Trading Institution Fees

For Trading institutions, there is a one-time application fee of ₦300,000 and ₦200,000 as well as an annual membership fee of ₦35,000 and ₦50,000 for Broker/Dealers and Brokers, respectively.

For full details of fees applicable to Trading Institutions and other Participating Institutions, please refer to the NASD OTC Securities Exchange Fees.

 

S/N DESCRIPTION AMOUNT (₦)
1 Registration Fee for Broker/Dealer 300,000
2 Annual Fee for Broker/Dealer 35,000
3 Registration Fee for Accredited Issuing House 200,000
4 Registration Fee for Authorised Traders 50,000
5 Annual Fee for Authorised Traders 20,000
6 Registration Fee for Broker 200,000
7 Annual Trading Platform Maintenance Fee 75,000
8 Registration Fee for Custodian 50,000
9 Registration Fee for Pension Custodian 50,000

 

NASD PLC SCHEDULE OF TRANSACTION FEES

NASD SEC CSCS BROKERAGE TOTAL
PURCHASES, 0.25% 0.20% 0.0% 1.350% 1.800%
SALES 0.25% - 0.20% 1.350% 1.800%
TOTAL 0.50% 0.20% 0.20% 2.70% 3.600%
Note:Brokerage fee is capped at 1.35% of consideration subject to a minimum charge of N500

 

OTC Debt Investment Transaction Charges for NASD Exchange

Security

NASD

CSCS

Brokers

Parties to be Charged

State & Corporate Bonds

₦10.00 per million of face value

₦10.00 per million of face value

Nil

Seller & Buyer

State & Corporate Bonds

₦6.00 per million of face value

₦7.00 per million of face value

₦2.00 per million of face value

Seller & Buyer

 

If trades come from the custodians directly to NASD we charge ₦10/mill for both NASD and CSCS but if the trades come in through a broker, then we charge ₦6/mill for NASD, ₦7/mill for CSCS and ₦2/mill for brokers.

Quick Links

Become a Trading Institution Trading Institution Fees Approved Trading Institutions Trading Institution Performance Market Circulars Rules and Regulations Clearing and Settlement Market Reports Form Downloads

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