FULL LIST: Nigerian Stock Exchange (NSE) expels 35 stockbroking firms - Welcome to Uju Ayalogu's Blog

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Saturday, 29 December 2018

FULL LIST: Nigerian Stock Exchange (NSE) expels 35 stockbroking firms

FULL LIST: Nigerian Stock Exchange (NSE) expels 35 stockbroking firms

The Nigerian Stock Exchange (NSE) says 35 stockbroking firms have been expelled from the bourse.

In a notice published in Punch newspaper, the exchange said the decision was reached after a special meeting of its national council on December 13.

The NSE said the public should not deal with the expelled firms in relation to transactions on the exchange and that any investor who has a stockbroking account with the firm should transfer to any licensed firm that is a dealing member of the exchange.

Here is a full list of the affected firms:

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Andruche Investments Plc

Angela Eccies Limited

Associated Trust Investment and Finance Limited

Beaver Securities Limited

Betraco Securities Limited

Cobal Ventures Limited

Financial Intermediaries Limited

Corporate Focus Securities Limited

GF Securities Limtied

IB Finance Limited

Intergrated Securities Limited

Integrated Ventures Nigeria Limited

Intercommerce and Consultant Limited

Investment and Capital Development Company Limited

Investment Trust Company Limited

Kamrash Securities Limited

Lakeside Asset Management Limited

M and F Investment and Securities Limited

Milestone Investment and Securities Limited

Millennium Investment Trust Limited

Moji Securities and Investment Nigeria Limited

Morgan Trust Asset Management Limited (formerly known as IMB Morgan Plc/IMB Securities Limited).

Multibank International Securities Limited

Nationwide Finance and International Securities Limited

Novelty Investment Limited

Optimus finance and securities Limited

Pabod Finance and Investment Company Limited

Pabofin Securities Limited

Path Securities and Investments Limited

Shiroro Finance Limited

Tassel Finance and Investment Limited

Unique Securities and Finance Services Limited

Upper Credit Securities and Investments Limited

WellsFargo Capital Limited

Westland Investment Limited.

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