Nigerian Stockbrokers Limited (‘NSL’) was incorporated as the first stockbroking firm in Nigeria on 26th September 1960. Prior to the implementation of the Nigerian Enterprise Promotion Act 1972 (‘Indigenisation exercise’) NSL was wholly owned and managed by Financial Holdings Nigeria Limited (‘FHNL’). Following the Indigenisation exercise, the interest of FHNL was transferred to some Nigerian citizens and association. NSL is, therefore, a wholly owned Nigeria company.
