Nigerian Stock Exchange Group. Vacancies And Recruitment 2022. 

The Nigerian Stock Exchange is a Nigerian stock exchange group founded in 1961 in Lagos state. As of November 2019, it had a total of a hundred and sixty-one listed companies, with eight domestic companies on the premium board, one hundred and forty-four companies on the mainboard, and four on the Alternative Securities Market (ASM) board.

In the Fixed Income market, the NSE has eighty-four FGN bonds, twenty-one state bonds, twenty-seven corporate bonds, one supranational bond, and fifty-three memorandum listings.

There existed seven subscribers to the Exchange’s Memorandum of Association: R.S.V. Scott, representing C.T. Bowring and Co. Nigeria Ltd.; Chief Theophilus Adebayo Doherty; John Holt Ltd; Investment Company of Nig. Ltd.(ICON); Sir. Chukwuemeka Odumegwu Ojukwu; Chief Akintola Williams; and Alhaji Shehu Bukar.

Operations officially kicked off on August 25, 1961, with nineteen securities listed for trading. However, informal operations had commenced earlier in June 1961.

Operations were initially conducted inside the Central Bank building with four firms as market dealers: Inlaks, John Holt, C.T. Bowring, and ICON (Investment Company of Nigeria).

The volume for August 1961 was about 80,500 pounds and it rose to about 250,000 pounds in September of the same year with the bulk of the investments in government securities.

In December 1977 it became known as The Nigerian Stock Exchange, with branches established in some of the major commercial cities of the country.

Mission, Regulation, And Association

The NSE’s mission is to enable businesses and investors to have reliable access to capital while providing secure saving systems and structures for effective and efficient business operations.

The Nigerian Stock Exchange is a member of the World Federation of Stock  Exchanges. It is also an observer at meetings of the International Organization of Securities Commissions (IOSCO) and a founding member of the African Stock Exchange Association (ASEA).

It joined the Sustainable Stock Exchanges Initiative in October 2013.

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Responsibilities Of NSE

The Nigerian Stock Exchange (NGX, officially Nigerian Exchange Group) is a leading integrated market infrastructure in Africa servicing the continent’s largest economy. The Exchange provides capital access to companies seeking to take advantage of the financial markets in order to fund their business expansion.

Likewise, NGX provides a pool of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. Regardless of capitalization, the ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board.

Additional indices are the NGX30 and NGX50 which respectively track the top 30 and 50 companies in terms of market capitalization and liquidity.

Both indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalization and the number of a company’s listed shares, multiplied by the closing price, and multiplied by a capping factor.

For job vacancies and requirements, applications should be submitted at 

http://www.ngxgroups.com/careers 

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