Nigerian Exchange
What is open, what is coming and what is already listed on the NGX — plus exactly how a share purchase works in Nigeria, from CSCS onboarding to allotment.
Africa's largest-ever public offer opens 14 September
The company behind the continent's biggest oil refinery is selling shares to the public at ₦525 each, with a minimum order of 10 shares. This is the one everybody on the continent is watching.
NGX Invest lists every open Nigerian offer in one place
Nigeria moved public offers and rights issues onto one electronic portal. Whatever is open on any given day appears there — this is the page to check before you trust a screenshot on WhatsApp.
The listing that proved Nigerian retail investors would show up
MTN Nigeria's arrival on the exchange put one of the country's most-used brands into ordinary portfolios, and it is still the reference point every Nigerian offer gets measured against.
Only firms on the NGX dealing-member list or the SEC register can place your order. Check the list yourself rather than trusting a referral.
The broker opens the CSCS account for you. Expect to provide BVN, NIN, photo ID, a passport photograph, a signature specimen, a utility bill under three months old, your bank details and next-of-kin information.
Transfer from a Nigerian bank account in your own name. Never pay an individual, and never pay a fee to be allowed to buy shares.
For a public offer, subscribe through NGX Invest or an authorised receiving agent. For shares already listed, place a limit order through your broker.
Ordinary trades settle within a few business days. Public offers settle after the offer closes, and if the offer is oversubscribed you may be allotted fewer shares than you applied for, with the balance refunded.
Update your bank details and contact information with the registrar. Unclaimed dividends in Nigeria overwhelmingly trace back to stale shareholder records.
Swagga MONEY is journalism and education. SwaggaLIVE is not a broker, a dealer or a financial adviser, does not sell shares, does not take orders and does not receive commission on anything covered here. Confirm every figure and every channel against the official offer document, the exchange and your national regulator before you move money. Investing carries the risk of losing what you put in.
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