Newdevco Investments & Securities Company Limited is a stockbroking firm and a subsidiary of Gamzaki Transnational Limited. The company was incorporated on January 11, 1978 but commenced operation in 1979 at Church House, No. 29 Marina Street, C. M. S. Lagos.
The organization is a member of Nigerian Stock Exchange (NSE) and a shareholder of Central Securities Clearing System (CSCS) and is licensed to provide the following services among others.
- Financial and advisory services
- Capital Market Ooperations (Primary & Secondary Markets)
- Fixed Securities Trading – Treasury Bills & Bonds
OUR TRACK RECORD AND EXPERIENCE
Since 1979, we have been registered with both Securities and Exchange Commission (SEC) and The Nigerian Stock Exchange (NSE) as Financial and Investment Advisers, Broker/Dealer.
In these close to four decades of our operations, Newdevco has been able to make landmark achievements in the capital market – both primary and secondary markets. In the Secondary Market for instance our Company is among the top few dealers on the floor of the NSE in terms of turnover and market activity.
We were stockbroking consultants to the Bureau of Public Enterprises (BPE) and Stallion Property and development Co. Ltd. Our relationship with BPE dates back to 1993 when it was referred to as TCPC – Technical Committee on Privatization and Commercialization. We participated in the valuation of Stallion Property’s Share Price. In addition to the BPE assignments, we have also participated as either Financial Adviser or Stockbroker to the following issues some of which are IPOs (Initial Public Offers):
Privatization of First Bank of Nigeria Plc – TCPC – 1993
Privatization of Onigbolo Cement Co - Republic of Benin - TCPC - 1994
Unipetrol now Oando Rights Issue - 1995
Privatization of Unipetrol now Oando – BPE – 2000
N5.0 billion Bauchi Tourism Development Bond 2007
Fidelity Bank Plc – 2005
We are one of the twelve Stockbroking firms appointed by BPE to sell 750 million shares of Afribank on the floor of the Nigerian Stock Exchange (NSE). 2007 .The assignment was successfully executed. - 2006
Dvcf Oil & gas Ltd. offer - 2006
Transcorp Private placement-2006
Transcorp Public offer - 2007
Unity Bank reconstruction - 2006
We are also one of the Stock brokers to the FBN Right Issue and Public offer -2007.
Our major shareholders are NNDC and Gamzaki Transnational Corporation – reputable institutional investor and financial institution. We also act as their investment adviser.
Being one of the oldest surviving stockbroking outfits in the country, we have a reservoir of goodwill and experience spanning close to four decades to our credit.
We have the requisite technology and staff to provide you with superior service delivery fast and at a competitive price. Among our galaxy of qualified staff are chartered stockbrokers and other Professionals in the financial industry.
We have excellent relationship with all the regulatory authorities largely due to our long-spanning fraud-free operations in the capital market.
Our operations are flexible and tailored to meet the client’s expectations.
Our clientele base is relatively large and spread uniformly across the country.
Our track record in both the primary and secondary market operations is legendary. We trade everyday all the year round including during nation-wide strikes as long as the NSE trading floors are open. This is because we have committed stockbrokers and a trading booth solely operated by us and we equally trade remotely from the office. We are therefore current about the market always.