EQUITY 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
BONDS FEES
SECURITY NASD CSCS BROKERS PARTIES TO BE CHARGED
State & Corporate Bonds N10.00 per million of face value N10.00 per million of face value Nil Seller & Buyer
State & Corporate Bonds N6.00 per million of face value N7.00 per million of face value N2.00 per million of face value Seller & Buyer
 

Notes:  If trades come from the custodians directly to NASD we charge N10/mill for both NASD and CSCS but if the trades come in through a broker, then we charge N6/mill for NASD, N7/mill for CSCS and N2/mill for brokers.

REGISTRATION FEES
  • Trading Institution One-Time Application Fee of ₦300,000 and ₦200,000 for Broker/Dealers and Brokers, respectively.
  • Annual Membership Fee of ₦35,000 and ₦50,000 for Broker/Dealers and Brokers, respectively.

 

For further details please refer to the table below

 

NASD PLC SCHEDULE OF PARTICIPANTS FEES
1 Registration Fee for Broker/Dealer 300,000
2 Annual Fee for Broker/Dealer 35,000
3 Registration Fee for Broker 200,000
4 Annual Fee for Broker 50,000
5 Registration Fee for Authorised Traders 50,000
6 Annual Fee for Authorised Traders 20,000
7 Annual Trading Platform Maintenance Fee 75,000
8 Registration Fee for Accredited Issuing House 200,000
9 Registration Fee for Custodian 50,000
10 Registration Fee for Pension Custodian 50,000
ADMINISTRATIVE FEES
S/N ITEM FEE (₦)
1 Administrative fee for trading Rights of admitted securities 250,000
2 Re-issuance of Trading License to Participating Institutions 20,000
3 Replacement of misplaced Certificates of Completion to Authorised Traders 10,000