Nigerian Stock Exchange offers free listing to major companies

The Nigerian Stock Exchange (NSE – www.nigerianstockexchange.com but it still does not work well on my computer) is keeping open its offer, made earlier this year, to waive listing fees for downstream oil majors, major telecommunications companies and major government organizations, according to a local newspaper. The offer, meant to encourage them to list their shares for trading on the NSE, was made by Director-General of the NSE, Prof. Ndi Okereke-Onyiuke.
Mr. Sola Oni, Head of Corporate Affairs at the NSE, recently was reported in the Daily Sun newspaper (www.sunnewsonline.com) as confirming the promise to grant free listing to Shell, Chevron and other oil majors if they decide to list on the bourse. The aim is to give investors an opportunity to co-own the companies.
He reportedly said that listing these companies with high market capitalisation would help to widen and broaden the stock exchange. “NSE will always do anything that would help to not only develop the market but result in increased investors’ return on investment”, he is quoted as saying.
The paper says that so far, only petroleum marketing companies and one telecommunications firm are listed for trading. Oil-producing majors have not shown interest. It quotes Prof. Ndi Okereke-Onyiuke as saying that experts have been brought to prepare the ground for the listing of these organisations, but they still feel reluctant to get quoted on the NSE: “We are ready to list the companies free without charging… Getting them listed will bring many benefits to them”.

4 Responses to “Nigerian Stock Exchange offers free listing to major companies”


  1. akin

    i love to trade nigeria stocks and i dont see any reason why every nigerian should not invest in this market . The best in africa. You too can start investing online even with your phone and subscribe to nigeria stock alert

  2. Tom Minney

    Hi Akin
    I think lots of people, including internationally share your enthusiasm for the Nigerian market. I would advise all would-be stock investors to get expert advice from a registered stockbroker or a good accountant. Thanks for your interest and I wish you well.

  3. akin

    as regards stock broker, i may not recommend anyone but you can make a google search as there is an online broker with less opening capital to begin trading but to help make better trade , you can subscribe to prostockalert stock pick

  4. Tom Minney

    Akin, this site does not endorse any particular stockbroker or firm, but advises readers to make their choices carefully. However, we would definitely advise readers interested in a market whether their own or another African market to pick their professional intermediary with care, ensure they are one of the licenced and regulated firms and to be aware of safeguards and right as retail or institutional investors.