NSE . Floor of the NSE

The Nigerian Stock Exchange (NSE) operates a fair, orderly and transparent market that brings​ together the best of African enterprises and approximately 5 million investors from around the global.

To become an investor, an individual (or institution) must select a stoc​kbroker and open an account with the Central Securities Clearing System Plc. (CSCS).

A stockbroker is an appointed agent who is authorized to execute, buy or sell inst​​​ructions on an investor’s account, while CSCS issues central securities identification numbers to investors​ required for the clearing, delivery and settlement of transactions. A stockbroker, in this sense, does not refer to an individual, but to a broker-dealer firm that is (i) a dealing member of The Nigerian Stock Exchange (NSE), and (ii) is registered with the Securities and Exchange Commission (SEC).

In selecting a suitable broker to represent your interests as an investor, you  should confirm the broker’s status with both The NSE and SEC. The NSE also recommends investors meet with the broker-dealer firm to determine whether the services they offer match their specific needs. Stockbrokers and custodians have a fiduciary responsibility to their clients which implies management and safekeeping.​​


The Nigerian Stock Exchange (NSE) has provided this information as an educational service to investors. The information provided is not a legal interpretation of regulator policy. Investors who have questions about the meaning or application of any of the information provided should consult with a certified and licensed stockbroker, investment advisor or financial advisor.

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