By investadvocate

Lagos (INVESTADVOCATE) – 20 Firms have so far complied and has met the required Capital to remain in business as Dealing Member firms on the Floor of the Nigerian Stock Exchange (NSE).InvestAdvocate gathered Thursday March 22 2011 from the Nigeria’s Exchange.

Alangrange Securities Limited is the latest firm to comply with the Nigeria’s Exchange directives for Dealing Member Firms with inadequate Capital to shore same up.

As at Tuesday February 22 2011, the figure was reported as 19 that has complied with the NSE’s directives for such operators at the Nation’s Stock Exchange to meet up the required Capital to enable them continue to operate in their licensed roles.

With the compliance of Alangrange Securities, the figure has now risen to 20.

As earlier reported, on Tuesday January 18 2011 of 57 Stockbroking Firms were placed on suspension by the NSE for inadequate shareholders Funds and subsequently, NSE came up with another list of 50 announced on January 27 2011 for similar reason.

Among the firms that have met the required Capital include, Afrinvest West Africa Limited, BGL Securities Limited, Cowry Asset Management Limited, Cashville Investment & Securities Limited, DBSL Securities Limited, De- Lords Securities Limted, First Inland Securities and Asset Management Limited, Hedge Securities & Investment Company Limited, Independent Securities Limited, Sigma Securities Limited, Valmon Securities Limited and Intercontinental Securities Limited.

Others are Nigeria Stockbrokers Limited, PIPC Securities Limited, Quantum Securities Limited, Securities Solutions Limited, Yobe Investment & Securities Limited, Capital Bancorp Limited and Vetiva Securities Limited.