🇺🇸 Diaspora investing · United States of America
Buy Nigerian shares from America
Nigerian citizens living across the United States — in New York, Houston, Atlanta, Washington DC, or anywhere in America — 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
Shares Saver is currently only available to Nigerian citizens. Non-Nigerians cannot invest at this time, regardless of where they live.
BVN required
A valid BVN (Bank Verification Number) is required to open an account and invest. Your BVN links your identity to Nigeria's banking system.
Nigerian bank account required
You must fund your account through a Nigerian bank account. American bank accounts cannot be used for funding.
What United States of America-based investors should know
Funding from America: use your Nigerian bank account
American bank accounts cannot be used to fund your Shares Saver account directly. You will need to transfer funds from your Nigerian bank account. Many Nigerians in the United States use remittance services (such as ACE Money Transfer, Wise, or others) to move USD to their Nigerian naira account, then fund their Shares Saver account from there.
USD to Nigerian Naira exchange
Nigerian shares are priced in Naira (₦) on the NGX. Exchange rates between USD and NGN fluctuate and can affect the Naira value of your investment. Plan for currency movement as part of your investment strategy.
Identity verification (KYC) from America
You will need to complete KYC (Know Your Customer) verification within the Shares Saver app. A valid Nigerian international passport is the most commonly used ID. The process is completed digitally — you do not need to be in Nigeria.
US tax considerations
The United States taxes citizens and residents on worldwide income. Holding Nigerian shares and receiving dividends may create IRS reporting obligations — including FBAR and FATCA-related disclosures depending on the value of your holdings. Consult a US-qualified CPA or tax adviser before investing.
Your shares are in your name regardless of where you live
Your shares are registered in your own legal name with the relevant Nigerian registrar. This ownership record is separate from the Shares Saver platform and is not affected by your residence in America.
Important disclaimer
This page is for educational purposes only. It does not constitute investment advice, tax advice, or legal advice. The value of shares can fall as well as rise. Shares Saver does not provide tax guidance — consult a qualified adviser in the United States before investing.
Questions