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NSE Address
STOCK EXCHANGE HOUSE
(8th, 9th, & 11th Floors)
2/4 Customs Street
P. O. Box 2457, Lagos.
Telephone: 2660287, 2660305, 2660335
Telex: 23567 STEX NIG.
Fax: 01-2668724, 2668281
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| Home > Milestones |
| Significant dates on the Nigerian Stock Exchange |
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1. June 5, 1961
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Trading commenced on The Lagos Stock Exchange
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2. November 17, 1975
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The Federal Military Government appointed an Industrial Enterprises Panel which among other things reviewed the implementation of the Indigenisation Programme
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3. April 5, 1976
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Inauguration of The Financial System Review Committee
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4. December, 1977
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The Lagos Stock Exchange renamed The Nigerian Stock Exchange
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5. June 1, 1978
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The Exchange opens a trading floor/branch in Kaduna
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6. April 30, 1979
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Opening of the Port Harcourt branch/trading floor
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7. November 17, 1986
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Official opening of new customs Street, Lagos, trading floor of The Stock Exchange by President Ibrahim Babangida
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8. January 3, 1984
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The Nigerian Stock Exchange launches an All-Share Index.
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9. April 30, 1985
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The Second-Tier Securities Market (SSM) was launched.
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10. June 2, 1987
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The Exchange hooks up with the Reuters Electronic Contributor System preparatory to internationlisation.
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11. May 22, 1989
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Kano branch of The Exchange opens.
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12. February 2, 1990
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Trading commences at the Onitsha branch of The Exchange.
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13. August, 1990
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Ibadan branch of The Exchange opens.
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14. September 21, 1992
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The All-Share Index reaches the 1000 mark.
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15. January 27, 1993
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The Nigerian capital market is deregulated.
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16. November 16, 1994
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The Exchange introduces a dress code for Authorised Clerks and Unauthorised Clerks.
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17. November 16, 1994
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The Stock Exchange Gift Shop and Visitors’ Gallery open.
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18. January 15, 1995
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The Federal Government abrogates the Exchange Control Act 1962 and the Nigerian Enterprises Promotion Decree 1989, effectively internationalizing the Nigerian capital market.
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19. July 21, 1995
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The Federal Government promulgates the Nigerian Investment Promotion Commission Decree No. 16 and the Foreign Exchange (Monitoring & Miscellaneous Provisions Decree No. 17, in furtherance of the opening of the Nigerian capital market to the international community.
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20. September 8, 1995
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The Nigerian Stock Exchange issues Administrative Guidelines for Foreign Investment Through The Nigerian Stock Market.
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21. November, 1995
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Inauguration of the Board of Trustees of the Investors’ Protection Fund for the Nigerian Stock Market.
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22. May 2, 1996
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Percentage pricing system introduced (with 5% as the limit of the daily fluctuation band)
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23. July 15, 1996
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The Stock Exchange abolishes the T+14 Settlement/Delivery period and introduces a weekly Settlement/Delivery period.
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24. October 30, 1996
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The Nigerian Stock Exchange elected President of the African Stock Exchanges Association (ASEA) in Cairo, Egypt.
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25. April 8, 1997
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The Central Securities Clearing System Limited was commissioned by the Chief of General Staff, Lt. General Oladipo Diya.
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26. April 14, 1997
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The Central Securities Clearing System Limited Commences operation, providing automated clearing, settlement, delivery and custodian services, among others.
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27. March 30, 1998
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Trading floor moved temporarily to the 11th floor, from the 8th floor as the restructuring of the 8th floor trading room for the ATS commences.
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28. 2nd June, 1998
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The NSE released guidelines and procedures for trading in rights.
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29. July 13, 1998
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Trading in rights commences on The Nigerian Stock Exchange.
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30. April 27, 1999
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The Nigerian Stock Exchange transits to the Automated Trading System (ATS).
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31. August 5, 1999
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The President, Chief Olusegun Obasanjo, represented by the Finance Minister, Malam Adamu Ciroma,commissions the ATS.
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32. May 26, 1999.
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Federal Government promulgates the Investments & Securities Decree No. 45, 1999.
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33. October 14, 1999
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The Exchange opens Abuja office and commences remote trading on the ATS.
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34. November 19, 1999
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The Nigerian Stock Exchange admits M-Net/Supersports to its Daily Official List in its First Cross-border Listing. M-Net/ Supersports has primary listing on the Johannesbug Stock Exchange.
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35. March 1, 2000
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The Nigerian Stock Exchange commences T+3 settlement cycle.
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36. March 1, 2000
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The Trade Guarantee Fund commenced operation.
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37. October 25-28, 2000
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The Nigerian Stock Exchange hosted the ASEA Conference/AGM.
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38. September 1, 2003
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The Exchange changes trading hours to 10 a.m. -12noon.
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39. February 19, 2004
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The Exchange admits the N150bn 1st Federal Government Bond to the Official List.
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40. July 6, 2004
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The Central Bank of Nigeria announced a new minimum shareholders’ fund for banks, eliciting consolidation in the banking industry.
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41. September 6, 2004
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The Exchange admitted the first quoted company in the Hotel & Tourism Sub-sector - Tourist Company of Nigeria Plc.
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42. April 13, 2002
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The Exchange opened the Yola Branch.
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43. January 27, 2005
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The Exchange opened Benin Office.
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44. March 24, 2005
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The Exchange launched The NSE/CSCS Trade Alert.
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45. August 10, 2005
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The Exchange created a new equity sub-sector - “Maritime” - and listed Japaul Oil and Maritime Services as the first company in the sub-sector.
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| Market Activity |
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Nigerian Stock Exchange
| 24,220.02 |
--2,877.28 |
--10.62 |
Nov 13, 2008
| 2.61 T |
--443,882,034,240.72 |
--14.52 |
Nov 13, 2008
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Gainers / Loosers
Top Gainers
| Symbol |
Price |
Change |
Volume |
| 7UP |
41.00 |
+2.000 |
120,000 |
Top Loosers
| Symbol |
Price |
Change |
Volume |
| AFRIBANK |
35.00 |
-3.000 |
404,000 |
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