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NSE Enhances its Fixed Income Securities Market Segment and Revises its Trading Fee

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Nigerian Stock Exchange

In line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub, the Nigerian Stock Exchange (“NSE” or “The Exchange”) is pleased to announce, enhancements to its Fixed Income Securities market segment as well as the associated benefits to trade execution via its platform.

As part of its liquidity-enhancing efforts, the Exchange introduced a trading fee moratorium as communicated via a press release dated 11 August 2016 to stimulate activities and liquidity in the fixed income market. Following the end of the 4-year Fixed Income Securities Trading Fee moratorium, the Exchange has now received the regulatory approval of the Securities and Exchange Commission 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% (N5 per million) on debt instruments traded on its platform.

The table below is the revised fee schedule for trading debt instruments on the NSE Fixed Income market.
Fees​ Fee from 5 October 2020
Trading Fees 0.0005% (buy and sell)

The NSE offers a hybrid market for the execution of quote and order-driven transactions providing dealers as well as institutional and retail investors access to increased liquidity in Fixed Income Securities. By leveraging best-in-class market design and infrastructure, the NSE trading venue provides investors an integrated straight-through trading and post-trade process that supports efficient execution without any trade failures across all asset classes including Fixed Income Securities. Investors trading via the NSE platform can also enjoy access to diverse listed debt instruments including Federal Government, State Government, Corporates, Supranational, and Retail Savings Bonds.

The Exchange continues to conduct various training, workshops, and conferences on Fixed Income Securities products to build domestic capacity and enhance financial literacy while encouraging inclusiveness. We remain committed to our corporate goal of providing investors and businesses a reliable, efficient, and an adaptable exchange hub in Africa, to save and to access capital.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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#EndSARS Amid Curfews Plunge Stock Market by N113bn on Wednesday

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#EndSARS Plunges The Nigerian Stock Exchaneg by N113bn

The Nigerian Stock Exchange erased N113 billion in market value as the uncertainty surrounding #EndSARS agitation and government clamp down that reportedly claimed the lives of peaceful protesters at the Lekki Toll Gate weighed on investors sentiment.

Investors traded 326.58 million shares in 4,367 transactions during the trading hours of the day.

The Exchange closed in the red as 34 stocks led by Royal Exchange closed the trading session in the red.

The All-Share Index depreciated by 216.333 basis points or 0.75 percent from 28,665.82 bps recorded on Tuesday to settle at 28,449.49 bps on Wednesday while the market capitalisation of listed stocks dipped by N113 billion to N14.87 trillion, down from N14.98 trillion it closed on Tuesday.

Economic uncertainty ahead of likely third quarter recession continued to hurt the Nigerian Stock Exchange, especially with the ongoing social unrest that has grounded business activities in the commercial capital of the nation, Lagos State.

The executive governor of the state, Babajide Sanwo-Olu, had imposed a 24-hour curfew on all part of the state to curb the activities of criminals using peaceful protest to loot and destroy properties in the state.

However, the increased in unrest is expected to negatively impact on the nation’s foreign direct investment and COVID-19 recovery.

Further breakdown of Wednesday’s trading activities revealed that Wapic Insurance Plc led the gainers’ chart with a gain of 10 percent to settle at 44 kobo a unit share while Portland Paints Plc recorded 2.50 per cent gain to close at N2.05 as share.

UAC Property Plc came third with 1.23 percent to close at 82 kobo per share.

On the other hand, Royal Exchange Plc led losers’ table with 8 percent decline to close the day at 23 kobo as share while Neimeth Pharmaceuticals Plc followed with 757 percent to settle at N1.71 per share.

Union Dicon Plc came third at 7.41 per cent to close at 25 kobo per share.

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NSE Refutes Anonymous/Hacker Claims, Says It Website Not Hacked

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Nigerian Stock Exchange Says Not Hacked by Anonymous/Hacker

The Nigerian Stock Exchange (NSE) has refuted the claim by a certain anonymous group that it has hacked the company’s website and illegally accessed the NSE database.

In a statement signed by the bourse management and released by the Exchange, it said “we have noted claims from unknown/anonymous groups that they have illegally accessed the website of the NSE. Please be aware that such claims are completely without foundation.

“There has been no breach of the NSE’s website, which continues to operate normally, maintained by the high levels of cyber-security which we have in place.”

It added that “should you have any further questions or receive any enquiries in this regard, please refer same to contactcentre@nse.com.ng.”

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Global Markets Rise on Stimulus Hopes – but Avoid ‘Buy Everything’ Mindset

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Global stock markets have been cheered on hopes of fresh fiscal stimulus in the U.S. imminently – but investors must avoid the ‘buy everything’ mindset, warns the CEO of one of the world’s largest independent financial advisory and fintech organisations.

The comments from Nigel Green, chief executive and founder of deVere Group, follows House Democrat leader Nancy Pelosi saying over the weekend that she was “optimistic” regarding a stimulus deal before the presidential election on 3 November.

In Asia, Hong Kong’s Hang Seng gained 0.5% and Japan’s Nikkei climbed 1.1%, South Korea’s Kospi advanced 0.22%, Australia rose on the day, with the S&P/ASX 200 up 0.85%.

Meanwhile, London’s FTSE rose 0.6%, Germany’s Dax rose 0.9% and the Europe-wide Stoxx 600 climbed 0.8%.

U.S. futures also pointed higher.

Mr Green notes: “The possibility of a fresh fiscal stimulus shot in the U.S. – the world’s largest economy – is acting as a catalyst in driving global stocks higher.

“Investors are moving now to buy stocks to bolster their portfolios ahead of the announcements in the coming days when prices will jump even higher – so they’re taking advantage of what they see as the current lower entry points.”

He continues: “Once again, we’re seeing that few things can fuel markets like a stimulus injection – or even the possibility of one.

“Clearly, investors are not wanting to miss the boat, but they must also avoid the ‘buy everything’ mindset for two reasons.

“First, the markets are now assuming that the new stimulus is a done deal – it is not. If negotiations collapse, the market correction could be significant.

“Second, not all shares are created equal and stock markets are heavily unbalanced at the moment. A handful of firms in a handful of sectors are bringing up entire indexes.

“An experienced fund manager will help investors seek those most likely to generate and build their wealth over the long-term.”

The deVere CEO concludes: “Investing over the long-term on stock markets remains, as ever, one of the best and proven ways to accumulate wealth.

“However, investors must remember not to be complacent when an upbeat mood takes over the markets.”

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