The Nigerian Stock Exchange, NSE, is the country’s prime monetary institution that uplifts its economy. Formerly called Lagos Stock Exchange and established in 1961, it has at least 160 traded stocks in 2020. The Nigerian Stock Exchange leads Africa’s security exchange and is about promoting growth on the continent.
NSE is regulated by the Securities and Exchange Commission (SEC) and licensed under the Investments and Securities Act (ISA).
Other associates of the NSE include African Securities Exchanges Association (ASEA) where it is an executive committee member. It is also an affiliate of the World Federation of Exchanges (WFE).
What makes up the Nigerian Stock Exchange
- Market Capitalization is at ₦30 trillion
- 166 Equities
- 154 Bonds
- 9 Exchange Traded Funds (ETFs)
- 53 Memorandum listings
The NSE operates an Automated Trading System (ATS). This is a system that allows dealers to trade through a network of computers connected to a server. The NSE is open to foreign brokers and investors.
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