Went to my broker to get a form for a friend and a company to open a CsCs account but to my greatest surprise i was told that any individual who doesnt have a minimum of =N=200,000 wont be able to open an account with CsCs which means such a person can either buy or sell shares on the floor.
Does it mean that anyone buying all this public offer are buying to keep the certificate under their pillow for as long as they dont have the stipulated fee to open a CsCs account.
Well, we would see where this country will lead us to. When they found out that Nigerians have realized the long time secret of the rich (stocks) they have now decided to block or make it difficult for the average and struggling masses.
They closed wonder banks, trying to pass a bill to stop public awareness of online trading ( so i heard) and now imposing an outrageous fee to open a CsCs account. Will the GAP between the rich and the poor be ever to reduced? i guess not.
Anyway folks how wa your hols.

The 200,000 fee is starting from jan 1st 2008