The Nigerian stock exchange and the names of companies listed
You have being longing to know more about the Nigeria stock exchange?This article is all you need to get enlightened about it.
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:
- 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.
- 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.
- 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.
- It allows small investors to invest where the big investors are investing.
- 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.
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.