🇦🇺 Diaspora investing · Australia
Buy Nigerian shares from Australia
Nigerian citizens living in Australia — in Sydney, Melbourne, Brisbane, Perth, Canberra or anywhere across the country — can buy and own NGX-listed shares directly in their own name through Shares Saver. A valid BVN and Nigerian bank account are required.
A Nigerian bank account. Many people abroad send money to their naira account first, then fund from there.
A valid Bank Verification Number and your Nigerian international passport. Nigerian citizens only.
Registered to your legal name with the Nigerian registrar and the CSCS — not a platform balance.
Eligibility
Who can invest
Nigerian citizens only
Only Nigerian citizens are currently eligible to invest through Shares Saver.
BVN required
A valid BVN (Bank Verification Number) is required to open an account and invest.
Nigerian bank account required
Australian bank accounts (AUD) cannot be used for funding. A Nigerian bank account is required.
What Australia-based investors should know
Funding from Australia: use your Nigerian bank account
Australian bank accounts (AUD) cannot be used to fund Shares Saver directly. You will need your Nigerian bank account. Many Nigerians in Australia use international money transfer services to convert AUD to NGN and send to their Nigerian account, then fund from there.
AUD to Nigerian Naira exchange
Nigerian shares are priced in Naira (₦). Exchange rates between AUD and NGN fluctuate. Factor currency movement into your long-term investment plan.
Australian tax considerations (ATO)
Australian residents are taxed by the ATO on worldwide income. Foreign investment income and dividends from Nigerian shares may be assessable in Australia. Capital Gains Tax (CGT) may also apply when shares are sold. Consult a registered Australian tax agent or accountant before investing.
Important disclaimer
This page is for educational purposes only and does not constitute investment, tax, or legal advice. The value of shares can fall as well as rise.
Questions