The Nigerian Stock Exchange, NSE, weekend, announced the revocation of licences of 10 dealing member firms (stock broking firms).This was contained in a circular number BDR/CIR/1/AAA/02/12 to all dealing members firms.Amongst the firms whose licences as at February 10 2012 were revoked included: Apex Securities Limited, Asset Plus Securities Limited, Beachgroove Securities Limited, Broadeage Securities Ltd and IMB Morgan PLC (Morgan Trust Ltd).Others are Jenkins Investment Limited, Prudent Stockbrokers, Source Finance & Trust, Thomas Kinsley Securities Limited and Viva Securities Limited.Apart from the 10 dealing member firms whose licences were revoked, 48 dealing member firms were declared as inactive, while 27 were declared unactivated.However, no reason was given in the circular why the licenses of the dealing members fell into the category for which they were listed.Some of the names of dealing members declared inactive include: AAA Securities Limited, Adamawa Securities Limited, Belfry Investment & Securities Limited, BIC Securities Limited, CEB Securities Limited, Colvia Securities Limited, Consolidated Investment Limited, Dakal Services Limited, Dependable Securities Limited, Empire Securities Limited, Express Discount Asset Management Limited, Epic Investment Trust Limited. Equator Stockbrokers Limited, First & Foremost Investment Limited, First Atlantic Securities Limited, Folu Securities Limited, FIS Securities Limited, Genesis Securities & nvestment Limited (Ibadan), HALSEC Finance, Ideal Securities Limited.Others are : Indemnity Finance Ltd, Lion Stockbrokers Limited,23Metropolitan Trust Nigeria Limited ,Midland Capital Markets Limited, Midlands Investment & Trust Limited, Molten Trust Limited, ML Securities Ltd, Perfecta Investment & Trust Limited, Pivot Trust & Investment Co. Limited, Professional Stockbrokers Limited , Regency Finance Ltd, RIV Trust Securities Limited, Riverside Trust Limited (Kaduna), Securities Trading & Inv. Co., Sikon Securities and Investment Trust Limited.