A Beginner's Guide to Investing on the NGX (Ebook)

A plain-English guide to the Nigerian Exchange: how it works, how to open a broker/CSCS account and get your CHN, what each trade really costs, how to read the Daily Official List, P/E and dividends, and how to avoid investment scams. Education only, not financial advice.

Want to start investing in Nigerian shares but don't know where to begin? Worried about scams? This guide takes you through how the Nigerian Exchange (NGX) actually works, in clear language and with Nigerian context.

You'll learn what the SEC, NGX, CSCS, brokers and registrars each do, and how a trade moves from your broker's app to settlement (now T+2). You'll see NGX's current trading hours and the ±10% daily price band, and get a step-by-step checklist for choosing a SEC-registered broker, preparing your documents and getting your CHN.

A worked example, using NGX's published fee table, shows what you really pay to buy and sell. A column-by-column walkthrough of the NGX Daily Official List shows you how to read it. Then come the basics of EPS, P/E, P/B, dividend yield and payout ratio (with a fictional company, so no stock tips), how dividends reach you, how to set up your e-dividend mandate, and how to search for unclaimed dividends.

The scams chapter covers the Investments and Securities Act 2025 rules on Ponzi schemes, common red flags, "stock tips" pump-and-dumps and how to verify any firm with the SEC. The book ends with a simple watchlist method and a realistic 30-day plan.

Every fact was checked against official sources (SEC Nigeria, NGX, CSCS, the ISA 2025 and the Nigeria Tax Act 2025) in October 2026. A sources page is included.

Important: this book is for education only. It is not financial advice and does not recommend any stock.

WHAT'S INSIDE:

• How the NGX, SEC, CSCS, brokers and registrars fit together

• How a trade works: order book, T+2 settlement, trading hours (from 27 April 2026), ±10% price limits, tick sizes

• Opening a broker account and getting your CHN: documents, BVN/NIN, common onboarding problems

• What trades really cost: NGX's published fee table plus a worked ₦100,000 buy/sell example

• Reading the NGX Daily Official List column by column

• EPS, P/E, P/B, dividend yield and payout ratio explained with a fictional company

• Dividends, withholding tax, e-dividend mandates, unclaimed dividends, bonus and rights issues

• Risk explained simply, plus a short note on tax under the Nigeria Tax Act 2025

• Avoiding scams: ISA 2025 penalties, red flags, and how to verify a firm

• A simple watchlist template and monthly review routine

• Checklists (account opening, ratios, watchlist, safety), a 30-day plan, a glossary and a sources page

WHO IT'S FOR: Nigerians who are new to the stock market, including students, young professionals and anyone who has heard about "stocks" but never opened an account. It's also useful for people who want to check whether an "investment opportunity" is legitimate.

WHO IT'S NOT FOR: Experienced traders looking for technical analysis or stock picks. This book gives no buy/sell recommendations.