NASD Eyes 2025 Growth with Real Estate Investment Plans

Beulah Godfrey

May 16, 2025
2 min read

NASD Plc expects strong business growth in 2025 as it prepares to launch new investment products, especially in Nigeria’s real estate sector.

At a press briefing held on May 15, 2025, in Lagos, NASD’s Managing Director, Eguarekhide Longe, outlined the company’s plans to expand its offerings. He said the new products aim to unlock value in parts of Nigeria’s financial sector that remain underdeveloped, with a strong focus on real estate.

According to Longe, some of these upcoming products are still waiting for approval from the Securities and Exchange Commission (SEC). He also revealed that NASD is working on investment options in transportation, logistics, and agriculture sectors he believes could deliver good returns for investors.

NASD Rebounds in 2024

This announcement follows a strong rebound in 2024. NASD reported a pre-tax profit of ₦408.7 million, bouncing back from a ₦69.6 million loss in 2023. A large part of this performance was due to Aradel Holdings Plc, which drove most of the trading activity that year.

However, after Aradel exited the NASD exchange through a voluntary delisting on October 14, 2024, NASD decided to shift focus. The company now wants to grow by attracting profitable companies and new capital into emerging investment sectors.

In 2024, the NASD over-the-counter (OTC) market reached a total value of ₦103.96 billion, showing a growth of 177%. Aradel accounted for about 79% of that activity. NASD also saw a 255% increase in listing and delisting fees, earning ₦252 million, with 70% of that revenue coming from Aradel’s delisting. Other firms like Fan Milk, Great Nigeria Insurance, Okitipupa Oil, and Impresit Bakolori made up the rest.

Additionally, NASD collected ₦24 million in registration fees, marking an 11% rise from the previous year.

Looking Ahead to a Stronger 2025

Longe stressed that NASD’s future growth lies in tapping into unexplored parts of the financial market. He explained, “Business must go on. We believe that by creating investment options in new sectors, we will attract more companies and grow faster.”

In its 2024 financial report, NASD posted a pre-tax profit of ₦408.7 million, reversing its 2023 loss. The exchange’s fee and commission income jumped 264%, reaching ₦1.07 billion, up from ₦295.3 million the previous year.

Even though operating costs rose, NASD still earned ₦520.7 million from core operations, showing better efficiency. Retained earnings stood at ₦184.8 million, a sharp turnaround from a ₦223.9 million deficit in 2023. Total assets rose to ₦1.3 billion, growing by 136.2% year-over-year.