No fewer than 19 licensed dealing member firms at the Nigerian Stock Exchange (NSE) are yet to start trading on securities as the NSE classifies them “unactivated dealing member firms.”
Broker Trax at the NSE, which shows the status of member firms, reveals that there are 231 active dealing member firms; 61 inactive dealing member firms; 19 unactivated dealing member firms, and 11 revoked licences.
The NSE identified 19 licensed dealing member firms that are yet to resume trading as: Afro-Arab Investment Limited; Al-pina Investment and Trust Company Limited; Barakat Investment Limited; BBL Asset Management Limited; Bosson Capital Assets Limited; Dealers Assets Management Limited; Edgefield Capital Management Limited; Enabell Capital and Investment Limited; First and Foremost Investment Limited; First Express Limited; GilJohn Capital Limited; Integrated and Allied Securities Limited, and KFF Worldwide Solutions Limited.
Other dealing member firms that are not activated are: Kingdom Securities Limited; MultiTrust Securities Limited; Silver and Gold Securities Limited; Standard Chartered Securities Limited; Trans Lux Services Limited, and Truebond Capital and Asset Management Limited.
The inactive dealing member firms are: AAA Securities Limited; Alliance Capital Management Company Limited; Arian Capital Management Limited; Bauchi Investment Corporation Securities Limited; BFCL Asset and Securities Limited; BIC Securities Limited; Cashcraft Asset Management Limited; CEB Securities Limited; Colvia Securities Limited; Consolidated Investment Limited; Dakal Services Limited; Davandy Finance and Securities Limited; Decanon Investment Limited; Empire Securities Limited; Epic Investment Trust Limited; Equator Stockbrokers Limited; Falcon Securities Limited; First Alstate Securities Limited; First Atlantic Securities Limited; First Equity Securities Limited; Fittco Securities Limited; Folu Securities Limited; Genesis Securities and Investment Limited; Gosord Securities Limited; Ideal Securities Limited; IMTL Securities Limited, and Indemnity Finance Limited.
The NSE identified an inactive dealing member firm as “a firm that has been suspended for a period of more than six months by the Exchange or Securities and Exchange Commission (SEC), or has not recorded any activity for a period of three or more months without being suspended.”
Also in the list of inactive dealing member firms are ITIS Securities Limited; Kakawa Asset Management Limited; Lakesworth Investment and Securities Limited; Lion Stockbrokers Limited; LMB Stockbrokers Limited; Mact Securities Limited; Mainstreet Bank Securities Limited; Maninvest Asset Management Plc; Marimpex Finance and Investment Company Limited; Mayfield Investment Limited; Metropolitan Trust Nigeria Limited; Midland Capital Markets Limited; Midlands Investment and Trust Limited; Midpoint Capital Limited; ML Securities Limited; Monument Securities and Finance Limited; Northbridge Investment and Trust Limited; Omas Investment and Trust Company Limited; Peninsula Asset Management and Investment Company Limited; Platinum Capital Limited; Professional Stockbrokers Limited; Prudential Securities Limited; Regency Finance Limited; RIV Trust Securities Limited; Riverside Trust Limited; Securities Solutions Limited; Securities Trading and Investment Company; Sikon Securities and Investment Trust Limited; Transglobe Investment and Finance Company Limited; Tropics Securities Limited; Wema Asset Management Limited; WizeTrade Capital and Asset Management Limited; WT Securities Limited, and Zuma Securities Limited.
