What is a stock market?

A stock market, equity market or share market is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of stocks (also called shares); these may include securities listed on a stock exchange as well as those only traded privately.

How do I start trading in stock market?

Contact our customer service or download an account opening form on our download page.

Fill out the account opening form and fulfill the KYC requirements. (Valid means of ID, two recent passport photograph, current utility bill)

Submit the documents with a minimum deposit of N20,000 only

Once you meet the requirements, a CSCS account will be created within 48hours to start trading on the Nigeria Stock exchange.

Who is a Stockbroker?

A stockbroker is a regulated professional individual, usually associated with a brokerage firm or broker-dealer, who buys and sells stocks and other securities for both retail and institutional clients through a stock exchange or over the counter in return for a fee or commission.

What is a CSCS account?

A CSCS account has is a pre-requisite for share transfers, whether buying or selling shares. The Central Securities Clearing System is a subsidiary of the Nigerian Stock Exchange and is licensed by the Securities and Exchange Commission, Nigeria, as a capital market agent to handle central depository, clearing and settlement services for transactions in the Nigerian stock market.

Can I trade outside Nigeria?

Yes, with your CSCS account in our custody, you can place a sales or purchase mandate via our electronic channels (email, sms, portal) and it will be executed seamlessly with an automated contract email for each transaction in your account.

What is the commission on my transactions?
  • For purchases, the total commission fees per transaction is 1.8555%
  • For sales, the total commission fees per transaction is 2.1855%
What is Dematerialization?

This process ensures that all investors’ physical, lost or damages share certificates will be replaced with electronic records and deposited directly into his/her CSCS account residing with their stockbroker.

What is E-Dividend?

It’s the process of direct credit for all declared dividend from your invested shares into your bank details provided. This is the replacement of mailing dividend warrant to shareholder’s address.

What is Update Form?

This is a Know Your Client (KYC) initiative enforced by Securities Exchange Commission (SEC) on all investor’s CSCS account. The most recent particulars of shareholders will be filled out in the update form along with his/her documents.