Stanbic IBTC Enlightens Nigerians on Stockbroking


Thursday, January 06, 2022/01:30PM/Stanbic IBTC / Header Image Credit: NGX


Stanbic IBTC Stockbrokers, a subsidiary of Stanbic IBTC Holdings PLC, recently hosted a virtual session to enlighten Nigerians on the potentials of investing in the stock market.

The virtual event themed: "You Don't Know About Stocks? Come On Now," featured stockbroking experts: Afolabi Gbenro, Head, Sales Trading and Benjamin Jesumuyiwa, Head, Mandate and Settlements, both of Stanbic IBTC Stockbrokers with Tosin Olaseinde, founder of Money Africa, Jennifer Awirigwe, Certified Financial Educator and Solafunmi Oyeneye of Wealth Motley, a Personal Finance Educator as panelists.


The goal of the session was to acquaint individuals new to the stock market with basic stockbroking terms, useful tips for stock trading and how to use the Stanbic IBTC stockbroking app.


Afolabi stated the importance of diversifying investments in stocks. He listed factors that affect the prices of stocks which include supply, demand, news, and investor sentiments. The benefits of investing include dividend yield, capital appreciation, equity share holder privileges and utilising investments as collateral. He stressed the importance of research and advised Nigerians to conduct their own research and evaluate companies before investing.

On considerations before entering the stock market, he said, "You would need capital, investment objective, and risk profile assessment to determine the kind of investment you should venture into. You would also need to stay abreast of market updates."


Benjamin Jesumuyiwa, Head, Mandate and Settlements, Stanbic IBTC Stockbrokers, urged Nigerians to invest in stocks to reap long term rewards. He said: "The stock market makes it easy to buy shares of companies and they can be purchased through a broker or via online platforms. Stanbic IBTC Stockbrokers offers a discounted rate of 0.7% on brokerage fees. Once you have set up an account, stocks can be purchased in minutes."

Benjamin talked about the ease of using the Stanbic IBTC web and mobile applications platforms, stating that the platforms have been designed to allow customers sign up themselves, with direct access to the market.


Tosin Olaseinde commended Stanbic IBTC for making stock trading accessible and affordable for Nigerians, as individuals can open a stockbroking account with zero naira. She advised beginners to invest while gaining knowledge about the stock market and recommended Exchange Traded Funds (ETFs) as an entry point especially for people who have an aversion to high-risk investments. She said: "As a beginner, the best place to start is the Exchange Traded Funds (ETFs). It is a mixture of different equities in one stock. It offers you the opportunity to participate in a couple of stocks without buying everything individually."


Solafunmi Oyeneye mentioned liquidity and dividends over a long period of time as advantages of trading stocks, encouraging beginners to access the Stanbic IBTC stockbroking app through their smartphones for convenience and less paperwork.

Jennifer opined that the stock market is a good place to invest because it is highly regulated, and the risks can be easily assessed. She also recommended the Stanbic IBTC Stockbroking app for trading stocks for ease of use and speed.


The stockbroking investment series by Stanbic IBTC further reaffirms the commitment of the financial institution to equip individuals with essential information required to make informed investment decisions.

Proshare Nigeria Pvt. Ltd.


Related News

1.      Stanbic IBTC is Retaining Underperform Rating in Q3 2021 Results Review

2.     Stanbic IBTC Holdings Plc Notifies of Commencement of Closed Period for FY 2021 Financials

3.     Stanbic IBTC Pension Managers Spearheads Empowerment and Development for Nigerian Women

4.     Stanbic IBTC Holdings Plc Reports N39.9bn PAT in Q3 2021 Unaudited Results,(SP:N39.50k)

5.     Customers Stand a Chance of Winning N1 million in the Stanbic IBTC Savings Promo Campaign

6.     Stanbic IBTC Q2 2021 Results Review: Maintaining Underperform Rating Following Weak Q2 Results

7.     OANDO, UBA Are Incoming as NGX Reveals 2021 Review Results of Market Indices

8.     FG to Partner NGX on Climate Disclosure, Data

9.     Reduced Domestic Investor Participation Drags Total Activity Level in November 2021

10.  Domestic and Foreign Portfolio Participation in Equity Trading - November 2021

11.   9% of Quoted Firms Are Early Filers of Financial Statements in 2021

12.  CMB Holds Interactive Session Themed Nigeria Moving Beyond COVID-19 - Opportunities for Investors

13.  NGX RegCo Restates Commitment to Promoting Fair, Transparent Market

14.  The Nigerian Capital Market Comes of Age with the Emergence of Its First Central Counterparty

15.  NGX: Capital Market Set for Launch of Derivatives

16.  NGX Regulation to Host Issuers Engagement Forum

17.  NG Clearing Set to Launch as West Africa's First Central Counterparty

18.  Rising Unclaimed Dividends; A Tale of Idle Investors' Funds

19.  Ten (10) Takeaways from the First NGX Capital Market Conference

20. NGX Holds Inaugural Capital Markets Conference as Vice-President, Others Laud Digitization Efforts

 Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News