Fixed Income

NSE To Earn N5/mil On Debt Instruments From Monday

After almost of 50 months of zero-fee income on debt instruments traded via its platform, the Nigerian Stock Exchange (NSE), on Friday said it has received the approval of the Securities & Exchange Commission to charge a fee of 0.005% or N5 per million with effect from Monday, October 5, 2020.

A statement by the exchange recalled that the trading fee moratorium communicated via a press release dated August 11, 2016, was part of its liquidity-enhancing efforts,  and in line with a desire to support national economic growth, while promoting efficient, and multi-asset securities exchange hub.

With the four-year moratorium on Fixed Income Securities Trading Fee moratorium over, and regulatory approval received, trading fees of 0.0005% will be charged (buy and sell).

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