NGX For Beginners: Read This Before Buying Your First Stock.
1. Market opens 9:30am to 4:00pm only. Mon to Fri.
2. Open a CSCS account first. That’s your stock account in Nigeria.
3. Start with big companies. Dangote Cement, MTN, NAHCO, BUA cement,Okomu, JAIZ BANK, Airtel.
4. Check dividends. Many NGX companies pay you cash yearly.
5. Check volume. If nobody trades it daily, you won’t sell easily.
6. Stocks beat inflation. Cash in bank loses value every year.
7. Do your research. Don’t buy because of WhatsApp tips.
8. Be patient. NGX is long term game. Buy small, buy often.
NB: Never invest rent money or school fees. Use money you can forget for 3 to 5 years.