Your shares are not lost, they are stored with the Central Securities Clearing System (CSCS). Investors are given a CSCS number, and also a Clearing House Number (CHN). CSCS is Nigeria's central depository for stocks, while CHN is your unique identifier assigned to you upon registering with a stockbRead more
Your shares are not lost, they are stored with the Central Securities Clearing System (CSCS).
Investors are given a CSCS number, and also a Clearing House Number (CHN).
CSCS is Nigeria’s central depository for stocks, while CHN is your unique identifier assigned to you upon registering with a stockbroker. It’s your ID number in the stock market.
Your shares are stored with the CSCS under your unique CHN.
Use your clearing house number (CHN) to log into the CSCS platform, you can view your holdings via that platform.
Also, you can also identify the Registrar of your shares and fill the e-dividend mandate form.
If you have any unclaimed dividend under that stock, it will be visible and you can then claim it.
Stocks have different Registrars, identify the Registrar of the stocks you held or currently holding and claim your dividend if any…
Stock is ownership of a company while shares is unit of a stock. For example, I owned dangote cement stock is a general term for STOCK while I owned 100units of dangote cement is specifying the SHARES I have in the company
Stock is ownership of a company while shares is unit of a stock. For example, I owned dangote cement stock is a general term for STOCK while I owned 100units of dangote cement is specifying the SHARES I have in the company
the good thing is that the shares are not with cashcraft. they are domiciled at CSCS. let him open an account with any active stockbroker and request for a transfer of his shares from cashcraft to the new one. he will be given transfer and other forms to fill. the new stockbroker will take it up froRead more
the good thing is that the shares are not with cashcraft. they are domiciled at CSCS.
let him open an account with any active stockbroker and request for a transfer of his shares from cashcraft to the new one.
he will be given transfer and other forms to fill.
the new stockbroker will take it up from there till the transfer is done.
after the transfer, he can the do whatever he wants to do with the shares.
This is a very intelligent question. And I’m glad you asked it, because this is where many beginners misunderstand how the stock market works. First.... Let Me Answer You Directly Yes, it is possible that you want to sell a stock or ETF and there is no immediate buyer. But… You are not stuck. Your mRead more
This is a very intelligent question.
And I’m glad you asked it, because this is where many beginners misunderstand how the stock market works.
First….
Let Me Answer You Directly
Yes, it is possible that you want to sell a stock or ETF and there is no immediate buyer.
But…
You are not stuck.
Your money is not lost.
You just need to understand liquidity.
Let Me Explain this better With a Simple Story…
Imagine Mama Ngozi goes to the market with tomatoes.
If she is selling in a busy market…
Buyers will rush it.
She can sell immediately.
That is called high liquidity.
But if she carries those same tomatoes to a quiet village corner…
She may sit for hours before seeing a buyer.
That is called low liquidity.
The tomatoes are still valuable.
And The problem is not the tomatoes.
The main problem is availability of buyers at that moment.
Now Back To Your Question (with ETF Example)…
You mentioned:
Stanbic ETF 30
This is an ETF tracking top companies.
But here is the reality:
The Nigerian market is still developing
And Not all ETFs have high daily trading volume
So sometimes:
Buyers may not be immediately available at your price
What Are Your Options?
1: Adjust Your Price (Very Important)
If you are too rigid with your price…
You may not get a buyer.
So… Reduce your price slightly, And You increase your chances of selling faster
How do I recover my lost shares and unpaid dividends in the Nigerian stock market (NGX)?
Your shares are not lost, they are stored with the Central Securities Clearing System (CSCS). Investors are given a CSCS number, and also a Clearing House Number (CHN). CSCS is Nigeria's central depository for stocks, while CHN is your unique identifier assigned to you upon registering with a stockbRead more
Your shares are not lost, they are stored with the Central Securities Clearing System (CSCS).
Investors are given a CSCS number, and also a Clearing House Number (CHN).
CSCS is Nigeria’s central depository for stocks, while CHN is your unique identifier assigned to you upon registering with a stockbroker. It’s your ID number in the stock market.
Your shares are stored with the CSCS under your unique CHN.
Use your clearing house number (CHN) to log into the CSCS platform, you can view your holdings via that platform.
Also, you can also identify the Registrar of your shares and fill the e-dividend mandate form.
If you have any unclaimed dividend under that stock, it will be visible and you can then claim it.
Stocks have different Registrars, identify the Registrar of the stocks you held or currently holding and claim your dividend if any…
See lessHow do beginners analyze stocks in the Nigerian stock market (NGX) before investing?
Stock is ownership of a company while shares is unit of a stock. For example, I owned dangote cement stock is a general term for STOCK while I owned 100units of dangote cement is specifying the SHARES I have in the company
Stock is ownership of a company while shares is unit of a stock. For example, I owned dangote cement stock is a general term for STOCK while I owned 100units of dangote cement is specifying the SHARES I have in the company
See lessHow to Move Shares from INACTIVE Stockbroker to an active one in Nigeria ?
the good thing is that the shares are not with cashcraft. they are domiciled at CSCS. let him open an account with any active stockbroker and request for a transfer of his shares from cashcraft to the new one. he will be given transfer and other forms to fill. the new stockbroker will take it up froRead more
the good thing is that the shares are not with cashcraft. they are domiciled at CSCS.
let him open an account with any active stockbroker and request for a transfer of his shares from cashcraft to the new one.
he will be given transfer and other forms to fill.
the new stockbroker will take it up from there till the transfer is done.
after the transfer, he can the do whatever he wants to do with the shares.
See lessWhat is stock liquidity in Nigeria’s stock market and how does it affect ETF investors ?
This is a very intelligent question. And I’m glad you asked it, because this is where many beginners misunderstand how the stock market works. First.... Let Me Answer You Directly Yes, it is possible that you want to sell a stock or ETF and there is no immediate buyer. But… You are not stuck. Your mRead more
This is a very intelligent question.
And I’m glad you asked it, because this is where many beginners misunderstand how the stock market works.
First….
Let Me Answer You Directly
Yes, it is possible that you want to sell a stock or ETF and there is no immediate buyer.
But…
You are not stuck.
Your money is not lost.
You just need to understand liquidity.
Let Me Explain this better With a Simple Story…
Imagine Mama Ngozi goes to the market with tomatoes.
If she is selling in a busy market…
Buyers will rush it.
She can sell immediately.
That is called high liquidity.
But if she carries those same tomatoes to a quiet village corner…
She may sit for hours before seeing a buyer.
That is called low liquidity.
The tomatoes are still valuable.
And The problem is not the tomatoes.
The main problem is availability of buyers at that moment.
Now Back To Your Question (with ETF Example)…
You mentioned:
Stanbic ETF 30
This is an ETF tracking top companies.
But here is the reality:
The Nigerian market is still developing
And Not all ETFs have high daily trading volume
So sometimes:
Buyers may not be immediately available at your price
What Are Your Options?
1: Adjust Your Price (Very Important)
If you are too rigid with your price…
You may not get a buyer.
So… Reduce your price slightly, And You increase your chances of selling faster
2: Be Patient
Liquidity is not always instant.
Sometimes:
You wait for matching buyers
3: Check Market Depth
Please Before buying any stock or ETF:
Always check the volume and demand
Because…
This will tell you:
• how easy it is to enter
• how easy it is to exit
Is There Any Provision From NGX or Brokers?
Yes – indirectly.
There are market makers in some securities.
And Their role is to:
• provide liquidity
• reduce large price gaps
But here is the truth:
They are not always active in all ETFs or stocks
So you cannot rely 100% on them.
So… here’s the Lesson I want you to learn…
Many beginners focus on:
“What should I buy?”
But smart investors also ask:
“How easy is it to sell?”
Before buying any stock or ETF, always check:
• trading volume
• liquidity level
• Free Float
• market activity
Because:
Buying is easy
But… Selling is where experience show.
Liquidity is like traffic in a market.
If the market is busy…
You move fast.
But…
If the market is quiet…
You wait.
The goal is not just to invest…
The goal is to invest wisely and strategically.
I am Iking Ferry
Learn. Invest. Build Wealth.
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