MEET MY STOCKBROKER | Benefits of Having a Stockbroker When Investing in Nigeria | Flo Finance

[@ug1502ez]

Chai Flo, many bank workers cannot answer many of the questions you are answering here.

[@AchieversWorld100]

Flo finance, I like what you are doing, and I am learning a lot on this channel. Please continue!

[@FloFinance]

I'm glad to read that. ❤

[@ug1502ez]

Flo I totally agree with you. I live in Canada and sometimes I see some shortcomings in the banks here and I'm shocked because these are things Nigerian banks have had since forever.

[@abelgonsum9774]

You are doing well. Ba real "selfish video". Kudos. Afrinvest with their Afrinvestor 2.0 and Optimus app are good for Nigerian and US stocks respectively.

[@SuperEdith111]

My teacher go on I love your channel My eye opener Ezem gozie gi

[@anthonyoparaji2067]

You are amazing Flo, thanks so much for the video

[@FloFinance]

Thank you, my pleasure.

[@ese1598]

Thank you very much Aunty Flo for this video. I'm learning a lot from you

[@basiluwandu9798]

Flo.... l am proud of you. .. You really know much about the Nigerian capital market investment environment. Plz, one quick addendum.. from my experience as a stockbroker... A stockbroker can sell your shares in their custody for their own gains without your permission, consent, or paying you. Some of my former colleagues did it then. Though some were punished by the authorities, others ran away. So technically, it is possible to do so...as a fraud.

[@anele5696]

Really? Whats the best way to avoid this?

[@basiluwandu9798]

@anele5696 You open a special account with CSCS... then you move all your shares from one or multiple stockbroker(s)... where "You Only" can authorize a sale by a particular stockbroker if and when you want to do so.

[@FloFinance]

Hi Basil, this must only happen in those one-man stockbroking firms that I call kweekwee stockbrokers. Also, I have a record of the number of shares I have with each company, if I look for even half a stock, the stockbroker will have him/herself to blame. It's hightime SEC stopped licensing those kinds of brokers. It's not only in the banking sector they would be doing consolidation. What's the need of having over 100 licensed stockbrokers but only those in the top 10 handle 70% of the volume of shares traded? Thank you for always taking the time to share from your wealth of experience. ❤

[@anele5696]

@@basiluwandu9798 Thanks for the reply. How does one open account with CSCS?

[@basiluwandu9798]

@anele5696 Contact the CSCS or your stockbroker for the process... forms to fill, payment for it, how/when to transfer your shares into the account, authorized signature mandates, etc.

[@KennethOkorie-t7n]

Thank you my dear l just ran into your video today from the cost of building a duplex to stock

[@levidru8660]

U are a star, u are really helping people tbh. Thanks for everything 🙏

[@vivianreginalds]

Aunty Flo, well done. Thanks for sharing.

[@ladychi8870]

Nne, you have produced 100's of videos however you have new subscribers all the time. Your new subscribers may not be privy to your prior videos. You need to give more leeway to your subscribers who are asking questions you have already dealt with in previous videos. Beko. Keep up the good work. ❤

[@KingsleyEmenyonu-iu8ur]

Thanks a lot I recently started following you, I have already learnt a lot.

[@sabinedouble07]

Dear Flo, so good to see you here. I followed you on Facebook from the days of All Nigeria Recipes, so I was pleasantly surprised to see that you are addressing finances. I must say that you are doing a great job of it that I have been watching all your videos back to back in the past few days of discovering them. Thank you for all the very useful advice. ❤😊

[@agoiobunso]

Well detailed video thank you so much

[@adavivianezenwoke9562]

Hello Flo, liking your stuff ❤

[@francisamos8650]

You are really good at this Flo

[@estherdennis5837]

Yes we are watching the video and it is quite informative. Thank you Flo 🥰🙏🏽

[@FloFinance]

I'm glad, thank you. ❤

[@eruvieekwekere2407]

I bought Oceanic Bank now Eco Bank shares in early 2000, and I don't know what is happening with the shares until now. When I asked about dividends the first time, I was pushed around and could not get any meaningful help even when I had the certificate. I forgot about it, lost the certificate, and don't even know anything about the shares.

[@Babatunde_Sofolahan]

Check SEC website for unclaimed dividend.

[@FloFinance]

Answer to how to do this inside the video. It starts with a simple Google search.

[@murtalaa]

Hello Flo, please consider doing a video on the upcoming domestic foreign-denominated bonds. Thanks for your informative videos by the way.

[@FloFinance]

You may not like what I have to say about them. 😂😭

[@adedoyinodumosu1246]

Love u momma... U r amazing in your analysis ❤❤❤ much love... I gain a lot from this movie and now am awake to recover my MTN offer. I do received my dividend from them when i first registered but all of a sudden, they stopped which i dont no why n who to contact or ask.... This video is long but i watched to d end i didn't not even no it almost an hour video but believe me i dont care coz i enjoy every bit of t to the end. God bless u more momma. ❤❤❤

[@mary-joanihunna7316]

Flo thank you so much for continuously sharing your knowledge with us I so much appreciate you.

[@FloFinance]

My pleasure. ❤

[@enochkilanko6345]

Good day. Is united capital a good buy now Thanks.

[@richtribe]

Flo, i am glad i came across your channel especially at the beginning of my investment journey even though i had already bought GTB shares before meeting you. The challenge now is that i bought the shares without CSCS and CHN numbers because i don't even know that i needed a stock broker to be registered with Nigeria Stock Exchange Market. The question now, can i still register with a stock broker and transfer my shares with him from the bank that i purchase them from. PLS let me know what you think i should do, Thank you.

[@FloFinance]

I heard that they will create CSCS accounts and get CHNs for those who purchased without these. I don't know how they will later give you all your CSCS details but I would wait and see what happens after the shares have been alloted before registering with a stockbroker. By then hopefully you would have received the CSCS account info + CHN (somehow) then submit them to the stockbroker so they won't try to create another one for you.

[@richtribe]

@@FloFinanceOkay, i will wait, thank you.

[@elebenuaevans7544]

I just bought this fidelity bank shares and I intend going for monthly investment on fgn bond, kindly recommend a stock broker please

[@adeyinkaosunnuyi5570]

ngxgroup.com/ for list of stock brokers that are still active

[@TamunoOpuboCooksCookeyGam]

Some stockbrokers do the registrar search to claim unclaimed dividends.

[@sheriffsheriff6134]

CSL and Afrinvest..are Very Good Stockbroker..

[@annamariaskin8531]

Hey Flo😘 Many thanks for your update( Brain box).

[@FloFinance]

😂❤ thanks!

[@KennethOkorie-t7n]

The stock caught my attention, because I have been looking for how to do that in Nigeria. Please how can I get in touch with you , l need to know more. I need to become one of your students, l need to know the truth about investments in Nigeria and how to go about it

[@KennethOkorie-t7n]

I need your directions, advice, guide, to connect to stock broker, from outside the country.,

[@toyahsingsToyahsongs]

Great info, sis what if your parents passed on & have shares, not been claimed for years, can the shares be claimed Thanks

[@lucastogan7561]

Can you help with information on Dangote Flour?

[@FloFinance]

Dangote Flour has been acquired by another company since 2019. Shareholders got paid off. I have received out own payout. You won't be paid till you go and ask for yours. The process starts with a Google search that I talked about inside this video.

[@cynthiamekwunye492]

Flo do you reinvest your dividends for compounding or you take it?

[@FloFinance]

I think you are talking about Mutual Funds. Dividends of single stocks don't work that way. When you receive your dividends, it may not be a good time to buy new stocks. Even if it is, you just increase the number of shares you hold with the company and earn more in dividend payout next time they pay dividends. You don't earn compounding interest.

[@awasopuruchi6264]

Afri investor, Optimus, Cowrywise. Heared of these, can you advice me on them.😢

[@FlorenceEjinkonye]

Good Morning Ma, how can I get a stock broker?

[@mikejoe2488]

😂 “you can’t just open your mouth waaa” this woman no go kill me 😂😂😂😂

[@chidoziejoseph8579]

Aunty flo, i must say kudos to you for all you have been doing on your channel. Your analysis and comparison on the zenith bank and GTBank shares, it was really helpful. However, i have a stockbrocker by name "Yuderb LTD" which i registered with, but it seems the firm has closed up. Does it have any effect on the registration, most humble specially on the shares i registered with it? Secondly, Does having CSCS account not come with a CHN? I was told i don't have a CHN and so i cannot do some certain things. If i must have it, how do i go about it? Does it go affect having to invest in another even with CSCS account available?

[@FloFinance]

CSCS account number and CHN are twins, there's no way you would have one and not the other. Do you have your CSCS statement anywhere? Do you have a CSCS account login?

[@chidoziejoseph8579]

@@FloFinance Thanks for getting back Aunty Flo. I have this 8 digit number I got from the former stockbroker I had or registered with in Ikeja, Lagos then, by name YUDERB Securities Ltd, Since then when I left Lagos to Enugu, I have searched and search the stock exchange platform for the firm to no avail. . I remember going to the office in 2016, where it was then during registration, but they are no more there. This firm was the one that got me the CSCS account then, but I don't know now if it s real or not. Besides, no one has complained about the CSCS account since I got it. Also, I do not have CSCS account Login or statement anywhere. Please, I do I get them? If you have the link to where I can do that, please let me have it Best Regards

[@FloFinance]

With no CSCS statement and login, there's no way to confirm that they have actually opened a CSCS account for you. 1. You said no one has complained about your CSCS account. Who and who did you present it to that did not complain? 2. Which NGX instruments/shares did you successfully purchase with only a CSCS account but no CHN? 3. If you can't locate your stockbroker, who helped you purchase these instruments?

[@bona3250]

Hi Flo, I recently stumbled into your channel, your teachings on financial instrument investments in Nigeria is appealing to me. I'm looking to investing for both long and short term. I'm interested in stock, FGN Bond, Treasury bill and other financial instruments. I'm looking at Afrinvest and IBTC brokers, which do you suggest I should use? My name is Bona Thanks.

[@aadex2311]

Flo, please do one have to hand over the share certificate to the stockbroker to submit for you or what do you do with the share certificate in once hand?

[@obieokeke4474]

Which app or website can i use to chart stocks listed NGX?

[@whymillie]

What aunty flo is teaching is what the majority of Nigerians will never do. When you buy shares in Nigeria, you have to be on top of it. Monthly reviews and monthly engagement. Never ever ever ignore your shares. Stocbrokers should send you monthly or quarterly reviews. Your stockbroker company also hosts end of year events. Laziness will ruin your investment. The Nigerian stock exchange hosts lots of events for the public to attend. Management and monitoring of your shares are how you are rewarded. Also, read the contract on the third-party apps. Not all of them are insured. So you are at risk of losing your money. Make sure your stock broker is not a one man business.

[@iwuezeemmanuel6750]

Makes more sense like I'm really following up cus Nigerian stock brokers are full of stories. But in the mean time aunty flo is a genius

[@VictoriaObanwunde]

You are 100% percent right

[@veev9904]

Hi madam Flo good day.. Pls what about someone who already has a cssc acct/no? I had a stockbroker some years ago but just a few yrs after that the closed up, pls in this case what do you advice I do, do I still go ahead with a new stockbroker?

[@adeyinkaosunnuyi5570]

Contact the registrar of the company you purchased your shares from

[@akingsley8011]

You are doing a good job... plz how can I contact you i want to register for your class

[@aadex2311]

Pls, I have a question to be answered. Pls, do you need a stockbroker to check ur share or how can you check your total shares? And if you need this service how much is it to check once shares on global search? Also, what is the advantages of GLOBAL SERVICE.

[@FlorenceEjinkonye]

I bought share over 5 years ago, how can I recover it.

[@elebenuaevans7544]

Kindly recommend a stock broker for me please

[@kemijanet3228]

Please madam, my dad bought lots of shares over 24years before he passed away. We have the certificates at hand. Can you be of help to retrieve them all?

[@awasopuruchi6264]

Are Treasury bills always available. Because my stock broker (app) says there is none available. Each time i go to check, i don't find any offer there. Pls direct me on how to invest. I am a complete newbie

[@FloFinance]

Yes, Treasury Bills are available every 2 weeks.

[@jeffreyorji6784]

Pls, Which type of acct do you need to buy FGN bonds; savings or current?

[@FloFinance]

It does not matter, any of the above.

[@docteurdemelancolie2388]

Plz how can I register for ur class?

[@myafricandiary7311]

And we watched the video

[@chineduihekwoaba2717]

How do I open a CACS Account

[@FloFinance]

Easiest way is via a stockbroker.

[@docteurdemelancolie2388]

Plz I need a recommendation for a good stock broker

[@aadex2311]

Pls in one answer DO ONE NEED STOKEBROKER

[@NworiePhilip]

Pls how can i know if my share is growing or not

[@AmadiRobotics]

Recommend a good one in Nigeria for me in our 419 nation.

[@FloFinance]

😅😭 Once the stockbroker is on the list of licensed stockbrokers, there's nothing like 419 there. Watch this video: kzbin.info/www/bejne/gGKmeHeErs5ne68

[@Forexworld-h2m]

I bought public offer from First bank and Transcop back then in 2007, and i registered it with CSCS through Mercov security company then, but the stock brokage company is not into existance. But i have my cscs registration details..how do i claim it sister Flo... Althogh i was getting my dividend then from FBN before i left the country.

[@FloFinance]

I answered this question in the video.

[@myusuff1]

I don't need a ‘middle man’ is it possible?😢

[@shollz465]

If you don't need a middle man or traditional broker, you can invest directly on reputable financial apps such as Bamboo, trove etc and you can likewise purchase foreign stocks on this platforms aswell. For me personally, I prefer traditional brokers because they have root, physical offices and you can also get financial advice or assistance from them directly. Just make sure you use license brokers by SEC and you are good to go. Hope you find this helpful. Cheers!

[@abelgonsum9774]

​@@shollz465Trove and bamboo are also middle men.

[@-Thejayjay]

I use to think this sort of thing is for big fat men with lawyers and companies 😂😂.. thank you ma❤

[@adeyijoy6358]

Thank you so much for all the information you have been giving us, may God bless you. Please I live in Abuja and I need a stock broker. can you recommend one for me please.

[@exactnewz]

Hi FLO, I bought a company share way back, I can't even remember the year again but the company name was IAAA, an insurance company and I don't know what happened to them. So how do I trace my shares and claim it back

[@onyekachilorenz]

Kwe kwe banks … 😂

[@pastormariaolatunji]

Adios

[@udohedet2628]

How

[@chidoziehenry4806]

For stock broker fees in Nigeria, we are charged only when you buy or sell an investment. When you buy they charges are: Broker's Commission :0 ~3% mine is 1% SEC :0.30% flat STAMP DUTY: 0.08% flat CSCS X-Alert RATE: NGN4 flat VAT for broker commission and cscs alart 7.5% of their respect charges When you SELL an investment (this applies to if you made either profit or loss on investments) the charges are: Broker's Commission :0 ~3% mine is 1% NSE: 0.30% flat CSCS :0.30% flat STAMP DUTY: 0.08% flat CSCS X-Alert RATE: NGN4 flat VAT for broker commission, NSE ,cscs and cscs alart 7.5% of their respect charges. 25:37

[@FloFinance]

Thank you for the breakdown.

[@frnkfrancix5512]

Are you a stock broker

[@chidoziehenry4806]

​@@frnkfrancix5512no I'm not, info I shared is public knowledge listed on NGX