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

DEALING MEMBERSHIP OF THE EXCHANGE

The dealing members of The Nigerian Stock Exchange are institutions who, licensed by The Exchange as stockbrokers, can buy and sell securities quoted on The Exchange on behalf of the investing public.

The Articles of Association of The Exchange define a dealing member company as:

“A company incorporated and registered under the Company’s Act which The Exchange issued a licence for the purpose of dealing in stocks, shares and other securities listed on The Exchange.”

There are today over 250 active dealing members of The Nigerian Stock Exchange. Many of them are affiliates of banks and other reputable financial institutions. They employ, in all, about 300 qualified dealing clerks - ladies and gentlemen who have passed the Authorised Clerkship Examination of The Nigerian Stock Exchange and the Chartered Institute of Stockbrokers of Nigeria.

Following the abrogation of The Exchange Control Act 1962 and the Nigerian Enterprises Promotion Decree 1989, foreign investors can now participate in the ownership of Nigerian stockbroking houses. Section 5 (1 & 2) of the Administrative Guidelines For Foreign Investment Through The Nigerian Stock Market provides that:

“Dealing members of The Nigerian Stock Exchange can now accommodate foreign shareholders in their equity capital; or go into any form of partnership with foreign stockbrokerage firms.

“Applications from foreign stockbrokers as members of The Nigerian Stock Exchange can now be entertained within the Rules and Regulations of The Nigerian Stock Exchange; as well as registration with Securities and Exchange Commission and Corporate Affairs Commission.”

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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