Norrenberger Acquires 4.35% Stake in NASD Plc for N1.3 Billion

Norrenberger Securities Limited has acquired a 4.35% equity stake in NASD Plc for N1.305 billion, demonstrating a strategic move in the Nigerian over-the-counter market. The acquisition was consummated through GTI Securities Limited, GTI Capital Limited, and GTI Asset Management Trust divesting their stakes.

NASD Plc, under the leadership of Eguarekhid Long, has shown significant growth, with its equity surging by 93.29% year-to-date in 2025. The company's revenue increased by 308% to N657 million in Q2 2025, with a profit rise to N129.3 million and the payment of its first-ever cash dividend of 20 kobo per share in 2025.