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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


Significant dates on the Nigerian Stock Exchange

1. June 5, 1961

Trading commenced on The Lagos Stock Exchange

2. November 17, 1975

The Federal Military Government appointed an Industrial Enterprises Panel which among other things reviewed the implementation of the Indigenisation Programme

3. April 5, 1976

Inauguration of The Financial System Review Committee

4. December, 1977

The Lagos Stock Exchange renamed The Nigerian Stock Exchange

5. June 1, 1978

The Exchange opens a trading floor/branch in Kaduna

6. April 30, 1979

Opening of the Port Harcourt branch/trading floor

7. November 17, 1986

Official opening of new customs Street, Lagos, trading floor of The Stock Exchange by President Ibrahim Babangida

8. January 3, 1984

The Nigerian Stock Exchange launches an All-Share Index.

9. April 30, 1985

The Second-Tier Securities Market (SSM) was launched.

10. June 2, 1987

The Exchange hooks up with the Reuters Electronic Contributor System preparatory to internationlisation.

11. May 22, 1989

Kano branch of The Exchange opens.

12. February 2, 1990

Trading commences at the Onitsha branch of The Exchange.

13. August, 1990

Ibadan branch of The Exchange opens.

14. September 21, 1992

The All-Share Index reaches the 1000 mark.

15. January 27, 1993

The Nigerian capital market is deregulated.

16. November 16, 1994

The Exchange introduces a dress code for Authorised Clerks and Unauthorised Clerks.

17. November 16, 1994

The Stock Exchange Gift Shop and Visitors’ Gallery open.

18. January 15, 1995

The Federal Government abrogates the Exchange Control Act 1962 and the Nigerian Enterprises Promotion Decree 1989, effectively internationalizing the Nigerian capital market.

19. July 21, 1995

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.

20. September 8, 1995

The Nigerian Stock Exchange issues Administrative Guidelines for Foreign Investment Through The Nigerian Stock Market.

21. November, 1995

Inauguration of the Board of Trustees of the Investors’ Protection Fund for the Nigerian Stock Market.

22. May 2, 1996

Percentage pricing system introduced (with 5% as the limit of the daily fluctuation band)

23. July 15, 1996

The Stock Exchange abolishes the T+14 Settlement/Delivery period and introduces a weekly Settlement/Delivery period.

24. October 30, 1996

The Nigerian Stock Exchange elected President of the African Stock Exchanges Association (ASEA) in Cairo, Egypt.

25. April 8, 1997

The Central Securities Clearing System Limited was commissioned by the Chief of General Staff, Lt. General Oladipo Diya.

26. April 14, 1997

The Central Securities Clearing System Limited Commences operation, providing automated clearing, settlement, delivery and custodian services, among others.

27. March 30, 1998

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.

28. 2nd June, 1998

The NSE released guidelines and procedures for trading in rights.

29. July 13, 1998

Trading in rights commences on The Nigerian Stock Exchange.

30. April 27, 1999

The Nigerian Stock Exchange transits to the Automated Trading System (ATS).

31. August 5, 1999

The President, Chief Olusegun Obasanjo, represented by the Finance Minister, Malam Adamu Ciroma,commissions the ATS.

32. May 26, 1999.

Federal Government promulgates the Investments & Securities Decree No. 45, 1999.

33. October 14, 1999

The Exchange opens Abuja office and commences remote trading on the ATS.

34. November 19, 1999

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.

35. March 1, 2000

The Nigerian Stock Exchange commences T+3 settlement cycle.

36. March 1, 2000

The Trade Guarantee Fund commenced operation.

37. October 25-28, 2000

The Nigerian Stock Exchange hosted the ASEA Conference/AGM.

38. September 1, 2003

The Exchange changes trading hours to 10 a.m. -12noon.

39. February 19, 2004

The Exchange admits the N150bn 1st Federal Government Bond to the Official List.

40. July 6, 2004

The Central Bank of Nigeria announced a new minimum shareholders’ fund for banks, eliciting consolidation in the banking industry.

41. September 6, 2004

The Exchange admitted the first quoted company in the Hotel & Tourism Sub-sector - Tourist Company of Nigeria Plc.

42. April 13, 2002

The Exchange opened the Yola Branch.

43. January 27, 2005

The Exchange opened Benin Office.

44. March 24, 2005

The Exchange launched The NSE/CSCS Trade Alert.

45. August 10, 2005

The Exchange created a new equity sub-sector - “Maritime” - and listed Japaul Oil and Maritime Services as the first company in the sub-sector.

Market Activity
Nigerian Stock Exchange

NSE Index
Value Net Change % Change 
24,220.02 --2,877.28 --10.62 
 Nov 13, 2008


NSE Capitalisation
Value Net Change % Change 
2.61 T --443,882,034,240.72 --14.52 
 Nov 13, 2008


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