisors Limited, Adekunle Alade, described the issuance as “a landmark achievement” that underscored investor confidence in Jilnas’ strong fundamentals, governance standards, and long-term growth prospects.

    He thanked investors for their support and commended NASD PLC for enabling a seamless listing process.

    Managing Director, NASD Plc,  Eguarekhide Longe, welcomed the new listing as a significant boost for the capital market.

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    He noted that more credible private companies are now leveraging NASD’s CP platform for transparent and structured access to capital and expressed optimism about the growing pipeline of upcoming listings.

    Market watchers explained that this momentum not only enhances market confidence but also creates a more vibrant ecosystem where well-governed businesses can efficiently access the capital they need to grow.

    Jilnas Nigeria Limited, founded in 1992, is a leading indigenous producer of edible vegetable oil. The Company has evolved from a 50 TPD operation into a modern processing powerhouse featuring a 200 TPD solvent extraction plant, three storage silos, a 200 TPD refinery, and a high-capacity roasting unit.

    Jilnas is widely regarded as the largest supplier of processed edible oils across Nigeria’s Southeast and South-South regions, with an extensive footprint reaching Northern markets.

    The company continues to post strong financial performance, recording revenue growth from N12.79 billion in 2021 to N45.57 billion in 2024. Jilnas also maintains an exemplary debt-service track record, having redeemed over N4.8 billion in previous CP and private note issuances.