In furtherance of its sustained efforts to encourage investors in the Nigerian capital market for more investments, the Securities and Exchange Commission (SEC) on Monday advised investors to make comments or inputs on the just issued new fees for the registration of existing fixed income securities, including dual listings.
Under the new fees regime, the first N500 million will attract 0.015% fee; the next N50 million would be at 0.0113% while the balance above N1 billion will be at 0.0075%. The total fees payable is subject to a maximum cap of N100 million.
The capital market regulator stated that the new fees’ notice was aimed at providing clarity on applicable fees on registration of existing fixed income securities for domestic issuers and registration of issued fixed income securities for issuers that intend to dual list.
According to the SEC, the introduction of a cap serves as an incentive to attract big ticket issues for listing in the Nigerian market.
It, therefore, advised that all comments and input on the latest fees should be forwarded by e-mail to the Secretariat, Rules Committee of the Commission or by letter addressed to the Director-General, SEC, not later than two (2) weeks from date of publication.