Yes of course in Nigeria, you can subscribe to an IPO even if you don't currently have a CSCS account or CHN, depending on the specific IPO's approved subscription process. For example, the current NGX guidance says new investors using NGX Invest can complete their profile and skip the CHN/CSCS fielRead more
Yes of course
in Nigeria, you can subscribe to an IPO even if you don’t currently have a CSCS account or CHN, depending on the specific IPO’s approved subscription process.
For example, the current NGX guidance says new investors using NGX Invest can complete their profile and skip the CHN/CSCS field if they are new investors.
Nigerian Exchange Goup
For some IPOs, the process can also create/open the necessary CSCS arrangement through an integrated broker when you apply.
The current Jaiz public-offer guidance, for example, says applicants without an existing CSCS account can select an integrated broker and have an account opened as the application is processed.
Public Offer
What you’ll generally need
BVN
Valid bank account/payment method
Valid identification/KYC details
An approved subscription channel or registered stockbroker
CSCS account/CHN may be obtained as part of the process, depending on the offer.
The SEC specifically advises investors to use only the officially approved receiving agents and subscription channels stated for the offer.
What you should do next Don't rely solely on the SEC portal's registrar dropdown. If your old documents specifically show Intercontinental Bank Plc shares, gather whatever evidence you have: Old Intercontinental Bank share certificate Dividend warrants Previous dividend statements CSCS statement, ifRead more
What you should do next
Don’t rely solely on the SEC portal’s registrar dropdown.
If your old documents specifically show Intercontinental Bank Plc shares, gather whatever evidence you have:
Old Intercontinental Bank share certificate
Dividend warrants
Previous dividend statements
CSCS statement, if available
Shareholder/account number
Your name exactly as it appeared when the shares were registered
Old address and current address
BVN
NIN
Bank account details
Any documentation showing the Intercontinental Bank → Access Bank transaction
Even an old dividend warrant can be very useful.
Approach United Securities Limited directly.
This is particularly important because Access Bank’s own documents identify United Securities Limited as the registrar and provide its contact details. A recent Access Bank dividend revalidation form still directs shareholders to USL for outstanding dividend warrants/return money.
Focus on a skill or activity that people will pay you for. Examples: Electrical/electronics and motor-control work Programming or IT Graphic/video design Digital marketing Sales Skilled trades Freelancing/consulting Small businesses with repeat customers Create a monthly investment amount Don't waitRead more
Focus on a skill or activity that people will pay you for. Examples:
Electrical/electronics and motor-control work
Programming or IT
Graphic/video design
Digital marketing
Sales
Skilled trades
Freelancing/consulting
Small businesses with repeat customers
Create a monthly investment amount
Don’t wait until you are “rich” before investing.
For example, if you eventually earn ₦300,000/month:
Use
Example
Living expenses
₦180,000
Emergency savings
₦30,000
Investment
₦60,000
Skill/business reinvestment
₦30,000
Build an emergency fund first
Before putting a large amount into investments, keep accessible savings for unexpected expenses. A common target is 3–6 months of essential expenses.
Then invest consistently
Depending on your country, goals, risk tolerance and time horizon, investments can include things such as:
Government securities
Money-market funds
Broad diversified stock/index funds
Bonds
Real estate
Your own business/skills
Avoid putting all your money into one investment o, and be particularly cautious about investments promising guaranteed, extremely high returns.
To become someone with financial literacy without prior knowledge Master the basics Start with: Income and expenses Budgeting Saving Needs vs. wants Bank accounts Interest and compound interest Inflation Debt and loans Credit Taxes Insurance Your goal is be able to explain each concept to another teRead more
To become someone with financial literacy without prior knowledge
Master the basics Start with:
Income and expenses
Budgeting
Saving
Needs vs. wants
Bank accounts
Interest and compound interest
Inflation
Debt and loans
Credit
Taxes
Insurance
Your goal is be able to explain each concept to another teenager using a simple example.
Learn how money grows Then study:
Investing vs. saving
Stocks and bonds
Mutual funds and ETFs
Diversification
Risk and return
Long-term investing
Compound growth
Retirement accounts/pensions
Real estate
Entrepreneurship
Don’t rush into trading. Understanding how an investment works is more important than trying to make money from it.
Learn personal finance in your own country Finance is partly universal, but laws and financial products aren’t. Learn how your country’s:
Banking system
Tax system
Pension system
Credit system
Investment markets
Insurance industry
Consumer-protection rules
work.
Learn financial mathematics
You don’t need advanced mathematics. Become extremely comfortable with:
Percentages
Ratios
Simple interest
Compound interest
Present/future value i.e NPV
Inflation-adjusted returns
Loan repayment calculations
Basic statistics
Risk/reward calculations
For example, understand why ₦100,000 growing at 10% annually becomes roughly ₦259,000 after 10 years rather than simply memorizing the answer.
Read financial information
Eventually, don’t just consume financial advice. Learn to read primary information.
Practice interpreting:
Company annual reports
Financial statements
Government budgets
Central-bank announcements
Fund fact sheets
Loan agreements
Insurance policies
Learn the three basic financial statements:
Income statement..Did the business make money?
Balance sheet ..What does it own and owe?
Cash-flow statement… Where did the actual cash go?
CHN = Clearing House Number. It is a unique identification number assigned to you as an investor in Nigeria’s capital market. Think of it as your investor ID within the market. CSCS +1 CSCS = Central Securities Clearing System. This is the institution that keeps the electronic records of your sharesRead more
CHN = Clearing House Number. It is a unique identification number assigned to you as an investor in Nigeria’s capital market. Think of it as your investor ID within the market.
CSCS +1
CSCS = Central Securities Clearing System. This is the institution that keeps the electronic records of your shares and handles clearing and settlement of securities transactions in Nigeria.
CSCS account number is the account associated with your holdings at CSCS, while your CHN identifies you as the investor. CSCS itself sometimes displays them together as CSCS No.
Simple example bro:
If you open an account with a Nigerian stockbroker:
You -Stockbroker- CSCS
You place an order through your stockbroker, but when you buy shares, the shares are recorded/held electronically within the CSCS system, under your investor details/CHN.
So if a broker asks you for your “CHN/CSCS number,” they’re generally asking for the identification/account details connected to your CSCS investment account.
If you tell me the name of the broker you’re opening an account with, I can also explain exactly which number they are asking for and where you can find it.
Can someone without CSCS account and CHN subscribe for IPO?
Yes of course in Nigeria, you can subscribe to an IPO even if you don't currently have a CSCS account or CHN, depending on the specific IPO's approved subscription process. For example, the current NGX guidance says new investors using NGX Invest can complete their profile and skip the CHN/CSCS fielRead more
Yes of course
in Nigeria, you can subscribe to an IPO even if you don’t currently have a CSCS account or CHN, depending on the specific IPO’s approved subscription process.
For example, the current NGX guidance says new investors using NGX Invest can complete their profile and skip the CHN/CSCS field if they are new investors.
Nigerian Exchange Goup
For some IPOs, the process can also create/open the necessary CSCS arrangement through an integrated broker when you apply.
The current Jaiz public-offer guidance, for example, says applicants without an existing CSCS account can select an integrated broker and have an account opened as the application is processed.
Public Offer
What you’ll generally need
BVN
Valid bank account/payment method
Valid identification/KYC details
An approved subscription channel or registered stockbroker
CSCS account/CHN may be obtained as part of the process, depending on the offer.
The SEC specifically advises investors to use only the officially approved receiving agents and subscription channels stated for the offer.
See lessCan I Transfer Funds Between Two InvestNaija Wallets in Nigeria?
No, you can't
No, you can’t
See lesscan I buy dangote IPO multiple times?
No, you can only participate once in an IPO
No, you can only participate once in an IPO
See lessDid Intercontinental Bank Shareholders Receive Shares in the Acquiring Bank?
What you should do next Don't rely solely on the SEC portal's registrar dropdown. If your old documents specifically show Intercontinental Bank Plc shares, gather whatever evidence you have: Old Intercontinental Bank share certificate Dividend warrants Previous dividend statements CSCS statement, ifRead more
What you should do next
Don’t rely solely on the SEC portal’s registrar dropdown.
If your old documents specifically show Intercontinental Bank Plc shares, gather whatever evidence you have:
Old Intercontinental Bank share certificate
Dividend warrants
Previous dividend statements
CSCS statement, if available
Shareholder/account number
Your name exactly as it appeared when the shares were registered
Old address and current address
BVN
NIN
Bank account details
Any documentation showing the Intercontinental Bank → Access Bank transaction
Even an old dividend warrant can be very useful.
Approach United Securities Limited directly.
See lessThis is particularly important because Access Bank’s own documents identify United Securities Limited as the registrar and provide its contact details. A recent Access Bank dividend revalidation form still directs shareholders to USL for outstanding dividend warrants/return money.
What Can I Do to Increase My Income and Start Investing in Nigeria?
Focus on a skill or activity that people will pay you for. Examples: Electrical/electronics and motor-control work Programming or IT Graphic/video design Digital marketing Sales Skilled trades Freelancing/consulting Small businesses with repeat customers Create a monthly investment amount Don't waitRead more
Focus on a skill or activity that people will pay you for. Examples:
Electrical/electronics and motor-control work
Programming or IT
Graphic/video design
Digital marketing
Sales
Skilled trades
Freelancing/consulting
Small businesses with repeat customers
Create a monthly investment amount
Don’t wait until you are “rich” before investing.
For example, if you eventually earn ₦300,000/month:
Use
Example
Living expenses
₦180,000
Emergency savings
₦30,000
Investment
₦60,000
Skill/business reinvestment
₦30,000
Build an emergency fund first
Before putting a large amount into investments, keep accessible savings for unexpected expenses. A common target is 3–6 months of essential expenses.
Then invest consistently
Depending on your country, goals, risk tolerance and time horizon, investments can include things such as:
Government securities
Money-market funds
Broad diversified stock/index funds
Bonds
Real estate
Your own business/skills
Avoid putting all your money into one investment o, and be particularly cautious about investments promising guaranteed, extremely high returns.
See lessWhat Skills Does a Teenager Need to Become a Financial Literacy Expert?
To become someone with financial literacy without prior knowledge Master the basics Start with: Income and expenses Budgeting Saving Needs vs. wants Bank accounts Interest and compound interest Inflation Debt and loans Credit Taxes Insurance Your goal is be able to explain each concept to another teRead more
To become someone with financial literacy without prior knowledge
Master the basics Start with:
Income and expenses
Budgeting
Saving
Needs vs. wants
Bank accounts
Interest and compound interest
Inflation
Debt and loans
Credit
Taxes
Insurance
Your goal is be able to explain each concept to another teenager using a simple example.
Learn how money grows Then study:
Investing vs. saving
Stocks and bonds
Mutual funds and ETFs
Diversification
Risk and return
Long-term investing
Compound growth
Retirement accounts/pensions
Real estate
Entrepreneurship
Don’t rush into trading. Understanding how an investment works is more important than trying to make money from it.
Learn personal finance in your own country Finance is partly universal, but laws and financial products aren’t. Learn how your country’s:
Banking system
Tax system
Pension system
Credit system
Investment markets
Insurance industry
Consumer-protection rules
work.
Learn financial mathematics
You don’t need advanced mathematics. Become extremely comfortable with:
Percentages
Ratios
Simple interest
Compound interest
Present/future value i.e NPV
Inflation-adjusted returns
Loan repayment calculations
Basic statistics
Risk/reward calculations
For example, understand why ₦100,000 growing at 10% annually becomes roughly ₦259,000 after 10 years rather than simply memorizing the answer.
Read financial information
See lessEventually, don’t just consume financial advice. Learn to read primary information.
Practice interpreting:
Company annual reports
Financial statements
Government budgets
Central-bank announcements
Fund fact sheets
Loan agreements
Insurance policies
Learn the three basic financial statements:
Income statement..Did the business make money?
Balance sheet ..What does it own and owe?
Cash-flow statement… Where did the actual cash go?
Is a CHN the Same as a CSCS Account Number in Nigeria?
CHN = Clearing House Number. It is a unique identification number assigned to you as an investor in Nigeria’s capital market. Think of it as your investor ID within the market. CSCS +1 CSCS = Central Securities Clearing System. This is the institution that keeps the electronic records of your sharesRead more
CHN = Clearing House Number. It is a unique identification number assigned to you as an investor in Nigeria’s capital market. Think of it as your investor ID within the market.
CSCS +1
CSCS = Central Securities Clearing System. This is the institution that keeps the electronic records of your shares and handles clearing and settlement of securities transactions in Nigeria.
CSCS account number is the account associated with your holdings at CSCS, while your CHN identifies you as the investor. CSCS itself sometimes displays them together as CSCS No.
Simple example bro:
If you open an account with a Nigerian stockbroker:
You -Stockbroker- CSCS
You place an order through your stockbroker, but when you buy shares, the shares are recorded/held electronically within the CSCS system, under your investor details/CHN.
So if a broker asks you for your “CHN/CSCS number,” they’re generally asking for the identification/account details connected to your CSCS investment account.
See lessIf you tell me the name of the broker you’re opening an account with, I can also explain exactly which number they are asking for and where you can find it.
What is the Meaning of MRF on NGX?
Fantastic, I learnt something new today. I am loving every bit of learning from this platform
Fantastic, I learnt something new today.
See lessI am loving every bit of learning from this platform
Can I Use Different Investment Apps to Buy Shares in the Same Nigerian IPO?
Yes, you can get shares in an investment just like bamboo
Yes, you can get shares in an investment just like bamboo
See lessHow Does Paystack Top-Up Work on InvestNaija for New Investors?
Yeah, so cool
Yeah, so cool
See less