NASD Rules

In furtherance of NASD’s objective to deepen access to the Nigerian Capital Market and create liquidity transparently, it has developed these Rules for the Admission of Commercial Papers on the NASD OTC Securities Exchange (“Rules”).

These Rules shall apply to:

• an Issuer or Sponsor seeking admission of Commercial Papers (CPs) to the NASD OTC Securities Exchange.
• investors seeking a secondary market for trading CPs.