For a beginner, both a stockbroker and an investment app can be good options, but I would recommend a regulated investment app for convenience. The key is to ensure that the app works with a SEC-registered stockbroker and provides proper documentation of your investments. For example, InvestNaija isRead more
For a beginner, both a stockbroker and an investment app can be good options, but I would recommend a regulated investment app for convenience.
The key is to ensure that the app works with a SEC-registered stockbroker and provides proper documentation of your investments.
For example, InvestNaija is an investment platform backed by Chapel Hill Denham, a registered Nigerian investment firm, so you can invest digitally without necessarily visiting a broker’s office.
You don’t necessarily need to visit a stockbroker’s office before you can invest in Nigerian stocks.
Before opening an account, verify the platform and the broker behind it through the SEC Nigeria register.
Also check the fees, withdrawal process, customer support, and how your shares are held.
If you want to buy shares listed on the NGX, the stockbroker executes the transaction on your behalf.
For Dangote-related investments, first confirm exactly which company or public offer you are buying, because not every Dangote business is itself a listed stock.
As a beginner, avoid putting all your money into one company, regardless of how promising it looks.
Start with an amount you can afford to leave invested, learn about the companies you’re buying, and choose the regulated broker first and the app second, because the app is simply the platform through which you access your investment.
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it's pays quarterly dividends (four times a year) Secondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source) You can sell whenever you want through your broker subjected to market price andRead more
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it’s pays quarterly dividends (four times a year)
Secondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source)
You can sell whenever you want through your broker subjected to market price and available buyer
Your capital is not guaranteed although NIDF do not usually fluctuate like other stock
Fokona is a free financial platform where you get to learn financial education In layman language. You get to ask questions and people that have successfully passed through that stage help you out. It's more of a financial community . And Mama Ngozi AI is your virtual assistant in fokona
Fokona is a free financial platform where you get to learn financial education In layman language. You get to ask questions and people that have successfully passed through that stage help you out.
It’s more of a financial community .
And Mama Ngozi AI is your virtual assistant in fokona
If you have been following fokona journey since inception, you should have noticed that they are taking everything step by step. The time would come when fokona app would be live.
If you have been following fokona journey since inception, you should have noticed that they are taking everything step by step.
The time would come when fokona app would be live.
This as been made simple by Invest9ja, If you have an existing invest9ja account for yourself, You can now create a dependent account for your nephew if he's under 18. All you need to do is to go to your profile, you will see add a dependent account, You fill the form and it's done. You would be neeRead more
This as been made simple by Invest9ja,
If you have an existing invest9ja account for yourself,
You can now create a dependent account for your nephew if he’s under 18.
All you need to do is to go to your profile, you will see add a dependent account,
You fill the form and it’s done.
You would be needing your nephew passport, nin and birth certificate.
This depends on the fund you wanted to get. It depends on the fund rule. But For you to invest in mutual funds in invest9ja, you need a minimum of 5000 naria. And you can too it up with a minimum of 1000 naria each time you want to.
This depends on the fund you wanted to get. It depends on the fund rule.
But For you to invest in mutual funds in invest9ja, you need a minimum of 5000 naria.
And you can too it up with a minimum of 1000 naria each time you want to.
Buying Stocks is you buying ownership Treasury bills is you lending government your money for a certain period of time based on your agreement. Mutual funds is you giving a professional your money to manage for you. The professional invest the money alongside other people money into treasure bills,Read more
Buying Stocks is you buying ownership
Treasury bills is you lending government your money for a certain period of time based on your agreement.
Mutual funds is you giving a professional your money to manage for you. The professional invest the money alongside other people money into treasure bills, bonds, stocks.
Before you choose the one you would like to invest in, you have to know your risk appetite.
That’s how Much rist you can take and your investment goal. If you investment goal is short the it’s best for you to go for mutual funds and treasure bills.
But If your investment goal is a long term goal then go for stock.
Portfolio is like your personal store where all you own are stored for you to view it. Watchlist are the stocks you kept but you don't own. You keep them to look at it's performance for the mean time to decide maybe you can can buy it. Gainer is the list the list of those that perform well for the dRead more
Portfolio is like your personal store where all you own are stored for you to view it.
Watchlist are the stocks you kept but you don’t own. You keep them to look at it’s performance for the mean time to decide maybe you can can buy it.
Gainer is the list the list of those that perform well for the day
Loser is the list of those that didn’t perform well for the day
Should beginners buy Nigerian stocks through a stockbroker or investment app?
For a beginner, both a stockbroker and an investment app can be good options, but I would recommend a regulated investment app for convenience. The key is to ensure that the app works with a SEC-registered stockbroker and provides proper documentation of your investments. For example, InvestNaija isRead more
For a beginner, both a stockbroker and an investment app can be good options, but I would recommend a regulated investment app for convenience.
See lessThe key is to ensure that the app works with a SEC-registered stockbroker and provides proper documentation of your investments.
For example, InvestNaija is an investment platform backed by Chapel Hill Denham, a registered Nigerian investment firm, so you can invest digitally without necessarily visiting a broker’s office.
You don’t necessarily need to visit a stockbroker’s office before you can invest in Nigerian stocks.
Before opening an account, verify the platform and the broker behind it through the SEC Nigeria register.
Also check the fees, withdrawal process, customer support, and how your shares are held.
If you want to buy shares listed on the NGX, the stockbroker executes the transaction on your behalf.
For Dangote-related investments, first confirm exactly which company or public offer you are buying, because not every Dangote business is itself a listed stock.
As a beginner, avoid putting all your money into one company, regardless of how promising it looks.
Start with an amount you can afford to leave invested, learn about the companies you’re buying, and choose the regulated broker first and the app second, because the app is simply the platform through which you access your investment.
Is Wema Bank One of the Approved Banks for the Dangote Refinery IPO?
Yes wema is part of the approved application channel
Yes wema is part of the approved application channel
See lessHow does nidf work in Nigeria?
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it's pays quarterly dividends (four times a year) Secondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source) You can sell whenever you want through your broker subjected to market price andRead more
Firstly,NIDF pays a fixed amount per unit not a percentage of your investment and it’s pays quarterly dividends (four times a year)
See lessSecondly, Dividends are subject to withholding tax in Nigeria (10% deducted at source)
You can sell whenever you want through your broker subjected to market price and available buyer
Your capital is not guaranteed although NIDF do not usually fluctuate like other stock
How many hours does it take to redeem a money market fund in Nigeria?
it takes between 24-48 hours for working days (Monday to Friday)
it takes between 24-48 hours for working days (Monday to Friday)
See lessWhat is Fokona all about? And What is Mama Ngozi AI?
Fokona is a free financial platform where you get to learn financial education In layman language. You get to ask questions and people that have successfully passed through that stage help you out. It's more of a financial community . And Mama Ngozi AI is your virtual assistant in fokona
Fokona is a free financial platform where you get to learn financial education In layman language. You get to ask questions and people that have successfully passed through that stage help you out.
See lessIt’s more of a financial community .
And Mama Ngozi AI is your virtual assistant in fokona
When Will the Fokona App Be Available ?
If you have been following fokona journey since inception, you should have noticed that they are taking everything step by step. The time would come when fokona app would be live.
If you have been following fokona journey since inception, you should have noticed that they are taking everything step by step.
See lessThe time would come when fokona app would be live.
How Can I Open an InvestNaija Account for My Nephew in Nigeria?
This as been made simple by Invest9ja, If you have an existing invest9ja account for yourself, You can now create a dependent account for your nephew if he's under 18. All you need to do is to go to your profile, you will see add a dependent account, You fill the form and it's done. You would be neeRead more
This as been made simple by Invest9ja,
See lessIf you have an existing invest9ja account for yourself,
You can now create a dependent account for your nephew if he’s under 18.
All you need to do is to go to your profile, you will see add a dependent account,
You fill the form and it’s done.
You would be needing your nephew passport, nin and birth certificate.
What Is the Minimum Amount Needed to Start Investing in a Money Market Mutual Fund in Nigeria?
This depends on the fund you wanted to get. It depends on the fund rule. But For you to invest in mutual funds in invest9ja, you need a minimum of 5000 naria. And you can too it up with a minimum of 1000 naria each time you want to.
This depends on the fund you wanted to get. It depends on the fund rule.
See lessBut For you to invest in mutual funds in invest9ja, you need a minimum of 5000 naria.
And you can too it up with a minimum of 1000 naria each time you want to.
What Is the Best Investment for ₦20,000 in Nigeria for the First Time?
Buying Stocks is you buying ownership Treasury bills is you lending government your money for a certain period of time based on your agreement. Mutual funds is you giving a professional your money to manage for you. The professional invest the money alongside other people money into treasure bills,Read more
Buying Stocks is you buying ownership
Treasury bills is you lending government your money for a certain period of time based on your agreement.
Mutual funds is you giving a professional your money to manage for you. The professional invest the money alongside other people money into treasure bills, bonds, stocks.
Before you choose the one you would like to invest in, you have to know your risk appetite.
See lessThat’s how Much rist you can take and your investment goal. If you investment goal is short the it’s best for you to go for mutual funds and treasure bills.
But If your investment goal is a long term goal then go for stock.
What Do Gainers and Losers Mean on the NGX App?
Portfolio is like your personal store where all you own are stored for you to view it. Watchlist are the stocks you kept but you don't own. You keep them to look at it's performance for the mean time to decide maybe you can can buy it. Gainer is the list the list of those that perform well for the dRead more
Portfolio is like your personal store where all you own are stored for you to view it.
See lessWatchlist are the stocks you kept but you don’t own. You keep them to look at it’s performance for the mean time to decide maybe you can can buy it.
Gainer is the list the list of those that perform well for the day
Loser is the list of those that didn’t perform well for the day