Information can help one to make informed choice and utilised opportunities around the world. Having received various calls all around on how do one really invest in the Nigeria stock exchange? Well, have got the step-by-step ways you can achieve that regardless of your location. Just read on to get these steps.
To do this you need to do the necessary research and pay your due diligence and the rest of them. So, one major thing you need to do is,
You need to open a brokerage account:
The first thing one need to do to invest in the Nigerian stock exchange is to first open a brokerage account with a trusted and approve stock broking firm in Nigeria. For you to do that you need to provide them with your I.D, bank verification number (B.V.N), your passport photo, and signature and next of kin details.
Stock brokerage firm also provide you with online opportunity where you can make transactions. But for you to do this they need to provide you with clearing house number (C.H.N).
For you to use the brokerage account you need to:
- Trade, that is deposit money with instructions (you can write them an email after that, and they will respond acknowledging your deposit.
- Place a bid to either buy or sell share. But you can only do that when you have funds in your account.
- In buying shares you have to make research to know if the share you intend buying is high or low so as not to acquire losses. Once you desire to buy a share and place a bid your stock brokerage firm will make it out for you. Remember you need to pay for transaction fees once they sell or buy your shares.
- Once you make a transaction before the money gets to your account, it takes up to 3 to 4 days for it to reach your account. In Nigeria stock exchange, trading time is normally between 9:30 am to 2:30 pm
- One of the major stock market firms is the Premium which includes Dangote, UBA etc.
- You can as well open a CHN so you can always checkmate your portfolio with your Stock exchange firm.
- You can as well get useful information from the Nigerian stock exchange website .They are in charge of providing valid information about all stock marketers
I hope this was helpful and you found it useful on how to invest in the Nigerian stock exchange, anywhere you are around the world, just with your laptop and have more income into your bank account.
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