Make money trading stocks in Nigeria

Make Money Nigeria

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Posted by on Saturday February 9, 2013 at 10:59:41:

There is a lot of money to be made from Nigeria's stock market just by knowing when to buy and when to sell.

Although Nigeria had probably already experienced it's own time of boom and shock, there are still market opportunities to be taken advantage of just by trading shares.

In every year, stock prices always experience a period of upswings and down swings. Most stocks in active sectors tend to always rise and fall at different times owing to a lot of factors and that's where stock investors tend to make money.

One good thing I've noticed about buying and selling shares in Nigeria is that you don't have to pay any tax for capital appreciation. Capital appreciation is the profit you get when you sell a stock at a price higher than what you bought it. The only fees or taxes you might pay are some small fees like NSE fees, Stockbroker's commission all of which amount to about 4% of your transaction. You get to keep most of the profit you make from selling your shares.

Some people buy and sell shares once a year, some sell once in three months and some sell every month while some never sell their shares.

No matter what kind of investor you are, you can make some good money from Nigeria' stock market by taking opportunities such as selling, buying and even just holding your stocks.

Let's take a look at Access bank for instance. As at December 2012, the stock price was at N9.00 according to a historic stock price tool I got from But as at today in February, the stock has appreciated to N12.00. Chances are that it would keep appreciating till around April and may even reach N15.

If I had bought 100,000 units of Access bank with a N900,000 capital, by now, my money would be worth N1.2m and probably N1.5m by April. So that gives me a capital appreciation of about N300,000 just for about 2 months investment.

Another good investment would have been Sterling bank which is now currently priced at N2.93. However as at October 2012 when I first watched the stock, the price was at around N1.6 showing a price appreciation of about N1.3. This means that if I had invested about N1.6m by October 2012, by February 2013, I would hve had a net investment of N2.93m showing a total profit of about N1.3m in just 4 months of holding the stock.

So you see, stock trading is a good business but you just need to know when to put your money in and when to take it out. Stock trading is different from stock investing for the long term. Most people who trade stocks tend to hold it for the short term and not necessarily looking for dividends and other small benefits.

You can make good money trading stocks but the idea is to buy low and sell at the peak and sell at the peak to buy into newer opportunities. You can trade bank stocks, insurance stocks, food and health stocks and so on.

If you intend being a short term stock investor, you should keep a tab on news reports and financial record of the company as well as their historical prices. When investing in a country like Nigeria, a growing nation, it is really hard to lose in the long term since the economy would always be growing for now.

    Re: Make money trading stocks in Nigeria Reply by Jem on Wednesday February 13, 2013 at 21:12:6:

    You really do know your stuff! I think your website is quite informative.

    Re: Make money trading stocks in Nigeria Reply by Mike on Wednesday February 20, 2013 at 17:34:52:

    I want start trading nigeria stock,were can i get d information as a newbies

    Re: Make money trading stocks in Nigeria Reply by bola john on Tuesday July 23, 2013 at 19:29:36:

    this is my first time on this site,it is quite good as a matter of fact i was very surprice on how good.
    p/s can i have a list of emerging stocks that i can buy now at low price.

    Re: Make money trading stocks in Nigeria Reply by Felix Okoli on Tuesday July 23, 2013 at 19:29:36:

    You can check for a list of stock prices here: A lot of stocks are at low prices

    Re: Make money trading stocks in Nigeria Reply by E. Anthony on Sunday September 15, 2013 at 15:43:1:

    pls tanx 4 d info but I need more info on how its done nd a list of cheap stocks 4 a newbie
    my email is oritsetonia@gmail

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