The Nigerian stock exchange and the names of companies listed

0

You have being longing to know more about the Nigeria stock exchange?This article is all you need to get enlightened about it.

the nigeria stock exchange

This article is focused on the Nigerian stock exchange and the names of companies listed. This is quite an important write-up because the stock market of any country contributes to the growth of that country’s economy. But first, there is a need to establish the foundation and understanding of stock exchange.

So what is a stock exchange? According to Wikipedia, “A stock exchange, securities exchange, or bourse is a facility where stockbrokers and traders can buy and sell securities, such as shares of stock and bonds and other financial instruments”.

 There are numerous securities traded in the stock exchange, namely: shares of stock of listed companies, derivatives, corporate bonds, indices, and index.

These securities can be traded through a human conversation like in the 70s or through the use of an automated trading system(ATS)  that is technologically like it’s being done nowadays.

Just like every other thing on this planet, the stock exchange and market have its role that is significant to note. They include:

  1. The stock market serves as a means of making profits for its investors and traders in the form of dividends, which allows them to make more capital.
  2. It serves as a means to generate capital for businesses to expand their reach beyond their current position and at the same time generating more revenue for the company and its investors. To do this, the stock market makes certain shares of the company available to the public so that they can invest in the growth of the company.
  3. It plays a huge role in enhancing the management of a company by providing well-skilled individuals to manage the company because it now a public corporation,  and at the same time gives room for acquisition if the management fails to perform.
  4. It allows small investors to invest where the big investors are investing.
  5. It also serves as a means of mobilizing savings. Especially in banks, they tend to invest the money from customer’s savings with the tendency of making profits from the stock market for the benefit of the bank and its customer. Thereby creating a win-win situation for both parties.

Now that a little foundation about stock exchange has been established, now let’s talk about the Nigerian stock exchange.

The Nigerian stock exchange was founded on the 15th of September 1960 but began its operations on August 25th, 1961. It was first called the Lagos stock exchange located in Lagos, Nigeria.

The Nigerian stock exchange began with just 19 securities and four firms,  namely: Inlaks, John Holt,  C.T Bowling, and ICON(Investment Company of Nigeria) and they conducted their business affairs in the Central Bank Of Nigeria (CBN).

As of then, the NSE has just a total volume of 84,500 pounds but rose it to 250,000 pounds in September of the same year.

But in November 2019, the Nigerian Stock Exchange has 161 companies, 8 domestic companies on the premium board, 144 companies on the mainboard, 9 companies on the Alternative securities board, 84 FGN bonds, 21 state bonds, 27 corporate bonds, 1 supranational bond, 53 memorandum listings.

Also, the NSE trade on indices, namely; NSE All-share, NSE Premium, NSE 30, NSE 50, NSE corporate, Governance index, NSE Banking,  NSE Consumer Goods.

The name the Lagos Stock Exchange was changed to the Nigerian Stock Exchange in 1971 and with many branches all over the cities of the country. More so, the NSE started operating the Automated Trading System on the 27th of April 1999, which makes trading easy and stress-free.

The Nigeria Stock Exchange also has a market cap of 28.26 trillion nairas,  which is equivalent to 74 billion dollars.

Names of listed companies in the Nigeria stock exchange

Below are the names of listed companies in the Nigerian Stock Exchange.

1   MOBIL  OIL AND GAS

2              A.G. LEVENTIS NIGERIA PLC.

3              ABBEY MORTGAGE BANK PLC   

4              ACADEMY PRESS PLC.   

5              ACCESS BANK PLC.         

6              AFRICA PRUDENTIAL PLC             

7              AFRICAN ALLIANCE INSURANCE PLC      

8              AFROMEDIA PLC             

9              AIICO INSURANCE PLC.

10           AIRTEL AFRICA PLC         

11           ALUMINIUM EXTRUSION IND. PLC.

12           ANINO INTERNATIONAL PLC.

13           ARBICO PLC.      

14           ASO SAVINGS AND LOANS PLC

15           ASSOCIATED BUS COMPANY PLC             

16           AUSTIN LAZ & COMPANY PLC

17           AXAMANSARD INSURANCE PLC               

18           B.O.C. GASES PLC.          

19           BERGER PAINTS PLC        BERGER INDUSTRIAL GOODS

20           BETA GLASS PLC.             

21           C & I LEASING PLC.         

22           CADBURY NIGERIA PLC.    CADBURY CONSUMER GOODS

23           CAP PLC   CAP INDUSTRIAL GOODS

24           CAPITAL HOTEL PLC[BLS]    CAPHOTEL  SERVICES

25           CAPITAL OIL PLC[MRF]  CAPOIL OIL AND GAS

26           CAVERTON OFFSHORE SUPPORT GRP PLC

27           CEMENT CO. OF NORTH.NIG. PLC

28           CHAMPION BREW. PLC.

29           CHAMS PLC   CHAMS ICT

30           CHELLARAMS PLC.          

31           CONOIL PLC       

32           CONSOLIDATED HALLMARK INSURANCE PLC      

33           CONTINENTAL REINSURANCE PLC           

34           CORNERSTONE INSURANCE PLC               

35           COURTEVILLE BUSINESS SOLUTIONS PLC

36           CUSTODIAN INVESTMENT PLC  

37           CUTIX PLC.         

38           CWG PLC

39        DAAR COMMUNICATIONS PLC 

40           DANGOTE CEMENT PLC

41           DANGOTE SUGAR REFINERY PLC              

42           DEAP CAPITAL MANAGEMENT & TRUST PLC

43           DN TYRE & RUBBER PLC

44           E-TRANZACT INTERNATIONAL PLC

45           ECOBANK TRANSNATIONAL INCORPORATED     

46           EKOCORP PLC.

47           ELLAH LAKES PLC.

48           ETERNA PLC.

49           EVANS MEDICAL PLC.

50           FBN HOLDINGS PLC        

51           FCMB GROUP PLC.         

52           FIDELITY BANK PLC         

53           FIDSON HEALTHCARE PLC            

54           FLOUR MILLS NIG. PLC.

55           FORTE OIL PLC.

56           FTN COCOA PROCESSORS PLC

57           GLAXO SMITHKLINE CONSUMER NIG. PLC.         

58           GLOBAL SPECTRUM ENERGY SERVICES PLC         

59           GOLDEN GUINEA BREW. PLC.

60           GOLDLINK INSURANCE

61           GREIF NIGERIA PLC        

62           GUARANTY TRUST BANK PLC.

63           GUINEA INSURANCE PLC.           

64           GUINNESS NIG PLC        

65           HONEYWELL FLOUR MILL PLC    

66           IKEJA HOTEL PLC              

67           INFINITY TRUST MORTGAGE BANK PLC

68           INTERLINKED TECHNOLOGIES PLC           

69           INTERNATIONAL BREWERIES PLC.           

70           INTERNATIONAL ENERGY INSURANCE PLC

71           JAIZ BANK PLC   JAIZBANK           

72           JAPAUL OIL & MARITIME SERVICES PLC

73           JOHN HOLT PLC.              

74           JULI PLC.

75           JULIUS BERGER NIG. PLC.            

76           LAFARGE AFRICA PLC.   

77           LASACO ASSURANCE PLC.           

78           LAW UNION AND ROCK INS. PLC.

79           LEARN AFRICA PLC         

80           LINKAGE ASSURANCE PLC

81           LIVESTOCK FEEDS PLC.  

82           MAY & BAKER NIGERIA PLC.

83           MCNICHOLS PLC              

84           MEDVIEW AIRLINE PLC

85           MEYER PLC.

86           MORISON INDUSTRIES PLC.

87           MRS OIL NIGERIA PLC.  

88           MTN NIGERIA

89           MULTI-TREX INTEGRATED FOODS PLC

90           MULTIVERSE MINING AND EXPLORATION PLC  

91           MUTUAL BENEFITS ASSURANCE PLC.     

92           N NIG. FLOUR MILLS PLC.            

93           NASCON ALLIED INDUSTRIES PLC

94           NCR (NIGERIA) PLC.       

95           NEIMETH INTERNATIONAL PHARMACEUTICALS PLC       

96           NEM INSURANCE PLC   

97           NESTLE NIGERIA PLC.    

98           NIGER INSURANCE PLC

99           NIGERIA ENERGY SECTOR FUND

100         NIGERIA-GERMAN CHEMICALS PLC.

101         NIGERIAN AVIATION HANDLING COMPANY PLC              

102         NIGERIAN BREW. PLC.  

103         NIGERIAN ENAMELWARE PLC.  

104         NOTORE CHEMICAL IND PLC

105         NPF MICROFINANCE BANK 106 OANDO PLC

107         OKOMU OIL PALM PLC.

108         OMATEK VENTURES PLC.

109         OMOLUABI MORTGAGE BANK PLC

110         P Z CUSSONS NIGERIA PLC.        

111         PHARMA-DEKO PLC.      

112         PORTLAND PAINTS & PRODUCTS NIGERIA PLC

113         PREMIER PAINTS PLC.   

114         PRESCO PLC       

115         PRESTIGE ASSURANCE PLC

116         R T BRISCOE PLC.             

117         RAK UNITY PET. COMP. PLC.      

118         RED STAR EXPRESS PLC 

119         REGENCY ASSURANCE PLC         

120         RESORT SAVINGS & LOANS PLC.

122         ROYAL EXCHANGE PLC.

123         S C O A NIG. PLC.             

124         SECURE ELECTRONIC TECHNOLOGY PLC

125         SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC       

126         SKYE SHELTER FUND PLC    

127         SKYE SHELTER FUND PLC            

128         SKYWAY AVIATION HANDLING COMPANY PLC

129         SMART PRODUCTS NIGERIA PLC

130         SOVEREIGN TRUST INSURANCE PLC

131         STACO INSURANCE PLC

132         STANBIC IBTC HOLDINGS PLC    

133         STANDARD ALLIANCE INSURANCE PLC.

134         STERLING BANK PLC.     

135         STUDIO PRESS (NIG) PLC.            

136         SUNU ASSURANCES NIGERIA PLC.

137         TANTALIZERS PLC            

138         THE INITIATES PLC          

139         THOMAS WYATT NIG. PLC.[RST]              

140         TOTAL NIGERIA PLC.       TOTAL   OIL AND GAS

141         TOURIST COMPANY OF NIGERIA PLC.

142         TRANS-NATIONWIDE

143         TRANSCORP HOTELS

144         TRANSNATIONAL CORPORATION OF NIGERIA PLC                           

145         TRIPPLE GEE AND COMPANY PLC.           

146         U A C N PLC.      

147         UACN PROPERTY DEVELOPMENT COMPANY PLC             

148         UNIC DIVERSIFIED HOLDINGS PLC.

150         UNION BANK NIG.PLC.[BLS]      

151         UNION DIAGNOSTIC & CLINICAL SERVICES PLC 

152         UNION DICON SALT PLC.[BRS]                  

153         UNION HOMES REAL ESTATE INVESTMENT TRUST)          

154         UNION HOMES SAVINGS AND LOANS PLC

155         UNITED BANK FOR AFRICA PLC  UBA      

156         UNITED CAPITAL PLC     

157         UNITY BANK PLC                             

158         UNIVERSAL INSURANCE PLC

159         UNIVERSITY PRESS PLC.               

160         UPDC REAL ESTATE INVESTMENT TRUST               

161         VALUEALLIANCE VALUE FUND  

162         VERITAS KAPITAL ASSURANCE PLC          

163         VITAFOAM NIG PLC.      

164         WAPIC INSURANCE PLC               

165         WEMA BANK PLC.          

166         ZENITH BANK PLC           

So, these are the key things you need to know about the Nigeria stock exchange. What do you think about the Nigeria stock exchange and the compaines in our list? Please share your thoughts in the comments section.

Leave a Reply