30 MINUTES DELAYED DATA: ABB2026S0 N100.000.00 % ABBEYBDS N2.640.24 % ABC2027S0 N100.000.00 % ABCTRANS N1.13-0.04 % ACADEMY N2.790.00 % ACCESSCORP N23.950.75 % ADV2028S1A N100.000.00 % ADV2031S1B N100.000.00 % AFRINSURE [MRF] N0.200.00 % AFRIPRUD N9.900.90 % AFROMEDIA [MRF] N0.240.00 % AIICO N1.220.02 % AIRTELAFRI N2156.900.00 % ALEX [BLS] N7.150.00 % ARADEL N517.000.00 % ARBICO N1.030.00 % ASOSAVINGS [DWL] N0.500.00 % AUSTINLAZ [RST] N1.990.03 % AVAIF N1000000.000.00 % AXA2027S1 N100.000.00 % BAPLC N6.250.00 % BAU2021S1 N100.000.00 % BERGER N17.350.00 % BETAGLAS N49.00-0.65 % BUA2027S1 N100.000.00 % BUACEMENT N95.000.00 % BUAFOODS N394.900.00 % CADBURY N21.300.00 % CAP N37.500.00 % CAPHOTEL [BLS] N3.020.00 % CAPOIL [DIP] N0.200.00 % CAVERTON N1.84-0.06 % CHAMPION [BLS] N3.970.26 % CHAMS N1.99-0.01 % CHELLARAM N3.700.00 % CHIPLC N1.090.00 % CIL2028S2 N100.000.00 % CILEASING N4.150.16 % CMB2025S1 N100.000.00 % CONHALLPLC N2.150.15 % CONOIL N276.000.00 % CORNERST N2.650.09 % CSF2025S1 N100.000.00 % CUSTODIAN N12.80-0.15 % CUTIX N2.30-0.05 % CWG N5.950.00 % DAARCOMM N0.60-0.01 % DAN2026S1TB N100.000.00 % DAN2027S2TA N100.000.00 % DAN2028S1TC N100.000.00 % DAN2029S2TB N100.000.00 % DAN2032S2TC N100.000.00 % DANGCEM N478.800.00 % DANGSUGAR N34.90-0.10 % DCM2025S1 N100.000.00 % DEAPCAP [DWL] N1.080.02 % DIF2029S1TA N100.000.00 % DIF2032S1TB N100.000.00 % DIF2032S2 N100.000.00 % DUNLOP [DIP] N0.200.00 % EKOCORP [BMF] N5.800.00 % ELLAHLAKES N3.530.28 % ENAMELWA N19.300.00 % EPF2026S1 N100.000.00 % ETERNA N22.751.95 % ETI N25.500.00 % ETRANZACT [BLS] N6.75-0.75 % EUNISELL N19.270.00 % FBNH N25.50-0.80 % FBQ2030S2 N100.000.00 % FCMB [MRF] N9.00-0.20 % 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 N73.710.00 % FG112034S2 N73.710.00 % FG132026S1 N93.000.00 % FG132026S1 N93.000.00 % FG132036S2 N25.000.00 % FG132036S2 N25.000.00 % FG142027S1 N70.000.00 % FG142027S1 N70.000.00 % FG142037S2 N89.600.00 % FG142037S2 N89.600.00 % FG152025S2 N102.890.00 % FG152025S2 N102.890.00 % FG152028S1 N100.000.00 % FG152028S1 N100.000.00 % 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 N92.100.00 % FG192053S3 N92.100.00 % FG202027S3 N102.230.00 % FG202027S3 N102.230.00 % FG202029S5 N96.330.00 % FG202029S5 N96.330.00 % FG202031S1 N87.000.00 % FG202031S1 N87.000.00 % FG202033S6 N98.900.00 % FG202033S6 N98.900.00 % FG202034S2 N95.740.00 % FG202034S2 N95.740.00 % 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 % FGS202408 N40.050.00 % FGS202431 N90.000.00 % FGS202510 N100.000.00 % FGS202512 N80.000.00 % FGS202514 N70.000.00 % FGS202516 N100.630.00 % FGS202518 N90.000.00 % 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 % FGS202533 N100.000.00 % 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 N60.000.00 % 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 N99.000.00 % FGS202652 N60.000.00 % FGS202654 N100.000.00 % FGS202656 N100.000.00 % FGS202657 N82.580.00 % FGS202659 N80.000.00 % FGS202661 N100.000.00 % FGS202663 N100.000.00 % FGS202665 N100.000.00 % FGS202667 N100.000.00 % FGS202669 N100.000.00 % FGS202671 N100.000.00 % FGS202673 N100.000.00 % FGS202675 N100.000.00 % FGS202758 N50.000.00 % FGS202760 N50.000.00 % FGS202762 N100.000.00 % FGS202764 N100.000.00 % FGS202766 N95.00-50.00 % FGS202768 N145.000.00 % FGS202770 N80.000.00 % FGS202772 N100.000.00 % FGS202774 N100.000.00 % FGS202776 N100.000.00 % FGSUK2025S2 N97.000.00 % FGSUK2027S3 N70.000.00 % FGSUK2031S4 N87.000.00 % FGSUK2032S5 N100.000.00 % FGSUK2033S6 N100.000.00 % FHSUK202801 N100.000.00 % FHSUK202902 N100.000.00 % FID2031S1 N100.000.00 % FIDELITYBK N15.550.25 % FIDSON N15.400.00 % FLOURMILL N81.500.40 % FMN2025S3B N100.000.00 % FMN2026S1 N100.000.00 % FMN2029S2 N100.000.00 % FTNCOCOA [RST] N1.77-0.16 % GEREGU N1150.000.00 % GOLDBREW [BLS] N3.700.00 % GOLDINSURE [DIP] N0.200.00 % GREENWETF N540.000.00 % GTCO N52.50-0.45 % GUINEAINS N0.510.01 % GUINNESS N62.000.00 % HMCALL [BLS] N6.450.25 % HONYFLOUR [BLS] N4.45-0.28 % IAO2026S1 N100.000.00 % IKEJAHOTEL N7.450.00 % IMG N37.950.00 % INFINITY [BLS] N7.000.00 % INTBREW [BLS] N4.100.10 % INTENEGINS [RST] N1.360.00 % JAIZBANK N2.35-0.05 % JAPAULGOLD N2.240.03 % JBERGER N172.500.00 % JOHNHOLT N8.920.00 % 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 N2.330.20 % LASUK2030S2 N100.000.00 % LEARNAFRCA N3.320.00 % LFZ2041S1 N100.000.00 % LFZ2042S2 N100.000.00 % LINKASSURE N0.950.02 % LIVESTOCK N3.50-0.01 % LIVINGTRUST N3.000.00 % LMS2025S2 N100.000.00 % LOTUSHAL15 N21.000.00 % MANSARD N7.040.00 % MAYBAKER N7.650.00 % MBENEFIT [MRF] N0.610.00 % MCI2026S1 N100.000.00 % MCNICHOLS N1.400.00 % MECURE N11.450.00 % MEDVIEWAIR [DIP] N1.620.00 % MERGROWTH N400.000.00 % MERVALUE N189.00-21.00 % MEYER N7.670.00 % MORISON N4.450.00 % MRS N132.000.00 % MTNN N170.000.00 % MULTITREX [DWL] N0.360.00 % MULTIVERSE N5.900.00 % NAHCO N37.200.20 % NASCON N32.400.00 % NB N28.101.10 % NCR N4.27-0.47 % NEIMETH N2.180.00 % NEM N8.600.10 % NESTLE N850.000.00 % NEWGOLD N30000.000.00 % NGXGROUP N25.100.00 % NIDF N111.700.00 % NMR2027S3 N100.000.00 % NMR2030S1 N100.000.00 % NMR2033S2 N100.000.00 % NNFM N33.750.00 % NOTORE [BLS] N62.500.00 % NOVA2027S1 N100.000.00 % NPFMCRFBK N1.50-0.07 % NSLTECH N0.600.05 % NSP2031S2 N100.000.00 % NSP2034S1 N100.000.00 % OANDO [MRF] N64.50-0.45 % ODB2027S1 N100.000.00 % OKOMUOIL N336.100.00 % OMATEK N0.620.01 % PBS2026S1 N100.000.00 % PHARMDEKO [MRF] N1.830.00 % PREMPAINTS [MRF] N10.000.00 % PRESCO N450.000.00 % PRESTIGE [BLS] N0.78-0.02 % PZ N24.102.05 % REDSTAREX N4.900.00 % REGALINS N0.460.00 % RONCHESS N81.000.00 % ROYALEX N0.620.00 % RTBRISCOE N2.500.00 % SCOA N2.060.00 % SEPLAT N5300.000.00 % SFSREIT N179.450.00 % SIAMLETF40 N839.990.00 % SIM2025S2 N100.000.00 % SKYAVN N26.000.00 % SMURFIT [MRF] N0.200.00 % SOVRENINS N0.800.07 % STACO [DIP] N0.480.00 % STANBIC N54.000.00 % STANBICETF30 N396.000.00 % STDINSURE [DIP] N0.200.00 % STERLINGNG N4.80-0.08 % SUNUASSUR N4.250.35 % TAJSUKS1 N100.000.00 % TANTALIZER N1.260.11 % THOMASWY [MRS] N1.910.00 % TIP N2.17-0.08 % TOTAL N673.900.00 % TOURIST [DIP] N2.500.00 % TRANSCOHOT N106.000.00 % TRANSCORP N43.700.20 % TRANSEXPR N1.230.00 % TRANSPOWER N359.900.00 % TRIPPLEG N1.880.00 % TSL2030S1 N100.000.00 % UACN N22.55-0.15 % UBA N33.100.40 % UBN [BMF] N6.650.00 % UBN2029S3 N100.000.00 % UCAP N17.15-0.35 % UCAP2025S1 N100.000.00 % UHOMREIT N36.600.00 % UNHOMES [DIP] N3.020.00 % UNILEVER N26.650.00 % UNIONDAC [DIP] N0.280.00 % UNIONDICON [DWL] N8.000.00 % UNITYBNK [MRF] N1.510.00 % UNIVINSURE N0.330.00 % UPDC [BLS] N1.510.02 % UPDCREIT N5.150.00 % UPL N3.600.00 % VANLEER [DIP] N5.450.00 % VERITASKAP N1.210.01 % VETBANK N10.200.00 % VETGOODS N16.300.00 % VETGRIF30 N38.500.00 % VETINDETF N45.000.00 % VFDGROUP N44.504.00 % VITAFOAM N23.500.00 % VSPBONDETF N207.010.01 % WAPCO N63.805.80 % WAPIC N1.00-0.03 % WEMABANK N8.750.00 % ZENITHBANK N44.700.20 %

Securities Lending & Shortselling

Securities lending

Securities lending is the market practice of temporarily transferring securities, for a fee, from their holder (the lender) to another party (the borrower), with the borrower agreeing to return the securities to the lender either on-demand or at the end of the agreed loan term. This practice usually requires the borrower to collateralize the transaction with cash or other securities of a value equal to or greater than that of the lent securities, in order to protect the lender against counterparty credit risk. ​

Securities lending plays an important role in capital markets by providing liquidity, which in turn reduces the cost of trading and promotes price discovery. ​ Global Master Securities Lending Agreement (GMSLA) and its Nigerian Addendum is the standard contract document that binds lender and borrower in a Securities Lending arrangement.​​​​​

Resources
See chapter nine of the NGX RULEB​OOK for Securities Lending guidelines.​​

Short Selling

Short selling, or “shorting,” is the practice of selling securities that the seller does not currently own, and subsequently repurchasing them (“covering”). If a broker has sold securities short, it must borrow those securities in order to fulfil its settlement obligation in the securities settlement system. ​

The short-seller hopes to profit from a decline in the price of the assets between their sale and repurchase, as, in that scenario, the seller will pay less to buy the assets than it received when selling them. On the other hand, the short-seller will incur a loss if the price of the assets rises, as it will have to buy them at a higher price than it sold them. There is no theoretical limit to the loss that a short seller can incur. ​

Short selling is a legitimate trading strategy on the floor of NGX, provided that, prior to initiating a trade on a security, that security has been borrowed and is in the account of the seller. Naked short selling – the practice of selling shares a broker does not own without borrowing them or making arrangements to borrow them – is banned for all participants on NGX.

Resources
See chapter three of the NGX RULEB​OOK  for more information on Short Selling.​