Ah, buying shares and investing are related, but not exactly the same thing. Let me explain it in a simple way:- Simple Explanation:• Buying shares means purchasing a part of a company, making you a part-owner.• Investing involves putting money into something with the hope of making a profit in theRead more
Ah, buying shares and investing are related, but not exactly the same thing. Let me explain it in a simple way:
– Simple Explanation:
• Buying shares means purchasing a part of a company, making you a part-owner.
• Investing involves putting money into something with the hope of making a profit in the future.
– How it works:
• When you buy shares, you are investing in the company’s growth and success.
• The value of your shares can increase if the company does well, allowing you to make a profit by selling them later.
– Benefits:
• Potential for profit through share price appreciation.
• Some companies pay dividends to shareholders, which is like a bonus for owning their shares.
– Risks:
• Share prices can go down, causing you to lose money.
• Companies can perform poorly, affecting the value of your shares.
– Real-life Nigerian Example:
• Imagine you buy shares in a popular Nigerian bank. If the bank’s profits increase, the value of your shares may go up, allowing you to sell them at a higher price.
– Common Mistakes:
• Not diversifying your investments by putting all your money into one company.
• Selling shares when the market is down due to panic.
– Practical Steps to Get Started:
• Research companies you are interested in investing in.
• Open a brokerage account to buy shares.
In summary, buying shares is a way of investing in a company, but investing involves a broader concept of putting money into different assets to grow wealth over time.
Now, can you think of a Nigerian company you would like to invest in and why?
This is a very important question—and you’re not alone. Many people who bought shares through bank branches (like Fidelity Bank Plc) face this same issue. Right now, the truth is: 👉 You likely own the shares, but you don’t yet have full control or visibility. Let me guide you step-by-step in simpleRead more
This is a very important question—and you’re not alone. Many people who bought shares through bank branches (like Fidelity Bank Plc) face this same issue.
Right now, the truth is: 👉 You likely own the shares, but you don’t yet have full control or visibility.
Let me guide you step-by-step in simple terms.
🔑 First: Understand where your shares are
When you bought shares at the bank:
The shares are kept in a system called Central Securities Clearing System (CSCS)
This is like a bank vault for shares in Nigeria
👉 So your shares are not lost—they are stored electronically.
📌 Why you cannot track it yet
Because you probably don’t have direct access to:
Your CSCS account (CHN number)
A stockbroker platform/app
The bank only helped you buy, not manage.
✅ What “full possession” really means
To truly control your shares, you need:
Your CHN (Clearing House Number)
A stockbroker account
Access to monitor (app or statement)
🛠️ Step-by-step: What you should do now
1. Go back to the Fidelity Bank branch (or contact them)
Ask them clearly:
“Please give me my CSCS CHN number and the stockbroker used for my share purchase.”
You need:
Your CHN
Name of the broker that executed the trade
2. Open an account with a stockbroker
Examples in Nigeria:
Meristem Securities
CardinalStone Securities
ARM Securities
Tell them:
“I already bought shares through Fidelity Bank, I want to link and manage my CSCS account.”
3. Link your CSCS to the broker
The broker will:
Connect your CHN to their platform
Allow you to:
See your shares
Sell anytime
Receive dividends properly
4. Request your CSCS statement
Very important:
Ask for:
“My CSCS statement of account”
This will show:
All shares you own
Quantity
Companies
5. Set up e-dividend (so you receive money directly)
Register for e-dividend with your bank so that:
Dividends go straight to your account
No missing payments
⚠️ Common mistakes to avoid
Thinking bank = full investment platform ❌
Not collecting CHN ❌
Not linking to a broker ❌
🧠 Simple analogy
Right now:
You bought land (shares)
But you don’t have the documents (CHN + broker access)
👉 What we’re doing is helping you collect your ownership papers and control
🚨 Important check
If you bought shares long ago and:
Don’t know CHN
Don’t know broker
👉 Don’t worry—this can still be traced using:
Your name
Phone number
Bank details
👍 Final summary
To track and control your shares:
Get your CHN from Fidelity Bank
Open account with a stockbroker
Link your shares
Start monitoring through app or CSCS statement
Is buying shares the same as investing in Nigeria?
Ah, buying shares and investing are related, but not exactly the same thing. Let me explain it in a simple way:- Simple Explanation:• Buying shares means purchasing a part of a company, making you a part-owner.• Investing involves putting money into something with the hope of making a profit in theRead more
Ah, buying shares and investing are related, but not exactly the same thing. Let me explain it in a simple way:
– Simple Explanation:
• Buying shares means purchasing a part of a company, making you a part-owner.
• Investing involves putting money into something with the hope of making a profit in the future.
– How it works:
• When you buy shares, you are investing in the company’s growth and success.
• The value of your shares can increase if the company does well, allowing you to make a profit by selling them later.
– Benefits:
• Potential for profit through share price appreciation.
• Some companies pay dividends to shareholders, which is like a bonus for owning their shares.
– Risks:
• Share prices can go down, causing you to lose money.
• Companies can perform poorly, affecting the value of your shares.
– Real-life Nigerian Example:
• Imagine you buy shares in a popular Nigerian bank. If the bank’s profits increase, the value of your shares may go up, allowing you to sell them at a higher price.
– Common Mistakes:
• Not diversifying your investments by putting all your money into one company.
• Selling shares when the market is down due to panic.
– Practical Steps to Get Started:
• Research companies you are interested in investing in.
• Open a brokerage account to buy shares.
In summary, buying shares is a way of investing in a company, but investing involves a broader concept of putting money into different assets to grow wealth over time.
Now, can you think of a Nigerian company you would like to invest in and why?
See lessHow Can I Track Shares Bought Through Fidelity Bank in Nigeria?
This is a very important question—and you’re not alone. Many people who bought shares through bank branches (like Fidelity Bank Plc) face this same issue. Right now, the truth is: 👉 You likely own the shares, but you don’t yet have full control or visibility. Let me guide you step-by-step in simpleRead more
This is a very important question—and you’re not alone. Many people who bought shares through bank branches (like Fidelity Bank Plc) face this same issue.
See lessRight now, the truth is: 👉 You likely own the shares, but you don’t yet have full control or visibility.
Let me guide you step-by-step in simple terms.
🔑 First: Understand where your shares are
When you bought shares at the bank:
The shares are kept in a system called Central Securities Clearing System (CSCS)
This is like a bank vault for shares in Nigeria
👉 So your shares are not lost—they are stored electronically.
📌 Why you cannot track it yet
Because you probably don’t have direct access to:
Your CSCS account (CHN number)
A stockbroker platform/app
The bank only helped you buy, not manage.
✅ What “full possession” really means
To truly control your shares, you need:
Your CHN (Clearing House Number)
A stockbroker account
Access to monitor (app or statement)
🛠️ Step-by-step: What you should do now
1. Go back to the Fidelity Bank branch (or contact them)
Ask them clearly:
“Please give me my CSCS CHN number and the stockbroker used for my share purchase.”
You need:
Your CHN
Name of the broker that executed the trade
2. Open an account with a stockbroker
Examples in Nigeria:
Meristem Securities
CardinalStone Securities
ARM Securities
Tell them:
“I already bought shares through Fidelity Bank, I want to link and manage my CSCS account.”
3. Link your CSCS to the broker
The broker will:
Connect your CHN to their platform
Allow you to:
See your shares
Sell anytime
Receive dividends properly
4. Request your CSCS statement
Very important:
Ask for:
“My CSCS statement of account”
This will show:
All shares you own
Quantity
Companies
5. Set up e-dividend (so you receive money directly)
Register for e-dividend with your bank so that:
Dividends go straight to your account
No missing payments
⚠️ Common mistakes to avoid
Thinking bank = full investment platform ❌
Not collecting CHN ❌
Not linking to a broker ❌
🧠 Simple analogy
Right now:
You bought land (shares)
But you don’t have the documents (CHN + broker access)
👉 What we’re doing is helping you collect your ownership papers and control
🚨 Important check
If you bought shares long ago and:
Don’t know CHN
Don’t know broker
👉 Don’t worry—this can still be traced using:
Your name
Phone number
Bank details
👍 Final summary
To track and control your shares:
Get your CHN from Fidelity Bank
Open account with a stockbroker
Link your shares
Start monitoring through app or CSCS statement