How to buy shares on the Nigerian Exchange: the route, in order
Shares on the Nigerian Exchange (NGX) are not bought from the exchange. You give an order to a licensed stockbroker, the broker deals on the exchange, and the shares are recorded for you at the Central Securities Clearing System (CSCS). This page lays the route out in the order it happens, so the words on a broker's form read as steps rather than jargon.
A stockbroker is the way in
Only dealing members of the exchange can place orders on it. For an ordinary investor that means opening an account with a stockbroking firm, which is licensed by the Securities and Exchange Commission (SEC) and is a dealing member of the NGX. Before you give a firm money, check both facts with the regulator and the exchange rather than with the firm.
What differs between brokers, and what this site cannot tell you, is what they charge and how their platforms work. Fees are not in the data this site reads, so none are printed.
The CSCS account and the clearing house number
Shares are held electronically at the CSCS. Your broker opens a CSCS account for you, and you will see a clearing house number (CHN) attached to it. The shares you buy are credited there, which is what makes them yours rather than the broker's.
The same CSCS record is where you can later see what you hold. If the broker's platform and the CSCS record disagree after settlement, the difference is for the broker to explain.
The route, in order
Pick a licensed broker — Confirm the SEC licence and NGX membership with the regulator and the exchange.
Open the account and a CSCS account — Identity documents and a bank account in your own name are the usual requirements; the firm's form lists its own.
Fund the account — Transfer to the broker's client account as instructed; keep the reference.
Place a limit order — Name the share, the number of shares and the highest price you will pay. The exchange limits how far a price can move in one session, and the limit is published by the exchange.
Read the confirmation — It states the number of shares, the price, the charges and the settlement date. Check it against what you ordered.
Check the CSCS record after settlement — The shares should appear against your clearing house number.
What the board on this site adds
Before an order, the arithmetic is the same for every share: the number of shares times the price. On 6 November 2026, DANGCEM closed at ₦1,341, so 100 shares come to ₦134,100 before the broker's commission and taxes. The cost page works this out for each company on the board.
At a glance
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Questions before the first purchase
Can I buy NGX shares without a broker?
No. Orders reach the exchange only through its dealing members, which are licensed stockbroking firms. You open an account with one.
What is a CSCS account?
The electronic record where your shares are held. Your broker opens it and gives you a clearing house number that identifies it.
Where can I see what I own?
On the CSCS record linked to your clearing house number, and on the broker's platform. After settlement the two should agree.
Does this site tell me which shares to buy?
No. It shows eight companies' closes and 52-week ranges as read on the board. It makes no recommendation.
An account with FxPro
This site is not the broker and opens no accounts. The link goes to FxPro, which offers contracts for difference on shares and indices. A CFD is not a share recorded in your name, and it does not go through a CSCS account. Read the terms before opening an account.