Do you know that the Securities and Exchange Commission has licensed three(3) additional exchanges in Nigeria. The three new exchanges are;

1. NASD: This was setup to provide a trading platform for the trading of unquoted companies such as Indomie, Fan Milk, Consolidated Brewies, etc..

2. FMDQ: This was setup to provide trading platform for trading of short term instruments such as treasury bills, Bonds, Banks notes etc..

3. NCX: This was setup to provide trading platform for the trading of commodities such as Cocoa, Groundnut etc. It uses the concept of Ware-houses.

This newly licensed exchanges has made the sum total of exchanges in Nigeria to four(4) including the Nigerian stock exchange. The SEC licensed these entities to fill a vacuum that has been present in the Nigerian Capital Market from time immemorial. This exchanges are categorized as seperate markets and any investor can choose to play in any of this markets depending on your level of appetite for investments. Stockbrokers now have a diversified playing ground for equities trading and brokerage at large.