{
  "id": 7216174,
  "title": "NASD Harps on Creating Diversified, Recurring Revenue Streams",
  "url": "https://urgent.news/2026/09/14/nasd-harps-on-creating-diversified-recurring-revenue-streams",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T01:22:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/09/14/nasd-harps-on-creating-diversified-recurring-revenue-streams/"
  },
  "original_language": "en",
  "account": "Nasdaq Plc, Nigeria's leading securities firm, is pursuing a strategic plan to broaden its scope beyond conventional securities trading and establish a more diversified and consistent revenue model. This shift aligns with the increasing demand for private capital to fuel Nigeria's upcoming economic growth across sectors like agriculture, energy, infrastructure, manufacturing, technology, real estate, and the creative economy.\n\nAt the company's 13th Annual General Meeting, Chairman Olayimikah Bolo outlined NASD's 2026 objectives, emphasizing market expansion, enterprise development, capital formation, digital innovation, heightened investor involvement, and strategic alliances. The management remains committed to enhancing governance, risk management, and operational resilience as it steers the platform towards its next growth phase.\n\nThe company's recent financial performance serves as a solid basis for this strategy. Market capitalization surged by 105.83 percent to N2.12 trillion, while trading volume skyrocketed by 370.81 percent to 14.03 billion shares. The NASD Securities Index climbed 18.02 percent to 3,543.74, with admitted securities rising from 44 to 46. Nevertheless, revenue remained relatively unchanged at N1.12 billion, with profit after tax decreasing by 36 percent to N263.4 million, highlighting the necessity to convert substantial market growth into more robust and varied earnings.\n\nThe decline in fees and commission income by 15 percent to N915.9 million, although a sharp increase in interest income by 237 percent to N206.9 million, partially counterbalanced this trend. At the AGM, Acting Managing Director Chinwendu Ekeh announced the company's efforts to create new avenues to monetize the expanded market, along with plans for growth in Commercial Paper and Digital Securities.",
  "summary": "Kayode Tokede NASD Plc is positioning for its next phase of growth by expanding beyond traditional securities trading into a broader capital-formation ecosystem, with the ambition of creating diversified and",
  "key_points": [
    "Nasdaq aims to diversify revenue beyond traditional securities trading.",
    "Chairman Olayimikah Bolo set 2026 goals focusing on market expansion and digital innovation."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}