Member fees for traders and broker dealers of the Nigerian Stock Exchange
May 1, 2019 by admin
Filed under Nigeria Stock Exchange
The Nigerian Stock Exchange (NSE) offers its Dealing Members an efficient, transparent and well regulated marketplace for the execution of trades in securities listed on The NSE. It provides an opportunity for the Dealing Members to connect their clients to exciting investment options in the Capital Market.
Product/Transaction Type | Basis of Computation | Charge (Naira) |
Dealing Membership Fee | Annual | 40,000 |
Designated Adviser Application Fee | One off | 50,000 |
Designated Adviser Accreditation Fee | Biennial | 150,000 |
Dealing License Transfer Fee | 6% of purchase consideration | |
Rent of Trading Floor | Annual | 35,000 |
Authorized Clerkship | Annual | 20,000 |
ATS Training Fee | Annual | 55,000 |
ATS Maintenance Fee | Annual | 200,000 |
Stock Market Report | Monthly subscription | 15,000 |
Trainee Clerkship Induction | Event | 35,000 |
Continuous Professional Development | Event | 30,000 |
Brokers Uniforms | Unit | 1,500 |
Brokers Badge | Unit | 2,000 |
Nominal Transfer Fee | 0.3% of value | |
Transaction Fees | Bond | N1 per million on the underlying trades ( both buy and Sell sides) |
Exchange Traded Fund | 0.3% of consideration on the SELL side | |
Equity | 0.3% of consideration on the SELL side | |
Training Fee | Depending on the Module | |
Investigation Panel Fee | Per Appearance | 100,000 |