Nigerian Stock Exchange
History and Origin of the Nigeria Stock Exchange:The Head Office of The Nigerian Stock Exchange is Lagos. At present, an office was launched in Abuja. In 1961, The Nigerian Stock Exchange commenced operations with 19 securities enrolled for trading but at present, the numbers of enrolled securities are 282.
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.
In 1988, The Nigerian Stock Exchange management protested to the government about a report on the reform of Nigeria's capital market.
Market IndicesAll listings are incorporated in the only index, the Nigerian Stock Exchange. All Shares Index were invented on 3rd January 1984. Trading days and times on the Lagos Exchange are Monday to Friday, 9:30 to 12:30. Charges include a 1% commission on the traded value of shares. Withholding tax on dividend and interest remains at 10%; corporate income tax, 30%, capital gains tax, 10%. Charges on shares transactions have been gradually reduced over the years
Market CapitalizationAs of March 09, 2007, Nigeria Stock Exchange has 283 listed companies with a total market capitalization of about N15 trillion ($125 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
- 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