₦airaland Forum

yinka2011:
totally different.


betting vs investing.


rest i think you must be smart enough to know the difference.

SilverG33k:
If stockexchange is investments, then why are people scared to invest?? They will probably lose some cash? Is that one investment ?

nairametrics:
READ MORE: https://nairametrics.com/invest-nigerian-stock-exchange/

chukzyfcbb:
Stock exchange for me and my household is a no no, I rather move into crypto than naija stocks.
in 10yrs how many IpO has been launched?

Stocks where insider trading is the norm, abeg I will pass.
in 2005/2006 when I was in ss2/3, that's when I was introduced to stocks. My uncle told me about his shares. lasaco that was trading at 3naira per share.

Ever since then I have been monitoring lasaco shares, both in boarding house I run to the library to read newspapers. Up till today lasaco never even nack 1naira/share, that's 10solid years oh.

Investment no move. Nonsense wayo stock market

#Team Money market

#TeamTreasuryBills

sacluxisback:
Not fair!

I wrote a sentence, so I am legitimately first to comment

LOVEGINO:
Buy 1bitcoin today and ur life ll never be the same again.

dotcomnamename:
Lol how much is 1 bitcoin?

chukzyfcbb:
Stock exchange for me and my household is a no no, I rather move into crypto than naija stocks.
in 10yrs how many IpO has been launched?

Stocks where insider trading is the norm, abeg I will pass.
in 2005/2006 when I was in ss2/3, that's when I was introduced to stocks. My uncle told me about his shares. lasaco that was trading at 3naira per share.

Ever since then I have been monitoring lasaco shares, both in boarding house I run to the library to read newspapers. Up till today lasaco never even nack 1naira/share, that's 10solid years oh.

Investment no move. Nonsense wayo stock market

#Team Money market

LOVEGINO:
2m plus

dotcomnamename:
Its a risk too bro

sarafa68:
After all this long aeticle. There still aint any step by step example for the laymen.

Is the stock trading a profitable venture? Or is as risky as ponzi and bet9ja and co?.

How much should be the minumum amount for investing?...

Okotoko1:
The stock market is as profitable as any long-term investment. It is not a sharp sharp business. The risk involved is in making wrong investment which may include:
1.Investing in a business that is not well managed.
2. Investing in a business that is not investors friendly.

For the minimum amount you can invest; for me I want to place it at a N100k any thing less may look like a child's play. Actually like any longterm investment, the stock market is for the rich or wannabe rich persons.

sarafa68:
thanks for shading little light to it.
We the beginners are still confuse as to the profit achievable in a long or short term investment of half million and above.

What determines the profit of the investment?

Are you saying every company registered with the NSE have a share for sale?

If one decide to invest, wat is the estimate members/shares in that company, and the percentage of share a investor is likely to get?...

Many question to ask, is there any book for this stock trading you can recommend?

nairametrics:
This article provides a step by step guide on how to invest in the Nigerian Stock Exchange. We will also highlight a number of factors peculiar with the Nigerian stock exchange that we think you should know before investing.

Who is this article for?

If this is your first time of investing in stocks, then this is also for you
If you just read a book about investing in equities and feel this is the best time for you to test the waters, then this is for you.
If you have been inspired by some of the things you read online about stocks and wish to invest in Nigeria’s stock market, then this is for you.
If you are interested in investing in the Nigerian stock exchange and wish to get a fair and balanced insight into what to expect, then this article is also for you.
If you are a complete novice with stocks then read this first

What is the official market for trading stocks in Nigeria?



In Nigeria, you can only buy and sell shares of publicly quoted companies solely from the Nigerian Stock Exchange which is based in Lagos. However, if you want to trade in equities of private companies, then the National Association of Security Dealers Over- The-Counter (NASD OTC) is the market for you.

How do I start?

Before you start trading equities in Nigeria, you will need to open a brokerage account with any of the approved stock broking firms in Nigeria. Upon application, you will be required to provide a means of identification, bank account details including BVN, passport photographs, signatures of account holders, next of kin details (if it is a personal account) etc. It takes less than 48 hours to open an account provided you have a bank account. Some stockbroking firms also have online trading platforms, meaning you do not need to visit the stockbroking firm physically. Just visit their portals and upload all the information that they need.

What else do I need to have?

We recommend that you open a Central Securities Clearing System (CSCS) account. CSCS is a market aggregator that warehouses all the accounts created and maintained by all stockbrokers in Nigeria. By owning a CSCS account, you can also view your portfolio independent of your stockbrokers and see what stocks you own. This is important as it helps you mitigate fraudulent activities. It cost between N2k and N5k per annum.

How do I start trading?

To start trading in equities, you are expected to have opened a stockbroking account. You will be given a Clearing House Number (CHN), which is unique to your portfolio. To trade, simply deposit money with your stockbroker and instruct them to purchase shares for you on your behalf. The means of communications is typically with your registered email. However, it is easier using their online trading platform, which allows you to buy and sell stocks on your own. Through online trading portals, you can place bids or offers which usually terminates within seconds of being received. You should also get emails from your broker once you place bids and offers, and when the transaction goes through.

Transaction fees

Transaction fees are charged any time your bid or offer goes through. There are statutory fees that you pay to regulators and those you pay to your broker. Statutory fees are fixed while broker fees vary between the range of 1.5% and 1.8% per transaction.

Taxes

There are no capital gains taxes on buying and selling of equities in Nigeria.


Clearing of funds

When you buy or sell stocks, it usually takes about 4 days before the entire transaction is concluded. In the NSE, clearing and settlement is T+3.

Withdrawals

After you sell equities, your cash remains in the account of the broker till you request for a withdrawal which takes within 24 hours to be completed. To withdraw using an online brokerage account, just visit the portal and click withdrawal. Some brokers also require emails for your withdrawals to be paid into your accounts. Remember, the account where your cash will be credited is the bank account you provided when you registered.

Trading time

The Nigerian Stock Market usually opens for trading at 9.30am for pre-markets. During pre-markets, you can place bids or offers and catch a glimpse of how the prices of stocks and the market as a whole might open officially. Pre-markets close by 10.05am, paving the way for Pre-open adjustments which last for about 10 minutes. The market then officially closes at 10.15am and closes at 2.30pm. You should read about 14.29

READ MORE: https://nairametrics.com/invest-nigerian-stock-exchange/