STOCK & CAPITAL MARKET
This section helps you understand financial literacy in Nigeria in a simple and practical way. Learn how money works, how to save, budget, and build wealth step by step. You can ask questions and get clear answers that help you make better financial decisions in your everyday life.
Share
How do I know if I have two CSCS number?
First… Yes — it is possible to have two CSCS numbers. And it does NOT mean anything is wrong. It simply means the shares were bought at different times through different channels. Let Me Explain Using a Simple Story ( Just Like Iking Ferry😌😁) Imagine you opened a bank account in 2014 at one branch.Read more
First…
Yes — it is possible to have two CSCS numbers.
And it does NOT mean anything is wrong.
It simply means the shares were bought at different times through different channels.
Let Me Explain Using a Simple Story ( Just Like Iking Ferry😌😁)
Imagine you opened a bank account in 2014 at one branch.
Then in 2024 you opened another account using a mobile banking app.
Does that mean the first account disappeared?
No.
You now just have two accounts in the same banking system.
That is exactly what is happening here.
Now Let’s Understand What Really Happened
1. The IPO You Bought 10 Years Ago
When you bought those bank shares through IPO:
• Your name was registered with the company registrar
• A CSCS number was created for you (even if you never saw it)
• Dividends were sent directly to you
So yes… you already had a CSCS account long ago.
2. The New Shares You Bought Through Bamboo
When you used Bamboo:
• The platform created a new trading account for you
• A new CSCS number may have been generated
• You were also given something called an NCH number
Now here is the key thing to understand.
What Is the Difference?
CSCS Number
This is where your Nigerian shares are stored.
Think of it as a vault that keeps your shares safe.
NCH Number
This is simply a trading account number created by the broker/app you are using.
It is not the same as CSCS.
It is just the ID the broker uses to manage your trades.
So How Do You Know If You Truly Have Two CSCS Numbers?
Very simple.
You just need to confirm using one of these methods:
Option 1: Contact a Stockbroker
Give them:
• Your full name
• Phone number
• Bank details used for dividend
They can search the CSCS system and confirm if more than one account exists under your name.
Option 2: Request a CSCS Statement
Ask for:
“Full CSCS account search under my name.”
If there are two accounts, it will show.
Option 3: Check Your Old Dividend Messages
Sometimes the CSCS number is hidden inside:
• old dividend alerts
• registrar messages
• e-dividend registration forms
Important Advice (Don’t Ignore This Part)
If you truly have two CSCS accounts,
you should merge them.
Why?
Because leaving them separate can cause:
• missing dividends
• confusion during share sales
• problems when transferring shares later
Let Me Be Honest With You
This is not a big problem.
Thousands of Nigerians who bought shares during:
• bank recapitalization period
• old IPO era
• public share offers
now have more than one CSCS account.
The good news?
It can be corrected easily once you verify it.
Final Truth
The issue is not that you made a mistake.
The issue is simply that the system has changed over the years — from paper shares to digital trading apps.
So don’t panic.
Just confirm:
• Do I truly have two CSCS numbers?
• Which one is holding my old shares?
• Which one is holding the new shares?
Once you answer those three questions, everything becomes clear.
I am Rose Ejituru
See lessHow Long Does It Take to Receive Dividends After E-Dividend Registration?
1.
1.
See lessHow Can Nigeria Attract Foreign Direct Investment (FDI) into Agriculture to Boost Exports and Earn Forex?
By encouraging farmers to constitute themselves into groups with a proper companies structure that enhances getting registering onboard the Nigerian Stock exchange for corporate patronage of their stocks and shares to enable investors have confidence to trade their shares and increase their value
By encouraging farmers to constitute themselves into groups with a proper companies structure that enhances getting registering onboard the Nigerian Stock exchange for corporate patronage of their stocks and shares to enable investors have confidence to trade their shares and increase their value
See lessWhat is the best way to begin stock investment?
The best way to begin stock investment is to open a brokerage account with a registered stock broker. Secondly, invest in blue-chip stocks, they are big, strong, popular and also pay dividends. Thirdly, ensure to diversify. Diversification helps to spread risk and balance losses. Invest in stocks fRead more
The best way to begin stock investment is to open a brokerage account with a registered stock broker.
Secondly, invest in blue-chip stocks, they are big, strong, popular and also pay dividends.
Thirdly, ensure to diversify. Diversification helps to spread risk and balance losses. Invest in stocks from different sectors and industries.
See lessHow to fix account or CHN missing error on Afrinvest app?
This error is very common, so don’t panic. It simply means your account is not fully ready for stock trading yet. Let me explain. When you want to buy shares on any platform like Afrinvest, you must have something called a CSCS account and a CHN number. This is where your shares are stored safely inRead more
This error is very common, so don’t panic. It simply means your account is not fully ready for stock trading yet.
Let me explain.
When you want to buy shares on any platform like Afrinvest, you must have something called a CSCS account and a CHN number. This is where your shares are stored safely in Nigeria.
If you see “account or CHN missing”, it means one of these things is happening:
Your account is not fully verified yet
Your CSCS account has not been created
Your CHN number has not been generated
Or your details have not been properly linked
Even the platform itself confirms that you must have a CSCS number before you can start trading, and this can take some time after registration.
Here’s Solutions..
First, check if your account verification is complete
Make sure you have submitted your BVN, ID card, and all required details
Second, wait for account approval
Sometimes it takes 24 to 48 hours or even longer
Third, check your email
Your CSCS and CHN details are usually sent there
Fourth, contact their customer support
Many users face this issue because their CHN was not issued on time, so you may need to follow up.
The truth is this…
You cannot buy stocks without a CHN because that is where your shares will be kept. Until that is ready, the app will keep showing that error.
Just be patient, complete your verification, and follow up if needed. Once your CHN is created, everything will start working normally.
See lessWhat are the best Nigerian stocks to buy for growth on the NGX stock market?
There is no single “best” Nigerian stock for growth that fits everyone. What matters more is understanding strong companies and choosing based on your goals, risk level, and time horizon. For growth, many investors usually look at established and profitable companies like Dangote Cement, MTN NigeriaRead more
There is no single “best” Nigerian stock for growth that fits everyone.
What matters more is understanding strong companies and choosing based on your goals, risk level, and time horizon.
For growth, many investors usually look at established and profitable companies like Dangote Cement, MTN Nigeria, Zenith Bank, and GTCO.
Because… These companies have strong market presence, consistent revenue, and long term track records.
However, as an investment analyst, the real focus should not just be on picking a stock, but on understanding the business behind the stock.
Because…
Growth comes from companies that are increasing revenue, expanding operations, and maintaining strong management and profitability over time.
and growth investing is not about chasing hype or quick gains. It is about identifying strong businesses, entering at reasonable prices, and holding them with patience.
As a beginner, it is better to diversify across a few solid companies, do your own research, and avoid putting all your money into one stock. The best stock is not just the most popular one, but the one you understand and are comfortable holding for the long term.
See lessWhy is Airtel Africa share price higher than MTN Nigeria even though MTN has a larger market cap?
This is a very good question, and many beginners get confused by it. The key thing to understand is this: share price and market capitalization are not the same thing. Share price is the price of one unit of a company’s stock. Market capitalization is the total value of the company, calculated as shRead more
This is a very good question, and many beginners get confused by it.
The key thing to understand is this: share price and market capitalization are not the same thing.
Share price is the price of one unit of a company’s stock.
Market capitalization is the total value of the company, calculated as share price multiplied by the total number of shares.
So a company can have a lower share price but still be bigger in total value if it has more shares outstanding.
Using MTN Nigeria and Airtel Africa as an example, Airtel has fewer shares in the market compared to MTN. Because of this, each Airtel share carries a higher price, while MTN has more shares, which spreads its total value across more units, making the price per share lower.
Share price alone does not tell you how big or valuable a company is. What really matters is the total market capitalization, not just the price of one share.
So when comparing stocks, do not judge by price alone. Always consider the overall size of the company, its business strength, earnings, and long term performance.
See lessHow do I invest in Sukuk Bonds?
To invest in Sukuk bonds in Nigeria, you need to understand that Sukuk is usually issued by the Federal Government of Nigeria, and you cannot just buy it anytime like normal stocks. It is usually released during specific offer periods. When a Sukuk offer is open, you can invest through approved chanRead more
To invest in Sukuk bonds in Nigeria, you need to understand that Sukuk is usually issued by the Federal Government of Nigeria, and you cannot just buy it anytime like normal stocks. It is usually released during specific offer periods.
When a Sukuk offer is open, you can invest through approved channels such as commercial banks, licensed stockbrokers, or investment platforms. These institutions help you fill the form and process your investment properly.
You can also invest through stockbroker apps or investment platforms that provide access to government securities. Some examples of platforms and brokers in Nigeria that allow access to bonds and similar investments include apps like InvestNaija, stockbrokers like Stanbic IBTC Stockbrokers, and investment platforms such as TradeFi or other licensed asset managers. These platforms connect you to government fixed income investments in a simple way.
The process is usually like this.
First, you open an account with a stockbroker or investment app. Then you fund your account. When Sukuk is available, you apply during the subscription window by filling the form and selecting the amount you want to invest, usually starting from around ten thousand naira.
For example, Mama Ngozi in the village hears that the government is building a new market and is collecting money from people who want to invest. She goes through a trusted village agent, fills her details, gives her money, and waits to receive her returns over time. That trusted agent is like your stockbroker or investment platform in real life.
The truth is that Sukuk investment is safe and backed by the Federal Government, but you must invest through the right platforms during the official offer period.
See lessPlease how can I invest my 13million that I am not using in the next ten years to come
If you have thirteen million naira you will not need for the next ten years, the goal is to grow it safely and steadily, not to rush and lose it. First, don’t put everything in one place. Spread your money so that you reduce risk and still enjoy growth. You can put part of the money in money marketRead more
If you have thirteen million naira you will not need for the next ten years, the goal is to grow it safely and steadily, not to rush and lose it.
First, don’t put everything in one place. Spread your money so that you reduce risk and still enjoy growth.
You can put part of the money in money market funds or fixed income. This will keep your money safe and give you steady returns. Then put another part into good stocks for long term growth because ten years is enough time for strong companies to grow your money. You can also consider government bonds or sukuk for stability.
Using Our Mama Ngozi as an example, if she makes a big profit from her tomato business, she will not use all the money to buy only tomatoes again. She will keep some money safe at home, use some to expand her business, and maybe invest in another small opportunity. That way, if one side has a problem, she still has other support.
Also, invest gradually, not all at once. This helps you avoid buying at the wrong time and gives you room to learn as you go.
Make sure you use a SEC Licensed platforms or professionals, and always understand where your money is going.
Long time investing like ten years, patience and proper planning will grow your money more than rushing for quick returns.
See lessHow does a person fund his Investnaija wallet through his account?
To fund your InvestNaija wallet from your bank account, the process is simple once you understand it clearly. First, open your InvestNaija app and log in to your account. On your dashboard, go to the wallet section where you will see your wallet balance. Click on the option to top up or add money. NRead more
To fund your InvestNaija wallet from your bank account, the process is simple once you understand it clearly.
First, open your InvestNaija app and log in to your account. On your dashboard, go to the wallet section where you will see your wallet balance. Click on the option to top up or add money.
Next, choose the funding option. You will be given a payment method through a partner platform like Paystack. Select the transfer option because it is usually cheaper and easier.
The app will then generate a virtual account number for you. This is the account you will send money to from your bank.
Now open your bank app or use USSD banking, and transfer the amount you want from your bank account to the account number shown on InvestNaija. Make sure you enter the correct details and complete the transfer.
After sending the money, go back to the InvestNaija app and confirm the payment if required. Your wallet should be credited within a short time, depending on your bank.
For example, in Nigeria, it is just like sending money from your GTBank or Access Bank account to another account. Once the transfer is successful, the money appears in your InvestNaija wallet and you can start investing.
Funding your wallet is just a normal bank transfer, but you must follow the correct steps in the app so your money is properly credited to your investment account.
See less