The Nigerian Stock Exchange NSE is currently a haven for about 50 inactive stockbroking firms, most of which have not recorded any form of trading activity for three or more months, BusinessDay can disclose.

Month-on-month mommarket watchers have witnessed stock trading activities volume and value of deals at the Nigerian bourse tilting towards control by a few stockbroking firms. At the Exchange, there are about active dealing member firms; 20 inactive dealing member firms deregistered by the Securities and Exchange Commission SEC ; and 18 inactivated dealing member firms.

In terms of total value of deals in the five-month period, only ten stockbroking firms accounted for The directory of dealing members at the Nigerian Stock Exchange shows the 50 inactive stockbroking firms which include: Active stock broking firms in nigeria investigation also revealed other inactive dealing member firms like: According to divergence forex trading Nigerian Stock Exchange, other inactive dealing member firms are: Active stock broking firms in nigeria Securities and Exchange Commission SEC in December approved the new minimum capital requirements for Capital Market Operators CMOs aimed at improving operators baseline infrastructure, market access and service delivery.

The deadline for compliance by existing CMOs is September 30, while compliance was stated as a prerequisite for the registration of new CMOs.

Considering this development, some of the inactive dealing member firms may be on their exit route from the stock market. For instance, the SEC insists that the assets mix ratio for core operators in the market shall be minimum of 60 percent liquid assets, while for non-core operators its shall be a minimum of 30 percent liquid assets.