What Causes Buy Orders to Fail When Purchasing Nigerian Stocks Like PRESCO on Bamboo?

If your buy order for Presco Plc keeps getting declined on Bamboo, it’s usually caused by one of these very common reasons:

Most Likely Reasons Your PRESCO Order Was Declined

1. Low Liquidity (Very Common with PRESCO)

PRESCO is not heavily traded every day. That means:

Sometimes no seller is available

Your order cannot be matched

Bamboo declines the order

This is very common with Nigerian stocks.

Example:

You want to buy 10 shares

But nobody is selling at that time

➡️ Order gets declined

2. Price Movement (Limit Order Issue)

If you placed:

A limit order

And price moved quickly

Your order may be declined because:

Market price changed

Your price no longer matches sellers

3. Market Closed

Nigerian stock market trading hours:

Monday — Friday

10:00 AM — 2:30 PM (Nigerian time)

If you place order:

Before market opens

After market closes

It may fail or remain pending.

4. Minimum Order Size

Some Nigerian stocks require:

Minimum number of shares

Round lots (like 10 shares, 50 shares, etc.)

If you try to buy too small: ➡️ Order may be declined

5. Insufficient Buying Power

Even if you have money, you must consider:

Brokerage fees

VAT

Stamp duty

Example:

You have ₦50,000

PRESCO cost + fees = ₦50,300

➡️ Order declined

What I Recommend You Do

Try this step-by-step:

Try buying during market hours (10am–1pm)

Use limit order slightly higher than current price

Try smaller quantity (like 5–10 shares)

Try again on another day

My Personal Observation About PRESCO

PRESCO is:

A good long-term dividend stock

But not very liquid

Orders sometimes take time to fill

So your experience is normal, especially as a beginner 👍

Since you’re already:

Using Bamboo

Buying Nigerian stocks

Asking about dividends