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NG Clearing

Project Name:

  • NG Clearing Limited

Project Sector:

  • Financial Services

Project Sponsors:

  • Nigeria Exchange Group Plc, Central Securities Clearing System

Commencement Date / Closure Date / Completion Date

  • 24 May 2016

Project Location (Region or State):

  • Lagos, Nigeria

Project Description:

  • NG Clearing is positioned to serve as a market-wide clearing infrastructure positioned to clear derivatives and commodities securities executed on all trade venues in the Nigerian capital market.

Benefits / Impact (Social, Economic & Others):

  • NG Clearing will strengthen the country’s investment environment through solutions that systematically reduce risks, enhance operating efficiency, and minimize costs for all market participants, thereby, serving as a catalyst to national development.

 

Funding structure:

  • Equity

NSIA’s interest:

  • N1,059,500,000 (16.5%)

Partners:

  • Nigeria Sovereign Investment Authority, Access Bank Plc, Consonance Kuramo Special Opportunities Fund I, Coronation Merchant Bank Limited, Greenwich Trust Limited, Union Bank Plc, United Bank for Africa Plc, Association of Stockbroking Houses of Nigeria and Wharf Street Investment Limited.