What is NGX Invest? NGX Invest is a digital platform that allows users to purchase rights issue and public offers of publicly traded companies right on their mobile device. The platform allows everyone who is 18 years and above to invest in companies that are listed on the Nigeria Exchange (NGX). The platform was launched … Read more
Celebrities are now using their popularity to lure their millions of followers into an investment scheme that could consume their life savings. So, you shouldn’t be excited about the recent launch of a memecoin “Timeless Davido” or $DAVIDO by Afrobeat star David Adeleke aka Davido. Singers such as him, Rema, and a former controversial senator … Read more
Trading apps have become an integral part of how everyday investors manage their portfolios and execute trades. Trading apps provide easy access to financial markets, allowing users to buy and sell stocks, ETFs, options, cryptocurrencies and more right from their smartphones. As technology continues to advance, so do the capabilities of these trading platforms. Let’s … Read more
A degree is okay to practice as a stockbroker, but most employers in the United States, United Kingdom, and Nigeria would prefer a degree holder in Economics, Finance, Accounting, Banking and Finance, Marketing, and Business Administration plus a professional certification. The body that issues the professional certificate to stockbrokers varies from country to country. Here … Read more
A stockbroker is a person or company that buys and sells stocks and other investments to individuals, companies, and other financial market participants in return for a commission or fee. They act as a financial advisor and investment manager. Their Roles Investment advisor They provide investment advice to their clients. Not just advice, but must … Read more
Most times, claiming the investment holdings, including stocks, bonds, and other securities of a deceased family member involves a tedious legal process, especially if the deceased died intestate (without a Will). So, if your parent, grandparent, spouse, or any family member has passed away without leaving a will, you might have a backlog of unclaimed … Read more
You might be among the owners of over N190 Billion in unclaimed dividends if you purchased shares from a company many years ago and haven’t checked back since then. You or your family member could have millions or billions of naira sitting dormant somewhere, waiting to be claimed. This guide will show you how to … Read more
In recent times, Nigerian Treasury Bills were being oversubscribed, indicating great demand by investors. Takeaways: For investors who are interested in government money market instruments, most of them prefer the ones that have a short-term maturity period, that’s one of the reasons they go for FGN T-Bills. If you’ve never invested in FGN securities that … Read more
Primary Dealer Market Makers (PDMMs) are banks or other financial institutions that are appointed by the Debt Management Office (DMO) to act as authorized dealers in selling bonds of the Federal Government of Nigeria (FGN bonds). Understanding PDMMs in Nigeria PDMMs is a system put in place by DMO whereby some financial institutions are given an exclusive right to purchase/underwrite all government securities issued … Read more
FGN Savings Bonds (FGNSB) are government-issued debt securities of the Federal Government of Nigeria FGN Savings Bonds in Nigeria are designed to be long-term investments just like Series EE and Series I bonds in the United States. We will explore the meaning of FGN savings bonds, interest payments, and how to subscribe to FG-backed securities. … Read more