Mission Securities Ltd ’ professional fees:
Our fees are the commission we receive from buying and selling of shares, and other minor charges on other services. The following are the statutory charges for the purchase and sale of shares on The Nigerian Stock Exchange:
Costs Relating to ‘BUY’ Transactions:
CSCS Fee 0.06% of Consideration VAT on CSCS 0.003% (5% of CSCS Fee ) Stamp Duties 0.075% of Consideration SEC Fee 0.3% of Consideration Brokerage Commission 1.35% of Consideration VAT on Brokerage 0.0675% (5% of Brokerage Commission) TOTAL 1.8555%
Costs Relating to ‘SELL’ Transactions:
CSCS Fee 0.36% of Consideration VAT on CSCS 0.018% (5% of CSCS Fee) Stamp Duties 0.075% of Consideration NSE Fee 0.3% of Consideration VAT on NSE 0.02% (5% of NSE Fee) Brokerage Commission 1.35% of Consideration VAT on Brokerage 0.0675% (5% of Brokerage Commission) TOTAL 2.1855%
N.B: It is only the broker’s commission that is negotiable and this largely depends on the volume and frequency of trade.