How to buy Nigerian shares

Posted by Felix Okoli on Thursday April 12, 2012 11:11:21:

Nigeria currently has a fast growing economy and is reckoned among emerging markets. If you have decided to make an investment into her capital market, it would be a great decision to get in early rather than late.

Things you will need to buy shares on Nigerian capital market
- Funds in naira (Cash or cheque)
- Stock prices: see http://www.cscsnigerialtd.com/web/guest/265
- Registered Stock brokerage company: See http://www.nse.com.ng/Regulation/ForBrokers/Pages/Dealing-Members.aspx
- Completed Application form

Steps involved in buying shares in Nigeria
- Contact any registered stock broker of your choice
- Fill an application form for shares purchase indicating your personal details, purchase price, quantity to buy and usual signature
- Make payment to the stockbrokerage firm's name and get a receipt of payment. Your payment should normally include about 2 to 4% commission for the worth of the transaction.
- Expect that your order should be executed within 3 to 5 working days

After you have purchased the shares of a listed company in the capital market, your shares will be listed in your investor's account with the Central Securities Clearing System (CSCS) which is the official clearing house of the NSE. You would also be able to view your portfolio online if you have applied for an online CSCS account. The website for the CSCS is at www.cscsnigerialtd.com.

You may also want to checkout the Nigerian stock exchange official website here: http://www.nse.com.ng

Re: How to buy Nigerian shares Posted by Sophia on Saturday May 26, 2012 at 7:43:9:

Please am a student in the higher,am intrested in buying shares but i know next to nothing about it,pls can you enlighten me more and the right steps to take.please

Re: How to buy Nigerian shares Posted by damilola on Sunday June 17, 2012 at 14:0:12:

pls I need u assistant. Am interesting in shares nd I wish 2 buy

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