Buy And Sell Transaction Charges On The NSE as @Aug 03, 2020

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Monday, August 03, 2020 / 06:10 PM / Proshare Research / Header Image Credit: Google Blog                   

 

The buy and sell transaction charges in the Nigerian Capital Market keeps changing as events unfold.

 

The recent increase in one of the fees can be seen in VAT occasioned by the new VAT rate of 7.5% announced by the Federal Government earlier this year. This represents a 50% increment from the previous 5% VAT Rate.

 

Below is the currently published "buy and sell" transaction charges for equities traded on the Nigerian Stock Exchange (NSE) sourced via the official website of one of the dealing members of NSE.


Buy and Sell Transactions Charges on NSE

 

Sell Charges

 

Title

%

Brokerage Fee

1.35

VAT On Brokerage Commission

7.5

NSE Fee

0.3

VAT On NSE

7.5

CSCS Fee

0.3

VAT On CSCS

7.5

Stamp Duty

0.08

Trade Alert Fee (N4 Flat Per Transaction)

N4

VAT On Trade Alert Fee(7.5% Of N4 Flat Per Transaction

30k

 

 

Buy Charges

 

Title

%

Brokerage Fee

1.35

VAT On Brokerage Commission

7.5

SEC Fee

0.3

VAT On SEC Fee

7.5

Stamp Duty

0.08

Trade Alert Fee (N4 Flat Per Transaction)

N4

VAT On Trade Alert Fee(7.5% Of N4 Flat Per Transaction

30k

Source: Cashcraft, Proshare Research

 

However, investors are encouraged to also verify market transaction charges with their prospective dealing members while charges on any of your share transactions can be verified by cross-checking your contract note against the above percentage charges approved by the regulators. 

 

For more information on this subject, kindly contact The Nigerian Stock Exchange, NSE

 

Proshare Nigeria Pvt. Ltd.


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