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 […]
How To Become a Stockbroker 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
Duties of a Stockbroker 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
Requirements to Claim Your Late Parent’s Shares 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
Guide on How To Claim Dividends of Your Shares 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
Pros and Cons of Investing In Nigerian Treasury Bills 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
Primary Dealer Market Makers in Nigeria: Their Functions and List of PDMMs 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.
Buying FGN Savings Bond, Its Benefits and Downsides Read More »
The October 2023 report by the National Lottery Trust Fund (NLTF) claimed that over 65 million Nigerians engage in betting daily, spending an average of $15 calls for scrutiny. By this claim, this translates to $975million daily, $29.2Billion per month, and not less than $351billion per year on bet spending. If Nigerian bettors are committing
FACT CHECK: Do Nigerians Spend $975million on Online Betting Daily? Read More »
If you bought shares of Guinness Nigeria a few years ago, your name might be on the list of 45,759 unclaimed dividends recently published by the company. As of June 30, 2023, Nigeria Guinness says its Dividend 93 booklet contains names of shareholders whose dividend warrants were returned unclaimed “because their address could not be
There are 41 inactive stockbrokers on the Nigerian Exchange (NGX), 30 of them have inadequate shareholder funds while 11 of them were reclassified to sub-brokers with the SEC. According to the stock exchange, inactive stockbrokers can’t actively participate in trading until they meet NGX rules on capital adequacy for Trading License Holders. What of inactive
List of Inactive Stockbrokers in Nigeria Read More »
The best of Business news, in your inbox.
