Which stockbrokers does Shares Saver use?

Shares Saver partners with regulated Nigerian stockbrokers licensed to operate on the Nigerian Exchange Group (NGX). The specific broker partners are disclosed within your account.

What does the stockbroker do in the Shares Saver process?

The stockbroker executes the actual purchase of shares on the Nigerian Exchange on your behalf. After settlement, the shares are registered in your name with the relevant registrar.

What does Shares Saver do vs what the broker does?

Shares Saver manages your account, savings plan, identity verification, and the instruction to purchase. The broker executes the trade on the exchange and handles settlement. Your shares are then registered in your own name.

The strongest protection is ownership

Shares Saver is not a broker — regulated stockbrokers execute every purchase

Every share purchase is carried out by a separate, fully regulated Nigerian stockbroker licensed to trade on the NGX. Here is what that means for your ownership and protection.

How Shares Saver works

Registered in your name

The registrar records you as the holder — not a Shares Saver nominee account and not a pooled fund.

Trades executed by licensed brokers

We are not a stockbroker. Every purchase is placed on the NGX by an SEC-licensed broker partner.

Money held separately

Contributions sit in a client account until they buy shares. They are never working capital.

Two separate roles, one process

What Shares Saver does

Manages your investor account and identity verification (KYC)
Creates and runs your monthly savings plan
Holds contributions until a purchase threshold is reached
Instructs the regulated broker when to buy
Provides your portfolio view, ownership records and support

What the regulated broker does

Receives the purchase instruction from Shares Saver
Executes the trade on the Nigerian Exchange (NGX)
Handles settlement and registers the shares in your name
Maintains the official record of your shareholding
Is subject to full Nigerian financial regulation

Why regulated execution matters

Exchange-compliant trades. Every purchase goes through the NGX via licensed brokers — no off-exchange or informal transactions.
Regulatory oversight. Brokers must meet capital, conduct and compliance requirements.
Settlement certainty. NGX trades settle on a defined cycle, so your registration follows a known timeline.
Record integrity. The broker and registrar keep the official record of your holding, independent of us.

What Shares Saver doesCollects contributions, instructs brokers, tracks your holdings, produces your documents

What the regulated broker doesPlaces the order on the NGX, settles the trade, files the transfer with the registrar

What nobody doesTell you which shares to buy. We are not investment advisers and we don’t take a view

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Questions

Questions answered

No. Shares Saver is not a stockbroker. Shares Saver is an administrative and savings platform. All share purchases are executed through separate, fully regulated stockbroker partners.

Educational information only — not investment, legal or tax advice. Share values can fall as well as rise. All securities transactions are carried out through SEC-regulated stockbrokers.