NSE revises trading fee charges to N5 per million on debt instruments

Aims to enhance its fixed income securities market SEC approves new fee structure Becomes effective October 5, 2020

THE NIGERI AN STOCK EX CHANGE (NSE) has revised its trading fee for debt instruments on the NSE Fixed Income market to 0.0005 per cent or N5 per million traded (buy or sell) on its platform. This decision, according to the Exchange will become effective on Monday 5th of October 2020 and it comes after it received regulatory approval from Securities and Exchange Commission to revise its fee structure.

In a statement on its website and titled “NSE Enhances its Fixed Income Securities Market Segment and Revises its Trading Fee”, the exchange revealed that in line with its ambition to support Nigeria’s economic growth by providing a liquid, efficient, and multi-asset securities exchange hub, it is enhancing its fixed-income securities segment of the market as well as the associated benefits to trading 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 statement read.

exchange further revealed that investors who trade through its platform can also benefit from the access to severally listed instruments which retail savings bonds or FG, State government, corporates, and supranational bonds.

“By leveraging best-inclass market design and infrastructure, the NSE trading venue provides investors with 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 disclosed.