Equity Fees
| NASD | SEC | CSCS | BROKERAGE | TOTAL | |
| PURCHASE | 0.25% | 0.20% | – | 1.350% | |
| VAT | 7.5% | – | – | 7.5% | |
| TOTAL(%) | 0.26875 | 0.20% | – | 1.45125 | 1.92 |
| NASD | SEC | CSCS | BROKERAGE | TOTAL | |
| SELL | 0.25% | – | 0.20% | 1.350% | |
| VAT | 7.5% | – | 7.5% | 7.5% | |
| TOTAL(%) | 0.26875 | – | 0.215 | 1.45125 | 1.935 |
Note: Brokerage fee is capped at 1.35% of consideration subject to a minimum charge of N500.
NASD Alert Fee: N10.
All regulatory statutory charges are applicable (vat, stamp duties )
Bond Fees
| SECURITY | NASD | CSCS | BROKERS | PARTIES TO BE CHARGED |
| State & Corporate Bonds | Nil | Seller & Buyer | ||
| State & Corporate Bonds | Seller & Buyer |
Notes:
- Trades initiated by Custodians attracts a charge of N10/mill for both NASD and CSCS.
- Trades initiated by a Participating Institution, attracts a charge of N6/mill for NASD, N7/mill for CSCS and N2/mill for Participating Institution.
Registration Fees
| NASD PLC SCHEDULE OF PARTICIPANTS FEES | ||
| 1 | Registration Fee for Broker-Dealer | 300,000 |
| 2 | Annual Fee for Broker Dealer | 50,000 |
| 3 | Registration Fee for Authorized Trader – Broker Dealer | 70,000 |
| 4 | Annual Fee for Authorized Trader – Broker Dealer | 20,000 |
| 5 | Annual Trading Platform Maintenance Fee: Broker Dealer | 90,000 |
| 6 | Trade Guarantee Fund: Broker Dealer (One-Off) | 100,000 |
| 7 | Registration Fee for Broker | 200,000 |
| 8 | Annual Fee for Broker | 35,000 |
| 9 | Registration Fee for Authorized Trader – Broker | 70,000 |
| 10 | Annual Fee for Authorized Trader – Broker | 20,000 |
| 11 | Annual Trading Platform Maintenance Fee: Broker | 90,000 |
| 12 | Trade Guarantee Fund: Broker (One-Off) | 100,000 |
| 13 | Registration Fee for Dealer | 50,000 |
| 14 | Annual Fee for Dealer | 20,000 |
| 15 | Registration Fee for Authorized Trader – Dealer | 70,000 |
| 16 | Annual Fee for Authorized Trader – Dealer | 20,000 |
| 17 | Annual Trading Platform Maintenance Fee: Dealer | 90,000 |
| 18 | Trade Guarantee Fund: Dealer (One-Off) | 100,000 |
| 19 | Registration Fee for Sub-Broker | 50,000 |
| 20 | Annual Fee for Sub-Broker | 20,000 |
| 21 | Registration Fee for Authorized Trader – Sub-Broker | 70,000 |
| 22 | Annual Fee for Authorized Trader – Sub-Broker | 20,000 |
| 23 | Annual Trading Platform Maintenance Fee: Sub-Broker | 90,000 |
| 24 | Trade Guarantee Fund: Sub-Broker (One-Off) | 100,000 |
| 25 | Registration Fee for Accredited Issuing House | 200,000 |
| 26 | Annual Fee for Accredited Issuing House | 50,000 |
| 27 | Registration Fee for Custodian | 100,000 |
| 28 | Annual Fee for Settlement Bank | 500,000 |
Administrative Fees
| S/N | ITEM | FEE (₦) |
| 1 | Administrative fee for trading Rights of admitted securities | 0.1% of gross proceed of the issue and 100,000 |
| 2 | Re-issuance of Trading License | 20,000 |
| 3 | Re-issuance of Certificate of Completion | 10,000 |
