The Nigerian Stock Exchange has modified the listing and trading fees for securities listed and traded on its fixed income market. The revised fee structure, which will be effective from August 17, 2016, will be piloted for an initial six month period, and then evaluated to determine if it has met its objectives, according to the NSE in a statement.
The Exchange, under the revised fee structure, said it would no longer charge trading fees on fixed income traded on its platform. The initial flat listing application fee of 0.15 per cent for all bond types had been replaced with variable listing application fees, it added.
With this development, the NSE said corporate bonds exclusively listed on the Exchange, with existing equity listing, would attract 0.01 per cent listing application fee.
Dual listed corporate bonds with existing equity listing and other corporate bonds would attract 0.0375 per cent listing application fees.