Investing glossary
Plain-English answers to common questions about Nigerian shares, stockbrokers, dividends, CSCS accounts, and more.
A dividend is a portion of a company's profits paid out to registered shareholders, usually on a per-share basis, declared at the discretion of the company's board.
A CSCS (Central Securities Clearing System) account is an electronic account that holds your Nigerian shares as a dematerialised record, assigned to you under your CHN number.
A CHN (Central Holder Number) is a unique identification number assigned to every registered investor in the Nigerian capital market, linking them to their CSCS account and share records.
T+2 settlement means that a share transaction on the Nigerian Exchange is finalised two business days after the trade date. "T" is the trade date and "+2" means two additional business days.
A stockbroker is a licensed professional or firm authorised by the Securities and Exchange Commission (SEC) to buy and sell securities on behalf of investors on a recognised stock exchange.
Online share buying in Nigeria refers to purchasing NGX-listed shares through a regulated investment platform or stockbroker's digital channel, without visiting a broker's office in person.
The process that occurs after a share purchase on the NGX, including T+2 settlement, CSCS registration, and shareholder record updates.
Share registration in Nigeria is the process by which purchased shares are recorded in an investor's legal name in both the CSCS depository and the company's shareholder register, maintained by a registered company registrar.
Shares Saver lets you buy and own NGX-listed shares directly in your name through regulated broker execution.