Yes, it is possible for a new CSCS account to be created, but it depends on whether you already had a CSCSlinked when you subscribed. For the Dangote Refinery IPO: If you already had a CSCS account and it was properly linked, your allotted shares should go into that existing account. If you didn't pRead more
Yes, it is possible for a new CSCS account to be created, but it depends on whether you already had a CSCSlinked when you subscribed.
For the Dangote Refinery IPO:
If you already had a CSCS account and it was properly linked, your allotted shares should go into that existing account.
If you didn’t provide an existing CSCS/CHN, a new CSCS account can be created as part of the IPO processing. InvestNaija confirms that applicants without an existing CSCS account can have one opened during processing.
CSCS itself says investors can technically have more than one CSCS account, but recommends maintaining one unique CHN.
In your particular case
Since you subscribed through SmartCash, rather than directly through InvestNaija, don’t assume that the shares will automatically appear in your existing InvestNaija CSCS account.
The important thing is which CSCS/CHN details were attached to your SmartCash IPO application.
If SmartCash didn’t ask you for your existing CSCS/CHN, there is a possibility that the IPO process creates a new account/record for you.
I dont think invest naija has that plan and i think If you receive, for example, ₦5,000 in dividends, instead of taking the ₦5,000 as cash: Dividend, use ₦5,000 to buy more shares, those extra shares can generate future dividends → repeat. That's dividend compounding. For InvestNaija specifically ThRead more
I dont think invest naija has that plan and i think
If you receive, for example, ₦5,000 in dividends, instead of taking the ₦5,000 as cash:
Dividend, use ₦5,000 to buy more shares, those extra shares can generate future dividends → repeat.
That’s dividend compounding.
For InvestNaija specifically
The safest way is to ask InvestNaija whether automatic dividend reinvestment is currently supported for the specific shares you hold. Their official support details list:
Yes, penny stock prices can appreciate in the future. Because they trade at very low prices, even a small increase in naira value translates to a massive percentage gain. However, the vast majority of penny stocks fail or dilute their shareholders, so finding the rare winners requires strict fundameRead more
Yes, penny stock prices can appreciate in the future. Because they trade at very low prices, even a small increase in naira value translates to a massive percentage gain. However, the vast majority of penny stocks fail or dilute their shareholders, so finding the rare winners requires strict fundamental evaluation rather than relying on hype.
Before investing in a penny stock, evaluating the core fundamentals can help separate legitimate businesses from risky traps.
First:
Financial Health & Balance Sheet:
Check if the company has enough cash on hand to fund its operations for at least 12–18 months without having to issue more shares (which dilutes your ownership) or default on debt.
Revenue Growth: Look for consistent or accelerating top-line revenue, even if the company isn’t profitable yet.
Operating Cash Flow: Check whether the business is bringing in cash from its core activities or merely burning through capital to stay afloat.
Management & Business Model:
Research the CEO and board members. Do they have a history of building profitable businesses, or do they jump between failing penny-stock companies while paying themselves high salaries?
Determine whether the company has an actual product generating real sales or if its business relies mostly on vague press releases and buzzwords (e.g., AI, biotech breakthroughs).
Can you easily get your money back? (Liquidity)
What it means: If you want to sell your stock, is there a buyer ready, or will you be stuck holding it?
In simple terms: If you decide you don’t want to be in the business anymore, can you quickly get your cash back, or will you be stuck sitting at the market stall all day trying to find someone willing to buy your share?
If you already have a CSCS account but can no longer access it: Try the CSCS portal's password-recovery option. The current CSCS portal provides a “Forgot Password” option and asks for details including the username and CHN. If the account itself is inactive or dormant, CSCS has a formal account re-Read more
If you already have a CSCS account but can no longer access it:
Try the CSCS portal’s password-recovery option. The current CSCS portal provides a “Forgot Password” option and asks for details including the username and CHN.
If the account itself is inactive or dormant, CSCS has a formal account re-opening service for previously closed, inactive or dormant accounts. This can restore the account so the investor can resume trading and receive dividends.
If the main problem is unpaid dividends, the investor should contact the registrar of the company that declared the dividend. CSCS specifically advises investors to contact their registrars for dividend and bonus claims.
You should also make sure their e-dividend mandate/bank details are properly registered and up to date. E-dividend registration is what allows dividends to be paid directly into the nominated bank account.
Let me explain this as regard investnaija app for investment For a 3-year-old child, InvestNaija now provides a Dependant Account. A parent or guardian can create it from their existing InvestNaija account rather than creating a completely separate adult account for the child. How it works on InvestRead more
Let me explain this as regard investnaija app for investment
For a 3-year-old child, InvestNaija now provides a Dependant Account. A parent or guardian can create it from their existing InvestNaija account rather than creating a completely separate adult account for the child.
How it works on InvestNaija
Think of it like this:
Parent/Guardian’s InvestNaija account → Add Dependant → Child’s Minor Account
The parent/guardian:
Logs into their InvestNaija app.
Goes to their Profile.
Selects “Add Dependant.”
Enters the child’s details, including the child’s NIN.
Uploads the child’s passport-style photograph and birth certificate.
InvestNaija reviews and approves the application.
The parent/guardian’s own InvestNaija profile must be fully verified and at least Tier 2 KYC before opening the dependant account.
So, what account should you open?
For a 3-year-old, it would be a Dependant Account, rather than an ordinary adult investment account.
This is different from simply putting the child’s money into the parent’s personal investment account because the InvestNaija feature is specifically designed to allow parents/guardians to create an investment account for minors. InvestNaija’s recent app updates also specifically mention the ability to open and manage Minor Accounts for children.
Business performance = how well the company is actually doing. Things you can look at include: Revenue — is the company making more money? Profit — is profit increasing? Debt — is the company taking on too much debt? Cash flow — is the business generating cash? Assets and liabilities Earnings per shRead more
Business performance = how well the company is actually doing.
Things you can look at include:
Revenue — is the company making more money?
Profit — is profit increasing?
Debt — is the company taking on too much debt?
Cash flow — is the business generating cash?
Assets and liabilities
Earnings per share (EPS)
Share price = the price investors are currently willing to pay for one share of the company in the stock market.
The important part
A company’s business can be performing well while its share price falls, and the opposite can also happen.
For example:
Company A’s profit increases from ₦10 billion to ₦15 billion.
That’s an improvement in business performance.
But if investors expected ₦20 billion and are disappointed, they might sell the shares, causing the share price to fall.
Conversely:
A company may currently have weak profits, but investors expect the business to improve significantly in the future.
More people may buy the shares, causing the share price to rise.
2. Fidelity Bank shares purchased in 2024 but cannot be found The eventual allotment would have been credited to your CSCS accounts. All allotment announcement always states that investors without CSCS accounts would have their shares credited using a Registrar Identification Number (RIN). What ypuRead more
2. Fidelity Bank shares purchased in 2024 but cannot be found
The eventual allotment would have been credited to your CSCS accounts. All allotment announcement always states that investors without CSCS accounts would have their shares credited using a Registrar Identification Number (RIN).
What ypu need to know is that Fidelity Bank identifies First Registrars & Investor Services Limited as the registrar to contact for shareholding enquiries, including transfer-of-share matters.
So therefore,
Contact Fidelity Bank’s registrar (First Registrars) → provide your identification/application details → ask them to confirm your allotment and CSCS → once the shares are located, arrange for them to be linked/transferred to the appropriate broker account.
it is save before you spend This financial principle is often called "Pay Yourself First"—means that the moment you receive your salary, you automatically set aside your savings before you spend money on living expenses, bills, or non-essentials. If you save only what is left over after spending, thRead more
it is save before you spend
This financial principle is often called “Pay Yourself First”—means that the moment you receive your salary, you automatically set aside your savings before you spend money on living expenses, bills, or non-essentials.
If you save only what is left over after spending, there is rarely anything left to save.
that is why you need to form the habit of saving atleast 10 % from your salary.
Let me tell you how this can hel
The Power of Saving 10% First
When you save at least 10% of your salary upfront, you do not just build a financial safety net; you gain capital that you can invest back into yourself to increase your earning power.
Here is how saving 10% creates a continuous cycle to grow your salary:
Builds Capital for Self-Investment:
Saving 10% creates a dedicated pool of money. Instead of letting that cash sit idle, you can spend it on resources that make you more valuable in the job market or in business:
Skill Acquisition: Paying for professional certifications, specialized courses, or technical training.
Tools & Technology: Upgrading equipment, software, or tools that increase your work efficiency and productivity.
Networking & Mentorship: Attending industry conferences, joining professional associations, or taking key people to lunch to build career-advancing connections.
Unlocks Higher Earning Potential:
As you use that 10% to acquire new skills and credentials, your value as a professional increases. This puts you in a position to negotiate a raise, apply for higher-paying positions, or launch higher-value side services.
Creates the Upward Growth Loop:
You earn a base salary.
You immediately save 10% and invest it in high-return self-development.
Your enhanced skills lead to a salary increase.
Your new 10% savings amount is higher in total dollars, allowing for even greater future investments in yourself.
That sounds like a balanced approach. Moving a portion from the MMF into equities while keeping most of your funds in the MMF gives you some exposure to potential equity upside without taking on too much risk at once. Reassessing after the next NTB auction and MPC reading also makes sense, since theRead more
That sounds like a balanced approach. Moving a portion from the MMF into equities while keeping most of your funds in the MMF gives you some exposure to potential equity upside without taking on too much risk at once. Reassessing after the next NTB auction and MPC reading also makes sense, since the rate environment could influence where the better risk-adjusted opportunities are.
Will My Dangote IPO Shares Be Credited to My Existing CSCS Account?
Yes, it is possible for a new CSCS account to be created, but it depends on whether you already had a CSCSlinked when you subscribed. For the Dangote Refinery IPO: If you already had a CSCS account and it was properly linked, your allotted shares should go into that existing account. If you didn't pRead more
Yes, it is possible for a new CSCS account to be created, but it depends on whether you already had a CSCSlinked when you subscribed.
For the Dangote Refinery IPO:
If you already had a CSCS account and it was properly linked, your allotted shares should go into that existing account.
If you didn’t provide an existing CSCS/CHN, a new CSCS account can be created as part of the IPO processing. InvestNaija confirms that applicants without an existing CSCS account can have one opened during processing.
CSCS itself says investors can technically have more than one CSCS account, but recommends maintaining one unique CHN.
In your particular case
Since you subscribed through SmartCash, rather than directly through InvestNaija, don’t assume that the shares will automatically appear in your existing InvestNaija CSCS account.
The important thing is which CSCS/CHN details were attached to your SmartCash IPO application.
If SmartCash didn’t ask you for your existing CSCS/CHN, there is a possibility that the IPO process creates a new account/record for you.
See lessHow do I set up a dividend reinvestment plan on InvestNaija?
I dont think invest naija has that plan and i think If you receive, for example, ₦5,000 in dividends, instead of taking the ₦5,000 as cash: Dividend, use ₦5,000 to buy more shares, those extra shares can generate future dividends → repeat. That's dividend compounding. For InvestNaija specifically ThRead more
I dont think invest naija has that plan and i think
If you receive, for example, ₦5,000 in dividends, instead of taking the ₦5,000 as cash:
Dividend, use ₦5,000 to buy more shares, those extra shares can generate future dividends → repeat.
That’s dividend compounding.
For InvestNaija specifically
The safest way is to ask InvestNaija whether automatic dividend reinvestment is currently supported for the specific shares you hold. Their official support details list:
Phone: 0700-INVEST-NAIJA
See lessEmail: info@investnaija.com / insupport@investnaija.com
Can Penny Stocks Increase in Value Over Time in Nigeria?
Yes, penny stock prices can appreciate in the future. Because they trade at very low prices, even a small increase in naira value translates to a massive percentage gain. However, the vast majority of penny stocks fail or dilute their shareholders, so finding the rare winners requires strict fundameRead more
Yes, penny stock prices can appreciate in the future. Because they trade at very low prices, even a small increase in naira value translates to a massive percentage gain. However, the vast majority of penny stocks fail or dilute their shareholders, so finding the rare winners requires strict fundamental evaluation rather than relying on hype.
Before investing in a penny stock, evaluating the core fundamentals can help separate legitimate businesses from risky traps.
First:
Financial Health & Balance Sheet:
Check if the company has enough cash on hand to fund its operations for at least 12–18 months without having to issue more shares (which dilutes your ownership) or default on debt.
Revenue Growth: Look for consistent or accelerating top-line revenue, even if the company isn’t profitable yet.
Operating Cash Flow: Check whether the business is bringing in cash from its core activities or merely burning through capital to stay afloat.
Management & Business Model:
Research the CEO and board members. Do they have a history of building profitable businesses, or do they jump between failing penny-stock companies while paying themselves high salaries?
Determine whether the company has an actual product generating real sales or if its business relies mostly on vague press releases and buzzwords (e.g., AI, biotech breakthroughs).
Can you easily get your money back? (Liquidity)
What it means: If you want to sell your stock, is there a buyer ready, or will you be stuck holding it?
In simple terms: If you decide you don’t want to be in the business anymore, can you quickly get your cash back, or will you be stuck sitting at the market stall all day trying to find someone willing to buy your share?
See lessHow Can I Recover My CSCS Account and Claim Unpaid Dividends in Nigeria?
If you already have a CSCS account but can no longer access it: Try the CSCS portal's password-recovery option. The current CSCS portal provides a “Forgot Password” option and asks for details including the username and CHN. If the account itself is inactive or dormant, CSCS has a formal account re-Read more
If you already have a CSCS account but can no longer access it:
Try the CSCS portal’s password-recovery option. The current CSCS portal provides a “Forgot Password” option and asks for details including the username and CHN.
If the account itself is inactive or dormant, CSCS has a formal account re-opening service for previously closed, inactive or dormant accounts. This can restore the account so the investor can resume trading and receive dividends.
If the main problem is unpaid dividends, the investor should contact the registrar of the company that declared the dividend. CSCS specifically advises investors to contact their registrars for dividend and bonus claims.
You should also make sure their e-dividend mandate/bank details are properly registered and up to date. E-dividend registration is what allows dividends to be paid directly into the nominated bank account.
See lessHow Can I Open a Stock Investment Account for a 3-Year-Old Child in Nigeria?
Let me explain this as regard investnaija app for investment For a 3-year-old child, InvestNaija now provides a Dependant Account. A parent or guardian can create it from their existing InvestNaija account rather than creating a completely separate adult account for the child. How it works on InvestRead more
Let me explain this as regard investnaija app for investment
For a 3-year-old child, InvestNaija now provides a Dependant Account. A parent or guardian can create it from their existing InvestNaija account rather than creating a completely separate adult account for the child.
How it works on InvestNaija
Think of it like this:
Parent/Guardian’s InvestNaija account → Add Dependant → Child’s Minor Account
The parent/guardian:
Logs into their InvestNaija app.
Goes to their Profile.
Selects “Add Dependant.”
Enters the child’s details, including the child’s NIN.
Uploads the child’s passport-style photograph and birth certificate.
InvestNaija reviews and approves the application.
The parent/guardian’s own InvestNaija profile must be fully verified and at least Tier 2 KYC before opening the dependant account.
So, what account should you open?
For a 3-year-old, it would be a Dependant Account, rather than an ordinary adult investment account.
This is different from simply putting the child’s money into the parent’s personal investment account because the InvestNaija feature is specifically designed to allow parents/guardians to create an investment account for minors. InvestNaija’s recent app updates also specifically mention the ability to open and manage Minor Accounts for children.
See lessWhat Is the Difference Between Share Price and Business Performance on NGX?
Business performance = how well the company is actually doing. Things you can look at include: Revenue — is the company making more money? Profit — is profit increasing? Debt — is the company taking on too much debt? Cash flow — is the business generating cash? Assets and liabilities Earnings per shRead more
Business performance = how well the company is actually doing.
Things you can look at include:
Revenue — is the company making more money?
Profit — is profit increasing?
Debt — is the company taking on too much debt?
Cash flow — is the business generating cash?
Assets and liabilities
Earnings per share (EPS)
Share price = the price investors are currently willing to pay for one share of the company in the stock market.
The important part
A company’s business can be performing well while its share price falls, and the opposite can also happen.
For example:
Company A’s profit increases from ₦10 billion to ₦15 billion.
That’s an improvement in business performance.
But if investors expected ₦20 billion and are disappointed, they might sell the shares, causing the share price to fall.
Conversely:
A company may currently have weak profits, but investors expect the business to improve significantly in the future.
More people may buy the shares, causing the share price to rise.
See lessShould You Save Before Spending or Spend Before Saving?
i agree with that too
i agree with that too
See lessHow Can I Transfer My NGX Shares to a Broker and Trace My Fidelity Bank Shares?
2. Fidelity Bank shares purchased in 2024 but cannot be found The eventual allotment would have been credited to your CSCS accounts. All allotment announcement always states that investors without CSCS accounts would have their shares credited using a Registrar Identification Number (RIN). What ypuRead more
2. Fidelity Bank shares purchased in 2024 but cannot be found
The eventual allotment would have been credited to your CSCS accounts. All allotment announcement always states that investors without CSCS accounts would have their shares credited using a Registrar Identification Number (RIN).
What ypu need to know is that Fidelity Bank identifies First Registrars & Investor Services Limited as the registrar to contact for shareholding enquiries, including transfer-of-share matters.
See lessSo therefore,
Contact Fidelity Bank’s registrar (First Registrars) → provide your identification/application details → ask them to confirm your allotment and CSCS → once the shares are located, arrange for them to be linked/transferred to the appropriate broker account.
Should You Save Before Spending or Spend Before Saving?
it is save before you spend This financial principle is often called "Pay Yourself First"—means that the moment you receive your salary, you automatically set aside your savings before you spend money on living expenses, bills, or non-essentials. If you save only what is left over after spending, thRead more
it is save before you spend
This financial principle is often called “Pay Yourself First”—means that the moment you receive your salary, you automatically set aside your savings before you spend money on living expenses, bills, or non-essentials.
If you save only what is left over after spending, there is rarely anything left to save.
that is why you need to form the habit of saving atleast 10 % from your salary.
Let me tell you how this can hel
The Power of Saving 10% First
When you save at least 10% of your salary upfront, you do not just build a financial safety net; you gain capital that you can invest back into yourself to increase your earning power.
Here is how saving 10% creates a continuous cycle to grow your salary:
Builds Capital for Self-Investment:
Saving 10% creates a dedicated pool of money. Instead of letting that cash sit idle, you can spend it on resources that make you more valuable in the job market or in business:
Skill Acquisition: Paying for professional certifications, specialized courses, or technical training.
Tools & Technology: Upgrading equipment, software, or tools that increase your work efficiency and productivity.
Networking & Mentorship: Attending industry conferences, joining professional associations, or taking key people to lunch to build career-advancing connections.
Unlocks Higher Earning Potential:
As you use that 10% to acquire new skills and credentials, your value as a professional increases. This puts you in a position to negotiate a raise, apply for higher-paying positions, or launch higher-value side services.
Creates the Upward Growth Loop:
You earn a base salary.
You immediately save 10% and invest it in high-return self-development.
Your enhanced skills lead to a salary increase.
Your new 10% savings amount is higher in total dollars, allowing for even greater future investments in yourself.
See lessShould I rebalance my portfolio from money market funds to equity funds after an MPR cut?
That sounds like a balanced approach. Moving a portion from the MMF into equities while keeping most of your funds in the MMF gives you some exposure to potential equity upside without taking on too much risk at once. Reassessing after the next NTB auction and MPC reading also makes sense, since theRead more
That sounds like a balanced approach. Moving a portion from the MMF into equities while keeping most of your funds in the MMF gives you some exposure to potential equity upside without taking on too much risk at once. Reassessing after the next NTB auction and MPC reading also makes sense, since the rate environment could influence where the better risk-adjusted opportunities are.
See less