The information on this site is intended to be useful and informative for clients, customers of and subscribers to Proshare. Proshare will use reasonable care to ensure that such information is accurate at the time it is added on the site.

By accessing www.proshareng.com or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement.

Proshare has taken due care and caution in compilation of data for its web site. The views and investment tips expressed by investment experts or firms on www.proshareng.com are their own, and not that of the website or its management. www.proshareng.com advises users to check with certified experts before taking any investment decision. However, www.proshareng.com does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. www.proshareng.com expressly states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

www.proshareng.com is not responsible for any errors, omissions or representations on any of our pages or on any links on any of our pages. www.proshareng.com does not endorse in anyway any advertisers on our web pages. Please verify the veracity of all information on your own before undertaking any alliance

The information on this website is updated from time to time. www.proshareng.com however excludes any warranties (whether expressed or implied), as to the quality, accuracy, efficacy, completeness, performance, fitness or any of the contents of the website, including (but not limited) to any comments, feedback and advertisements contained within the site.

This website contains material in the form of inputs submitted by users and www.proshareng.com accepts no responsibility for the content or accuracy of such content nor does www.proshareng.com make any representations by virtue of the contents of this website in respect of the existence or availability of any goods and services advertised in the contributory sections. www.proshareng.com makes no warranty that the contents of the website are free from infection by viruses or anything else which has contaminating or destructive properties and shall have no liability in respect thereof.

Part of this website contains advertising and other material submitted to us by third parties. Kindly note that those advertisers are responsible for ensuring that material submitted for inclusion on the website complies with all legal requirements. Although acceptance of advertisements on the website is subject to our terms and conditions which are available on request, we do not accept liability in respect of any advertisements.

This website will contain articles contributed by several individuals. The views are exclusively their own and do not necessarily represent the views of the website or its management. The linked sites are not under our control and we are not responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. www.proshareng.com is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by us of the site.

There are risks associated with utilizing internet and short messaging system (sms) based information and research dissemination services. Subscribers are advised to understand that the services can fail due to failure of hardware, software, and Internet connection. While we ensure that the messages are delivered in time to the subscribers Mobile Network, the delivery of these messages to the customer's mobile phone/handset is the responsibility of the customer's Mobile Network. SMS may be delayed and/or not delivered to the customer's mobile phone/handset on certain days, owing to technical reasons that can only be addressed by the customer's Mobile Network, and Proshare who owns www.proshareng.com and group companies associated with it and/or its employees cannot be held responsible for the same.

www.proshareng.com hereby expressly disclaims any implied warranties imputed by the laws of any jurisdiction. We consider ourselves and intend to be subject to the jurisdiction only of the courts of the Lagos in Nigeria. If you don't agree with any of our disclaimers above please do not read the material on any of our pages. This site is specifically for users in the territory of Nigeria. Although the access to users outside Nigeria is not denied, www.proshareng.com shall have no legal liabilities whatsoever in any laws of any jurisdiction other than Nigeria. We reserve the right to make changes to our site and these disclaimers, terms, and conditions at any time.

Securities trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the investment / stock recommendations made by www.proshareng.com and group companies associated with it should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by www.proshareng.com , group companies associated with it and employees/owners are for information purposes only and under no circumstances should be used for actual trading. Under no circumstances should any person at this site make trading decisions based solely on the information discussed herein. We are not a qualified financial advisor and you should not construe any information discussed herein to constitute investment advice. It is purely informational in nature.

You should consult a qualified broker or other financial advisor prior to making any actual investment or trading decisions. You agree to not make actual stock trades based on comments on the site, nor on any techniques presented nor discussed in this site or any other form of information presentation. All information is for educational and informational use only. You agree to consult with a registered investment advisor, which we are not, prior to making any trading decision of any kind. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

www.proshareng.com operates a Community intended to provide a private forum for users to exchange information and to discuss various investing techniques. You agree, by accessing this or any associated site, that www.proshareng.com bears no liability for any postings on the website or actions of associate site. We reserve the right to deny service to anyone. You, and not www.proshareng.com , assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. You accept that where you choose to engage in such transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing there from are your sole responsibility. The information and commentaries are not meant to be an endorsement or offering of any stock purchase. They are meant to be a guide only, which must be tempered by the investment experience and independent decision making process of the subscriber.

www.proshareng.com or any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles utilizing the principles disclosed herein. www.proshareng.com or any of its employees do not represent themselves as acting in the position of an investment advisor or investment manager for the use of the information in this service. The materials and information in, and provided by, this site are not, and should not be construed as an offer to buy or sell any of the securities named in materials, services, or on-line postings.

We encourage all investors to use the information on the site as a resource only to further their own research on all featured companies, stocks, mutual funds, sectors, markets and information presented on the site. Nothing published on this site should be considered as investment advice.

Proshare, its management, its associate companies and/or their employees take no responsibility for the veracity, validity and the correctness of the expert recommendations or other information or research. Although we attempt to research thoroughly on information provided herein, there are no guarantees in accuracy. The information presented on the site has been gathered from various sources believed to be providing correct information. Proshare, group, companies, associates and/or employees are not responsible for errors, inaccuracies if any in the content provided on the site. Any prediction made on the direction of the stock market or on the direction of individual stocks may prove to be incorrect. Users/visitors are expected to refer to other investment resources to verify the accuracy of the data posted on this site on their own.

www.proshareng.com does not represent or endorse the accuracy or reliability of any of the information, conversation, or content contained on, distributed through, or linked, downloaded or accessed from any of the services contained on this website (hereinafter, the "Service"), nor the quality of any products, information or other materials displayed, purchased, or obtained by you as a result of any other information or offer by or in connection with the Service.

Neither www.proshareng.com nor its principals, agents, associates or employees, are licensed to provide investment advice. No materials in www.proshareng.com , either on behalf of www.proshareng.com or any site host, or any participant in www.proshareng.com or any of its associated sites should be taken as investment advice directly, indirectly, implicitly, or in any manner whatsoever, including but not limited to trading of stocks or investing in mutual funds or ETF's, REIT's or bonds on a short term or long term basis, or trading of any financial instruments whatsoever.

Past performance is not indicative of future returns. All analyst commentary, ratings and rankings provided on www.proshareng.com is provided for information purposes only. This information is NOT a recommendation or solicitation to buy or sell any securities or bonds or ETF's or CIS or REIT's. Your use of this and all information contained on www.proshareng.com is governed by this Terms and Conditions of Use. This material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and that it should be relied upon, as such. You should not rely solely on the Information in making any investment. Rather, you should use the information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. The non inclusion of a formal disclaimer in each, any or all of the pages containing such information is covered by the disclosure contained herein and other parts of this Terms and Conditions of use.

By using www.proshareng.com including any software and content contained therein, you agree that use of the Service is entirely at your own risk. www.proshareng.com is not a registered investment advisor or a broker dealer. You understand and acknowledge that there is a very high degree of risk involved in trading securities. Past results of any trader published on this website are not indicative of future returns by that trader, and are not indicative of future returns which be realized by you. Any information, opinions, advice or offers posted by any person or entity logged in to www.proshareng.com or any of its associated sites is to be construed as public conversation only. www.proshareng.com makes no warranties and gives no assurances regarding the truth, timeliness, reliability, or good faith of any material posted at www.proshareng.com .
www.proshareng.com does not warrant that trading methods or systems presented in their services or the information herein, or obtained from advertisers or members will result in profits or losses.

Disclaimer for harm caused to your computer from interacting with this website: Proshare has taken steps to ensure that the website is well protected. It however assumes no responsibility for any and all damages to computers or software of the visitor or any person the visitor subsequently communicates with from corrupting code or data that is inadvertently passed to the visitor's computer. Again, visitor views and interacts with this site, or banners or pop-ups or advertising displayed thereon, at his or her own risk.

The Terms and Conditions of use of this website and Advertising Code provide further disclosures on our limitations and the responsibilities of users of this site. The trademark 'Proshare' and copyright in this website belongs to Proshare Nigeria Limited. All other intellectual property rights are reserved and are discussed under Copyrights.


If you are a copyright owner or an agent thereof and believe that any content on this site infringes upon your copyrights, your may submit a notification pursuant to the Digital Millennium Copyright Act ("DMCA") by providing our designated agent or responsible official with the following information in writing:

  • The name(s) and contact of the person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed for necessary courtesy;
  • Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works on the site are covered by a single notification, a representative list of such works on the site;
  • Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled, and information reasonably sufficient to permit us to locate the material;
  • Information reasonably sufficient to permit us to contact you, such as an address, telephone number, and, preferably an e-mail address;
  • A statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent or the law; and
  • A statement that the information in the notification is accurate, and under penalty of perjury, that you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

Written notification of claimed infringement must be submitted to:

The Chief Operating Officer, Proshare, Proshare Nigeria Limited, The Upper Room, Plot 1, Lekan Asuni Close, Off Toyin Omotosho Street, Omole Phase II, Isheri LGA, P.O. Box 18782, Ikeja, Lagos, Nigeria. Phone: +234 1 762 4131 E-mail: info@proshareng.com

If you are seeking permission to use our content or trademark or copyrighted work, kindly contact us via info@proshareng.com or/and at the address above by submitting a letter titled: "Conformation of Compliance with Best Practice Reprint and Reuse" addressed to the Chief Operating Officer (COO), Proshare.

Comments in Discussion Forum / Site

These rules describe the community practices of Proshare. Registration for our website forums, blogs and social media linkages is free, but we do expect you to observe our usage terms and conditions, which are intended to make your use of this website professional and informative.

Please read them carefully. If you post comments on Proshare website you are agreeing to adhere to these terms; and it applies every time you post a comment.

  • You are responsible for keeping your passwords and usernames safe and if a posting is made using your name and password it will be considered to have been posted by you.
  • You agree that you will not post any messages on any of our Discussion Forums and site that is either unlawful, threatening, abusive, harassing, defamatory, libelous, deceptive, fraudulent, invasive of another's privacy, sexually explicit, pornographic or otherwise breaches the terms stated here and/or the subscriber agreement, terms & conditions of the website, and privacy policies

We want to encourage creative, original and thought-provoking discussions. The comments in our forums, blogs and news posts are not to be used as a free platform for the following:

  • Personal attacks on others, to make disparaging remarks about any person or entity..
  • Interfere with anyone else's use and enjoyment of the website.
  • Content which abuses, threatens, promotes, or instigates physical harm or death to others, or yourself;
  • Victimise, harass, degrade or intimidate an individual or group of individuals on the basis of religion, gender, sexual orientation, race, class, education, ethnicity, age, or disability.
  • Infringe on any patent, trademark, copyright, right of publicity, or other intellectual property right of any party.
  • Contains software viruses' computer codes, files or programs to disrupt, damage, or limit the functioning of any software, hardware, or telecommunications equipment or to damage or obtain unauthorised access to any data or other information of any third party.
  • Impersonate any person or entity. Including any of our employees or representatives.
  • Disrupt normal flow of dialogue.
  • Contain non related comments to the topic, subject or news under discussion.
  • Discussion is not acceptable in any other language except English, and must not be in a manner deemed inappropriate by ourselves.
  • You agree you will never intentionally create market abuse by making false, misleading statements relating to investment prices and performances. Market abuse is an offence which could lead to fines or imprisonment.
  • You agree that you will not post, either intentionally or otherwise, any material that could have the effect of manipulating the market value of any investment.
  • You must not offer to buy or sell any investment or product or use the discussion boards to advertise any product or service.
  • You agree that you will not post information that you know to be confidential or sensitive or otherwise in breach of the law. You should only post material that you know to be public knowledge. If you have any doubts do not post it on the site.
  • You will not retaliate to offensive posts. This causes problems for other users. You must report such messages to us and we will fully investigate every report we receive.

NB: If you see or receive any communication in our website that does not comply with these Terms or that you consider is inappropriate, please report this immediately to info@proshareng.com. We do not monitor the comments nor do we exercise any form of editorial control or censorship of any message on our news posts, forums and blogs but will act once such is noticed or brought to our attention.

  • Never attempt to gain unauthorized access to any area of the site. This is known as hacking and it is illegal.
  • You must not create multiple identities, this is strictly prohibited. Any user found to have multiple identities will be removed from our website permanently.
  • Remember, the details you supply and all messages are recorded and kept, including your originating IP address and this information may have to be disclosed to any regulatory or criminal authority or third party, and law enforcement agencies will be able to trace your activity to a specific machine, whether or not you use a fake or real name or email address.
  • You expressly understand and agree that neither Proshare nor its affiliates and principal will accept any responsibility for information posted on the website or any investment decisions made based on any information posted on the website. You further understand that we make no warranties in respect of, nor do we guarantee the accuracy, integrity or quality of any content posted.
  • If we receive notice that any posting or your intended use of the Discussion Forum is not in keeping with these Terms, Proshare may remove that posting and/or any other related postings and/or disable your user name and password, permanently or temporarily and take all such steps as may be necessary to protect the company's position.

*Disclaimer: Quotes from the website including comments made thereon may be used in news articles as these are purely for editorial comment.

Proshare Nigeria


The Proshare Advertising Code & Guidelines ("the Code") adopted by Proshare sets the criteria for acceptable advertising on all proshare suites/domains.

Created since 2009 to promote the professional application of best practice advertising guidelines for an investment portal, the Code is the cornerstone of our ethical application of self-regulation in the discharge of our responsibilities.

Administered by the board of directors, the Code is regularly updated to ensure it is current and keeps pace with consumer, regulatory and societal expectations. It contains 28 clauses that set the criteria for acceptable advertising that is truthful, fair and accurate.

More than that, it provides a clear-cut resolution of possible conflict of interest, role and opinion that may arise where journalists, analysts and researchers issue news, reports and opinion on entities previously, currently or proposing to advertise with, and on the proshare platform(s).

Proshare recognizes that when used professionally and fairly, online advertising provides the consumer/client with needed and useful information; and investors the basis to use such communication as they deem fit. Proshare therefore believes that online advertising for a market data firm should be patterned along the following guidelines:idelines:

General Policies

  • The intent and connotation of the adverts placed would be to inform and never to discredit or unfairly attack competitors, competing products and services..
  • The advert would compare related or similar properties of the product or service dimension to dimension and feature to feature.
  • The identification promos for the advert would be for honest comparison purposes and not simply to upgrade by association.
  • In all cases, the advert would be supportive of its claims in its communication effect and purpose.
  • The advert by its very nature will not distort facts and by implication not convey to the consumer information that misrepresents the truth.
  • The advertisement would never use partial or insignificant results to cause improper conclusion for consumers.
  • The advertisement would be fairly and properly communicated but never in a manner or tone that reduces the objectives or philosophy of the organization.
  • Comparatives delivered through the use of testimonials would not imply that the testimonials are more than one individual's thoughts unless, that individual represents a sample of the majority view point.
  • Comparisons, if made would be significant in terms of value or usefulness of the product or service to the consumer.
  • Advertiser will promptly respond to any complaints by consumers/clients on a particular advert or campaign
  • Refunds will not be made for suspended or truncated campaigns. Proshare however may consider in rare cases saving the paid charges of such a campaign for another future campaign.

Conflict of Interest Disclosures

  • The advertising service is separate and distinct from the Independent Analyst Service rendered by Proshare; ensuring that advertising services do not conflict with the analyst's opinion.
  • The research analyst(s) are primarily responsible for the preparation and content of all or any identified portion of this research report hereby certifies that all of the views expressed herein accurately reflect their personal views about those issuer(s) or subject securities.
  • Each research analyst(s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in any given report; unless otherwise disclosed.
  • In situations where Proshare is not satisfied that our arrangements to handle conflicts are sufficient to prevent a conflict from potentially harming your interests, we will disclose the nature and source of the conflict to you and if appropriate, obtain the permission of the advertiser to proceed with the service.
  • For further information on how we handle conflict of interest, see our policy below.

Creative Work /Technical Guidelines

  • All creative work and technical details including words, service propositions and deliverables carried on Proshare website are the sole responsibility of advertisers.
  • Proshare however reserves the right to reject or deny any claim it knows, believes or considers to be or appear as a misrepresentation of reality to the public's it serves.
  • Where Proshare agrees to use its competence to design, create and load adverts for and on behalf of advertisers, it does so with the client/advertisers acknowledgment of liability for the message(s) promoted.

Links to Other Websites

  • Proshare website may contain links or references to other websites. Please be aware that Proshare does not control other websites and that our terms and conditions relating to third party websites apply here. We are not responsible for, nor do we endorse, the contents of these other websites. If you in any way rely on information obtained from any such websites, you do so at your own risk.

Approved 3rd Party Advertising & Ad Merchants

  • Currently Proshare does not have any affiliation with third party Ad merchants and do not carry adverts not directly sourced from clients that comply with the code.
  • By the nature of our service, we work with and through partners whom we support by promoting their businesses through mentions and hyperlinks. This is in no way an endorsement but a business courtesy we consider appropriate to reflect their commitment and application to providing high quality content for the site.
  • Generally, online social media resources are interactive tools that enable you to collaborate and share information with others. Social media resources include but are not limited to social networks, discussion boards, bulletin boards, blogs, wikis, and referral functions to share web site content and tools with a friend or colleague. Proshare deploys these resources and encourages users to sign up for them. We may share advertising on the site as may be deemed necessary to bring users into awareness of new developments in the market or promotional campaigns that they may benefit from..

Space Rental & Revolving Door Options

  • Our AD-Space Rental option allows advertisers to run multiple campaigns off the spaces provided for tenure-bound adverts at no extra cost. This is done to avoid a situation where advertisers are exploited for choosing to change their minds or seek to reduce their cost per space paid for.
  • The revolving door option signposts the process through which the AD manager manages adverts on the site in such a way as to ensure that advertisers are not giving undue preferences over the other for same services. Adverts are attached weights which are pre-approved by the management based on a model guiding the advert rates submitted to clients.

Commissions & Trade Discounts

  • Commissions are only approved for members of staff of Proshare and Ad Agencies duly appointed by Proshare - and supported by an agreement of service contract.
  • Proshare does not pay commissions to members of staff of client companies.
  • Trade discounts are as advised by the Business & Markets unit, approved by the board of directors and administered by the Finance function. It categorically recognizes three scenarios - repeat customers, cash-paying customers and partner advertisers who pay ahead for contracts of one year and more. The credit for the discount so granted is to the account of the advertising entity/client; and is reflected on invoices issued.

Proshare Nigeria


There may be various points when we provide services to you where our interests and or those of our staff conflict with your interests. Equally, your interests may occasionally compete with those of other clients.

Where we are aware, including being made aware, that we are faced with a situation of competing interests, we will undertake all reasonable steps to protect your interests and ensure your fair treatment, in line with the duties we owe you as our client.

Proshare has a policy in place to handle conflicts of interest so that we act with an appropriate degree of independence from our own interests when transacting with you or dealing on your behalf. The policy ensures that we identify, prevent and manage conflicts of interest, including ongoing monitoring of the effectiveness of the arrangements. The policy is regularly reviewed by senior management to ensure our arrangements remain robust and fit for purpose.

Some of the conflicts that could arise are shown below, we expect you to consent to us acting in these situations:

Examples of such situations include:

  • where we carry out business for and on behalf of other clients, partners and entities;
  • where we deal on your behalf through an associate or where an associate is otherwise receiving an agent's commission;
  • where we effect or arrange transactions in which we or an associate benefits from a commission, fee, mark-up or markdown and/or in respect of which we, or an associate, may also be remunerated by the counterparty to the transaction;
  • where we match your transaction with that of another client by acting on their behalf as agent as well as yours;
  • where we execute a transaction in circumstances where we have knowledge of other actual or potential transactions in the investment concerned;
  • where we or our associates are involved in or act in respect of a new issue, rights issue, takeover or any other transaction or have any other relationship with an issuer of investments which is relevant to investments in which we deal on your behalf or make recommendations

We will ensure that transactions into which we enter on your behalf are on terms that are not materially less favourable to you than if no potential conflict had existed.

When conducting business for you, we may receive from or pay to a third party commissions or other benefits in relation to that business. For any such commissions or benefits, we will ensure that these arrangements provide for an enhancement of the service to which they relate and that they do not prevent us from acting in your best interests.

For any business where you are introduced by a third party, we may have made a payment to the introducer or pay ongoing commissions. You may request details of these payments.

We provide a range of services and may possess information of a confidential or non-public nature which we are under a duty not to disclose or use for our own benefit or anyone else. We will therefore be unable to use this information on your behalf or disclose it to you. In providing our services under the Agreement, we are not obliged to disclose or take into consideration any information, fact or matter that disclosure of which would be a breach of a duty of confidentiality to any other person or result in a breach of any applicable law or regulation.

Proshare Nigeria