December 23, 2020

CIRCULAR 45- CHANGE IN TEMPLATE OF RENDITION OF RETURNS TO NASD OTC

All Participating Institutions (excluding Custodians and Issuing Houses) are hereby notified that NASD PLC has amended the template for ‘Rendition of Quarterly Returns. For more details […]
December 22, 2020

CIRCULAR 44 – EXTENSION OF DEADLINE FOR PAYMENT OF TRADE GUARANTEE FUND

This is to notify all Registered Participating Institutions yet to make their one-time contribution of₦100,000 (One Hundred Thousand Naira) to the NASD Trade Guarantee Fund that […]
December 2, 2020

CIRCULAR 43 – STAMP DUTIES ADMINISTRATION INCREMENT FROM 0.075% TO 0.08%

We refer to the Public Notice in the Business Day Newspaper of Monday, 20 July 2020, captioned ‘Clarification of Administration of Stamp Duties in Nigeria’ issued […]
November 13, 2020

CIRCULAR 42 – ONE TIME CONTRIBUTION TO THE NASD TRADE GUARANTEE FUND

In reference to Circular 35 on the one time mandatory contribution to be made into the NASD Trade Guarantee Fund by all registered Participating Institutions on […]
March 2, 2020

CIRCULAR 38 – CLASSIFICATION OF PROPRIETARY ACCOUNT

Participating Institutions are by this Circular required to nominate one account to be maintained as the Proprietary account to ease the deduction of statutory stamp duty […]
July 17, 2019

Expiration Of Value Added Tax – Exemption of Commission on Stock Exchange Transactions

Please note that effective 25 July 2019, VAT is to be charged on all commissions applicable to capital market transactions which include Commissions – a. earned […]