Nigerian Stock Exchange Investment – The Nigerian Stock Exchange (NSE) is one of the biggest stock markets in Africa. It features most top companies in Nigeria and also houses many traders that perform various kinds of transactions both in Nigeria and abroad.
On this post, we will be showing how you can invest in the Nigerian Stock Exchange market as a young entrepreneur or a corporate business owner. Kindly read as we put you through your request with the guided steps here.
Overview of the Nigerian Stock Exchange (NSE)
Before we continue with Nigerian Stock Exchange Investment, we would like to discuss on what the Nigerian Stock Exchange Investment looks like. Firstly, a stock exchange is an organized financial market where securities are bought and sold at prices overseen by forces of demand supply.
Now, the Nigerian Stock Exchange was found in 1960 and was then known as Lagos Stock Exchange. It serves the largest economy in Africa and provides access to capitals for companies in Nigeria and abroad for the expansion of their companies.
As a registered organization, the NSE is regulated by the Securities and Exchange Commission of Nigeria and licensed under the Securities and Investment Act. The Nigerian Stock Exchange currently has over 60 listed companies such as Unilever, UAC Foods, Zenith Bank, Oando, etc.
How to invest in the Nigerian Stock Exchange Market
Making purchases in the Nigerian Stock Exchange Market is totally different from other purchases you make. In the Nigerian stock exchange market, you must hire a stock brokerage firm like Lead Capital, Zenith Securities, Meristem and ARM Securities. These brokerage firms will assist you in buying stocks from NSE.
Below are guided steps to invest in the Nigerian Stock Exchange Market:
- Find a stockbroker to open a brokerage account for you;
- Fill and complete the Central Securities Clearing Systems (CSCS) account opening form;
- Fund your stock brokerage account;
- Submit your first trade order immediately you have made up your mind on what you want from NSE.
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