NG Clearing Limited (“NG Clearing” the “Company”) was initially incorporated at the Corporate Affairs Commission (“CAC”) on 24th May 2016 as NGX Clearing Limited and changed its name to NG Clearing Limited on October 4, 2016.
NG Clearing was established by its Promoters, The Nigerian Exchange Group Plc (formerly the Nigerian Stock Exchange) and Central Securities Clearing System Plc, and has other shareholders including Access Bank Plc, Nigeria Sovereign Investment Authority, 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.
NG Clearing is licensed by the Securities and Exchange Commission (SEC Nigeria) to operate as a Central Counterparty Clearing House (“CCP”), a market-wide financial market infrastructure in Nigeria.
Why are we here?
NG Clearing is here to support the acceleration of the growth and development of the Nigerian capital market as the “gateway to African Markets”. Having NG Clearing as a CCP positions the Nigerian capital market as a leader amongst its peers in the emerging markets as we facilitate greater market transparency, increased trading volumes and overall improvement of the efficiency and competitiveness of the Nigerian capital market.
We are here to deepen Nigeria’s capital market through the introduction of a standardized clearing platform for derivatives and other financial instruments. NG Clearing is established to reduce risk in the Nigerian financial system through a robust loss mitigation mechanism.
What we do
In line with the foregoing, NG Clearing provides CCP services in the Nigerian capital market as the company interposes itself in financial transactions by becoming the buyer to the seller and the seller to the buyer, thereby, guaranteeing the successful execution of derivatives and other trades from various trade points and managing all the risks associated with derivatives and CCP transactions in Nigeria.
We also facilitate the availability of alternative investment options for knowledgeable local and foreign investors seeking a diversified portfolio within the Nigerian capital market.
We lead from a position of trust, openness, and transparency. Our people are authentic and adhere to the highest level of ethics. We believe in doing what is right and will never compromise our values in pursuit of business performance and success.
We are focused on our customers and are proactive in ensuring that we anticipate, respond and adapt to their needs through the delivery of simple, relevant and innovative solutions
We pursue excellence, constantly raising the bar on our previous exceptional performance and achieving outstanding results for our clients, our shareholders, and our company.
We actively build a diverse, inclusive, and collaborative work environment, creating synergy through a sense of “togetherness” that is fostered by mutual communication, partnership and cooperation within and outside the company. We are proud of what we do and how we do it—and we enjoy doing it!