listing rules - The Nigerian Stock Exchange

Stamp Duty 0.075% 0.075%
OTHER Brokerage Commission 0.75-1.35% + VAT 0.75-1.35% + VAT
.
NOTES
* Annual listing fees for equities are graduated based on market capitalization to a maximum of
N4.2mn (Four Million Two Hundred Thousand Naira Only) or its equivalent for the main board
only.
* Other securities in respect of which listing is maintained inclusive of nominal transfers Max of
2.75% of consideration or its market capitalization whichever is higher
* Every transaction in respect of which commission is chargeable by members shall be reported
to The Exchange as may from time to time be prescribed by The Exchange
* There is no capital gains tax requirement on capital market transactions while withholding tax is
minimal at 10% only.
TABLE I – MARKET CAPITALISATION/ NOMINAL VALUE FEES GRADUATION METRICS
S/N START (NGN) END (NGN) FEE (NGN)
1 BELOW 50,000,000 189,000
2 50,000,001 60,000,000 204,120
3 60,000,001 70,000,000 230,580
4 70,000,001 80,000,000 275,940
5 80,000,001 90,000,000 321,300
6 90,000,001 100,000,000 347,760
7 100,000,001 120,000,000 434,700
8 120,000,001 140,000,000 468,720
9 140,000,001 160,000,000 487,620
10 160,000,001 180,000,000 510,300
11 180,000,001 200,000,000 529,200
12 200,000,001 220,000,000 570,780
13 200,000,001 240,000,000 593,460
14 240,000,001 260,000,000 616,140
15 260,000,001 280,000,000 638,820
16 280,000,001 300,000,000 657,720
17 300,000,001 320,000,000 703,080
18 320,000,001 340,000,000 725,760
19 340,000,001 360,000,000 748,440
12