Nigerian Stock Exchange Top performer for today

Dangote companies led the pack.

Nestle Nigeria PLC posted a record revenue of 71 billion

Nestle Nigeria PLC reported its first-quarter earning report for the year 2019 and the company boasts a remarkable N 71 Billion in revenue.  The company also saw a 5.2 percent growth for the year 2019 from the year 2018. 

The total profit came in at N 12.8 Billion beating the estimate of N 8.6 Billion from the previous year.    The company recorded a gross profit of N31, 468,870 for the year 2019; marketing and distribution expenses came in at -10,371,484.

  Focusing on creating demand and strengthening the brand’s loyalty program is a major concern to Nestle.   According to Nestle PLX, “The company also continued to focus on Creating Shared Value for society and its shareholders by delivering high quality nutritious products to consumers and contributing to the growth of the local economy through local sourcing and increasing access to clean drinking water in the communities where it operates”.   

 Mr. Mauricio Alarcon, Managing Director & CEO of Nestlé Nigeria Plc said, “We are pleased with the sustained growth of our company, the loyalty of our consumers and the discipline and dedication of our people to provide tastier and healthier foods and beverages”.

Outlook:

“Looking forward to the rest of 2019, we are optimistic that our current business model will keep delivering satisfactory results to our shareholders and to society in line with our Creating Shared Value principle. Providing high-quality and affordable nutritious products that meet the needs and preferences of our consumers will remain our priority as we help build thriving, resilient communities through sustainable local sourcing and continuous product innovation’ the CEO said during the earnings report.

Nestle stock price has been up more than 100 percent since 2017. The stock is trading at N 1,520.00 as of today April 6, 2019.  The stock was selling at N 776 in the year 2017.   The 52 weeks high range is N 1,340.00 to N 1,645.00.  It’s market cap increased to N 1.205 T, it’s trading at 25 times price per earning and it paying 3.85 percent in dividends.

The above statement is in relation to the Q1 2019 report, the Q2 report is due on July 30, 2019.

 Food products business is a booming business in Nigeria. Nestle manufactures hydrolyzed plant protein mix and other food products based on its local agricultural raw material.

Nestle food product brands

Maggi

Nestle Golden Morn

Nestle Ideal

Nestle Nido

Milo nestle

Nescafe

Nestle Kit Kat

Nestle Carnation milk

Nestle Gloria

These products are selling at a record high in markets around the world. Nestlé is making money from direct sales, wholesales directly to the reseller, distribution to hotels, and other companies.

This statement for the period ending on March 31, 2019. The company reported N 19,122,202 profit before tax and it did not declare any new dividend price at the time of this report.

Operation result shows that Nestle has a positive quarter. 2019 reported number was up by 66% compared to the reported comprehensive income for the year 2018.

It’s a good practice for directors to be invested in companies that they are associated with. This will ensure that they make the right decisions for stakeholders because their money is also on the line. According to the recent report, only one director owns shares in Nestel company.

Mr. David Ifezulike is the Chairman of Nestle and has 56,255 shares in the company. The other directors have no shares in the company. The most alarming discovery is that the Managing Director and CEO of Nestle does not have any shares in the company.

Share repurchasing program

Companies usually buy their own shares in other to reduce the number of outstanding shares. A company can boost investor’s confidence by buying back it own stocks. This process allows the company to become its own investor; as a result, it reduces the number of outstanding shares. This can also improve the company’s earnings because only a few are left to claim the company’s earnings. Nestle reported that it didn’t buyback any shares this past quarter.

Nestle’s Asset declaration

Nestle’s Debt information

The company did not reveal much about its overall debt. It only shared little nformation about its short term debt obligation and this cannot be factored into how the company stands financially.

Nestle Nigeria PLC dividend declaration

Dividend unchanged, the company will stick to the 3.85 % dividend payout. Nestle cleared the dividend on March 4, 2019. Payments will be made to investors who are invested in Nestle stocks by May 10, 2019. The payment date is May 29, 2019.

Expressposting Nestle review

Nestle did not give enough information on how each of their brand product is performing on the market. They did not provide future guidance on what investors should expect for the next fiscal year. They did not discuss cutting cost or mention plans that will add value to the share price.

No innovations; Nestle does not have any new product on the pipeline. The stock price is still cheap, the company earned a total profit of N 12.8 billion and they are expected to earn more for the next quarter. The stock has been down about 1 percent year to date. We believe that Nestle will do it’s best to improve the share value for the benefit of the investors.

How to invest in London Stock Exchange.

You have to contact a stockbroker in the United Kingdom to purchase or sell shares in the Exchange, you should contact your broker or share dealing service, in the same way as if you were buying shares in any company traded on the London Stock Exchange’s markets. … Like most listed companies anyone can purchase shares in the London Stock Exchange.

To 5 best performing Nigerian stock for the day

• Top 5 Trades

Symbols	Last Close	Current	Change	%Change
SEPLAT	N575	N579.9	4.9	0.85%
CCNN	N14.6	N15.85	1.25	8.56%
GUARANTY	N33	N33.45	0.45	1.36%
FIDSON	N4.2	N4.6	0.4	9.52%
NB	N65.75	N66.05	0.3	0.46%
View More

Nigeria stocks did not over perform today, it was an average day. FIDSON stock led with 9.65 Percent gain followed by CCNN stock with 8.56% gain. The market is now closed, trading will resume on Monday.

List ETF in the Nigerian Stock Exchange

NEWGOLD EXCHANGE TRADED FUND (ETF)	NEWGOLD
VETIVA GRIFFIN 30 ETF	VETGRIF30
LOTUS HALAL EQUITY ETF	LOTUSHAL15
STANBIC IBTC ETF 30	STANBICETF30
VETIVA BANKING ETF	VETBANK
VETIVA CONSUMER GOODS ETF	VETGOODS
VETIVA INDUSTRIAL ETF	VETINDETF
VETIVA S & P NIGERIA SOVEREIGN BOND ETF	VSPBONDETF
THE SIAML PENSION ETF 40	SIAMLETF40

Listed Bonds on the Nigerian Stock Exchange

Symbol	Bond Description	Issuer
FG5B2028S5	15.00% FGN NOV 2028	Central Bank of Nigeria
FG6B2029S3	12.49% FGN MAY 2029	Central Bank of Nigeria
FG6B2019S4	7.00% FGN OCT 2019	Central Bank of Nigeria
FG6B2029S5	8.50% FGN NOV 2029	Central Bank of Nigeria
FG9B2019S3	16.00% FGN JUN 2019	Central Bank of Nigeria
FG9B2022S1	16.39% FGN JAN 2022	Central Bank of Nigeria
FG7B2030S3	10.00% FGN JUL 2030	Central Bank of Nigeria
LAB2019S1	14.50% LAB NOV 2019	LAGOS STATE GOVT. BOND
OSB2019S1	14.75 OSUN DEC 2019	14.75% OSUN DEC 2019
GMB2019S1	15.50% GMB OCT 2019	15.50% GMB OCT 2019
BAB2017S0	BAYELSA STATE DEVELOPMENT BOND 2017 S0	BAYELSA STATE GOVERNMENT BOND
OSB2020S2	14.75% OSUN OCT 2020	OSUN STATE GOVT. BOND
LAB2020S2	13.50% LAB NOV 2020	13.50% LAB NOV 2020
FG112024S1	14.20% FGN MAR 2024	Central Bank of Nigeria
KGB2020S1	15.00% KGB DEC 2020	KOGI STATE GOVT. BOND
EKI2020S2	14.50% EKI DEC 2020	14.50% EKI DEC 2020
NAB2021S1	15.00% NAS JAN 2021	15.00% NAS JAN 2021
NAHCOBDS2	15.25% NAH DEC 2020	15.25% NAH DEC 2020
FG112034S2	12.1493% FGN JUL 2034	Central Bank of Nigeria
ADBB2021S1	11.25% ADB FEB 2021	11.25% ADB FEB 2021
FID2019S0	15.5% FID NOV 2019	FIDSON HEALTHCARE PLC
FG122020S1	15.54% FGN FEB 2020	Central Bank of Nigeria
BAU2021S1	15.5% BAU DEC 2021	BAUCHI STATE GOVERNMENT BOND
FCM2021S1	14.25% FCM NOV 2021	FCMB FINANCING SPV PLC
SB2024S1TA	(182-DAY CBN TBILL)SIB SEP2024	STANBIC IBTC HOLDINGS PLC
SB2024S1TB	13.25% SIB SEP 2024	STANBIC IBTC HOLDINGS PLC
UBA2021S1	16.45% UBA DEC 2021	United Bank for Africa Plc
GMB2022S1	16.00% GMB FEB 2022	GOMBE STATE GOVT. BOND
OYB2022S1	16.5% OYO FEB 2022	OYO STATE GOVERNMENT BOND
KGB2022S2	17.00% KGB MAR 2022	KOGI STATE GOVT. BOND
FBB2022S0	16.48% FBB MAY 2022	FIDELITY BANK PLC
CRS2022S1	17.00% CRS MAY 2022	CROSS RIVER STATE GOVT. BOND
NMR2030S1	14.90% NMR JUL 2030	NIGERIAN MORTGAGE REFINANCE COMPANY PLC
TRN2022S1	16.00% TRN OCT 2022	TRANSCORP HOTELS PLC
FG132026S1	12.50% FGN JAN 2026	Central Bank of Nigeria
BNB2022S0	16.5% BNU FEB 2022	BENUE STATE GOVERNMENT BOND
ZAM2022S1	17% ZAM APR 2022	ZAMFARA STATE GOVERNMENT BOND
TRN2020S2	15.50% TRN DEC 2020	TRANSCORP HOTELS PLC
FG132036S2	12.40% FGN MAR 2036	Central Bank of Nigeria
FG132021S3	14.50% FGN JUL 2021	Central Bank of Nigeria
LAF2019S1	14.25% LAF JUN 2019	LAFARGE AFRICA PLC
LAF2021S2	14.75% LAF JUN 2021	LAFARGE AFRICA PLC
WEM2023S1	18.50% WEM OCT 2023	WEMA FUNDING SPV PLC BOND
FOB2021S1	17.50% FO DEC 2021	FORTE OIL PLC
FGEUR2032S1	7.875% FGN FEB 2032	Central Bank of Nigeria
FG142027S1	16.2884% FGN MAR 2027	FEDERAL GOVERNMENT OF NIGERIA
FGS2020S3	13.794% FGS APR 2020	FEDERAL GOVERNMENT OF NIGERIA
FG142037S2	16.2499% FGN APR 2037	FEDERAL GOVERNMENT OF NIGERIA
SIM2023S1	16.50% SIM AUG 2023	STERLING INVESTMENT MGT. SPV PLC BOND
LAB2023S1	16.50% LAB Dec 2023	LAGOS STATE GOVT. BOND
FGS2019S4	13.189% FGS MAY 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS2020S5	14.189% FGS MAY 2020	FEDERAL GOVERNMENT OF NIGERIA
MRE2022S1	17.00% MIX JAN 2022	MIXTA REAL ESTATE PLC
FGS2019S6	13.189% FGS JUNE 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS2020S7	14.189% FGS JUNE 2020	FEDERAL GOVERNMENT OF NIGERIA
FGDIA2022S1	5.625% FGN JUN 2022	FEDERAL GOVERNMENT OF NIGERIA
FGS2019S8	13.386% FGS JULY 2019	Central Bank of Nigeria
FGS2020S9	14.386% FGS JULY 2020	Central Bank of Nigeria
FGS201910	13.535% FGS AUG 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS202011	14.535% FGS AUG 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS201912	13.817% FGNSB SEP 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS202013	14.817% FGNSB SEP 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS201914	12.059% FGNSB OCT 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS202015	13.059% FGNSB OCT 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS201916	12.091% FGNSB NOV 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS202017	13.091% FGNSB NOV 2020	FEDERAL GOVERNMENT OF NIGERIA
FGEUR2027S2	6.5% FGN NOV 2027	Central Bank of Nigeria
FGEUR2047S3	7.625% FGN NOV 2047	Central Bank of Nigeria
LAB2024T1	16.75% LAB AUG 2024	LAGOS STATE GOVT. BOND
LAB2027T2	17.25% LAB AUG 2027	LAGOS STATE GOVT. BOND
FGS201918	11.738% FGNSB DEC. 2019	FEDERAL GOVERNMENT OF NIGERIA
FGS202019	12.738% FGNSB DEC. 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202020	11.098% FGNSB JAN 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202121	12.098% FGNSB JAN 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202123	11.277% FGNSB FEB 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202022	10.277% FGNSB FEB 2020	FEDERAL GOVERNMENT OF NIGERIA
FG152028S1	13.98% FGN FEB 2028	FEDERAL GOVERNMENT OF NIGERIA
FGSUK2024S1	16.4700% FGN SEP 2024	FEDERAL GOVERNMENT OF NIGERIA
FG152025S2	13.53% FGN MAR 2025	FEDERAL GOVERNMENT OF NIGERIA
FG152023S1	12.75% FGN APR 2023	FEDERAL GOVERNMENT OF NIGERIA
FGS202024	10.746% FGNSB MAR 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202026	10.75% FGNSB APR 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202028	9.48% FGNSB MAY 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202125	11.746% FGNSB MAR 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202127	11.75% FGNSB APR 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202129	10.48% FGNSB MAY 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202030	10.344% FGNSB JUNE 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202131	11.344% FGNSB JUNE 2021	FEDERAL GOVERNMENT OF NIGERIA
FGB2022S1	13.48% FGN DEC 2022	FEDERAL GOVERNMENT OF NIGERIA
FGS202032	10.483% FGNSB JULY 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202133	11.483% FGNSB JULY 2021	FEDERAL GOVERNMENT OF NIGERIA
PLA2022SO	17.50% PLA MAR 2022	PLATEAU STATE GOVT. BOND
UPD2023S1	16.00% UPD APR 2023	UACN PROPERTY DEVELOPMENT CO. PLC
CIB2023S1	16.54% C&I JUN 2023	C & I LEASING PLC
FGS202034	10.668% FGNSB AUGUST 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202135	11.668% FGNSB AUGUST 2021	FEDERAL GOVERNMENT OF NIGERIA
LAB2024T3	15.60% LAB AUG 2024	LAGOS STATE GOVT. BOND
LAB2027T4	15.85% LAB AUG 2027	LAGOS STATE GOVT. BOND
FGS202036	11.364% FGS SEP 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202137	12.364% FGS SEP 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202038	11.175% FGS OCT 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202139	12.175% FGS OCT 2021	FEDERAL GOVERNMENT OF NIGERIA
FMN2021S1	15.50% FMN OCT 2021	Flour Mills Nigeria Plc
FMN2023S2	16.00% FMN OCT 2023	Flour Mills Nigeria Plc
FGS202040	12.390% FGS NOV 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS202042	12.402% FGS DEC 2020	FEDERAL GOVERNMENT OF NIGERIA
FGS2021411	13.390% FGS NOV 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202143	13.402% FGS DEC 2021	FEDERAL GOVERNMENT OF NIGERIA
NMR2033S2	13.80% NMR MAR 2033	NIGERIAN MORTGAGE REFINANCE COMPANY PLC
SIM2025S2	16.25% SIM OCT 2025	STERLING INVESTMENT MGT. SPV PLC BOND
MRE2023S2A	16.50% MIX SEP 2023	MIXTA REAL ESTATE PLC
MRE2023S2B	17.75% MIX OCT 2023	MIXTA REAL ESTATE PLC
FGS202144	12.125% FGS JAN 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202245	13.125% FGS JAN 2022	FEDERAL GOVERNMENT OF NIGERIA
FGS202146	12.050% FGS FEB 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202247	13.050% FGS FEB 2022	FEDERAL GOVERNMENT OF NIGERIA
FGS202148	11.62% FGS MAR 2021	FEDERAL GOVERNMENT OF NIGERIA
FGS202249	12.62% FGS MAR 2022	FEDERAL GOVERNMENT OF NIGERIA
AGB2024S0	15.50% ABGB MAR 2024	ACCESS BANK OF NIGERIA PLC

Listed Companies in the Nigeria Stock Exchange

Company	Ticker	Sector	Date Listed	Date Of Incorporation
11 PLC	MOBIL	OIL AND GAS	July 25th 1991	December 31st 1951
A.G. LEVENTIS NIGERIA PLC.[BMF]	AGLEVENT	CONGLOMERATES	November 29th 1978	March 22nd 1958
ABBEY MORTGAGE BANK PLC	ABBEYBDS	FINANCIAL SERVICES	October 21st 2008	August 26th 1991
ACADEMY PRESS PLC.	ACADEMY	SERVICES	June 15th 1995	July 28th 1964
ACCESS BANK PLC.	ACCESS	FINANCIAL SERVICES	November 18th 1998	February 8th 1989
AFRICA PRUDENTIAL PLC	AFRIPRUD	FINANCIAL SERVICES	November 1st 2003	March 23rd 2006
AFRICAN ALLIANCE INSURANCE PLC[AWR]	AFRINSURE	FINANCIAL SERVICES	September 17th 2009	May 6th 1960
AFROMEDIA PLC	AFROMEDIA	SERVICES	May 18th 2009	October 28th 1959
AIICO INSURANCE PLC.	AIICO	FINANCIAL SERVICES	Invalid date	July 14th 1970
ALUMINIUM EXTRUSION IND. PLC.[BLS]	ALEX	NATURAL RESOURCES	October 4th 1986	October 26th 1982
ANINO INTERNATIONAL PLC.[MRS]	ANINO	OIL AND GAS	January 2nd 1990	June 3rd 1981
ARBICO PLC.	ARBICO	CONSTRUCTION/REAL ESTATE	Invalid date	June 18th 1958
ASO SAVINGS AND LOANS PLC[MRS]	ASOSAVINGS	FINANCIAL SERVICES	April 25th 2008	November 9th 1995
ASSOCIATED BUS COMPANY PLC	ABCTRANS	SERVICES	December 20th 2006	April 5th 1993
AUSTIN LAZ & COMPANY PLC[BLS]	AUSTINLAZ	INDUSTRIAL GOODS	Invalid date	Invalid date
AXAMANSARD INSURANCE PLC	MANSARD	FINANCIAL SERVICES	November 19th 2009	June 23rd 1989
B.O.C. GASES PLC.	BOCGAS	NATURAL RESOURCES	Invalid date	December 11th 1959
BERGER PAINTS PLC	BERGER	INDUSTRIAL GOODS	Invalid date	September 1st 1959
BETA GLASS PLC.	BETAGLAS	INDUSTRIAL GOODS	July 2nd 1986	June 2nd 1974
C & I LEASING PLC.[AWR]	CILEASING	SERVICES	December 1st 1997	December 28th 1990
CADBURY NIGERIA PLC.	CADBURY	CONSUMER GOODS	Invalid date	January 9th 1965
CAP PLC	CAP	INDUSTRIAL GOODS	Invalid date	Invalid date
CAPITAL HOTEL PLC[BLS]	CAPHOTEL	SERVICES	August 15th 1990	January 16th 1981
CAPITAL OIL PLC[MRF]	CAPOIL	OIL AND GAS	Invalid date	August 29th 1985
CAVERTON OFFSHORE SUPPORT GRP PLC[BLS]	CAVERTON	SERVICES	May 20th 2014	June 2nd 2008
CEMENT CO. OF NORTH.NIG. PLC	CCNN	INDUSTRIAL GOODS	October 4th 1993	August 15th 1962
CHAMPION BREW. PLC.[BLS]	CHAMPION	CONSUMER GOODS	September 1st 1983	July 31st 1974
CHAMS PLC	CHAMS	ICT	Invalid date	September 10th 1985
CHELLARAMS PLC.	CHELLARAM	CONGLOMERATES	April 1st 1977	August 13th 1947
CONOIL PLC[MRF]	CONOIL	OIL AND GAS	Invalid date	June 30th 1970
CONSOLIDATED HALLMARK INSURANCE PLC	CHIPLC	FINANCIAL SERVICES	February 22nd 2008	August 2nd 1991
CONTINENTAL REINSURANCE PLC	CONTINSURE	FINANCIAL SERVICES	Invalid date	July 24th 1985
CORNERSTONE INSURANCE PLC[MRF]	CORNERST	FINANCIAL SERVICES	August 13th 1997	July 26th 1991
COURTEVILLE BUSINESS SOLUTIONS PLC	COURTVILLE	ICT	April 1st 2009	January 4th 2005
CUSTODIAN INVESTMENT PLC	CUSTODIAN	FINANCIAL SERVICES	June 12th 2007	August 22nd 1991
CUTIX PLC.	CUTIX	INDUSTRIAL GOODS	December 8th 1987	November 4th 1982
CWG PLC[BMF]	CWG	ICT	Invalid date	September 26th 1991
DAAR COMMUNICATIONS PLC[MRF]	DAARCOMM	SERVICES	Invalid date	August 18th 1988
DANGOTE CEMENT PLC	DANGCEM	INDUSTRIAL GOODS	Invalid date	February 17th 2010
DANGOTE FLOUR MILLS PLC	DANGFLOUR	CONSUMER GOODS	February 4th 2008	January 1st 2006
DANGOTE SUGAR REFINERY PLC	DANGSUGAR	CONSUMER GOODS	March 8th 2007	January 4th 2005
DEAP CAPITAL MANAGEMENT & TRUST PLC[DIP]	DEAPCAP	FINANCIAL SERVICES	December 17th 2007	June 5th 2002
DN TYRE & RUBBER PLC[DIP]	DUNLOP	CONSUMER GOODS	Invalid date	October 21st 1961
E-TRANZACT INTERNATIONAL PLC[BLS]	ETRANZACT	ICT	August 7th 2009	Invalid date
ECOBANK TRANSNATIONAL INCORPORATED	ETI	FINANCIAL SERVICES	September 11th 2006	October 3rd 1985
EKOCORP PLC.[BLS]	EKOCORP	HEALTHCARE	Invalid date	October 9th 1991
ELLAH LAKES PLC.	ELLAHLAKES	AGRICULTURE	January 14th 1993	July 2nd 1980
ETERNA PLC.	ETERNA	OIL AND GAS	Invalid date	January 13th 1989
EVANS MEDICAL PLC.[DIP]	EVANSMED	HEALTHCARE	July 23rd 1979	April 23rd 1954
FBN HOLDINGS PLC	FBNH	FINANCIAL SERVICES	November 26th 2012	August 13th 2012
FCMB GROUP PLC.	FCMB	FINANCIAL SERVICES	June 21st 2013	November 20th 2012
FIDELITY BANK PLC	FIDELITYBK	FINANCIAL SERVICES	May 17th 2005	November 19th 1987
FIDSON HEALTHCARE PLC	FIDSON	HEALTHCARE	April 6th 2008	March 13th 1995
FIRST ALUMINIUM NIGERIA PLC[MRF]	FIRSTALUM	INDUSTRIAL GOODS	May 11th 1992	August 20th 1960
FLOUR MILLS NIG. PLC.	FLOURMILL	CONSUMER GOODS	August 14th 1979	September 29th 1960
FORTE OIL PLC.	FO	OIL AND GAS	Invalid date	November 12th 1964
FORTIS MICROFINANCE BANK PLC[MRF]	FORTISMFB	FINANCIAL SERVICES	June 20th 2012	June 18th 2007
FTN COCOA PROCESSORS PLC[MRS]	FTNCOCOA	AGRICULTURE	Invalid date	August 26th 1991
GLAXO SMITHKLINE CONSUMER NIG. PLC.	GLAXOSMITH	HEALTHCARE	Invalid date	June 23rd 1971
GLOBAL SPECTRUM ENERGY SERVICES PLC[BLS]	GSPECPLC	SERVICES	November 27th 2017	March 14th 2006
GOLDEN GUINEA BREW. PLC.[RST]	GOLDBREW	CONSUMER GOODS	Invalid date	September 26th 1962
GOLDLINK INSURANCE PLC[MRS]	GOLDINSURE	FINANCIAL SERVICES	February 12th 2008	September 8th 1993
GREIF NIGERIA PLC	VANLEER	INDUSTRIAL GOODS	Invalid date	January 20th 1940
GUARANTY TRUST BANK PLC.	GUARANTY	FINANCIAL SERVICES	September 9th 1996	July 20th 1990
GUINEA INSURANCE PLC.[MRF]	GUINEAINS	FINANCIAL SERVICES	Invalid date	December 3rd 1958
GUINNESS NIG PLC	GUINNESS	CONSUMER GOODS	January 2nd 1965	April 29th 1950
HONEYWELL FLOUR MILL PLC	HONYFLOUR	CONSUMER GOODS	October 20th 2009	July 9th 1985
IKEJA HOTEL PLC	IKEJAHOTEL	SERVICES	Invalid date	Invalid date
INFINITY TRUST MORTGAGE BANK PLC[BLS]	INFINITY	FINANCIAL SERVICES	December 11th 2013	January 1st 1992
INTERLINKED TECHNOLOGIES PLC[BLS]	INTERLINK	SERVICES	November 13th 1993	November 17th 1981
INTERNATIONAL BREWERIES PLC.[MRF]	INTBREW	CONSUMER GOODS	Invalid date	December 22nd 1971
INTERNATIONAL ENERGY INSURANCE PLC[MRS]	INTENEGINS	FINANCIAL SERVICES	July 13th 2007	March 26th 1969
JAIZ BANK PLC	JAIZBANK	FINANCIAL SERVICES	January 9th 2017	April 1st 2003
JAPAUL OIL & MARITIME SERVICES PLC	JAPAULOIL	OIL AND GAS	Invalid date	Invalid date
JOHN HOLT PLC.	JOHNHOLT	CONGLOMERATES	May 17th 1974	August 28th 1961
JULI PLC.[MRF]	JULI	SERVICES	July 11th 1986	September 14th 1972
JULIUS BERGER NIG. PLC.	JBERGER	CONSTRUCTION/REAL ESTATE	September 20th 1991	February 18th 1970
LAFARGE AFRICA PLC.[MRF]	WAPCO	INDUSTRIAL GOODS	Invalid date	February 24th 1959
LASACO ASSURANCE PLC.[MRF]	LASACO	FINANCIAL SERVICES	Invalid date	December 20th 1979
LAW UNION AND ROCK INS. PLC.[MRF]	LAWUNION	FINANCIAL SERVICES	July 9th 1990	June 17th 1969
LEARN AFRICA PLC	LEARNAFRCA	SERVICES	Invalid date	October 8th 1961
LINKAGE ASSURANCE PLC	LINKASSURE	FINANCIAL SERVICES	November 18th 2003	March 26th 1991
LIVESTOCK FEEDS PLC.	LIVESTOCK	AGRICULTURE	April 1st 1978	March 20th 1963
MAY & BAKER NIGERIA PLC.	MAYBAKER	HEALTHCARE	November 10th 1994	April 9th 1944
MCNICHOLS PLC	MCNICHOLS	CONSUMER GOODS	December 18th 2009	April 26th 2004
MEDVIEW AIRLINE PLC[BLS]	MEDVIEWAIR	SERVICES	Invalid date	August 11th 2004
MEYER PLC.	MEYER	INDUSTRIAL GOODS	Invalid date	May 20th 1960
MORISON INDUSTRIES PLC.	MORISON	HEALTHCARE	Invalid date	June 29th 1955
MRS OIL NIGERIA PLC.	MRS	OIL AND GAS	Invalid date	August 12th 1969
MULTI-TREX INTEGRATED FOODS PLC[BMF]	MULTITREX	CONSUMER GOODS	November 1st 2010	October 30th 1999
MULTIVERSE MINING AND EXPLORATION PLC	MULTIVERSE	NATURAL RESOURCES	April 18th 2008	June 20th 2002
MUTUAL BENEFITS ASSURANCE PLC.[MRF]	MBENEFIT	FINANCIAL SERVICES	May 28th 2002	April 18th 1995
N NIG. FLOUR MILLS PLC.	NNFM	CONSUMER GOODS	Invalid date	October 29th 1971
NASCON ALLIED INDUSTRIES PLC	NASCON	CONSUMER GOODS	October 20th 1992	April 30th 1973
NCR (NIGERIA) PLC.	NCR	ICT	May 30th 1979	December 9th 1949
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC	NEIMETH	HEALTHCARE	September 21st 1979	August 30th 1957
NEM INSURANCE PLC	NEM	FINANCIAL SERVICES	September 5th 1990	April 2nd 1970
NESTLE NIGERIA PLC.	NESTLE	CONSUMER GOODS	April 20th 1979	September 25th 1969
NEWREST ASL NIGERIA PLC[DIP]	AIRSERVICE	SERVICES	July 25th 2007	June 12th 1996
NIGER INSURANCE PLC[MRF]	NIGERINS	FINANCIAL SERVICES	September 1st 1993	August 29th 1962
NIGERIA ENERYGY SECTOR FUND	NESF	FINANCIAL SERVICES	June 18th 1999	October 26th 1998
NIGERIA-GERMAN CHEMICALS PLC.[MRS]	NIG-GERMAN	HEALTHCARE	Invalid date	January 10th 1964
NIGERIAN AVIATION HANDLING COMPANY PLC	NAHCO	SERVICES	November 27th 2006	April 8th 2005
NIGERIAN BREW. PLC.	NB	CONSUMER GOODS	September 5th 1973	November 16th 1946
NIGERIAN ENAMELWARE PLC.	ENAMELWA	CONSUMER GOODS	December 28th 1979	May 21st 1960
NOTORE CHEMICAL IND PLC[BLS]	NOTORE	INDUSTRIAL GOODS	August 2nd 2018	November 30th 2005
NPF MICROFINANCE BANK PLC[MRF]	NPFMCRFBK	FINANCIAL SERVICES	December 1st 2010	May 19th 1993
OANDO PLC	OANDO	OIL AND GAS	February 24th 1992	August 25th 1969
OKOMU OIL PALM PLC.	OKOMUOIL	AGRICULTURE	March 11th 1991	December 3rd 1979
OMATEK VENTURES PLC[MRF]	OMATEK	ICT	June 18th 2008	July 6th 1998
OMOLUABI MORTGAGE BANK PLC[MRF]	OMOMORBNK	FINANCIAL SERVICES	November 4th 2014	March 9th 1999
P Z CUSSONS NIGERIA PLC.	PZ	CONSUMER GOODS	Invalid date	April 12th 1948
PHARMA-DEKO PLC.	PHARMDEKO	HEALTHCARE	Invalid date	April 18th 1969
PORTLAND PAINTS & PRODUCTS NIGERIA PLC[BLS]	PORTPAINT	INDUSTRIAL GOODS	July 9th 2009	September 3rd 1985
PREMIER PAINTS PLC.	PREMPAINTS	INDUSTRIAL GOODS	March 7th 1995	August 24th 1982
PRESCO PLC[MRF]	PRESCO	AGRICULTURE	October 10th 2002	September 24th 1991
PRESTIGE ASSURANCE PLC	PRESTIGE	FINANCIAL SERVICES	December 3rd 1990	January 6th 1970
R T BRISCOE PLC.[MRF]	RTBRISCOE	SERVICES	March 15th 1974	March 9th 1957
RAK UNITY PET. COMP. PLC.	RAKUNITY	OIL AND GAS	Invalid date	December 20th 1982
RED STAR EXPRESS PLC	REDSTAREX	SERVICES	November 14th 2007	July 10th 1992
REGENCY ASSURANCE PLC	REGALINS	FINANCIAL SERVICES	May 27th 2008	June 16th 1993
RESORT SAVINGS & LOANS PLC[MRF]	RESORTSAL	FINANCIAL SERVICES	Invalid date	June 17th 1992
ROADS NIG PLC.[MRF]	ROADS	CONSTRUCTION/REAL ESTATE	Invalid date	October 11th 1974
ROYAL EXCHANGE PLC.[MRF]	ROYALEX	FINANCIAL SERVICES	December 3rd 1990	February 28th 1921
S C O A NIG. PLC.	SCOA	CONGLOMERATES	Invalid date	June 24th 1969
SECURE ELECTRONIC TECHNOLOGY PLC	NSLTECH	SERVICES	December 14th 2007	January 3rd 2000
SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC	SEPLAT	OIL AND GAS	April 14th 2014	June 17th 2009
SKYE BANK PLC[MRF]	SKYEBANK	FINANCIAL SERVICES	Invalid date	December 8th 1989
SKYE SHELTER FUND PLC	SKYESHELT	CONSTRUCTION/REAL ESTATE	February 26th 2008	Invalid date
SKYE SHELTER FUND PLC	SKYESHELT	CONSTRUCTION/REAL ESTATE	Invalid date	Invalid date
SKYWAY AVIATION HANDLING COMPANY PLC[BLS]	SKYAVN	SERVICES	April 26th 2019	April 22nd 2009
SMART PRODUCTS NIGERIA PLC[MRF]	SMURFIT	CONSTRUCTION/REAL ESTATE	Invalid date	November 1st 1966
SOVEREIGN TRUST INSURANCE PLC	SOVRENINS	FINANCIAL SERVICES	November 29th 2006	February 26th 1980
STACO INSURANCE PLC[MRF]	STACO	FINANCIAL SERVICES	June 25th 2007	July 10th 1991
STANBIC IBTC HOLDINGS PLC	STANBIC	FINANCIAL SERVICES	November 23rd 2012	March 14th 2012
STANDARD ALLIANCE INSURANCE PLC.[MRF]	STDINSURE	FINANCIAL SERVICES	December 19th 2003	July 28th 1981
STERLING BANK PLC.	STERLNBANK	FINANCIAL SERVICES	August 17th 1993	November 25th 1960
STUDIO PRESS (NIG) PLC.	STUDPRESS	SERVICES	September 13th 1979	July 9th 1965
SUNU ASSURANCES NIGERIA PLC.	SUNUASSUR	FINANCIAL SERVICES	Invalid date	December 13th 1984
TANTALIZERS PLC	TANTALIZER	SERVICES	Invalid date	Invalid date
THE INITIATES PLC	INITSPLC	SERVICES	October 25th 2016	March 3rd 1995
THOMAS WYATT NIG. PLC.[RST]	THOMASWY	NATURAL RESOURCES	October 26th 1978	March 18th 1948
TOTAL NIGERIA PLC.	TOTAL	OIL AND GAS	Invalid date	January 6th 1956
TOURIST COMPANY OF NIGERIA PLC.[DIP]	TOURIST	SERVICES	Invalid date	October 4th 1964
TRANS-NATIONWIDE EXPRESS PLC.	TRANSEXPR	SERVICES	September 7th 1992	March 28th 1984
TRANSCORP HOTELS PLC[BLS]	TRANSCOHOT	SERVICES	January 15th 2015	July 12th 1994
TRANSNATIONAL CORPORATION OF NIGERIA PLC	TRANSCORP	CONGLOMERATES	Invalid date	November 16th 2004
TRIPPLE GEE AND COMPANY PLC.	TRIPPLEG	ICT	April 2nd 2013	April 14th 1980
U A C N PLC.	UACN	CONGLOMERATES	Invalid date	April 22nd 1931
UACN PROPERTY DEVELOPMENT COMPANY PLC[AWR]	UAC-PROP	CONSTRUCTION/REAL ESTATE	Invalid date	October 6th 1997
UNIC DIVERSIFIED HOLDINGS PLC.[MRF]	UNIC	FINANCIAL SERVICES	Invalid date	April 2nd 1965
UNILEVER NIGERIA PLC.	UNILEVER	CONSUMER GOODS	January 1st 1973	November 4th 1923
UNION BANK NIG.PLC.[BMF]	UBN	FINANCIAL SERVICES	Invalid date	Invalid date
UNION DIAGNOSTIC & CLINICAL SERVICES PLC	UNIONDAC	HEALTHCARE	September 11th 2008	March 16th 1999
UNION DICON SALT PLC.[BRS]	UNIONDICON	CONSUMER GOODS	September 23rd 1993	November 12th 1991
UNION HOMES REAL ESTATE INVESTMENT TRUST (REIT)	UHOMREIT	CONSTRUCTION/REAL ESTATE	February 5th 2008	Invalid date
UNION HOMES SAVINGS AND LOANS PLC.[MRS]	UNHOMES	FINANCIAL SERVICES	April 24th 2006	November 6th 1992
UNITED BANK FOR AFRICA PLC	UBA	FINANCIAL SERVICES	March 31st 1970	February 23rd 1961
UNITED CAPITAL PLC	UCAP	FINANCIAL SERVICES	November 1st 2013	March 14th 2002
UNITY BANK PLC	UNITYBNK	FINANCIAL SERVICES	December 22nd 2005	April 27th 1987
UNIVERSAL INSURANCE PLC[MRF]	UNIVINSURE	FINANCIAL SERVICES	February 11th 2008	March 1st 1961
UNIVERSITY PRESS PLC.	UPL	SERVICES	August 14th 1978	August 14th 1978
UPDC REAL ESTATE INVESTMENT TRUST	UPDCREIT	CONSTRUCTION/REAL ESTATE	February 26th 2008	March 27th 2013
VALUEALLIANCE VALUE FUND	VALUEFUND	FINANCIAL SERVICES	July 27th 2011	Invalid date
VERITAS KAPITAL ASSURANCE PLC[MRF]	VERITASKAP	FINANCIAL SERVICES	Invalid date	August 8th 1973
VITAFOAM NIG PLC.	VITAFOAM	CONSUMER GOODS	Invalid date	April 8th 1962
WAPIC INSURANCE PLC[MRF]	WAPIC	FINANCIAL SERVICES	Invalid date	March 14th 1958
WEMA BANK PLC.	WEMABANK	FINANCIAL SERVICES	February 13th 1991	May 2nd 1945
ZENITH BANK PLC	ZENITHBANK	FINANCIAL SERVICES	October 21st 2004	May 30th 1990

List of Nigerian Stock Exchange Delisted Companies

The following Corporates were delisted from the Daily Official List of the Exchange between 2002 and April 2019​.

S/N	COMPANY	DATE DELISTED	REASON FOR DELISTING
1	IMPRESIT BAKOLORI PLC​​	2002	Voluntary
2	DUMEZ NIGERIA PLC	2002	Regulatory: NSE
3	CFOA NIGERIA PLC	2007	Voluntary
4	ACEN INSURANCE PLC	2008	Regulatory: NAICOM
5	ATLAS NIGERIA PLC	2008	Regulatory: NSE
6	CERAMICS MANUFACTURING COMPANY PLC	2008	Regulatory: NSE
7	AMICABLE INSURANCE PLC	2008	Regulatory: NAICOM
8	BAICO INSURANCE PLC	2008	Regulatory: NAICOM
9	BEVERAGES (WA) NIGERIA PLC	2008	Regulatory: NSE
10	ENPEE PLC	2008	Voluntary
11	TATE INDUSTRIES PLC	2008	Regulatory: NSE
12	MAUREEN LAB. PLC	2008	Regulatory: NSE
13	RIETZCOT NIGERIA PLC	2008	Regulatory: NSE
14	INTRA MOTORS NIG. PLC	2008	Regulatory: NSE
15	AVIATION DEVELOPMENT COMPANY PLC	2008	Regulatory: NSE
16	GROMMAC INDUSTRIES PLC	2008	Regulatory: NSE
17	ONWUKA HI-TEK. PLC	2008	Regulatory: NSE
18	NIGERIAN LAMPS PLC	2008	Regulatory: NSE
19	NIGERIAN YEAST & ALCOHOL MANUFACTURING PLC	2008	Regulatory: NSE
20	SECURITY ASSURANCE PLC	2008	Regulatory: NAICOM
21	SUN INSURANCE PLC	2008	Regulatory: NAICOM
22	NIGERIAN TEXTILES MILLS PLC	2008	Voluntary
23	FOOTWEAR MANUFACTURING PLC	2009	Regulatory: NSE
24	FERDINAND OIL MILLS PLC	2009	Regulatory: NSE
25	CHRISTLIEB PLC	2009	Regulatory: NSE
26	BCN PLC	2009	Regulatory: NSE
27	LIZ-OLOFIN & COMPANY PLC	2009	Regulatory: NSE
28	OLUWA GLASS COMPANY PLC	2009	Regulatory: NSE
29	ASABA TEXTILE MILLS PLC	2009	Regulatory: NSE
30	ABOSELDEHYDE LABORATORIES PLC	2009	Regulatory: NSE
31	EPIC DYNAMIC PLC	2009	Regulatory: NSE
32	FAMAD PLC	2009	Regulatory: NSE
33	ABA TEXTILE MILLS PLC	2009	Regulatory: NSE
34	AFPRINT PLC	2010	Regulatory: NSE
35	INCAR PLC	2010	Voluntary
36	NIGERCEM PLC	2011	Regulatory: NSE
37	DAILY TIMES PLC	2011	Regulatory: NSE
38	ALBARKA AIRLINE PLC	2011	Regulatory: NSE
39	FOREMOST DAIRIES PLC	2011	Regulatory: NSE
40	WIGGINS TEAPE NIGERIA PLC	2011	Regulatory: NSE
41	OKITIPUPA OIL PALM PLC	2011	Regulatory: NSE
42	FIRST CAPITAL INVESTMENT & TRUST PLC	2011	Regulatory: NSE
43	FLEXIBLE PACKAGING PLC	2011	Regulatory: NSE
44	NEWPAK PLC	2011	Regulatory: NSE
45	KRABO NIGERIA PLC	2011	Regulatory: NSE
46	TROPICAL PETROLEUM PLC	2011	Regulatory: NSE
48	NAMPAK PLC	2011	Voluntary
49	UNITED NIGERIA TEXTILE PLC	2011	Voluntary
50	BANK PHB PLC	2011	Nationalised: CBN
51	AFRIBANK PLC	2011	Nationalised: CBN
52	SPRING BANK PLC	2011	Nationalised: CBN
53	INTERCONTINENTAL BANK PLC	2011	Merged with Access Bank Plc.
54	OCEANIC BANK PLC	2011	Merged with ETI
55	FINBANK PLC	2011	Merged with FCMB Plc
56	ECOBANK PLC	2011	Absorbed by ETI: Now Ecobank Nigeria Ltd
57	ABPLAST PLC	2012	Regulatory: NSE
58	UDEOFSIN GARMENT PLC	2012	Regulatory: NSE
59	HALLMARK PAPER PRODUCT PLC	2012	Regulatory: NSE
60	NIGERIAN BAG MANUFACTURING COMPANY PLC	11-Apr-2013	Merged with Flour Mills Plc
61	CRUSADER INSURANCE NIGERIA PLC	13-May-2013	Merged with Custodian & Allied Insurance Plc
62	WEST AFRICAN ALUMINIUM PLC	3-Jun-2013	Regulatory: NSE
63	NIGERIAN WIRE INDUSTRIES PLC	3-Jun-2013	Regulatory: NSE
64	BIG TREAT PLC	24-Nov-2014	Regulatory
65	AFROIL PLC	24-Nov-2014	Regulatory
66	STARCOMMS PLC	24-Nov-2014	Regulatory
67	PINNACLE POINT GROUP	24-Nov-2014	Regulatory
68	​POLY PRODUCTS PLC	12-Dec-2014	​Voluntary
69	OASIS INSURANCE PLC	31-Dec-2014	Acquired by FBN Life Insurance
70	CAPPA AND D’ALBERTO PLC	16-Jan-2015	​Voluntary
71	NIGERIAN SEWING MACHINE MANUFACTURING PLC	13-Jul-2015	Regulatory: NSE
72	STOCKVIS PLC	13-Jul-2015	Regulatory: NSE
73	NIGERIA WIRE & CABLE PLC	13-Jul-2015	Regulatory: NSE
74	IPWA PLC	18-May-2016	​Regulatory: NSE
75	G. CAPPA PLC	18-May-2016	​Regulatory: NSE
76	WEST AFRICAN GLASS INDUSTRIES PLC	18-May-2016	​Regulatory: NSE
77	INVESTMENT & ALLIED INSURANCE PLC	18-May-2016	​Regulatory: NSE
78	ALUMACO PLC	18-May-2016	​Regulatory: NSE
79	JOS INTERNATIONAL BREWERIES PLC	18-May-2016	​Regulatory: NSE
80	ADSWITCH PLC	18-May-2016	​Regulatory: NSE
81	ROKANNA PLC	18-May-2016	​Regulatory: NSE
82	VONO PRODUCTS NIGERIA PLC	23-May-2016	Merged with Vitafoam Plc
83	LENNARDS (NIGERIA) PLC	1-Dec-2016	Regulatory: NSE
84	P.S MANDRIDES & COMPANY PLC	1-Dec-2016	Regulatory: NSE
85	PREMIER BREWERIES PLC	1-Dec-2016	​Regulatory: NSE
86	COSTAIN (W.A) PLC	1-Dec-2016	​Regulatory: NSE
87	NAVITUS ENERGY PLC	1-Dec-2016	​Regulatory: NSE
88	NIGERIAN ROPES PLC	1-Dec-2016	​Regulatory: NSE
89	BECO PETROLEUM PRODUCTS PLC	2-May-2017	​Regulatory: NSE​
90	MTECH COMMUNICATIONS PLC	2-May-2017	​Regulatory: NSE
91	MTI PLC	2-May-2017	​Regulatory: NSE
92	UTC PLC	2-May-2017	Regulatory: NSE
93	ASHAKACEM PLC	4-Jul-2017	Merger with Lafarge Africa Plc
94	AVON CROWN CAPS AND CONTAINERS PLC	18-Sep-2017	Voluntary
95	SEVEN-UP BOTTLING COMPANY PLC	5-Mar-2018	Voluntary
96	AFRICAN PAINTS (NIGERIA) PLC	6-Apr-2018	​Regulatory: NSE
97	AFRIK PHARMACEUTICALS PLC	6-Apr-2018	Regulatory: NSE
98	PAINTS AND COATINGS MANUFACTURERS NIGERIA PLC	17-Aug-2018	​Voluntary ​
99	GREAT NIGERIA INSURANCE PLC	25-Jan-2019	Voluntary
100	DIAMOND BANK PLC	1-Apr-2019	Merged with Access Bank Plc

What you need to know about FGN ​​SAVINGS BOND​​​

The Debt Management Office (DMO) of Nigeria, on behalf of the Federal Government of Nigeria, has launched a new retail investment programme – the “Federal Government of Nigeria (FGN) Savings Bond” – to help enhance the savings culture among Nigerians while providing all citizens irrespective of income level, an opportunity to contribute to National Development; as well as the comparatively​ favourable returns available in the capital market. FGN Savings Bond is safe and backed by the full faith and credit of the Federal Government of Nigeria, with quarterly coupon payments to bondholders.   Features Minimum subscription of N5,000 with additions in multiple of N1,000; subject to a maximum of N50 million. Fixed coupon will be paid quarterly to investors. Bond tenors will range from 2 – 3 years tenor. It will be issued on a Monthly Basis through an Offer for Subscription. Monthly offer will be open for 5 days from the date of announcement.
​Benefits The coupon/interest income from the Savings Bond are tax-free. The bondholder enjoys coupon/interest on a quarterly basis which is paid directly to his/her bank account It makes it possible for individuals to plan and save towards personal projects. FGN Savings Bonds are liquid as Secondary Market trading will be on the trading platform of the Nigerian Stock Exchange (NSE) The FGN Savings Bond is acceptable as collateral for loans. It offers guaranteed returns, and encourages financial inclusion.  How To Invest Investors  are to  subscribe through Dealing Members of the NSE accredited by the DMO to act as Distribution Agents. ​
Frequently Asked Questions​Fact Sheet​​​November 2017 FGN Savings Bond Offer for Subscription
FGN Savings Bond: Features, Trading and Opportunities​​Public Notice on the FGN Savings Bond​
List of Stockbroking Firms accredited by the DMO to Market and Distribute FGN Savings Bond

How to become a member of the Nigerian Stock Exchange

Trading in securities listed on The Nigerian Stock Exchange (“The Exchange”) is executed through Dealing Members of The Exchange. To be eligible for membership, Broker-Dealers must meet specific requirements set by The Exchange. These requirements are stated in the Rules for Registration as a Dealing Member of The Nigerian Stock Exchange.
Upon approval of a prospective Dealing Member’s application, and fulfillment of the requirements for commencement of operations as a Dealing Member (including but not limited to the requirements of the Minimum Operating Standards​, a Dealing Membership License will be granted to the firm. 
As a provision of membership, each Dealing Member is charged an annual fee which covers (a) maintenance of trading terminals (b) rented “space” on the trading floor, (c) Dealing Membership fee and (d) Authorized Clerkship subscription per Authorized Dealing Clerk.
Authorized Dealing Clerks (Stockbrokers)Dealing Members require the services of Authorized Dealing Clerks to access The Exchange’s trading terminals. These stockbrokers act on behalf of Dealing Members to access the market and assist investors in buying, selling or dealing in securities. The stockbrokers can only execute trades on The Exchange using the unique identification code assigned to them.
To be eligible for admission as an Authorized Dealing Clerk, the individual must:

• have the relevant qualifications and have undergone training recognized and prescribed by The Exchange;
  
• be registered with The Exchange;
  
• not be less than twenty-one (21) years old;
  
• be of good character and integrity;
  
• agree to comply with such other requirements for membership as Council may prescribe from time to time;
  
• be recommended by a Dealing Member who will be liable for all transactions made on its behalf on The Exchange by the Authorized Clerk; 
  
• be registered as a market operator under the Investment and Securities Act, 2007.

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