In 1960, The
Nigerian Stock Exchange (NSE) was formed and known as the Lagos Stock Exchange. In December 1977 it came to be called The Nigerian Stock Exchange. Currently, The Nigerian Stock Exchange (NSE) consists of six branches and the Head Office is Lagos. The Trading System on the NSE is fully automatic.
History and Origin of the Nigeria Stock Exchange:
The Lagos branch was launched in 1961; Kaduna, 1978; Port Harcourt, 1980; Kano, 1989; Onitsha, February 1990; and Ibadan August 1990; Abuja, October 1999 and Yola, April 2002.
The Head Office of The
Nigerian Stock Exchange is Lagos. At present, an office was launched in Abuja.
In 1961, The NSE commenced operations with 19 securities enrolled for trading but at present, the number of enrolled securities are 282.
In 1988, The NSE management protested to the government about a report on the reform of Nigeria's capital market.
Market Indices
All listings are incorporated in the only index, the Nigerian Stock Exchange All Shares Index which invented on 3rd January 1984.
Market Capitalization
On August 18, 2006, The Nigerian Stock Exchange (NSE) has about 282 enrolled companies with a total market capitalization of approximately N4 trillion ($31.5 billion).
Major Companies listed in Nigeria Stock Exchange
A.A.A. Stockbrokers Limited
AIL Securities Limited
Alliance Capital Management Company Limited
BFCL Assets & Securities Limited,
BGL Securities Limited,
Calyx Securities Limited
Capital Assets Limited
Dakal Services Limited
Davandy Finance & Securities Limited
EMI Capital Resources Limited
Top Investors
Allbond Investments Limited
Altrade Securities Limited,
Amyn Investments Limited
BSD Securities Limited
Capital Express Securities Limited
Delords Securities Limited
Denham Management Limited
Dependable Securities Limited
Epic Investment Trust Limited
Equator Finance & Securities Limited Securities Limited,