What Happens After Buying Shares in Nigeria?
Once you have bought shares in a Nigerian company through a regulated platform, the transaction goes through several steps before the shares are fully yours. Here is what happens after you press "invest".
Post-Purchase Share Process. The process that occurs after a share purchase on the NGX, including T+1 settlement, CSCS registration, and shareholder record updates.
Step 1: Trade execution on the NGX
Your platform (Shares Saver) instructs its regulated broker partner to buy the specified number of shares on the Nigerian Exchange. The broker places and executes the order at the prevailing market price.
Step 2: T+1 settlement
The trade settles one business day after execution. During this window, CSCS processes the transfer of shares from the seller to the buyer (you). Payment is also transferred from your broker to the seller's broker.
Step 3: CSCS account credited
After settlement, your CSCS account is credited with the purchased shares. This is the official record of your ownership at the depository level.
Step 4: Shareholder register update
The company's registrar updates the shareholder register to include your name. This is what makes you a legal shareholder — eligible for dividends, corporate actions, and AGM voting rights.
What you receive ongoing
As a registered shareholder, you will receive: dividends (if declared), AGM notices, rights issue offers, and any other corporate communications directed to shareholders. With Shares Saver, you can also monitor your portfolio directly in the app.
Questions
About post-purchase share process
This article is for general information and educational purposes only. It does not constitute financial advice, investment advice, legal advice, or tax advice. The value of investments can fall as well as rise. Seek independent regulated financial advice before making any investment decision. Shares Saver does not provide financial advice.
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