How to invest in stock market in nigeria

Author: telsa Date: 22.05.2017

Nigeria is looking like a tantalising place to search for investments. Although it has been in the news lately for its political inability to deal with brutal Islamic fundamentalists , it has captured the attention of international investors.

South Africa has been a favoured investment destination because it has a liquid stock market and is generally regarded as the most developed country in sub-Saharan Africa. Political challenges, like corruption and violent mining sector strikes, have dampened sentiment, too. Another high-profile investment expert who has been singing the praises of Nigeria is Mark Mobius, chairman of Templeton Emerging Markets Group. Earlier this year he said that he expected Nigeria to outperform the least-developed markets as a growing middle-class of consumers buys more and more.

South Africa-based BizNews visitors who want to turbo-charge their portfolio returns with a stake in high-growth African companies have been asking how they can get in on the investment fun in Nigeria. One visitor said she was asked to invest a minimum R1m if she opted to open an account with a firm in Lagos.

Satrix 40 is an Exchange Traded Fund ETF , which is effectively a basket of shares that is bought and sold through a stockbroker. You can access a Nigerian ETF for far less than R1m by opting for a South African stockbroker or South Africa-based online trading platform. Johannesburg-base Simon Reid of stockbroker Imara S. He says the options are limited if you want to invest directly in a Nigerian ETF. This ETF tracks the Solactive Nigeria Index of large capitalisation equities.

Nigerian Breweries PLC makes an appearance as the third-biggest holding. The ETF, which was launched just over a year ago, has shown a loss ETF Database lists its expense ratio as 0. Reid says there are a number of African ETFs available for investment, but these are diluted with international stocks.

The Nigerian Stock Exchange (NSE) - Live

And, you may be duplicating your investment efforts if you already have exposure to the South African stock market. Online do-it-yourself trading platform Standard Bank Webtrader also offers access to the Nigerian stock market through New York-listed ETFs.

These are bought and sold in dollars, using your foreign currency investment allowance. Fatima Essop Mohamed, of Standard Bank Webtrader , says: Market Vectors Africa Index ETF NYSE: GAF ; Guggenheim Frontier Markets ETF NYSE: PMNA ; Market Vectors Gulf States ETF NYSE: MES and WisdomTree Middle East Dividend Fund NYSE: Its top 10 holdings look similar to NGE US, with Nigerian banks sprinkling the list and Nigerian Breweries and engineering contractor Subsea 7 making an appearance. For more on global stock market investment opportunities for South Africans, see: Bell Pottinger got R5.

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how to invest in stock market in nigeria

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How to Invest Successfully in Nigerian Stock Market

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What's the easiest way to invest in Nigerian shares?

The easiest way for South Africans to benefit from expected performance of Nigerian shares is through US ETFs. New York-listed ETFs with exposure to Nigeria source: Quick pointers for salary earners Tips for beginners: Investing in social media companies Yahoo, SoftBank and Alibaba: Jackie Cameron May 18, ETFs , Fatima Essop Mohamed , First Bank of Nigeria , Imara S.

Reid , Johannesburg , Lagos , Mark Mobius , New York , Nigeeria , Nigeria Securities Exchange , Simon Reid , Slider , Softbank , Solactive Nigeria , Standard Bank Webtrader , United Bank , Zenith. For a deeper understanding of the world of money and greater financial control, upgrade to BizNews Premium. In real world, property, not equities, leads wealth building stakes WORLDVIEW: Get The Daily Insider The Best of Biznews in Your Inbox.

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