Once upon a time in the bustling city of Lagos, there was a young man named Chinedu who wanted to invest in stocks on the Nigerian Exchange (NGX). As Chinedu sat down to make his investment decision, he realized there were five major questions he needed to ask before choosing which stock to buy. 1.Read more
Once upon a time in the bustling city of Lagos, there was a young man named Chinedu who wanted to invest in stocks on the Nigerian Exchange (NGX). As Chinedu sat down to make his investment decision, he realized there were five major questions he needed to ask before choosing which stock to buy.
1. “What is my goal for investing in this stock?”
Chinedu first thought about why he wanted to invest in stocks. Was it to save for his future, build wealth over time, or achieve financial independence? By knowing his goal, Chinedu could make a more informed decision on which stock to buy.
2. “How much risk can I handle?”
Chinedu understood that investing in stocks comes with risks. He thought about how comfortable he would be if the stock’s value fluctuated. Understanding his risk tolerance helped Chinedu choose a stock that aligned with his comfort level.
3. “Is this stock from a company I believe in?”
Chinedu considered whether the company behind the stock was one he believed in. He looked at the company’s history, products, and reputation to assess if it was a good long-term investment.
4. “What are the potential returns and dividends?”
Chinedu wanted to know what returns he could potentially earn from the stock. He also considered if the company paid dividends, as this could provide him with additional income.
5. “Am I buying this stock at a fair price?”
Before making his final decision, Chinedu checked if the stock’s current price was reasonable based on the company’s performance and future prospects. He wanted to ensure he was not overpaying for the stock.
As Chinedu pondered these questions, he felt more confident in his investment decision. By taking the time to understand his goals, risk tolerance, beliefs in the company, potential returns, and the stock’s price, Chinedu was ready to choose a stock on the NGX that aligned with his financial aspirations.
And so, armed with this newfound knowledge, Chinedu took his first step into the exciting world of stock investing, eager to watch his investment grow over time.
Remember, just like Chinedu, asking these five important questions can help you make informed decisions when choosing which stock to buy on the Nigerian Exchange (NGX). Happy investing!
Dollar-Cost Averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of whether the stock market is rising or falling. Instead of investing all your money at once, you spread your purchases over time. Example using Nigerian stocks Suppose yoRead more
Dollar-Cost Averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of whether the stock market is rising or falling.
Instead of investing all your money at once, you spread your purchases over time.
Example using Nigerian stocks
Suppose you decide to invest ₦20,000 in a particular NGX-listed company every month.
– Month 1: The share price is ₦100, so ₦20,000 buys 200 shares.
– Month 2: The price falls to ₦80, so ₦20,000 buys 250 shares.
– Month 3: The price rises to ₦125, so ₦20,000 buys 160 shares.
You have invested ₦60,000 and purchased 610 shares, before transaction costs.
Your average purchase price is approximately ₦98.36 per share, calculated by dividing ₦60,000 by 610 shares.
Notice that you bought more shares when the price was lower and fewer when it was higher.
What are the benefits?
1. Discipline: You develop a regular investing habit.
2. Reduced timing pressure: You do not have to guess the perfect day to buy.
3. Emotional control: You follow a plan instead of reacting to every market movement.
4. Gradual accumulation: You can build a portfolio from your monthly income without waiting until you have a large amount.
What are the risks?
DCA does not guarantee a profit or prevent losses. A company’s share price can continue falling because its business is deteriorating. You can also miss potential gains if prices rise while you gradually invest.
Therefore, DCA should be combined with proper research into the company’s financial health, valuation, dividend sustainability and long-term prospects.
In simple terms: DCA helps you build an investment position gradually, but it does not turn a bad stock into a good investment.
For someone investing on the Nigerian Exchange, it can be a useful approach when applied to suitable investments, with a consistent contribution plan and a long-term perspective.
Let's say you have a friend named Chinedu who loves farming. Chinedu decides to plant some tomatoes in his farm, thinking he will make good money from selling them. Now, before Chinedu invests his time and money in growing tomatoes, what does he need to know to understand if his tomato venture willRead more
Let’s say you have a friend named Chinedu who loves farming. Chinedu decides to plant some tomatoes in his farm, thinking he will make good money from selling them. Now, before Chinedu invests his time and money in growing tomatoes, what does he need to know to understand if his tomato venture will be successful or not? Let’s break it down like we are explaining it to Mama Ngozi:
1. Analyzing the company (Chinedu’s Tomato Farm): Just like we want to know how promising a company is before investing in its stock, Chinedu needs to assess his tomato farm business.
2. Understanding the Basics: Chinedu should start by looking at how many tomatoes he expects to harvest and how much he plans to sell them for. This is like checking how much profit a company is making when you analyze a stock.
3. Evaluating the Health of the Business: Chinedu should also check if his tomatoes are growing well, free from diseases and pests. Similarly, investors look at a company’s financial health.
4. Comparing with Other Farms: Chinedu can compare his farm with other tomato farms in the area. Likewise, investors compare different companies before deciding where to put their money.
5. Quality Check: Chinedu must ensure that his tomatoes are of good quality to attract customers. In the stock market, people look at the quality of the company and its products/services.
6. Pricing Strategy: Chinedu needs to set the right price for his tomatoes to make a profit. Investors check if the stock price is fair compared to the company’s value.
7. Market Trends: Knowing the demand for tomatoes in the market helps Chinedu decide how much to plant. Investors study market trends to understand the demand for a company’s products or services.
8. Risk Assessment: Chinedu should also think about potential risks like bad weather affecting his harvest. Similarly, investors assess the risks involved in investing in a company.
9. Making Informed Decisions: By analyzing all these factors, Chinedu can make an informed decision about whether his tomato farming venture is promising or not. Similarly, investors analyze different aspects of a company before deciding to buy its stock.
So, when looking at stock investments, think of it like assessing a friend’s tomato farm – you want to ensure it has good potential to grow and yield a healthy profit. Learning these basics can help you make wiser investment decisions.
The commercial operation and public listing of the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) trigger widespread economic ripple effects across multiple sectors. The primary Nigerian companies (both direct partners and indirect beneficiaries) positioned to gain from the refinery's groRead more
The commercial operation and public listing of the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) trigger widespread economic ripple effects across multiple sectors.
The primary Nigerian companies (both direct partners and indirect beneficiaries) positioned to gain from the refinery’s growth include:
In the bustling village of Obodo Ukwu, where Mama Ngozi sells her juicy tomatoes, there is a big, new refinery being built by Dangote. Ah, yes, my dear, you see, just like when Mama Ngozi gets new baskets to store her tomatoes, the Dangote Refinery will benefit several other companies directly and iRead more
In the bustling village of Obodo Ukwu, where Mama Ngozi sells her juicy tomatoes, there is a big, new refinery being built by Dangote. Ah, yes, my dear, you see, just like when Mama Ngozi gets new baskets to store her tomatoes, the Dangote Refinery will benefit several other companies directly and indirectly too.
Now, imagine this: when the Dangote Refinery starts operating, it will need a lot of raw materials to refine into different products like petrol and diesel. So, companies that supply these raw materials, such as crude oil, will directly benefit. These companies will be like Mama Ngozi’s suppliers who bring her fresh tomatoes from the farm.
Indirectly, other businesses like transportation companies will also benefit. Just like how Mama Ngozi relies on the local bike man to bring her tomatoes to the market, these companies will transport goods to and from the refinery, earning money in the process.
Furthermore, businesses that provide services like maintenance, security, and catering to the workers at the refinery will also benefit indirectly. These service providers will be like the children who help Mama Ngozi arrange her tomatoes neatly for sale.
In essence, the Dangote Refinery will create a ripple effect, positively impacting various businesses in the community, just as Mama Ngozi’s tomato sales benefit different people in Obodo Ukwu. So, you see, my dear, it’s not just Dangote who will benefit from the refinery; it will be a blessing for many others too.
The message “no trading account number found” usually points to a problem with the brokerage/trading account linked to your InvestNaija profile, rather than the money in your wallet. Having money in the InvestNaija wallet does not necessarily mean the stock-trading account is properly activated or lRead more
The message “no trading account number found” usually points to a problem with the brokerage/trading account linked to your InvestNaija profile, rather than the money in your wallet.
Having money in the InvestNaija wallet does not necessarily mean the stock-trading account is properly activated or linked.
InvestNaija’s current information shows that its stock-trading service is provided through its broker-dealer infrastructure, and brokerage/CSCS registration is part of the account setup process.
Since you have been seeing this error for months, I would check these things:
1. Check your KYC/account status in the app and make sure your verification is completely approved.
2. Check whether your CSCS/CHN details have been created under your profile. InvestNaija says new investors can have a CSCS account created during onboarding.
3. If those are complete, the problem may be an uncreated, inactive or incorrectly linked trading account number on the brokerage side.
4. Since you have already emailed them without resolution, contact their support again and be very specific. Tell them:
«“My InvestNaija account is funded, but whenever I attempt to buy an NGX stock I receive ‘No trading account number found.’ Please confirm whether my brokerage/trading account has been created and linked to my InvestNaija profile, and provide my trading account number or activate/link it if missing.”»
Also include your registered phone number/email and a screenshot of the error.
InvestNaija currently lists in-app chat, email support, and 0700-INVEST-NAIJA as support channels.
I would not create another investment account or move your money to another app yet. First get InvestNaija to confirm whether your brokerage account was actually created and linked. That will tell you whether this is an account-setup problem rather than a problem with buying the particular stock.
Imagine you have a popular market in your village where people buy and sell different goods every day. This market is just like the stock market. Now, stock markets are where people go to buy and sell tiny pieces of big companies, and these pieces are called shares or stocks.In the stock market, theRead more
Imagine you have a popular market in your village where people buy and sell different goods every day. This market is just like the stock market. Now, stock markets are where people go to buy and sell tiny pieces of big companies, and these pieces are called shares or stocks.
In the stock market, the prices of these shares go up and down every day, just like prices in your village market. When people are excited and buying a lot, the prices go up. But sometimes, even when the stock market is going up, the equity funds, which are groups of different shares, might not go up at the same speed. This can make it seem like they are not doing well, or even dropping.
This happens because equity funds are like baskets holding different types of fruits – some fruits might be getting expensive while others are getting cheaper at the same time. So, even if the stock market is generally going up, not all the shares inside the equity fund might be going up at that moment. That’s why the value of the fund might not increase as much as you expect.
It’s important to know that the stock market and equity funds can move differently because the funds hold a mix of shares from various companies. So, even when the stock market is rising, some companies’ shares might not be doing well, affecting the overall fund performance.
Remember, just like in your village market where prices can change, the stock market and equity funds can also change daily. It’s all part of the excitement and unpredictability of investing!
Think of IPO like first batch of bread from the bakery. 1. IPO = First Sale:- When Dangote first brings his refinery shares to market to raise money, that's IPO. It's cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED - meaning factory price sale iRead more
Think of IPO like first batch of bread from the bakery.
1. IPO = First Sale:-
When Dangote first brings his refinery shares to market to raise money, that’s IPO. It’s cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED – meaning factory price sale is over.
2. After IPO = It enters Stock Market (NGX):-
After IPO closes, those shares will be LISTED on Nigerian Stock Exchange. The ticker might be something like `DANGREF` or `DANGOTE`. From that day, ANYONE can buy it and sell it everyday – just like you buy and sell tomatoes in market. Price will now go up and down.
So YES, you can still buy even if you missed IPO.You will buy it from other people who got it during IPO and want to sell.
How to buy it on InvestNaija App:-
1. Open InvestNaija app, create CSCS account (your share ID)
2. Fund your wallet with money – e.g ₦10,000
3. Search for the stock name – `DANGOTE REFINERY`
4. Click BUY, put how many shares you want, confirm
5. It will sit in your portfolio. You can check gain/loss daily.
When to BUY and when to SELL ? – The Golden Rule:-
BUY when:-
– The price has fallen small but the company is still strong. Dangote Refinery is making profit, selling fuel.
– When market is red and everybody is scared – that is when smart investors buy cheap.
– Don’t buy because of hype on Twitter. Buy because you understand the business.
SELL when:-
– You have made good profit – e.g 20-30% gain and you need the money for something else (like your Event App project)
– The company news becomes bad – e.g refinery not working, big debt
– You found a better investment to move your money to
Don’t do this mistake:
Don’t buy today and sell tomorrow because price dropped ₦2. Stock is not MMM or betting. It’s for months/years.
Easy strategy for beginners like you:-
If you believe Dangote Refinery will be big in 5 years, just buy small-small every month with your ₦1,000 – ₦5,000, and leave it. Don’t check price everyday. This is called Naira cost averaging
Alright, let's explore how someone can invest in MTN in a way that even Mama Ngozi in the village will grasp easily.Imagine you love MTN, not just using their services but also owning a piece of the company. Investing in MTN is like being a part-owner of the business, just like when you own a shop iRead more
Alright, let’s explore how someone can invest in MTN in a way that even Mama Ngozi in the village will grasp easily.
Imagine you love MTN, not just using their services but also owning a piece of the company. Investing in MTN is like being a part-owner of the business, just like when you own a shop in the market.
Here’s how it works: When you invest in MTN, you are buying what is called shares or stocks. These shares represent your ownership in the company. It’s similar to owning a small piece of a big pot of soup in the village. The more shares you have, the bigger your portion of the company.
To invest in MTN, you need to go through a stockbroker. Think of a stockbroker as your market friend who helps you buy or sell your shares in the stock market. You give the stockbroker your money, and they buy the MTN shares for you.
Once you have bought the shares, these shares will rise or fall in value depending on how well MTN is doing. If the company does well, the value of your shares goes up, just like when you plant tomatoes and they grow big and red.
It’s important to know that investing in shares comes with risks. If MTN doesn’t do well, you could lose some or all of your money. It’s like planting tomatoes and some bad weather destroys your entire crop.
So, before investing in MTN or any company, you need to research, understand the risks involved, and only invest money you can afford to lose, just like when you decide to plant new crops in the farm.
Remember, investing is like tending to your tomato farm. It requires patience, care, and understanding to reap a good harvest. If you’re ready to invest in MTN, consider speaking to a stockbroker for guidance on how to get started. Happy investing, just like planting and watching your tomatoes grow in the village!
Once upon a time in the bustling village of Fokona, there was a woman named Mama Ngozi. Mama Ngozi loved planting and selling tomatoes in the local market. One day, as she sat with her friends under the shade of a baobab tree, the topic of Zenith Bank's shares came up.Her friend, Aunty Chinyere, askRead more
Once upon a time in the bustling village of Fokona, there was a woman named Mama Ngozi. Mama Ngozi loved planting and selling tomatoes in the local market. One day, as she sat with her friends under the shade of a baobab tree, the topic of Zenith Bank’s shares came up.
Her friend, Aunty Chinyere, asked, “Mama Ngozi, why did Zenith Bank’s share price drop right after they declared dividends, and is my money lost?” Mama Ngozi paused, then began to explain in her usual simple and engaging way.
“Mama Chinyere, imagine if you planted a special type of tomato that promised to give you extra tomatoes every month. When you saw the first batch of tomatoes, you were excited! But then, unexpectedly, the tomato plant didn’t produce as many tomatoes the next month. That’s a bit like what happened with Zenith Bank’s shares.”
She continued, “When Zenith Bank declares dividends, it’s like getting those extra tomatoes – a share of the profits they made. But sometimes, when a company declares dividends, investors may start selling their shares for various reasons. This increased selling can cause the share price to drop temporarily. Your money isn’t lost unless you sell your shares when the price is down. Like in our market, prices go up and down, but if you wait, they may go up again.”
Mama Ngozi emphasized, “It’s important to remember that investing in shares means being patient and understanding that prices can fluctuate. It doesn’t mean your money is gone. In fact, if Zenith Bank is a strong company, the share price may rise again in the future.”
In conclusion, Mama Ngozi reminded Aunty Chinyere and her friends that it’s essential to understand the nature of investing, be patient, and not panic when prices fluctuate. Just like farming, investing requires time, care, and a long-term outlook for the best results.
So, Aunty Chinyere left the conversation with a better understanding, ready to navigate the ups and downs of the market like a seasoned farmer tends to her crops. And in the lively village of Fokona, the education on investments continued, one simple analogy at a time.
What Are the Five Most Important Questions to Ask Before Buying a Stock on the NGX?
Once upon a time in the bustling city of Lagos, there was a young man named Chinedu who wanted to invest in stocks on the Nigerian Exchange (NGX). As Chinedu sat down to make his investment decision, he realized there were five major questions he needed to ask before choosing which stock to buy. 1.Read more
Once upon a time in the bustling city of Lagos, there was a young man named Chinedu who wanted to invest in stocks on the Nigerian Exchange (NGX). As Chinedu sat down to make his investment decision, he realized there were five major questions he needed to ask before choosing which stock to buy.
1. “What is my goal for investing in this stock?”
Chinedu first thought about why he wanted to invest in stocks. Was it to save for his future, build wealth over time, or achieve financial independence? By knowing his goal, Chinedu could make a more informed decision on which stock to buy.
2. “How much risk can I handle?”
Chinedu understood that investing in stocks comes with risks. He thought about how comfortable he would be if the stock’s value fluctuated. Understanding his risk tolerance helped Chinedu choose a stock that aligned with his comfort level.
3. “Is this stock from a company I believe in?”
Chinedu considered whether the company behind the stock was one he believed in. He looked at the company’s history, products, and reputation to assess if it was a good long-term investment.
4. “What are the potential returns and dividends?”
Chinedu wanted to know what returns he could potentially earn from the stock. He also considered if the company paid dividends, as this could provide him with additional income.
5. “Am I buying this stock at a fair price?”
Before making his final decision, Chinedu checked if the stock’s current price was reasonable based on the company’s performance and future prospects. He wanted to ensure he was not overpaying for the stock.
As Chinedu pondered these questions, he felt more confident in his investment decision. By taking the time to understand his goals, risk tolerance, beliefs in the company, potential returns, and the stock’s price, Chinedu was ready to choose a stock on the NGX that aligned with his financial aspirations.
And so, armed with this newfound knowledge, Chinedu took his first step into the exciting world of stock investing, eager to watch his investment grow over time.
Remember, just like Chinedu, asking these five important questions can help you make informed decisions when choosing which stock to buy on the Nigerian Exchange (NGX). Happy investing!
See lessWhat Is Dollar-Cost Averaging in Stock Market Investing?
Dollar-Cost Averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of whether the stock market is rising or falling. Instead of investing all your money at once, you spread your purchases over time. Example using Nigerian stocks Suppose yoRead more
Dollar-Cost Averaging (DCA) is an investment strategy where you invest a fixed amount of money at regular intervals, regardless of whether the stock market is rising or falling.
Instead of investing all your money at once, you spread your purchases over time.
Example using Nigerian stocks
Suppose you decide to invest ₦20,000 in a particular NGX-listed company every month.
– Month 1: The share price is ₦100, so ₦20,000 buys 200 shares.
– Month 2: The price falls to ₦80, so ₦20,000 buys 250 shares.
– Month 3: The price rises to ₦125, so ₦20,000 buys 160 shares.
You have invested ₦60,000 and purchased 610 shares, before transaction costs.
Your average purchase price is approximately ₦98.36 per share, calculated by dividing ₦60,000 by 610 shares.
Notice that you bought more shares when the price was lower and fewer when it was higher.
What are the benefits?
1. Discipline: You develop a regular investing habit.
2. Reduced timing pressure: You do not have to guess the perfect day to buy.
3. Emotional control: You follow a plan instead of reacting to every market movement.
4. Gradual accumulation: You can build a portfolio from your monthly income without waiting until you have a large amount.
What are the risks?
DCA does not guarantee a profit or prevent losses. A company’s share price can continue falling because its business is deteriorating. You can also miss potential gains if prices rise while you gradually invest.
Therefore, DCA should be combined with proper research into the company’s financial health, valuation, dividend sustainability and long-term prospects.
In simple terms: DCA helps you build an investment position gradually, but it does not turn a bad stock into a good investment.
For someone investing on the Nigerian Exchange, it can be a useful approach when applied to suitable investments, with a consistent contribution plan and a long-term perspective.
See lessHow Can I Tell if a Company Is Financially Strong Before Buying Its Stock?
Let's say you have a friend named Chinedu who loves farming. Chinedu decides to plant some tomatoes in his farm, thinking he will make good money from selling them. Now, before Chinedu invests his time and money in growing tomatoes, what does he need to know to understand if his tomato venture willRead more
Let’s say you have a friend named Chinedu who loves farming. Chinedu decides to plant some tomatoes in his farm, thinking he will make good money from selling them. Now, before Chinedu invests his time and money in growing tomatoes, what does he need to know to understand if his tomato venture will be successful or not? Let’s break it down like we are explaining it to Mama Ngozi:
1. Analyzing the company (Chinedu’s Tomato Farm): Just like we want to know how promising a company is before investing in its stock, Chinedu needs to assess his tomato farm business.
2. Understanding the Basics: Chinedu should start by looking at how many tomatoes he expects to harvest and how much he plans to sell them for. This is like checking how much profit a company is making when you analyze a stock.
3. Evaluating the Health of the Business: Chinedu should also check if his tomatoes are growing well, free from diseases and pests. Similarly, investors look at a company’s financial health.
4. Comparing with Other Farms: Chinedu can compare his farm with other tomato farms in the area. Likewise, investors compare different companies before deciding where to put their money.
5. Quality Check: Chinedu must ensure that his tomatoes are of good quality to attract customers. In the stock market, people look at the quality of the company and its products/services.
6. Pricing Strategy: Chinedu needs to set the right price for his tomatoes to make a profit. Investors check if the stock price is fair compared to the company’s value.
7. Market Trends: Knowing the demand for tomatoes in the market helps Chinedu decide how much to plant. Investors study market trends to understand the demand for a company’s products or services.
8. Risk Assessment: Chinedu should also think about potential risks like bad weather affecting his harvest. Similarly, investors assess the risks involved in investing in a company.
9. Making Informed Decisions: By analyzing all these factors, Chinedu can make an informed decision about whether his tomato farming venture is promising or not. Similarly, investors analyze different aspects of a company before deciding to buy its stock.
So, when looking at stock investments, think of it like assessing a friend’s tomato farm – you want to ensure it has good potential to grow and yield a healthy profit. Learning these basics can help you make wiser investment decisions.
See lessWhat Nigerian Companies Could Benefit From the Growth of Dangote Refinery?
The commercial operation and public listing of the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) trigger widespread economic ripple effects across multiple sectors. The primary Nigerian companies (both direct partners and indirect beneficiaries) positioned to gain from the refinery's groRead more
The commercial operation and public listing of the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) trigger widespread economic ripple effects across multiple sectors.
The primary Nigerian companies (both direct partners and indirect beneficiaries) positioned to gain from the refinery’s growth include:
– TotalEnergies Marketing Nigeria Plc (TOTAL)
– Conoil Plc (CONOIL)
– MRS Oil Nigeria Plc (MRS)
– Eterna Plc (ETERNA)
– Aradel Holdings / Integrated Downstream Firms (ARADEL)
2. Banking & Financial Institutions (Financing, Payments & Trade)
Commercial banks benefit through loan servicing, forex clearing, liquidity management, and processing massive transaction volumes generated by domestic fuel distribution. Additionally, banks and fintech platforms act as primary distribution nodes for capital market activities (like the Dangote Refinery IPO).
– Access Holdings Plc (ACCESSCORP)
– Zenith Bank Plc (ZENITHBANK)
– Guaranty Trust Holding Co. (GTCO)
– United Bank for Africa Plc (UBA)
– FBN Holdings Plc (FBNH)
– Stanbic IBTC Holdings (STANBIC)
See lessWhat Companies Could Benefit From Dangote Refinery’s Operations in Nigeria?
In the bustling village of Obodo Ukwu, where Mama Ngozi sells her juicy tomatoes, there is a big, new refinery being built by Dangote. Ah, yes, my dear, you see, just like when Mama Ngozi gets new baskets to store her tomatoes, the Dangote Refinery will benefit several other companies directly and iRead more
In the bustling village of Obodo Ukwu, where Mama Ngozi sells her juicy tomatoes, there is a big, new refinery being built by Dangote. Ah, yes, my dear, you see, just like when Mama Ngozi gets new baskets to store her tomatoes, the Dangote Refinery will benefit several other companies directly and indirectly too.
Now, imagine this: when the Dangote Refinery starts operating, it will need a lot of raw materials to refine into different products like petrol and diesel. So, companies that supply these raw materials, such as crude oil, will directly benefit. These companies will be like Mama Ngozi’s suppliers who bring her fresh tomatoes from the farm.
Indirectly, other businesses like transportation companies will also benefit. Just like how Mama Ngozi relies on the local bike man to bring her tomatoes to the market, these companies will transport goods to and from the refinery, earning money in the process.
Furthermore, businesses that provide services like maintenance, security, and catering to the workers at the refinery will also benefit indirectly. These service providers will be like the children who help Mama Ngozi arrange her tomatoes neatly for sale.
In essence, the Dangote Refinery will create a ripple effect, positively impacting various businesses in the community, just as Mama Ngozi’s tomato sales benefit different people in Obodo Ukwu. So, you see, my dear, it’s not just Dangote who will benefit from the refinery; it will be a blessing for many others too.
See lessWhat does “No Trading Account Number Found” mean on the InvestNaija app?
The message “no trading account number found” usually points to a problem with the brokerage/trading account linked to your InvestNaija profile, rather than the money in your wallet. Having money in the InvestNaija wallet does not necessarily mean the stock-trading account is properly activated or lRead more
The message “no trading account number found” usually points to a problem with the brokerage/trading account linked to your InvestNaija profile, rather than the money in your wallet.
Having money in the InvestNaija wallet does not necessarily mean the stock-trading account is properly activated or linked.
InvestNaija’s current information shows that its stock-trading service is provided through its broker-dealer infrastructure, and brokerage/CSCS registration is part of the account setup process.
Since you have been seeing this error for months, I would check these things:
1. Check your KYC/account status in the app and make sure your verification is completely approved.
2. Check whether your CSCS/CHN details have been created under your profile. InvestNaija says new investors can have a CSCS account created during onboarding.
3. If those are complete, the problem may be an uncreated, inactive or incorrectly linked trading account number on the brokerage side.
4. Since you have already emailed them without resolution, contact their support again and be very specific. Tell them:
«“My InvestNaija account is funded, but whenever I attempt to buy an NGX stock I receive ‘No trading account number found.’ Please confirm whether my brokerage/trading account has been created and linked to my InvestNaija profile, and provide my trading account number or activate/link it if missing.”»
Also include your registered phone number/email and a screenshot of the error.
InvestNaija currently lists in-app chat, email support, and 0700-INVEST-NAIJA as support channels.
I would not create another investment account or move your money to another app yet. First get InvestNaija to confirm whether your brokerage account was actually created and linked. That will tell you whether this is an account-setup problem rather than a problem with buying the particular stock.
See less]What Causes Equity Funds to Underperform the Nigerian Stock Market?
Imagine you have a popular market in your village where people buy and sell different goods every day. This market is just like the stock market. Now, stock markets are where people go to buy and sell tiny pieces of big companies, and these pieces are called shares or stocks.In the stock market, theRead more
Imagine you have a popular market in your village where people buy and sell different goods every day. This market is just like the stock market. Now, stock markets are where people go to buy and sell tiny pieces of big companies, and these pieces are called shares or stocks.
In the stock market, the prices of these shares go up and down every day, just like prices in your village market. When people are excited and buying a lot, the prices go up. But sometimes, even when the stock market is going up, the equity funds, which are groups of different shares, might not go up at the same speed. This can make it seem like they are not doing well, or even dropping.
This happens because equity funds are like baskets holding different types of fruits – some fruits might be getting expensive while others are getting cheaper at the same time. So, even if the stock market is generally going up, not all the shares inside the equity fund might be going up at that moment. That’s why the value of the fund might not increase as much as you expect.
It’s important to know that the stock market and equity funds can move differently because the funds hold a mix of shares from various companies. So, even when the stock market is rising, some companies’ shares might not be doing well, affecting the overall fund performance.
Remember, just like in your village market where prices can change, the stock market and equity funds can also change daily. It’s all part of the excitement and unpredictability of investing!
See lessWhat Happens to Dangote Refinery Shares After the IPO Closes?
Think of IPO like first batch of bread from the bakery. 1. IPO = First Sale:- When Dangote first brings his refinery shares to market to raise money, that's IPO. It's cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED - meaning factory price sale iRead more
Think of IPO like first batch of bread from the bakery.
1. IPO = First Sale:-
When Dangote first brings his refinery shares to market to raise money, that’s IPO. It’s cheap, like factory price. Only people who apply during that window get it. Now he says IPO has CLOSED – meaning factory price sale is over.
2. After IPO = It enters Stock Market (NGX):-
After IPO closes, those shares will be LISTED on Nigerian Stock Exchange. The ticker might be something like `DANGREF` or `DANGOTE`. From that day, ANYONE can buy it and sell it everyday – just like you buy and sell tomatoes in market. Price will now go up and down.
So YES, you can still buy even if you missed IPO.You will buy it from other people who got it during IPO and want to sell.
How to buy it on InvestNaija App:-
1. Open InvestNaija app, create CSCS account (your share ID)
2. Fund your wallet with money – e.g ₦10,000
3. Search for the stock name – `DANGOTE REFINERY`
4. Click BUY, put how many shares you want, confirm
5. It will sit in your portfolio. You can check gain/loss daily.
When to BUY and when to SELL ? – The Golden Rule:-
BUY when:-
– The price has fallen small but the company is still strong. Dangote Refinery is making profit, selling fuel.
– When market is red and everybody is scared – that is when smart investors buy cheap.
– Don’t buy because of hype on Twitter. Buy because you understand the business.
SELL when:-
– You have made good profit – e.g 20-30% gain and you need the money for something else (like your Event App project)
– The company news becomes bad – e.g refinery not working, big debt
– You found a better investment to move your money to
Don’t do this mistake:
Don’t buy today and sell tomorrow because price dropped ₦2. Stock is not MMM or betting. It’s for months/years.
Easy strategy for beginners like you:-
See lessIf you believe Dangote Refinery will be big in 5 years, just buy small-small every month with your ₦1,000 – ₦5,000, and leave it. Don’t check price everyday. This is called Naira cost averaging
How Can I Invest in MTN Nigeria Shares as a Beginner?
Alright, let's explore how someone can invest in MTN in a way that even Mama Ngozi in the village will grasp easily.Imagine you love MTN, not just using their services but also owning a piece of the company. Investing in MTN is like being a part-owner of the business, just like when you own a shop iRead more
Alright, let’s explore how someone can invest in MTN in a way that even Mama Ngozi in the village will grasp easily.
Imagine you love MTN, not just using their services but also owning a piece of the company. Investing in MTN is like being a part-owner of the business, just like when you own a shop in the market.
Here’s how it works: When you invest in MTN, you are buying what is called shares or stocks. These shares represent your ownership in the company. It’s similar to owning a small piece of a big pot of soup in the village. The more shares you have, the bigger your portion of the company.
To invest in MTN, you need to go through a stockbroker. Think of a stockbroker as your market friend who helps you buy or sell your shares in the stock market. You give the stockbroker your money, and they buy the MTN shares for you.
Once you have bought the shares, these shares will rise or fall in value depending on how well MTN is doing. If the company does well, the value of your shares goes up, just like when you plant tomatoes and they grow big and red.
It’s important to know that investing in shares comes with risks. If MTN doesn’t do well, you could lose some or all of your money. It’s like planting tomatoes and some bad weather destroys your entire crop.
So, before investing in MTN or any company, you need to research, understand the risks involved, and only invest money you can afford to lose, just like when you decide to plant new crops in the farm.
Remember, investing is like tending to your tomato farm. It requires patience, care, and understanding to reap a good harvest. If you’re ready to invest in MTN, consider speaking to a stockbroker for guidance on how to get started. Happy investing, just like planting and watching your tomatoes grow in the village!
See lessWhy Did Zenith Bank Shares Fall When the Stock Went Ex-Dividend in Nigeria?
Once upon a time in the bustling village of Fokona, there was a woman named Mama Ngozi. Mama Ngozi loved planting and selling tomatoes in the local market. One day, as she sat with her friends under the shade of a baobab tree, the topic of Zenith Bank's shares came up.Her friend, Aunty Chinyere, askRead more
Once upon a time in the bustling village of Fokona, there was a woman named Mama Ngozi. Mama Ngozi loved planting and selling tomatoes in the local market. One day, as she sat with her friends under the shade of a baobab tree, the topic of Zenith Bank’s shares came up.
Her friend, Aunty Chinyere, asked, “Mama Ngozi, why did Zenith Bank’s share price drop right after they declared dividends, and is my money lost?” Mama Ngozi paused, then began to explain in her usual simple and engaging way.
“Mama Chinyere, imagine if you planted a special type of tomato that promised to give you extra tomatoes every month. When you saw the first batch of tomatoes, you were excited! But then, unexpectedly, the tomato plant didn’t produce as many tomatoes the next month. That’s a bit like what happened with Zenith Bank’s shares.”
She continued, “When Zenith Bank declares dividends, it’s like getting those extra tomatoes – a share of the profits they made. But sometimes, when a company declares dividends, investors may start selling their shares for various reasons. This increased selling can cause the share price to drop temporarily. Your money isn’t lost unless you sell your shares when the price is down. Like in our market, prices go up and down, but if you wait, they may go up again.”
Mama Ngozi emphasized, “It’s important to remember that investing in shares means being patient and understanding that prices can fluctuate. It doesn’t mean your money is gone. In fact, if Zenith Bank is a strong company, the share price may rise again in the future.”
In conclusion, Mama Ngozi reminded Aunty Chinyere and her friends that it’s essential to understand the nature of investing, be patient, and not panic when prices fluctuate. Just like farming, investing requires time, care, and a long-term outlook for the best results.
So, Aunty Chinyere left the conversation with a better understanding, ready to navigate the ups and downs of the market like a seasoned farmer tends to her crops. And in the lively village of Fokona, the education on investments continued, one simple analogy at a time.
See less