Library / B 855 Federal Republic of Nigeria Official Gazette No. 88

B 855 Federal Republic of Nigeria Official Gazette No. 88

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B 885
FIFTH   SCHEDULE
[regulation 5(1) (e)]
GAS  TRADING  AND  SETTLEMENT
TABLE  1
   S. No.
Activity
Application Fee
1.
Gas Trading Licence
USD 100,000
2.
Clearing House Authorisation
USD 100,000
TABLE  2
   S./N
Activity
Annual Administrative Charges
1.
To be paid by the Gas Exchange
2.
To be paid by the Clearing House
(a) USD 100,000 or 20% of the exchange commission
on value of transaction, excluding taxes, during the
relevant financial year, whichever is higher ; and
(b) 20% of the application or renewal fee, paid by
members of the exchange, excluding taxes, during
the relevant financial year.
USD 50,000 or 20% of the commission, excluding taxes,
during the relevant financial year, whichever is higher.