NGX Brokerage Calculator

Calculate all fees and charges on your NGX stock trades including SEC, CSCS, stamp duty, VAT, and broker commission. Figures are estimates only.

Buy Price per Share

₦

0.505000.00

Sell Price per Share

₦

0.505000.00

Quantity (Shares)

100100,000

Broker Commission Rate

0.53.0

Fee Breakdown

FeeBuy SideSell Side

Commission (1.5%)₦750₦975

SEC Fee (0.3%)₦150₦195

CSCS Fee (0.3%)₦150₦195

Stamp Duty (0.075%)₦38₦49

VAT (7.5% on comm.)₦56₦73

Total Fees₦1,144₦1,487

Trade Summary

Total Fees (Buy + Sell)

₦2,631

Net Profit/Loss

₦12,369

Gross P&L₦15,000

Disclaimer

This calculator is for educational and illustrative purposes only. It does not constitute financial, investment, or tax advice. Results are estimates based on the inputs you provide and may not reflect actual returns. Consult a qualified financial advisor before making any investment decisions.

Frequently Asked Questions

NGX trades attract several statutory fees: SEC fee (0.3% of trade value), CSCS fee (0.3% of trade value), stamp duty (0.075% of trade value), and VAT (7.5% on broker commission). These are in addition to the broker's commission.

Full-service brokers typically charge 1-2% commission on the trade value. Discount brokers may charge lower rates, sometimes as low as 0.5%. Commission rates vary by broker and are negotiable for larger trades.

As of the Finance Act 2021, capital gains from the disposal of shares on the Nigerian Stock Exchange are subject to a 10% capital gains tax on gains exceeding ₦100 million in a calendar year. Gains below this threshold are exempt.

Yes, statutory fees (SEC, CSCS, stamp duty) and broker commission apply to both buy and sell transactions. VAT is charged on the broker commission for each transaction.

The Central Securities Clearing System (CSCS) is Nigeria's central securities depository. It maintains records of share ownership and facilitates the clearing and settlement of stock exchange transactions. The CSCS fee covers its services.