THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

Published Under the Authority

of the Council of:

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

2/4 Customs Street,

P.O. Box 2457, Lagos

Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

Copyright:

The Nigerian Stock Exchange

ISBN 978 0262 - 1 - 6

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

FACTBOOK 2008

CRITERIA FOR DEALING/ORDINARY MEMBERSHIP OF THE EXCHANGE

Applicant Companies shall be limited liability companies with special interest in providing financial services to companies and investors.

Accordingly, they must be registered with the Securities and Exchange Commission to carry on business as Issuing and/or Stockbrokerage Houses. Promoters of Applicant Company must be people of high integrity with proven expertise in the provision of Financial Services.

The Minimum Authorised and Paid Up Share Capital of an Applicant company was on April 23, 2007 increased from N70,000,000.00 to N1,000,000,000.00 by Securities and Exchange Commission (SEC) with a compliance date of December 31, 2008.

Applicant companies are required to give an undertaking to:-

(a) establish their head offices in the area of jurisdiction of The Branch Exchange they are affiliated with, and in at least one other office in any other area governed by another branch Exchange or as may from time to time be prescribed by Council.

(b) Pay N1,000,000.00 or such other sum as Council may from time to time prescribe towards The Nigerian Stock Exchange Investors Protection Fund.

(c) Pay N100,000.00 or such other sum as Council may from time to time prescribe as contribution to the Trade Guarantee Fund.

Applications for Membership shall include, the following:-

(a) Profiles of Directors and Accredited Representative.

(b) Audited Accounts or Statement of Affairs in lieu thereof.

(c) Any other information/document which The Exchange may deem desirable for the proper consideration of the Application.

NOTE:

Accredited Representative of an Applicant Company for purposes of dealing with The Exchange shall be:

(i) the Chief Executive with the Executive Director as his alternate.

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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