Nigerian stock market listings

Nigerian stock market listings

By: boususessyNok Date of post: 16.07.2017

The Nigerian Stock Exchange NSE was established in as the Lagos Stock Exchange. In , its name was changed from the Lagos Stock Exchange to the Nigerian Stock Exchange.

As at March 7, , it has listed companies with a total market capitalization of about N8.

All listings are included in the Nigerian Stock Exchange All Shares index. In terms of market capitalization, the Nigerian Stock Exchange is the third largest stock exchange in Africa.

The Nigerian Stock Exchange was founded in as the Lagos Stock Exchange, [1] on September 15, , the stock exchange council was inaugurated.

Operations began officially on August 25, with 19 securities listed for trading but informal operations had commenced earlier in June, Operations were initially conducted inside the Central Bank building with the exchange having four firms as market dealers: Inlaks, John Holt , C. Bowring and ICON Investment Company of Nigeria]]. The NSE is regulated by the Securities and Exchange Commission , which has the mandate of Surveillance over the exchange to forestall breaches of market rules and to deter and detect unfair manipulations and trading practices.

Data on listed companies' performances are published daily, weekly, monthly, quarterly and annually.

The Nigerian Stock Exchange has been operating an Automated Trading System ATS since April 27, , with dealers trading through a network of computers connected to a server. The ATS has facility for remote trading and surveillance. Consequently, many of the dealing members trade online from their offices in Lagos and from all the thirteen branches across the country. The Exchange is in the process of establishing more branches for online real time trading.

Trading on The Exchange starts at 9. In order to encourage foreign investment into Nigeria, the government has abolished legislation preventing the flow of foreign capital into the country.

List of Stock Exchanges

This has allowed foreign brokers to enlist as dealers on the Nigerian Stock Exchange, and investors of any nationality are free to invest. Nigerian companies are also allowed multiple and cross border listings on foreign markets. The Nigerian Capital Market was deregulated in Consequently, prices of new issues are determined by issuing houses and stockbrokers, while on the secondary market prices are made by stockbrokers only.

The NSE is regulated by the Securities and Exchange Commission, which has the mandate of Surveillance over the exchange to forestall breaches of market rules and to deter and detect unfair manipulations and trading practices.

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Only common stocks ordinary shares are included in the computation of the index. The index is value-weighted and is computed daily.

The highest value of 66, Also, The Exchange has introduced the NSE Index, which is a sample-based capitalization-weighted index plus four sectorial indices. Similarly, five sectoral indices have been introduced to complement existing indices. The Nigerian Exchange is a member of the World Federation of Exchanges FIBV.

It is also an observer at meetings of International Organization of Securities Commissions IOSCO , and a foundation member of the African Stock Exchanges Association ASEA. On 31 October , it joined the United Nation's Sustainable Stock Exchanges SSE initiative. From Wikipedia, the free encyclopedia. The Nigerian Stock Exchange Formation Purpose Listing and trading of securities Headquarters Lagos , Lagos State , Nigeria Official language.

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nigerian stock market listings

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nigerian stock market listings

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