Capitalisation: NSE Release Names of 58 Stock Firms Banned From Trading

Source: THEWILL. -
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SAN FRANCISCO, Jan 19, (THEWILL) – The NSE today released the names of 58 stock brokerage firms suspended from trading at the stock exchange following their inability to increase their capital base to N70 million. The suspension order was issued yesterday (Tuesday).

Notable on the list are Diamond Securities, Intercontinental Securities, BGL Securities Limited and Afrinvest West Africa Limited.

Midas Stockbrokers Limited was removed from the list because according to the NSE, it failed to notify it that it had stopped operating as a dealer. Midas would only operate as a broker, which only requires a capital base of N30 million.

The companies suspended are as follows:
Adamawa Securities
Alangrange Securities Limited
Belfry Investment and Securities Limited
Calyx Investment and Securities Limited
Cardington Securities Limited
Cashville Investment and Securities Limited
Century Securities Limited
Colvia Securities Limited
Consolidated Investment Limited
Cowry Asset Management Limited
Dakai Securities Limited
DBSL Securities Limited
De-lords Securities Limited
Dependable Securities Limited
Empire Securities Limited
Enterprise Stockbrokers Plc
ESS Investment and Trust Limited
Eurocomm Securities Limited
Express Discount Asset Management Limited
FBC Trust and Securities Limited
First Inland Securities and Asset Management Limited

First Allstate Securities Limited
First Equity Securities Limited
FIS Securities Limited
Genesis Securities and Investment Limited
Heartbeat Investment Limited
Hedge Securities & Investment Co. Limited
Independent Securities Limited.
Lion Stockbrokers Limited
MBL Financial Services Limited
Midland Capital Markets Limited
Molten Trust Limited
Nigerian Stockbrokers Limited
Peninsula Asset Management And Investment Company Ltd

Perfecta Investment Trust Limited PIPC Securities Limited

Pivot Trust & Investment Company Ltd
Professional Stockbrokers Limited
Quantum Securities Limited
Rostrum Investment & Securities Limited
Securities Solutions Limited
Securities Trading & Investment Limited
Sigma Securities Limited
Sikon Securities & Investment Limited
Supra Commercial Trust Limited
Support Services Limited
TFS Securities & Investment Co. Limited
Valmon Securities Limited
Vision Trust & Investment Limited
Wizetrade Cap & Asset Mgt Limited
Yobe Investment & Securities Limited.