30 MINUTES DELAYED DATA: ABB2026S0 N100.000.00 % ABBEYBDS N3.100.00 % ABC2027S0 N100.000.00 % ABCTRANS N1.140.00 % ACADEMY N2.720.00 % ACCESSCORP N27.600.00 % ADV2028S1A N100.000.00 % ADV2031S1B N100.000.00 % AFRINSURE [MRF] N0.200.00 % AFRIPRUD N29.750.00 % AFROMEDIA [MRF] N0.240.00 % AIICO N1.690.00 % AIRTELAFRI N2156.900.00 % ALEX [BLS] N7.150.00 % ARADEL N569.300.00 % ARBICO N1.030.00 % ASOSAVINGS [DWL] N0.500.00 % AUSTINLAZ [RST] N1.750.00 % AVAIF N1000000.000.00 % AXA2027S1 N100.000.00 % BAPLC N6.250.00 % BAU2021S1 N100.000.00 % BERGER N21.000.00 % BETAGLAS N86.500.00 % BUA2027S1 N100.000.00 % BUACEMENT N93.000.00 % BUAFOODS N415.000.00 % CADBURY N26.700.00 % CAP N47.000.00 % CAPHOTEL [BLS] N3.020.00 % CAPOIL [DIP] N0.200.00 % CAVERTON N2.050.00 % CHAMPION [BLS] N3.700.00 % CHAMS N2.120.00 % CHELLARAM N7.890.00 % CHIPLC N1.090.00 % CIL2028S2 N100.000.00 % CILEASING N3.900.00 % CMB2025S1 N100.000.00 % CONHALLPLC N3.050.00 % CONOIL N387.200.00 % CORNERST N3.360.00 % CSF2025S1 N100.000.00 % CUSTODIAN N18.550.00 % CUTIX N2.400.00 % CWG N8.000.00 % DAARCOMM N0.810.00 % DAN2026S1TB N100.000.00 % DAN2027S2TA N100.000.00 % DAN2028S1TC N100.000.00 % DAN2029S2TB N100.000.00 % DAN2032S2TC N100.000.00 % DANGCEM N394.000.00 % DANGSUGAR N36.500.00 % DCM2025S1 N100.000.00 % DEAPCAP [DWL] N1.050.00 % DIF2029S1TA N100.000.00 % DIF2032S1TB N100.000.00 % DIF2032S2 N100.000.00 % DUNLOP [DIP] N0.200.00 % EKOCORP [BMF] N5.800.00 % ELLAHLAKES N3.200.00 % ENAMELWA N21.200.00 % EPF2026S1 N100.000.00 % ETERNA N33.350.00 % ETI [MRF] N31.300.00 % ETRANZACT N6.500.00 % EUNISELL N13.340.00 % FBNH N32.000.00 % FBQ2030S2 N100.000.00 % FCMB N11.600.00 % FFFBNBALF N146.140.00 % FFFBNFIF N1234.590.00 % FFFBNMMF N100.000.00 % FFFRONTIER N121.430.00 % FFFSDHCGF N3002.680.00 % FFFSDHCIF N2858.810.00 % FFIONEABMM N100.000.00 % FFIONEVBF N2.150.00 % FFIONEVGIF N1.000.00 % FFLEGYDTFD N3.350.00 % FFLEGYEYFD N1.180.00 % FFLEGYMMFD N100.000.00 % FFLEGYUBFD N1.040.00 % FFSFSFIXED N1.030.00 % FFUNCAPBDF N1.650.00 % FFUNCAPBLF N1.230.00 % FFUNCAPEBF N109.300.00 % FFUNCAPEQF N0.720.00 % FFUNCAPMMF N1.000.00 % FFUNCAPWFF N1.120.00 % FG112034S2 N72.990.00 % FG112034S2 N72.990.00 % FG132026S1 N100.000.00 % FG132026S1 N100.000.00 % FG132036S2 N25.000.00 % FG132036S2 N25.000.00 % FG142027S1 N93.360.00 % FG142027S1 N93.360.00 % FG142037S2 N89.600.00 % FG142037S2 N89.600.00 % FG152025S2 N102.890.00 % FG152025S2 N102.890.00 % FG152028S1 N55.000.00 % FG152028S1 N55.000.00 % FG162029S1 N100.000.00 % FG162029S1 N100.000.00 % FG162049S2 N95.000.00 % FG162049S2 N95.000.00 % FG172035S1 N20.000.00 % FG172035S1 N20.000.00 % FG172045S3 N100.000.00 % FG172045S3 N100.000.00 % FG172050S2 N105.000.00 % FG172050S2 N105.000.00 % FG182032S2 N100.000.00 % FG182032S2 N100.000.00 % FG182042S1 N100.000.00 % FG182042S1 N100.000.00 % FG192033S1 N100.000.00 % FG192033S1 N100.000.00 % FG192038S2 N100.000.00 % FG192038S2 N100.000.00 % FG192053S3 N91.050.00 % FG192053S3 N91.050.00 % FG202027S3 N102.230.00 % FG202027S3 N102.230.00 % FG202029S5 N96.720.00 % FG202029S5 N96.720.00 % FG202031S1 N87.000.00 % FG202031S1 N87.000.00 % FG202033S6 N96.020.00 % FG202033S6 N96.020.00 % FG202034S2 N100.000.00 % FG202034S2 N100.000.00 % FG5B2028S5 N100.000.00 % FG5B2028S5 N100.000.00 % FG6B2029S3 N100.000.00 % FG6B2029S3 N100.000.00 % FG6B2029S5 N100.000.00 % FG6B2029S5 N100.000.00 % FG7B2030S3 N70.500.00 % FG7B2030S3 N70.500.00 % FGB2026S2 N100.000.00 % FGB2026S2 N100.000.00 % FGEUR2025S5 N100.000.00 % FGEUR2027S2 N100.000.00 % FGEUR2028S10 N100.000.00 % FGEUR2029S4 N100.000.00 % FGEUR2030S8 N100.000.00 % FGEUR2031S6 N100.000.00 % FGEUR2032S1 N100.000.00 % FGEUR2033S11 N100.000.00 % FGEUR2038S7 N100.000.00 % FGEUR2047S3 N100.000.00 % FGEUR2049S4 N100.000.00 % FGEUR2051S12 N100.000.00 % FGS202512 N80.000.00 % FGS202514 N70.000.00 % FGS202516 N100.630.00 % FGS202518 N85.000.00 % FGS202520 N75.000.00 % FGS202522 N70.000.00 % FGS202524 N70.000.00 % FGS202526 N100.000.00 % FGS202528 N70.000.00 % FGS202530 N70.000.00 % FGS202532 N70.000.00 % FGS202535 N95.000.00 % FGS202537 N100.000.00 % FGS202539 N90.000.00 % FGS202541 N103.000.00 % FGS202543 N80.000.00 % FGS202545 N85.000.00 % FGS202547 N100.000.00 % FGS202549 N70.000.00 % FGS202551 N100.000.00 % FGS202553 N70.000.00 % FGS202555 N70.000.00 % FGS202634 N60.000.00 % FGS202636 N65.000.00 % FGS202638 N60.000.00 % FGS202640 N65.000.00 % FGS202642 N70.000.00 % FGS202644 N100.000.00 % FGS202646 N85.000.00 % FGS202648 N80.000.00 % FGS202650 N60.000.00 % FGS202652 N60.000.00 % FGS202654 N100.000.00 % FGS202656 N100.000.00 % FGS202657 N82.580.00 % FGS202659 N100.000.00 % FGS202661 N100.000.00 % FGS202663 N99.000.00 % FGS202665 N70.000.00 % FGS202667 N100.000.00 % FGS202669 N72.000.00 % FGS202671 N100.000.00 % FGS202673 N100.000.00 % FGS202675 N100.000.00 % FGS202677 N110.000.00 % FGS202679 N100.000.00 % FGS202758 N30.000.00 % FGS202760 N95.000.00 % FGS202762 N100.000.00 % FGS202764 N95.000.00 % FGS202766 N100.000.00 % FGS202768 N120.000.00 % FGS202770 N100.000.00 % FGS202772 N125.000.00 % FGS202774 N130.000.00 % FGS202776 N100.000.00 % FGS202778 N100.000.00 % FGS202780 N100.000.00 % FGS202781 N0.000.00 % FGS202882 N0.000.00 % FGSUK2025S2 N92.000.00 % FGSUK2027S3 N81.530.00 % FGSUK2031S4 N77.500.00 % FGSUK2032S5 N98.000.00 % FGSUK2033S6 N98.000.00 % FHSUK202801 N100.000.00 % FHSUK202902 N100.000.00 % FID2031S1 N100.000.00 % FIDELITYBK [MRF] N19.850.00 % FIDSON N19.100.00 % FMN2025S3B N100.000.00 % FMN2026S1 N100.000.00 % FMN2029S2 N100.000.00 % FTNCOCOA [RST] N1.880.00 % GEREGU N1150.000.00 % GOLDBREW [BMF] N7.870.00 % GOLDINSURE [DIP] N0.200.00 % GREENWETF N534.000.00 % GTCO N64.000.00 % GUINEAINS [MRF] N0.850.00 % GUINNESS N77.000.00 % HMCALL N4.980.00 % HONYFLOUR [BLS] N9.500.00 % IAO2026S1 N100.000.00 % IKEJAHOTEL N10.350.00 % IMG N38.000.00 % INFINITY [BLS] N7.000.00 % INTBREW [BLS] N5.400.00 % INTENEGINS [RST] N2.500.00 % JAIZBANK N3.400.00 % JAPAULGOLD N2.180.00 % JBERGER N139.800.00 % JOHNHOLT N7.510.00 % JULI N10.300.00 % KGB2022S2 N100.000.00 % LAB2027T2 N100.000.00 % LAB2027T4 N100.000.00 % LAB2031S4 N99.960.00 % LAB2033S1 N100.000.00 % LASACO N3.000.00 % LASUK2030S2 N100.000.00 % LEARNAFRCA N4.500.00 % LFZ2041S1 N100.000.00 % LFZ2042S2 N100.000.00 % LINKASSURE N1.480.00 % LIVESTOCK N5.280.00 % LIVINGTRUST N4.810.00 % LMS2025S2 N100.000.00 % LOTUSHAL15 N33.400.00 % MANSARD N9.450.00 % MAYBAKER N7.750.00 % MBENEFIT [MRF] N0.610.00 % MCI2026S1 N100.000.00 % MCNICHOLS N1.800.00 % MECURE N13.900.00 % MEDVIEWAIR [DIP] N1.620.00 % MERGROWTH N387.000.00 % MERVALUE N150.000.00 % MEYER N9.250.00 % MORISON N3.610.00 % MRS N168.000.00 % MTNN N255.000.00 % MULTITREX [DWL] N0.360.00 % MULTIVERSE N10.050.00 % NAHCO N55.950.00 % NASCON N39.950.00 % NB N34.000.00 % NCR N7.300.00 % NEIMETH N2.900.00 % NEM N12.050.00 % NESTLE N975.000.00 % NEWGOLD N44300.000.00 % NGXGROUP N29.000.00 % NIDF N111.700.00 % NMR2027S3 N100.000.00 % NMR2030S1 N100.000.00 % NMR2033S2 N100.000.00 % NNFM N73.300.00 % NOTORE [BLS] N62.500.00 % NOVA2027S1 N100.000.00 % NPFMCRFBK N1.890.00 % NSLTECH N0.700.00 % NSP2031S2 N100.000.00 % NSP2034S1 N100.000.00 % OANDO N70.300.00 % ODB2027S1 N100.000.00 % OKOMUOIL N537.200.00 % OMATEK N0.800.00 % PBS2026S1 N100.000.00 % PHARMDEKO [MRF] N1.830.00 % PREMPAINTS [MRF] N10.000.00 % PRESCO N685.000.00 % PRESTIGE [BLS] N1.190.00 % PZ N22.300.00 % REDSTAREX N5.500.00 % REGALINS N0.710.00 % RONCHESS N81.000.00 % ROYALEX N0.990.00 % RTBRISCOE N2.700.00 % SCOA N3.670.00 % SEPLAT N5700.000.00 % SFSREIT N197.350.00 % SIAMLETF40 N694.000.00 % SIM2025S2 N100.000.00 % SKYAVN N43.500.00 % SMURFIT [MRF] N0.200.00 % SOVRENINS N1.200.00 % STACO [DIP] N0.480.00 % STANBIC N63.000.00 % STANBICETF30 N490.000.00 % STDINSURE [DIP] N0.200.00 % STERLINGNG N5.990.00 % SUNUASSUR N5.010.00 % TAJSUKS1 N100.000.00 % TANTALIZER N2.080.00 % THOMASWY [MRS] N1.850.00 % TIP N3.450.00 % TOTAL N670.000.00 % TRANSCOHOT N114.650.00 % TRANSCORP N53.600.00 % TRANSEXPR N2.000.00 % TRANSPOWER N349.800.00 % TRIPPLEG N2.230.00 % TSL2030S1 N100.000.00 % UACN N36.050.00 % UBA N38.000.00 % UBN [BMF] N6.650.00 % UBN2029S3 N100.000.00 % UCAP N22.900.00 % UCAP2025S1 N100.000.00 % UHOMREIT N36.600.00 % UNILEVER N37.800.00 % UNIONDAC [DIP] N0.280.00 % UNIONDICON [DWL] N7.500.00 % UNITYBNK [MRF] N1.510.00 % UNIVINSURE [MRF] N0.690.00 % UPDC [BLS] N2.360.00 % UPDCREIT N6.200.00 % UPL N5.040.00 % VANLEER [DIP] N5.450.00 % VERITASKAP N1.180.00 % VETBANK N11.750.00 % VETGOODS N17.900.00 % VETGRIF30 N38.950.00 % VETINDETF N41.000.00 % VFDGROUP N44.400.00 % VITAFOAM N34.350.00 % VSPBONDETF N250.000.00 % WAPCO N70.900.00 % WAPIC N2.490.00 % WEMABANK N11.350.00 % ZENITHBANK N50.300.00 %

Listing Requirements

To list on Nigerian Exchange (NGX), your company must meet minimum admission criteria, including structure, size, free float and number of shareholders. The NGX Rule Book sets out the requirements for listing on Nigerian Exchange. The table below provides a summary of the key requirements for listing equity on NGX.  For details of the listing requirements, please refer to the Rulebook of Nigerian Exchange.

Criteria​​​ Growth Board Main Board Premium Board Dual Listing
Entry Standard Standard A Standard B Standard C
Pre-tax profits No requirement No requirement Cumulative pre-tax profits from continuing operations of not less than NGN300 million over the last 3 years, with at least NGN100 million pre-tax profit in 2 of these years Cumulative pre-tax profits from continuing operations of not less than NGN600 million over the last 1 or 2 years No requirement Satisfy main board requirements No specific requirement
Market capitalization Not less than NGN50 million at the time of listing (based on the issue price and issued share capital) Not less than NGN500 million at the time of listing (based on the issue price and issued share capital) No requirement Not less than NGN4 billion at the time of listing (based on the issue price and issued share capital) Market cap equal to or greater than N200 billion, at the date of application. At least N28 billion or equivalent at the time of listing, based on the issue price and issued share capital
Operating track record 2 years minimum operating track record OR; a new business that can provide evidence of investment in it by: A core investor or a strong technical partner that has a minimum of two (2) years’ operating track record, or A majority shareholder who is either a High Net Worth individual or is a director of a listed company 2 years minimum operating track record OR; a new business that can provide evidence of investment in it by: A core investor or a strong technical partner who has a minimum of four (4) years’ operating track record, or A majority shareholder who is a High Net Worth individual 3 years minimum operating track record 3 years minimum operating track record; or evidence of 3 years minimum operating track record of a core investor Score a minimum of 70% under the NGX’s Corporate Governance Ratings System (CGRS) Company must have been in operation for at-least 2 years
Financials 2 years financials (date of last audited accounts must not be more than 9 months); or evidence of a strong technical partner with substantial equity holding and involvement in the Issuers’ management, who has a minimum of 2 years’ operating track record and financial statements 2 years financials (date of last audited accounts must not be more than 9 months); or evidence of a strong technical partner with substantial equity holding and involvement in the Issuers’ management, who has a minimum of 4 years’ operating track record and financial statements 3 years’ financial statements; with the most recent of which must not be more than 9 months old at the time of submission of the listing application 3 years financials (date of last audited accounts must not be more than 9 months); or evidence of a strong technical partner with substantial equity holding and involvement in the Issuers’ management, who has a minimum of 3 years’ operating track record and financial statements Satisfy other main board requirements Minimum of 2 years financials (date of last audited accounts must not be more than 9 months)
Public float The public shall hold a minimum of 10% of each class of equity securities The public shall hold a minimum of 15% of each class of equity securities The public shall hold a minimum of 20% of each class of equity securities Free float greater or equal to N40bn The public shall hold a minimum of 10% of each class of equity securities
Shareholders’ equity No specific requirement No specific requirement Not less than NGN3 billion. No requirement No specific requirement No specific requirement
IPO Lock Up Period Promoters and Directors to retain 5O% of shares for 12 months from the date of listing Promoters and Directors to retain 5O% of shares for 12 months from the date of listing Promoters and Directors to retain 5O% of shares Pre-IPO for 12 months from the date of listing Satisfy main board requirements No specific requirement
Public shareholders The number of the public shareholders shall not be less than 21 (for equity shares The number of the public shareholders shall not be less than 51 (for equity shares The number of the public shareholders shall not be less than 300 (for equity shares) Satisfy main board requirements The number of the public shareholders shall not be less than 51 (for equity shares
Annual listing fees Fixed flat rates as prescribed by the NGX (currently set at a total fee of NGN450 thousand for a new listing (i.e. Application fee for a new or additional listing of NGN250,000(50% Discount on application fees for the first 24months from launch date of the board); and an Annual fee of NGN200,000) Based on market capitalization; subject to a maximum amount as prescribed by the NGX fee schedule (Application fee  for a new or additional listing is 0.1% of value (50% Discount on application fees for the first 24months from launch date of the board) Based on market capitalization; subject to a maximum amount as prescribed by the NGX fee schedule (currently NGN4.2 million) Based on market capitalization; subject to a maximum amount as prescribed by the NGX fee schedule (currently NGN4.2 million) Subject to applicable listing Board fee schedule
Business operations Company must be registered as a Public Limited Liability Company under the provisions of the Companies & Allied Matters Act Company must be registered as a Public Limited Liability Company under the provisions of the Companies & Allied Matters Act Company must be registered as a Public Limited Liability Company under the provisions of the Companies & Allied Matters Act Company must be registered as a Public Limited Liability Company under the provisions of the Companies & Allied Matters Act Company must be registered as a Public Limited Liability Company under the provisions of the Companies & Allied Matters Act Company must be registered as a Public Limited Liability Company under the provisions of the Companies & Allied Matters Act No requirement for operations in Nigeria
Accounting standard International Financial Reporting Standards (IFRS); in line with SEC regulations
Allotment Securities to be fully paid up at time of allotment in line with SEC requirements for minimum threshold for a successful offer
Continuing obligation requirements of the NGX’s Listing, Disclosure & Transparency Rules Submission of quarterly, semi-annual and annual statements. Annual certification on adherence to corporate governance required. Companies must retain a Designated Adviser for as long as they are listed Submission of quarterly, semi-annual and annual statements. Annual certification on adherence to corporate governance required. Companies must retain a Designated Adviser for as long as they are listed Submission of quarterly, semi— annual and annual statements. Annual certification on adherence to corporate governance required. Submission of quarterly, semi— annual and annual statements. Annual certification on adherence to corporate governance required. Waived from having to comply with continuing listing obligations if listed on another foreign stock exchange with WFE status. Companies require a resident nominated representative for as long as they are listed.
Growth Board

Ideal for small-cap and growth-oriented companies looking to raise capital and promote liquidity in the trading of their shares

Main Board

Our founding board designed for well-established companies with a demonstrable record of accomplishment

Premium Board

The listing segment for the elite group of issuers that meet the Exchange’s most stringent corporate governance and li​sting

A customer centric focus

Maximising the benefits of an NGX listing through active relationship management is at the heart of our retention efforts.

Enjoy the full complement of our Value Added Services. NGX partners with local and international service providers to deliver solutions aimed at creating competitive edge for issuers, and improving investor interest in our market.

Be a part of the NGX Sectoral Dinner, a platform that ensures continuous dialogue with key stakeholders and provides strategic solutions to sectoral issues, for follow up implementation in our capital market advocacy role.

Celebrate your listing and key milestones with the NGX gong ceremony with adequate traditional and digital media coverage from both domestic and international media outlets on our floor.

Share your financial story with the highly engaged audience including, investors, brokers, analysts, fund managers, media, etc.

Total Listed Securities

Total Market Cap

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Primary Market Department​
Nigerian Exchange
  • 2-4 Customs Street, Lagos
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