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

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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 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.

Read Also:  NSE, Nasdaq unveil new surveillance technology to monitor market operations

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.

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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 with a reliable, efficient, and an adaptable exchange hub in Africa, to save and to access capital.

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