NSE releases new charges on fixed income trading

The Nigerian Stock Exchange (NSE) on Friday said it has obtained the approval of the capital market regulator to re-introduce its Fixed Income Trading Fee from October 5, 2020.

The NSE in a statement said the Securities and Exchange Commission (SEC) gave approval on the new fee on fixed income trade on August 11, this year.

READ ALSO: Dokpesi, Firm To Face N2.1 Bln Money Laundering Charges After A/Court Judgment

Hence, the Exchange is expected to impose trading fees No charge of 0.0005 percent on both buyers and sellers of fixed income assets on its platform.

The NSE said listing application fee for companies with Equity Listing will continue to attract zero percent while companies without equity Listing will henceforth pay 0.0375 percent charge and State & Supranational Entities will have to pay 0.05 percent charges.

“There is no capital gains tax requirement on capital market transactions while withholding tax is minima at 10 percent only,” the NSE said