Nigerian stock exchange index chart

Nigerian stock exchange index chart

By: shurup Date of post: 07.06.2017

March 27, by Ryan Hoover Comments. But first things first. I need a Nigerian brokerage account. So, how exactly do I go about opening one? Because there are brokers licensed to trade on the Nigerian Stock Exchange. I narrowed this list down by visiting each of their websites. I admit this was a totally subjective process that may have excluded some fine brokers, but I needed to start somewhere.

I then emailed all brokers that survived my initial website evaluation — a few dozen in all. I asked each broker if they catered to foreign investors, how much they required to open an account, and what documentation was necessary. I found nine brokers with reasonable account minimums to be particularly helpful and responsive. Each broker below responded to my initial query within one business day.

Commissions and fees are assessed on a sliding scale that is standard across all brokers. For larger transactions, commissions and fees total 1. The Central Securities Clearing System CSCS records the ownership of Nigerian securities via electronic accounts. When you ask a broker to open a trading account, they will send you a copy of the CSCS Account Opening Form sample from ARM Securities here.

You will then be assigned a CSCS account number. This number will accompany every Nigerian stock trade you execute, allowing the CSCS to keep record of all your holdings in the country. After your first email to the broker requesting information on how to open an account, they will also send you a blank account opening form.

Sample forms from each broker may be found in the above table. The form typically requires disclosure of your passport number or other ID number, your address, and banking details.

They always seem to come in handy. Most brokers require a water or electricity bill dated within the most recent three months. You may email photocopies of all documents to your broker to get a head start on the account opening process, but they must eventually receive the original documentation. And do yourself a favor by sending it via a courier like DHL or FedEx.

After opening your trading account, your broker will provide you with its bank details so that you can fund your account. The most efficient way to do this is via wire transfer. While some brokers will request a signed trade mandate form, for most brokers, all you need to do is send an email to your broker with your trade instructions.

Keep in mind that some shares on the Nigerian Stock Exchange are rather illiquid, so I advise specifying a limit price for all of your orders. This will help you avoid paying significantly more for your shares than you had intended to pay. Your broker will then execute your trade and send you a contract note that specifies the buy or sell price, commissions, and fees. Collecting dividends from Nigerian stocks is relatively painless.

Upon opening your account, simply instruct your broker in writing that you would like all dividends paid on your holdings to be deposited directly into your trading account. The process of opening a foreign brokerage account can be confusing. How to Invest in AfricaNigerian Stock ExchangeStockbrokers.

May 21, at 4: I have 50, and i want to invest,how do i get in touch with a stockbroker and will it be enough to start. May 22, at Hi Emmanuel, The chart in the post indicates two brokers who reported that they would open a trading account for N50, — Chapel Hill Denham and Lead Capital.

You can find contact info for both on their websites. Just click on their names in the table. March 9, at 6: July 15, at 3: HelloI came across this site while i was searching for a trading platform that allows me to do TA on Nigerian stocks. Do you or anyone else on this board know of a platform that does this? July 16, at 5: Have you tried bloomberg. Their charts show some basic technical indicators for Nigerian stocks. July 16, at You might also try Optionsxpress.

Stock charts is not a trading platform but it is one of my hangouts as I am really big on technical analysis and they cover everything TA. Stock charts is free; there are subscriptions available but you get a lot on the free side too. Options Xpress is perhaps my favorite trading platform; an account is required but it is free to open and no minimum deposit is required — you place money in the account only when you are ready to act. Once the account is open, you are available to use all of Options Xpress services and platforms for free.

Hope this helps and best of luck to you. August 27, at 5: January 10, at 8: August 29, at 7: Just came across this forum and I am impressed with the demand for investment in the Nigerian market. As no one can become a doctor overnight, so can no one become an investor overnight.

You need the education, skill and discipline all merging to form a habit such that you you get to the point where you make good investment and trading decisions subconsciously. The community of retail trading in the Nigerian market is growing and there are a couple of sites that could help you grow in knowledge, advice and education.

You can google trwstockbrokers and fintraduction. The latter seems to be a new site but looks like it has potential also. In conclusion, please seek professional advice and mentoring with solid education before you put your hard earned income in the market. May 24, at June 5, at Pls i do have a question can someone invest withand get the money back with gain of such amount. June 14, at 8: If i invest what would my dividend be at the end of the month if i take Zenith as my brokers?

June 15, at Dividends vary from stock to stock and are generally paid on a semi-annual or annual basis. The dividend paid is unrelated to your choice of stockbroker. Your investment of N1, could, in theory, range from zero to infinity depending on the price movement of the stock you purchase. September 15, at 1: September 21, at 3: Does anyone else have answers for Joseph? July 9, at Hi, I have for a long time been interested in investing for the long term in the Nigeria Stock Exchange.

Thanks for laying it out clearly. I am new, though willing to learn how it works. July 13, at 9: Hi I really appreciate the fact that I have found my long-sought solution on buying shares. Please, I want to ask, can I buy a share with 20 thousand Naira and which stock broker can I invest my money? July 16, at 1: Some Nigerian brokers say that they do not impose an account minimum requirement.

Chapel Hill Denham is one of them. That said, investing in stocks involves substantial risk. Do not invest any money that you will need in the short-term, and research potential investments carefully. July 19, at 9: I am Indian and currently working in Nigeria. Please let me know the best stockbroker with whom I can open an account for trading.

What I would prefer is my dividends if any be deposited into my Indian Savings Account, so that I can have my purchased stocks retained for long term. July 20, at Each of the brokers in the above chart should be able to handle your trades professionally.

Let us know what you find out! July 24, at Please, can you direct me to where I can invest my money safely? I know nothing about stocks. How do they work? And, please, what is the best investment to engage in now? September 20, at 9: It is good to have a passion, but just know that before anything you should do something with a passion like Bill Gates and other, so the money should come after.

If you think first money you will fail on Trading coz that mind will bring you to invest by taking a huge risk…So a good Trader must have the Self control, It is just an advice! Sorry for the low quality of my English, i normally speak french.

July 28, at 7: I have been a regular investor in the SEM before it crashed. Right now I would need something more risky like forex trading. How can you help? August 30, at 9: My utmost thanks for your help on how to open in a brokerage account in Nigeria, however I would want a brokerage account that allows the opportunity to trade in Nigeria and other foreign countries.

Looking forward to your reply. August 30, at I want the same thing, Moses. February 24, at 8: Please, I want you to help me out. I went through all your comments and I found out a little more about the stock market. I bought shares with my bank and it as been growing up for 6 years now. Now I want to sell. So, my question is, am I going to gain or lose?

Please help me out. February 24, at 3: Your experience demonstrates the power of buying stock and holding for the long term. Do you know which stocks you bought and what price you paid for them? If your stocks are valued more now then they were when you bought them, you have gained. June 4, at June 5, at 9: Very helpful info, Lanre. Have you bought Ghanaian stocks through Chapel Hill Denham? If so, how did the process work?

I will expect your feedback best regards Adegbite. September 18, at 6: September 25, at 9: To my knowledge, the only African stock exchange that offers option trading is the Johannesburg Stock Exchange. You can learn more about this here. September 25, at 2: Thanks Ryan and I will look into the JSE. Other than going broker to broker, how can one find out when other African markets might offer option trading?

September 20, at 5: Hi…Please, I need someone to enlighten me on what to do. I had an account with a brokerage firm before I travelled out of the country. I stopped running the account for a while but I kept contact with my broker. When I decided to return to the market, I called my broker to send my CSCS account statement. I told him I want to access my account online. Since then he stopped answering my calls.

I sent him messages but no reply. I carried out research and found out that the company has been suspended by the stock exchange authority. September 24, at 8: I suggest opening an account with a different broker and asking them for help in transferring your shares. As long as you have a CSCS account, this should not be a problem. September 24, at 6: Hi, I believe this is a great opportunity for both the poor, middle-class, and wealthy to invest and gain the same profit.

Please I want to know if it is possible to purchase more than one share. And how does it work? September 24, at Thanks for dropping by, iyke-man. It certainly is possible to purchase more than one share. I suggest that you contact one of the brokers in the article above for assistance in setting up a trading account and beginning to buy and sell shares.

September 25, at 3: Hi I appreciate your response. It alleviates what has been bothering my mind, but do I need the consent of my former broker before I can transfer my shares to the new account? However, the NSE, does suggest that you contact them and notify them of your intentions. October 9, at 4: Hi, I really want to know the minimum capital required to own or buy shares. Also, what is the process for selling shares and collecting certificates?

October 22, at I invest in Nigerian stocks and the market has been hot for the past two months now. I use this website http: October 22, at 9: October 23, at 5: October 24, at 4: What are your thoughts on STANLIB; specifically, I am interested in their ETF funds.

I have come to respect your opinion. Also, I have contacted them through their website for info. Thanks and keep up the good work. If you cannot commit on a specific broker such as STANLIB, I understand. October 25, at 1: Thanks for your comment and question, Alexis.

They allow investors to target specific sectors or regions, trade like stocks, and generally have lower fees than do mutual funds or unit trusts. Good question on whether US citizens may participate in South African ETFs. Good topic for future research! October 25, at 2: I am in contact with one of their agents about this process and will update you on my findings; perhaps other readers can benefit from this too.

One other point that is worth mentioning: Thanks again and I will update you when I know more or perhaps someone else on the forum has competent information on this fund. October 25, at 3: November 3, at 1: Hi Sorry Sir, I am a native of Nigeria and am looking for how to invest my money or shares through a good company. November 5, at 4: I think all the brokers listed in the article above should treat you fairly. Other readers, can you suggest other reputable firms? November 29, at 2: Thanks a lot, Ryan.

The Nigerian Stock Exchange launches trading blazers for brokers 040911

This is really good, but I was wondering if you had a post on buying bonds in Nigeria. December 3, at 4: November 30, at 3: December 3, at 3: Hi Anon, Most US brokers do accept international applicants. You might try Interactive Brokers, Etrade, or Scottrade. December 13, at Thanks for a fantastic post, burgeoning as the Nigerian stock exchange is, information on how to actually invest in it for the retail investor seems sparse. December 19, at December 14, at 3: December 15, at 7: December 15, at 2: Sir, I am very glad to have this post because it teaches me all what I bear on mind to know how to invest.

Nigeria Stock Exchange All-Share Index, market capitalisation drop - Premium Times Nigeria

But Sir, I need a stockbroker that accepts electronic currency such as liberty reserve, alert pay, ego pay…………… and reliable so that it could be easy for me here. Can any other Nigeria investors help Oyeniyi out with an answer? December 16, at 5: Is it possible to be a day trader in Nigerian stocks?

December 17, at 1: Day traders try to profit from short term price swings in the price of certain stocks, indices, or commodities. And when I say short-term, I mean days, hours, even minutes. This is not a strategy I am skilled or comfortable with because I have yet to see a reliable way to predict which way a stock will move over such a brief duration.

Your chances are pretty muchlike flipping a coin, and when you factor in the cost of commissions, you will probably lose any small advantage your predictive skill may grant you. If they do it well, the odds are that this will benefit long-term shareholders. That said, it would be extremely difficult to day-trade on the Nigerian market. Even if a broker could provide the rapid execution speed necessary, with trade commissions as high as they are, you would need a huge swing in the share price to recover your trading costs.

Better to go bargain hunting. Buy a company that you know well, with good future prospects, and that trades at a price lower than what you believe it is worth. Then just be patient until the story changes or until the market begins to see the same thing you do. December 16, at Ryan, What you are doing is worth compensation, and I am happy that you respond to my mail quickly. If I can not invest via electronic currency in Nigeria, I do not mind if you have a reliable broker accepting it over there or from the rest of the world.

December 17, at I am not aware of any brokers accepting Nigerian e-payments at the moment. When it comes to mobile payment systems, Nigeria is more advanced than the United States and many other countries in the world. That said, I will keep my eyes and ears open for brokers who serve clients wishing to use e-payments and hope that other readers of this nigerian stock exchange index chart will do the same.

December 17, at 3: December 22, at 8: January 31, at The key is to invest in a good company at a good price. In this way, you increase the odds that your investments will be profitable. December 29, at 9: Do you see much scope for investing in power sector stock? Given that private player engagement is envisaged. January 1, at 1: The sector certainly bears watching. January 3, at 9: And she is no longer with the company. Do you think our money is still intact because recently the stock is one of those de-listed.

What do I do? January 30, at Hi Anonymous, Even though the stockbroker you work with is no longer with the company, another stockbroker at the company should be able to help you track down the shares. Good luck and let us know what you find out! January 11, at farmers livestock auction springdale ar Hello, i would like to ask if there is any Nigerian stock broker, that assigns an account manager that can tell the stock owner when to buy and sell.

Or rather, that would manage the account for the individual. Dividend at the end of the year or buying and selling stocks to make profit? January 11, forex carry trade interest rates 6: If you want to invest in stocks listed in Nigeria, you will need a good stockbroker.

That list has some good names for a start, but you need to find the one who gives you some advantage. Also, you need a place from where you can get proper info on Nigerian stocks. Let me suggest one such website which I use and find best for the task — http: February 7, at 8: Hi Ryan, Thanks for your post.

This has eased my tension to a great extent concerning my shares. Bu I still have this question, do you need to sell a share before you receive dividends or is it paid as you make profit? February 7, at February 9, at 8: Hi, I already have a CSCS account number, and my broker is WSTC, but I have never had any contact or communication with them. So please how can I get a response from them? February 10, at 4: Hi Sani, I would suggest phoning WSTC and explaining your situation.

If you are not given a satisfactory response, you may file a complaint with the Securities and Exchange Commission of Nigeria. Information on how to go about filing a complaint is here. Please keep us posted on what response you get! February 28, at 7: Great site you have — very informative! The main problem in my mind is though — can i trust the bank and is it completely safe for me to send a photocopy of passport even if i do it via courier company such as DHL etc.?

March 1, at 9: Did you choose a nominee account? March 2, at 7: I have some money I would like to invest in Africa because of the buying and selling stocks same day returns, and I have decided to start in Nigeria.

I have heard so much about ARM and CardinalStone, and I would want to know if you think they are good for research and execution. Which banks do you suggest for the trade settlement? May 9, at 1: Hello James did you finally invest in Africa?

Nigerian Stock Exchange - Historical Data

March 7, at 7: March 7, at I believe most Nigerian brokers require that clients be at least 18 years of age. Most also require that you have at least N50, before they will open an account. March 8, at Please, I cannot download the account form for Chapel Hill Denham.

I tried contacting them through mail but to no avail.

nigerian stock exchange index chart

And I live km from their head office. Can you please help me get useful info about how to get the form? A few years ago, I bought some shares on the NSE through a third party, but it came crashing down like packs of cards, really devastating.

I want to start afresh and have a keen interest in micro-shares. Can I request or order my brokers to buy me shares with little values worth N2, N1 and nothing greater? March 11, at 7: Hi Ryan — This is a really useful website.

nigerian stock exchange index chart

Love the detail and granularity of the data and just how current it is. We are a US Delaware domiciled partnership, and we invest in globally listed equities. We have never before invested in Africa. My money management firm manages the Partnership and I am the sole Managing Member of the Asset Management How to use fibonacci retracement in forex. Is a foreign investment Partnership allowed to open a brokerage account in Nigeria?

I appreciate that opening a brokerage account anywhere in the world requires disclosure of a lot of personal information, IDs etc. But for whatever reason, Nigeria has attracted an unusually large amount of attention as one of the main countries in Africa from which various scam schemes seem to originate. Any thoughts or advice in this regard?

I have narrowed down a few Nigerian stocks that I might want to research in more detail. Preferably reasonably priced — not thinking of McKinsey Nigeria!

March 13, at 4: I do have some thoughts on your questions. April 7, at March 20, at 3: How do I begin? April 5, at 1: May 2, at 7: Do you have any feedback on ARM bank, the first one on the list of potential broker for Nigerian Index? May 28, at 1: Thanks for the great post — are you aware of any index tracker fund that tracks the Nigerian stock exchange or similar?

I wish to invest in a tracker since it removes the time pressure for me to seek out detailed information on each listed company. May 29, at There is now a Nigerian ETF that trades in the USA. May 30, at 4: As for leaving your shares for a long time, sure ron ianieri options trading fact dats d idea of long term investment.

July 8, at Pls My mum wishes to sell her shares without bothering her broker that has gone AWOL. How is she suppose to go about it?

Or how can I help her do that? July 9, at 3: Does your mum have a share certificate? If not, does she have a Clearing House Number CHN or CSCS account number? If she has either of these items, she should be able to sell her shares through a different broker. If she does not have a CHN and her share certificate has been lost, she can contact the registrar of the company that she owns shares in.

Depending on the details, the registrar may be able to stock brokers with dividend reinvestment her a new share certificate. I suggest contacting one of the brokers listed above for assistance. Make sure to let us stock market bubbles inflation and investment risk how things worked out!

October 3, at 1: She has shares Certificate, but No CHN. How can she get the CHN? Can she do that herself or can anyone help her do that. Moreso, if she jst wants to register the shares now for easy liquidation in the nearest future. How will she go about that? October 4, at 2: Great news that she still has the share certificate.

Now all that she must do is take the certificate to a new stockbroker perhaps one listed in this article and tell them that she would like to liquidate the shares but that she does not have a CHN. The broker will then give her some paperwork necessary to open the CHN account and to dematerialize her shares. When this is complete, she will be able to liquidate her position. August 2, at Hello, Which one is more cost effective, investing in the new NGE ETF or buying the different stocks individually in Nigeria?

August 7, at 2: The ETF will be more cost-effective if you would like to buy shares of each company that it holds. If, however, you believe specific Nigerian companies will outperform the index as a whole, it is better to invest in them individually in Nigeria. August 7, at 5: August 3, at 4: Hello Ryan, Excellent work, thanks for this invaluable service you have provided. August 7, at 1: I believe Zenith reduced its minimum investment. As of correspondence that I had with them at the end of March, the minimum investment was N, Please let us know if you learn differently from them.

Meristem securities is good. I have been with them for some time. August 8, at 7: August 5, at 9: Hello, Ryan, Thanks and great job on this forum. I wonder if you can rank these brokerage firms based on some criteria like their services, customer service, honesty, etc. Also do you provide managed investment services? Because I would be interested in your services. August 6, at 3: I wish I could objectively rank these brokers, but my dealings with them were limited to requesting info to open an account.

I can, however, say that I contacted dozens of Nigerian brokers and the ones above all responded to my questions most promptly and helpfully. Perhaps, we could have an open thread where Nigeria investors can report on their experiences with various brokers?

I do work with an Africa-focused asset manager, Africa Capital Group. You can learn more about us at http: August 6, at 6: I have a question concerning direct dividend payment into stockbroking accounts. Do you know if the stock brokers charge a commission for this per transaction? That said, you may want to confirm this with the broker before opening an account.

August 8, at 5: Hey Ryan, I checked out the JSE, Africa Capital Group and some brokers listed. However, it was difficult for me to find a broker that deals in ETFs.

Do you perhaps know anyone in Nigeria, South Africa, or an international broker? August 9, at 7: Are you looking to invest in a US-listed ETF like AFK or NGE? If so, you will need to open a US brokerage account. I suggest contacting schwab. August 25, at 7: I have gone through all the posts of this blog carefully and have learned a lot, thanks. Well, I have got some questions. My dad bought shares from Savanna bank which was liquidated. My dad is late now, and I have the share certificate and just recently I heard that they will soon start their bank again.

Please how do I go about selling the shares as I am his next of kin? I have got k which I am ready to invest for forex services in pakistan long a time as possible. What do you suggest I do? Please, I want you to explain index stock.

August 27, at 3: If you have an adequate emergency fund approximately six months of living expenses saved up and have paid off all of your high-interest debt, then you might think about investing thein the stock market. My advice would be to stick with shares of companies that you know and understand. Read their annual report to get a sense of how the business is performing. And be careful not to pay too much. Give special consideration to companies that pay consistent, growing dividends.

Stock indexes often trade in the form of exchange-traded funds ETFs. These securities trade like shares of companies, but they are actually a package of shares from lots of different companies. The index is typically fixed to a specific set of companies, so they are a good way of investing in the market without the need to research individual stocks.

Trade interceptor forex mobile apk that does not mean that they are risk-free. ETFs can lose value from day to day just like a stock can. Unfortunately, to my knowledge, there are not presently any index ETFs trading on the Nigerian Stock Exchange. September 8, at I invested in Nigerian stock. Is it possible to use my local account to trade on foreign stock? I am delighted to invest in banking stock for the remaining quarter year.

September 24, at 5: I want to know if I can double the money in just one to two years. October 3, at 8: Thanks a million for this simple and addictive presentation. How do I go about even contacting the brokers in the first place? Just so to avoid dealing with gimmicks unknowingly!!!

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October 3, at You can find contact information on their webpages. It all depends on what makes you most comfortable. October 5, at 4: October 7, at October 9, at 3: Hi Ryan, Easy made reviews forex came across a site ngtradeonline.

October 9, at Does anyone else know anything about NGTradeOnline? If so, Bode and I would love to hear about your experience with them! October 21, at 6: I have a few questions though 1 do you have any idea on some mutual funds in Nigeria whose performance consistently beat the Nigeria stock market.

November 5, at 3: Their response was impeccable and I have opened an account with them. I know that information is power, especially the right information, so what kind of questions should I be asking them about their services and what sort of info am I meant to expect from them to make this worthwhile? November 6, at 4: Great to hear that you had a good experience opening an account. Ask them to nzd aud exchange rate live a rationale for each recommendation.

Review their explanations and see which ones make most sense to you. Then diversify your investment 15 minute binary options strategies vs stock different shares.

The more you diversify, the less risky your share portfolio will be. Also, if you have interest in choosing your own stocks, take some time to educate yourself on methods of identifying trading ems system, profitable businesses. Devour the writing and work of Warren Buffett. Here are some of his best quotes:. November 12, at 1: November 12, at 3: I appreciate bollinger bands stochastic oscillator, C.

November 20, at 9: Good day Ryan Weldone! Just to let you know, I was at BGL Securities recently about a week ago and i was made to understand that the minimum initial deposit is N1, It was really a turn off for me though because i was not just ready to risk that lot yet. November 24, at 3: Tochukwu, there are some other brokers you can try that would accept N, February 1, at 1: I inquired after seeing you post and i got the emailed reply from their customer care.

December 27, at January 25, at 7: I really enjoyed it cause it gave out comprehensive explanation for a beginner like me. Please can you let know the minimum amount I can start with and also I heard about stocks with fundamentals and technical stocks please can you throw more light on these??

It is interesting to see such post. My mum help me in opening some shared in my Name with my money I do not if it would be possible to use those certificates. March 10, at 4: Yes, it should be possible to take those certificates to a broker if you would like to trade your shares. You will need to open an account with the broker, and there will also be some paperwork involved in dematerializing the certificates, but if the company is still listed on the exchange, you should be able to sell your stock.

March 15, at This is a pretty informative site. Keep the good work up. I am sure there are other ways you can be of help to me as I look to diversify my investment across the continent of Africa. March 16, at 5: Yes indeed Ryan has been of help to many people here good job, Austin whenever Kenya crosses your mind feel free to contact me Kelvinmwadori yahoo.

March 17, at 7: March 20, at 4: March 24, at 4: Hello Ryan, I must commend the good work you have done May God bless you abundantlyI have learnt very much from your blog. March 26, at I really appreciate the feedback, and thanks so much for stopping by!

May 27, at 9: Hi, Good day to you sir, Please, I have been trying to know more about investing in shares. Thank GOD that I have found your website. Please, can you clarify me more about how it goes prize unit percent? And also how to recover the old shares bought for me by my late father? Thanks for your co-operation. Many thanks for your comment.

Could you please rephrase your first question? On your second question, do you have the share certificates in your possession? If so, you can take them to a licensed stockbroker. The broker will help you to open a brokerage account and to dispose of the shares. June 26, at 5: July 22, at 8: July 22, at 2: July 24, at 1: August 4, at 3: Hello Mr Ryan, I must tell you that my problem with the issue of stocks trading is almost solved.

Now if registered with any broker here in Nigeria, can I trade on my account at home? How about their platform? Can I have access to it? Thanks so much for patiently attending to all our questions. August 4, at 4: I believe Lead Securities www. August 28, at 9: September 9, at 6: Hi Ryan, I am totally new to this, well almost.

I have been living and working in Europe for the past 26years. Right now, I am looking for ways of deriving more returns on my capital. First I thought about opening a savings account in Nigeria due to the attractive interest rate only to discover the very high inflation rate as well.

Two recurring strong suggestions are: I think the quality and integrity of management and board members of these companies are very important but have no idea on how to get these info on Nigerian businesses.

Are you able to help in this area or direct me to where I can obtain reliable info? September 29, at 5: Should you be interested, do not hesitate to contact me; then we will take it from there. October 2, at Please, the whole thing is new to me and I would appreciate if you could shed more light on the following issues; 1. October 2, at 4: The minimum amount that you can invest varies. Some brokers specify a minimum deposit before they will open a trading account for you. This can range from N50, to N2, depending on the broker.

Note that this money remains yours. It will be there for you to invest after your account has been opened. The broker makes money only when you buy or sell a stock. They charge a small commission each time you do so. Therefore, if you buy N50, worth of shares, the broker will charge a commission of approximately N1, We assist our clients to invest in Equities and Fixed Income instruments in the Financial Markets.

October 6, at Hi Ryan, first, thanks for taking effort in putting this through. Wanted to understand from you the security of money which we transfer to broker account in Nigeria.

Since the money will get credited to a common account, I need to invest fully all the time as leaving money in common pool account is little tricky. October 26, at 2: I am from India and curtently residein India. I am interested in investing in the growing African economies via stock routes.

I am interested to find out more about the top African Companies which market they are listed. Us they is a unified platform for opening an account which we can trade in all the exchanges.

October 8, at 7: Hi Ryan, I am interested in forex trading. I have little knowledge of it. October 17, at 7: October 18, at 9: October 24, at 5: Pls Ryan, I bought the then oceanic bank shares under first brokers years ago without any foreknowledge on how to manage it.

October 28, at 4: Though it may sound strange but I got this mixed up due to being away from Nigeria for about 6 years now. October 31, at We can assist to seamlessly transfer your portfolio to us for efficient service and better management. January 4, at 2: Nice piece of info. Want to invest but am I need to know like the top 10 stocks in the market… And is this also something the stock broker should be doing? May 12, at 5: Hi guys I am intending to buy stocks in NSE,….

Please show me the necessary steps to start. May 14, at 4: Hi Ryan, i am very new to all of this and i must say i have enjoyed reading all of the comments and i must commend you do a very fantastic job on enlightenment.

June 17, at June 28, at 3: I suggest that you ask your friend for the account details where he purchased shares for you. He should either have received share certificates or a CSCS account. Once you have this information, you can contact one of the brokers listed in the post above to assist you with opening a trading account and selling the shares if you wish.

July 23, at 7: July 29, at 9: You will need enough money to purchase at least shares of whichever company you wish. The cost of shares varies from company to company but can range anywhere from 50 naira to 20, naira or more. Babalola Amudalat Idowu says. July 28, at July 28, at 1: To open an account, you can follow the steps outlined in the article above, and let me know if any step in the process is unclear.

After opening and funding your trading account you will be able to buy shares of whichever company you choose. The second part of your question is not as straightforward to answer. Investment prospects vary from company to company. The key is to find a company that you understand and is positioned to deliver consistent profits over the next years.

Your broker may have some advice to help you find companies that fit these criteria. Brokers are paid only when you buy or sell shares, so their bias is to encourage you to buy and sell frequently. This is typically not in your best interest because trading expenses eat into your investment return.

August 1, at Thereby getting all the payments when he buys and sells his own shares? August 3, at 8: I suppose he could. If he bought shares for himself, he would save on commission. Note, however, that there are some taxes and fees that are assessed on each trade, too. So, it would not be possible to trade completely cost-free.

September 14, at September 22, at 3: Are you referring to their webpage? Please I just want to know how i can trade on forex and with a good and serious broker, even in Nigeria, Nairobi, or South Africa place?

I have already begin learning Forex Trading. But what advice can you give to a student? SoRRY for the low level of my English, i normally speak French. Thk u Sir Ryan! Thanks for your question. To me, it seems less like investing and more like gambling. Instead, look for shares of good companies trading at low earnings multiples and hold them for the long-term. Slow and steady wins the race! September 26, at 6: October 6, at 4: Hi Ryan, plz i want to know all the listed brokers above, can they help me buy shares from a good company is it their jod also.

And also do they stand as a company dat sells shares to people? Yes, all of the brokers listed above can assist you with buying shares of any company available on the Nigerian Stock Exchange. They also typically are able to provide advice to their clients on shares that, in their opinion, are good bargains.

October 10, at 1: Thanks alot for the answer to my past question. Is a clear answer to all readers. Is a little bit confusing…. October 22, at 1: October 23, at 2: The Chartered Institute of Stockbrokers http: November 4, at Thanks a lot for the great insight in nigerian stock exchange. I have a account with cardinal firm which my last transaction was last year and I want to know how to study the trend of the market.

November 4, at 1: There are a lot of Nigerian stocks trading at very reasonable valuations right now because investors are pessimistic about the state of the economy. My advice would be to buy shares of good companies that have managed to remain profitable over the past year because their valuations are likely to rise when market sentiment eventually brightens.

December 19, at 1: Many thanks for your support and responses to African stock market analyses and investment issues. However, I am just wondering if you could share your insights on the activities of major investors in the African stock markets, more specifically the Nigerian stock market.

I will greatly appreciate your support in relation to who they are, to what extent do they invest, their perceptions of the investment environment here and effects of there activities on the market etc.

December 21, at 9: At the moment, many large foreign investors have either retreated from Nigeria or are postponing new investment.

Cashcraft Asset Management Ltd

Most believe that a devaluation of the naira is inevitable, and they will remain on the sidelines until one of sufficient magnitude occurs.

Many investors see Nigeria as an attractive investment destination over the long-term due to its size, youth, and natural resources, but, as you might guess, corruption and security rank high among their concerns. January 5, at 6: January 21, at January 25, at 2: Okpudhor Godknows thankGod says. January 22, at 7: January 25, at 1: April 10, at 4: May 2, at 4: Can I buy shares of ?

May 3, at 4: Yes, most brokers will allow you to purchase shares in lots of The key is to invest for the long-term. Could the market fall further? Certainly, but, in my view, much of the gloomy outlook has already been priced in. June 21, at June 22, at 1: I believe it is possible to open a second cscs account through a second broker.

Just tell the broker that you would like to open a second account with them, and they should be able to assist. August 30, at 4: Dr Timothy Osadiya says. January 5, at 8: January 5, at January 19, at 6: I was doing a research on how to enter into the Nigerian stock market and I stumbled on your page, from the discussions in the thread and the initial article.

I have been able to glean much needed information, thanks a lot. January 25, at 6: Your email address will not be published. My name is Ryan Hoover, and I'm an investment analyst and writer with a passion for African stock markets. Articles African Stock Markets Performance Botswana BRVM Ghana Kenya Malawi Mauritius Mozambique Namibia Nigeria Rwanda South Africa Tanzania Uganda Zambia Zimbabwe Newsletters JSE Share Advisor KenyaVestor Stock Scout About Login.

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Investing in Africa A Field Guide to Sub-Saharan Stock Markets. Home JSE Share Advisor KenyaVestor Contact. Comments Emmanuel says May 21, at 4: Let us know how it goes, and happy Investing! I hope you guys set up the accounts because you would have got some serious returns!

Hi Deji You might also try Optionsxpress. I will check the sites out. Can you pls help me with the brokerage charged for the transactions. Hi Ryan, Does Chapel Hill Delham help their clients purchase preferred stocks in Nigerian Banks?

Do they have an Electronic Trading System? Hi Idorenyin, Some Nigerian brokers say that they do not impose an account minimum requirement. Hi Kumar, Each of the brokers in the above chart should be able to handle your trades professionally. If any readers know of such a company, please let Moses and me know. Hi Supreme, Your experience demonstrates the power of buying stock and holding for the long term.

All the best, Ryan. Chapel Hill Denham allows investment on the Nigerian and Ghanaian stock exchanges. Hi can I do option trading on the NSE or any other African market? Hi Alexis, To my knowledge, the only African stock exchange that offers option trading is the Johannesburg Stock Exchange.

They even have a stock game which is extremely useful. Looks like an interesting resource, Adekunle. Thanks for drawing our attention to it. Thanks for the good work you are doing here. Hi Ryan, What are your thoughts on STANLIB; specifically, I am interested in their ETF funds.

Thanks for sharing this, Alexis. Eager to hear how things develop for you. Can I buy US stocks as a Nigerian? If yes, can you suggest a broker to me? Hey Ryan Thanks for a fantastic post, burgeoning as the Nigerian stock exchange is, information on how to actually invest in it for the retail investor seems sparse. Thanks for the post. Is it possible to buy foreign stocks with a domestic brokerage account?

Hi Ahmad, Day traders try to profit from short term price swings in the price of certain stocks, indices, or commodities. Without risk there is no return. Greetings from Finland, Great site you have — very informative!

Hello Ryan, I have some money I would like to invest in Africa because of the good returns, and I have decided to start in Nigeria.

Hi Deji, I believe most Nigerian brokers require that clients be at least 18 years of age. Hi Dee, I do have some thoughts on your questions. With best wishes, Ryan. Yes we do contract bespoke research on Frontier markets Kind regards Mark. Hello, What stocks in Nigeria pay the most dividend? Can you name some companies? Hey, Thanks for the great post — are you aware of any index tracker fund that tracks the Nigerian stock exchange or similar? Hi Tomi, Does your mum have a share certificate?

Let us know how it goes! Thanks Eathan, I believe Zenith reduced its minimum investment. Hi Ryan, I have a question concerning direct dividend payment into stockbroking accounts.

This can be significant for small investors like myself. Hi Kazeem, Good question. Hi Queen, Are you looking to invest in a US-listed ETF like AFK or NGE? Thanks for your questions, Elijah. Hope this helps and best wishes to you! My questions are …. Whatever you decide, keep us posted on how things go! The honor is mine. Hi Bode, Great to hear that you had a good experience opening an account. Here are some of his best quotes: Ryan, You are doing some good work here.

Hi Anon, Yes, it should be possible to take those certificates to a broker if you would like to trade your shares. What currency are they stock indices listed on?

Wishing you the best! Hi Solomon, Many thanks for your comment.

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