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Summary
of Fee Structure in The Primary Market of The Nigerian Capital Market
Year |
2000 |
2001 |
2002 |
2003 |
2004 |
%
Change Points 2003/04 |
No
of Issues Surveyed |
39.00 |
18
|
16 |
20 |
15 |
(25.00) |
Total
Cost of Issues (N'M) |
1,856.01 |
1,862.96
|
1,598.64 |
1,121.33 |
4,062.53 |
262.30
|
Average
Cost of Issues (N'M) |
47.59 |
103.50 |
99.92 |
56.07 |
270.84 |
|
Gross
Proceeds (N'M) |
45,587.79 |
32,722.03
|
27,449.29 |
20,045.07 |
72,913.30 |
263.75
|
Total
Cost as % of Gross Proceeds |
4.07 |
5.69 |
5.82 |
5.59 |
5.57 |
(0.40) |
Made up of:- |
||||||
Fees
to Regulatory Authorities |
1.37 |
1.58
|
2.11 |
2.07 |
1.81 |
(12.56) |
i. SEC (%) |
0.69 |
0.70
|
0.62 |
0.82 |
0.64 |
(21.95) |
ii. NSE (%) |
0.50 |
0.56
|
1.90 |
0.96 |
1.00 |
4.17
|
Fees
to Market Operators |
2.06 |
3.20
|
2.60 |
2.73 |
2.24 |
(17.95) |
Fees
to Professionals |
0.16 |
0.16
|
0.18 |
0.18 |
0.14 |
(22.22) |
Publicity/Marketing |
0.48 |
0.75
|
0.93 |
0.61 |
1.11 |
81.97
|
TOTAL |
4.07 |
5.69 |
5.82 |
5.59 |
5.30 |
(5.19) |
Year |
Cost
of issues |
Amount
Capitalised |
| 2000 | 1,856.01 | 43,731.78 |
| 2001 | 1,862.96 | 30,859.07 |
| 2002 | 1,598.64 | 25,850.65 |
| 2003 | 1,121.33 | 18,923.74 |
| 2004 | 4,062.53 | 68,850.77 |