Guidelines for Approving the Appointment of Managing Director/Chief Executive Officers and Directors of Dealing Member Firms
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To ensure compliance with all the requirements and obligations of the Alternative Securities Market (ASeM) Board, a Designated Adviser (“DA”) is required for all companies listed on the the Exchange. The Guidelines state the functions, qualifications, application process, rules and obligation governing a Designated Adviser ("DA"). Read more
The Rule amends the existing Rule on annual subscription fee of each dealing member, supervision and internal control, use of Trading System Access Codes, Confirmation of Orders and Mandates, Notification of Trade in Securities Amounting to 5% of an Issuer’s Total Listed Securities or More, Prohibition of Market Manipulation and… Read more
The Rule amends the existing rule on net Liquid Capital Requirement; Article 15 on Rules and Regulations Governing Dealing Members; Monthly Financial Statements of Accounts to Clients; Proprietary Interest of The Exchange over Dealing Membership Licenses; Anti Money Laundering; and a new Article on Clients’ Complaints Management etc. Read more
This Rule sets out the Exchange’s requirements relating to Depositary Receipts (DRs). The aim of this Rule is to set out the general eligibility, disclosure and continuing obligations requirements that apply to DRs and then set out in subsequent parts specific provisions in relation to sponsored and unsponsored DR issues. Read more
By this Circular, Dealing Members are advised to refer to Article 93 of the Rules and Regulations Governing Dealing Member Firms which states that “a Dealing Member shall obtain confirmed orders from its clients before placement of an order on the system and shall keep records of same upon completion or… Read more
By this Circular, Dealing Members are reminded that further to Article 104A of the Rules and Regulations Governing Dealing Members (Amendments and Additions part1), they are forbidden from engaging in transactions the primary purpose of which is to unduly or improperly influence the market price of securities. Read more
As part of The Exchange’s efforts to facilitate the growth of the capital market in an atmosphere of compliance with all applicable rules and regulations as well as in accordance with the best practices, Dealing Members Firms are reminded of the record retention requirements of The Exchange as provided in… Read more
The circular was issued as a warning for any Dealing Member Firms that operate without a Compliance officer contrary to Article 15(a) and (c) of the Rules and Regulations Governing Dealing Member and shall be fined with a minimum penalty of N500,000 Read more
The purpose of this Circular is to provide market participants with a short brief guide on acceptable conduct in relation to Short Selling, Market Making and Securities Lending. Read more
Pursuant to the circular on Operational Guide for Market Making, Securities Lending and Short Selling, this is to remind all Dealing Member Firms that naked short selling is strictly prohibited. Read more
Following the introduction of Securities Lending, please be informed that Dealing Member firms may only participate in the programme via approved Securities Lending Agents (SLAs) registered by the Securities and Exchange Commission (SEC). During the roll out period, only securities owned by Qualified Institutional Investors (QIIs) may… Read more
“The fundamental solution to this Ponzi scheme has to do with our own attitude as people.… Read more
Medview Airline will be listed on the Nigeria Stock Exchange on the 31st of January, 2017. Medview’s Executive Director, Business Development, Mr Isiaq Na-Allah,said the listing would enable the airline to expand its route network and acquire more aircraft to boost its operations.
Harping on the advantages, Na-Allah said… Read more
JAIZ Bank Plc, yesterday, joined the league of quoted companies as the Nigerian Stock Exchange, NSE, admitted its 29,464, 249,300 ordinary shares at N1.25 per share, valued at N36.8 billion on its Daily Official List.
The bank has also projected to pay its first dividend after its listing… Read more
Nigerian Stock Exchange is expected to join league of strongest world capital market by 2025, sequel to the enactment of the demutualisation of the Nigerian Stock Exchange (NSE).
Some of the industry players including Chartered… Read more