NSE Regulation
The Nigerian Stock Exchange (NSE) operates a fair, orderly and transparent market that brings together the best of African enterprises and investors from around the global. To invest in our market, investors can acquire securities directly from the primary market when there are new offerings by issuers or by trading in existing listed securities via our secondary market platform.
To purchase securities in the primary or secondary market, an investor must appoint a securities dealer/stockbroker who is a registered Dealing Member of NSE to facilitate account opening and trading. Central Securities Clearing System Plc. (CSCS) is the licensed Central Depository, Clearing and Settlement of transactions in the Nigerian capital market. To open trading accounts, investors will need to submit to their dealers, documents that meet the regulatory Know-Your-Client (KYC) requirements (Contact your dealer/stockbroker for guidance).
Investors (domestic and foreign) who wish to trade on NSE can opt to hold assets domiciled with CSCS directly under their appointed dealer or through a licensed domestic custodian as appointed by them (Please direct and indirect account structures below ).
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In selecting a suitable broker to represent your interests as an investor, you should confirm the broker’s status with both The NSE and SEC. The NSE also recommends investors meet with the broker-dealer firm to determine whether the services they offer match their specific needs. Stockbrokers and custodians have a fiduciary responsibility to their clients which implies management and safekeeping.