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A guide to buying Nigerian stock

Investing in stocks can be an exciting journey, and the Nigerian Stock Exchange (NGX) offers opportunities for both seasoned investors and beginners. Here are some key points to consider:

Understand Shares:

  • Shares represent ownership in a company. When you own shares, you own a fraction of the company and are entitled to assets and earnings.

Outstanding shares are those held by external investors.

The Nigerian Exchange Group (NGX):


  • The NGX, formerly known as the Lagos Stock Exchange, serves Nigeria—the largest economy in Africa.
  • It facilitates trading of equities (stocks) listed by public companies.
  • The NGX is well-regulated by the Securities and Exchange Commission of Nigeria.

How to Buy Shares:

  • Find a stockbroker or use a share trading app to facilitate your trades.
  • Research brokers, compare fees, and choose one that suits your needs.
  • Register with the chosen broker.
  • Fund your trading account.
  • Research companies and decide which shares to purchase.
  • Determine the quantity of shares to buy.
  • Place an order to purchase shares.

Remember, investing involves risks, so make informed decisions and consider seeking financial advice.

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