5 Things To Know Before Buying Stocks in Nigeria | GTBlog

Nigerian Stock Exchange has proved over the years to be a gold mine for smart investors. This has resulted in a tremendous rush of foreign investors, individuals and organizations pumping large amount of money into the Nigerian Stock Exchange. There is a noticeable increase in interest of foreign based Nigerians who have discovered the gains in investing in their motherland. But here comes the multi-million question, how do you invest in the Nigerian stock exchange.

This has been a lingering issue for so many years. Including the right choice of stock brokers, dividend payments and full control of shares bought in the Nigerian stock market.

Be it a foreign investor, or Nigerian resident, the need for an online stock broking firm is irreplaceable.

This will ease of the normal paper work involved in stock marketing. But thanks to the cutting edge technology now being applied by the stock exchange and so many other indigenous stock broking firms.

By simply registering for a portfolio, you can watch your orders, check certificate status, issue trade instructions and monitor your stock value. To open an account, visit any online stock broking firm, fill the CSCS central securities and clearing system form, in order to get a CSCS number similar to a bank account number. With the ongoing recpatilization of stock broking firms, the fear of having your money go down the drain is no longer an option.

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Thanks to the Nigeria federal ministry of finance. Most stock broking firms open an account for as low as N50, This opening price amount will still be used to purchase any shares of your choice.

Most Nigeria stock broking firms offer expert advice and suggestions and specific stocks to invest on. When you buy or sell your, shares you pay a between 2.

With the advent of e-dividends coming soon, a Nigerian mailing address might no longer be that necessary. Buy direct shares of companies are not the only means of investing in the Nigeria stock exchange.

Especially for foreign investors, who believe they are far away to efficiently track the activities of the Nigerian financial market.

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This allows the fund manager to do the stock analysis for them and determine when to buy or sell. They can equally buy mutual bond. Check out more about mutual funds.

Online Investment Nigerian Stock Exchange has proved over the years to be a gold mine for smart investors.