Presenting NASD Enterprise Portal (NASDeP) to capital market stakeholders in Lagos, the Chief Executive Officer of NASD Plc, Mr Bola Ajomale said the Enterprise portal is designed to address the distinct lack on information on enterprise and their capital in the country.
Ajomale pointed out that the portal presents structured information on performance, operations and investment opportunities in growth and value enterprises.
He affirmed that in terms of service delivery, the Enterprise portal obtained a SEC Nigeria no-objection to diversify into the service in November 2017.
He stated that the capital market is under-represented with the amount of activities that is going on in the capital market space especially regarding private equities, saying that there are a lot of private equities activities in the country.
He noted that independently, a lot of companies are raising capital, a lot of transaction are going on in the capital market instrument which are not in the public space.
He added that part of the evidence to this was the fact that it has been reported that capital market capitalisation to GDP is about seven per cent, which should be more than that considering activities in the private equities.
Citing example of South Africa’s capital market contribution of 32 per cent to GDP, Ajomale said “Nigeria is still far behind but there are activities that are going on that are not being documented on the market.”
He explained that that is why the portal has been introduced to provide solution to all these, by capturing accurate information.
According to Ajomale, the NASDeP community is segmented into Enterprises, Due Diligence Analysts, Accredited Investors and Sponsors.
Speaking further on the NASDeP process, the NASD OTC boss said it provides a central database of private investment opportunities and investor pools.
“Through the NASDEP, we provide growth-oriented enterprises with access to patient capital and strategic partnerships,” Ajomale said.
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