Nigerian Stockbrokers Limited ("NSL, The Company") was incorporated as the first stockbroking firm in Nigeria on 26th September 1960 . Prior to the implementation of the Nigerian Enterprises 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 associations. NSL is, therefore, a wholly owned Nigeria company.
NSL was registered in Nigeria as a private limited liability company under the companies Act, 1968. It obtained its Dealing Licence on 2 nd May 1961 and thereby became the first registered Dealing Member of The Nigerian Stock Exchange (The Exchange).