By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ng
  • News
    • Politics
    NewsShow More
    Ganduje Cautions Kano Governor-Elect For Giving Public Order Under His Government
    March 31, 2023
    Labour Party
    We Did Not Dismiss Our National Chairman — Labour Party
    March 31, 2023
    Dr. Adesola Adeduntan, CEO of First Bank of Nigeria
    FirstBank of Nigeria Announces Phased Name Change of Subsidiaries in UK and Sub-Saharan Africa
    March 31, 2023
    Two Chinese Nationals Bag Six Years Jail Term Each
    March 31, 2023
    President/Group Chief Executive Officer, Dr. (Mrs.) Owen Omogiafo
    Transcorp Plc Records 8% Increase in Profit Before Tax, N30.3 Billion for Full Year 2022
    March 31, 2023
  • Entertainment
    EntertainmentShow More
    Former BBNaija Housemates Saga and Nini Get Engaged
    March 31, 2023
    Davido
    Davido drops highly anticipated album ‘Timeless’ – DOWNLOAD
    March 31, 2023
    Popular Ghanian TikToker Ahuofe is Dead
    March 30, 2023
    Falz and Vector join forces to slam INEC Chairman in ‘Yakubu’
    March 30, 2023
    David Adeleke (Davido)
    Spotify Unveils Exclusive Trailer for Davido’s Highly Anticipated Album, Timeless
    March 30, 2023
  • Business & Economy
    Business & EconomyShow More
    President/Group Chief Executive Officer, Dr. (Mrs.) Owen Omogiafo
    Transcorp Plc Records 8% Increase in Profit Before Tax, N30.3 Billion for Full Year 2022
    March 31, 2023
    (L-R) Chief Executive Officer of FMDQ, Bola Onadele Koko; Group Managing Director, Dangote Industry Limited, Olakunle Alake and Mustapha Ibrahim, the Group Chief Financial Officer, Dangote Industries Ltd. during the Listing Ceremony of the Dangote Industries Funding Plc's Bonds at FMDQ, in Lagos
    Dangote Industries lists Series 1 and 2 bonds worth N300bn on FMDQ and NGX
    March 30, 2023
    Zenith Bank
    Zenith Bank reports 24% growth in gross earnings for 2022 financial year
    March 29, 2023
    Dangote Cement
    Dangote Cement Plc declares N340 billion payout for shareholders in upcoming AGM
    March 22, 2023
    CBN Governor, Godwin Emefiele
    CBN Raises Benchmark Interest Rate to 18.5%
    March 21, 2023
  • Sport
    SportShow More
    Arsenal Manager, Arteta Named EPL Manager of the Month
    March 31, 2023
    Sir Alex Ferguson and Arsne Wenger inducted into Premier League Hall of Fame
    March 29, 2023
    Anthony Joshua Ready to Retire If He Fails to Beat Jermaine Franklin
    March 28, 2023
    AFCON Qualifiers: Nigeria Beat Guinea Bissau 1-0 in reverse fixture
    March 27, 2023
    Antonio Conte
    Tottenham part ways with manager Antonio Conte
    March 26, 2023
  • Tech
    TechShow More
    Google releases 2022 Ads Safety Report detailing efforts to combat harmful content
    March 29, 2023
    The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami) in a group photograph with some of the members of the Nigeria Startup Act Implementation Committee shortly after the inauguration ceremony
    FG Inaugurates Committee for Implementation of Nigeria Startup Act 2023
    March 9, 2023
    Mobile Ridesharing App Emerges as Winner at NCC’s Young Innovators Competition
    February 18, 2023
    The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami During the Ministerial Training Session for Board and Management Staff of NITDA at Transcorp Hilton Hotels Abuja
    Pantami Charges NITDA to Embrace Critical Thinking for the Benefit of Nigerians
    February 17, 2023
    Airtel Nigeria and itel Partner to Launch the Most Affordable 4G Smartphone for Nigerians
    February 16, 2023
Reading: Stanbic IBTC hosts session to enlighten Nigerians on Stockbroking
Share
Aa
Okay.ngOkay.ng
Aa
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Business

Stanbic IBTC hosts session to enlighten Nigerians on Stockbroking

Muhammad A. Aliyu By Muhammad A. Aliyu Published January 7, 2022
Share
4 Min Read
Stanbic IBTC Stockbrokers
Stanbic IBTC Stockbrokers
SHARE

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.

- Advertisement -

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.

TAGGED: Stanbic IBTC, Stanbic IBTC Stockbrokers
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Copy Link Print
What do you think?
Happy0
Love0
Sad0
Angry0
Joy0
Surprise0

Connect with Okay on Social

Facebook Like
Twitter Follow
Instagram Follow
Telegram Follow
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Ganduje Cautions Kano Governor-Elect For Giving Public Order Under His Government
News
Labour Party
We Did Not Dismiss Our National Chairman — Labour Party
Politics
Former BBNaija Housemates Saga and Nini Get Engaged
Celebrities
Dr. Adesola Adeduntan, CEO of First Bank of Nigeria
FirstBank of Nigeria Announces Phased Name Change of Subsidiaries in UK and Sub-Saharan Africa
News
Two Chinese Nationals Bag Six Years Jail Term Each
News
- Advertisement -

You Might Also Like

President/Group Chief Executive Officer, Dr. (Mrs.) Owen Omogiafo
Business

Transcorp Plc Records 8% Increase in Profit Before Tax, N30.3 Billion for Full Year 2022

March 31, 2023
(L-R) Chief Executive Officer of FMDQ, Bola Onadele Koko; Group Managing Director, Dangote Industry Limited, Olakunle Alake and Mustapha Ibrahim, the Group Chief Financial Officer, Dangote Industries Ltd. during the Listing Ceremony of the Dangote Industries Funding Plc's Bonds at FMDQ, in Lagos
Business

Dangote Industries lists Series 1 and 2 bonds worth N300bn on FMDQ and NGX

March 30, 2023
Zenith Bank
Business

Zenith Bank reports 24% growth in gross earnings for 2022 financial year

March 29, 2023
Dangote Cement
Business

Dangote Cement Plc declares N340 billion payout for shareholders in upcoming AGM

March 22, 2023
Previous Next
Okay.ngOkay.ng
Follow US

© OKN MEDIA PUBLISHING 2022 - All rights reserved

  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
Welcome Back!

Sign in to your account

Lost your password?