05 Oct Nigerian Stock Exchange revises fee structure
The Nigerian Stock Exchange (NSE), at the weekend, announced that it has received the approval of the Securities & Exchange Commission (SEC) to charge a trading fee of 0.005 per cent or N5 per million with effect from today.
The Exchange in a statement noted that the revised trading fee was in line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub.
“Following the end of the 4-year Fixed Income Securities Trading Fee moratorium, the exchange has now received the regulatory approval of the SEC to revise its fee structure. The revised fees will become effective on 5 October 2020. Under this revised fee structure, The Exchange will charge 0.0005 per cent (N5 per million) on debt instruments traded on its platform.”