A Stock Exchange provides a market which facilitates the buying and selling of shares of quoted companies.
Is the apex regulatory institution of the Nigerian Capital Market with the basic objectives of investor protection and Capital Market development towards enhancing socio-economic growth and development
The primary market is the market for new or fresh issue of shares to the investing public.
The secondary market is the market for shares that are already listed on the exchange and are held by shareholders.
Shares or Stocks are synonymous. A share is a unit of ownership or equity, in a company or corporation.
A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits
Bonuses are additional shares declared by a company to its shareholders and is paid out of a company’s reserves/profits.
Central Securities Clearing System Plc is the Clearing and Settlement House of the Nigerian Capital Market and the Nigerian Stock Exchange (NSE).
Settlement cycle for transactions with regards to buy/sale, i.e., Trade date plus three working days.
Dematerialization refers to the process of converting the physical share certificate (after it’s verification by the listed company’s Registrars) into an electronic record kept by the CSCS.
Dematerialization can take anything from 1 week to a month depending on the Registrar or issues that may arise from the dematerialization process.
Irregular signature, different signature(s), failure to provide banker’s confirmation, incorrect details on certificate or covering documents.
a. Fill our account opening form (the form can be downloaded from our web site (http://www.rostrumsec.com.ng)
b. Attach a copy of your International Passport / National Identity Card / Driver’s license, recent utility bill, and 2 passport photographs to your account opening form;
c. Forward the account opening form to our office at 257 Herbert Macaulay Way, Alagomeji Yaba, Lagos.
In addition to the above documents required for the opening of an individual account, the following are needed for a corporate account:
a. Certificate of Incorporation
b. Memorandum and Articles of Association(MEMART)
c. CAC Form 2
d. CAC Form 7
e. Sealed Board Resolution authorizing Rostrum Investments & Securities Limited to open an account
f. Sealed Board Resolution stating signatory’s names and specimen signature to account
Click on "Open An Account" here or on bottom menu on our web site. Fill and complete the online form. A sales representative will contact you by phone and email.
• The right to attend Annual General Meetings
• Rights Offer to acquire more shares
• Capital Appreciation
Once all documents required for verification are provided, your certificates could be verified within two weeks of submission with your stock broker. Certificates may sometimes take longer to verify. Please ask your stock broker for requirements for certificate verification.