HOW TO BECOME AN INVESTOR ON THE NSE

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The Nigerian Stock Exchange (NSE) operates a fair, orderly and transparent market that brings​ together the best of African enterprises and approximately 5 million investors from around the global.​​

To become an investor, an individual (or institution) must select a stoc​kbroker and open an account with the Central Securities Clearing System Plc. (CSCS). 

​A stockbroker is an appointed agent who is authorized to execute, buy or sell inst​​​ructions on an investor’s account, while CSCS issues central securities identification numbers to investors​ required for the clearing, delivery and settlement of transactions. A stockbroker, in this sense, does not refer to an individual, but to a broker-dealer firm that is (i) a dealing member of The Nigerian Stock Exchange (NSE), and (ii) is registered with the Securities and Exchange Commission (SEC). 

In selecting a suitable broker to represent your interests as an investor, you  should confirm the broker’s status with both The NSE and SEC. The NSE also recommends investors meet with the broker-dealer firm to determine whether the services they offer match their specific needs. Stockbrokers and custodians have a fiduciary responsibility to their clients which implies management and safekeeping.​​ ​
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