Thread by @olumidecapital

Basics for investing in 🇳🇬 stock market

Investing in 🇳🇬 stock market can be approached in several unique ways

It is advised to conduct an in-depth study or speak with a stock brokerage firm or a regulated investment bank that is familiar with 🇳🇬 stock market

Equity is part of a company that you own. When you purchase a stock, you become a partial owner of the company.

You must open your stock trading account. Before choosing a brokerage firm, check their fees, the stocks they offer, and their reputation.

Your investment account will show both the asking and bid prices. But first, you must choose which one you want to use. The asking price is the price at which sellers are willing to sell their stock shares.

The bid price is the price at which people who want to buy a share are eager to do so. The difference between them is called the “spread.”

Before hitting the buy button, look into its finances and past performance. Look at how much money the company makes, how much it spends, and how it compares to other companies in the same industry.

Check its performance, remember the trend is your friend, and avoid stocks that are not liquid or rarely move

No matter what type of stock investment you choose, make sure you research and deal with an SEC-regulated institution

Learn about market orders, limit orders, and the difference between market and limit orders

The biggest stock brokerage firms in 🇳🇬 include Chapel Hill Denham, Cardinalstone, Cordros,  APT, United Capital, and Stanbic IBTC

🇳🇬 tech-savvy/Gen Z use Bamboo, Afrivest, and Meristem