Infrastructure bank lists on NASD

Infrastructure Bank, formerly known as Urban Development Bank of Nigeria, has listed shares worth N3.2 billion on the NASD OTC Securities Exchange.

The listing has paved the way for investors to buy and sell shares of the development bank

Infrastructure Bank, formerly  Urban Development Bank of Nigeria Plc, dematerialised 6.206 billion ordinary shares of 50 kobo each at 52 kobo per share on the NASD.

Infrastructure Bank joined 11 formerly Mobil Oil Nigeria Plc, and Capital Bancorp Plc, which also recently listed their shares on NASD OTC Securities Exchange.

The NASD OTC Securities Exchange is the government-approved over-the-counter (OTC) platform for trading in unlisted public companies.


Leave a Reply