Nigerian Stock Exchange

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Nigerian Stock Exchange
Founded 1961
Headquarters Lagos, Nigeria
Key People Oscar Onyema, Chief Executive Officer

The Nigerian Stock Exchange was established in 1960 as the Lagos Stock Exchange. In December 1977 it became The Nigerian Stock Exchange, with branches established in some of the major commercial cities of the country.

There are currently six branches of The Nigerian Stock Exchange, each with its own trading floor. The branch in Lagos was opened in 1961; Kaduna, 1978; Port Harcourt, 1980; Kano, 1989; Onitsha, February 1990; and Ibadan August 1990; Abuja, October 1999 and Yola, April 2002. Lagos is the Head Office of The Exchange. [1] The exchange has just opened an office in Abuja.

The exchange had a total market capitalization of approximately N875.2 billion, as of March 10, 2003. Its listed companies have foreign/multinational affiliations and represent a cross-section the economy, ranging from agriculture through manufacturing to services.[2]


History

The exchange started operations in 1961 with 19 securities listed for trading. Today there are 262 securities listed on the exchange.

Products and Services

Key People

  • Oscar Onyema, Chief Executive Officer

References

  1. Nigerian Stock Exchange Mission Statement. Nigerian Stock Exchange.
  2. Quoted Companies. The Nigerian Stock Exchange.