Stockbrokers offer safer route to Dangote IPO — Ex-CIS boss
A former CIS president advises Nigerians seeking to invest in the N2.15tn Dangote Refinery IPO to use licensed stockbrokers for professional advice and sup Read More: https://punchng.com/stockbrokers-offer-safer-route-to-dangote-ipo-ex-cis-boss/
Former Chartered Institute of Stockbrokers president Olatunde Amolegbe has advised Nigerians to invest in the Dangote Petroleum Refinery IPO through licensed stockbrokers. Amolegbe, who is the Managing Director and CEO of Arthur Stevens Asset Management Limited, highlighted the benefits of stockbrokers, including professional advice, portfolio management, and resolving share-related issues.
Stockbrokers can assist with opening Central Securities Clearing System accounts, purchasing shares, and managing investments after allocation. The IPO, worth N2.15tn ($1.6bn), aims to finance the refinery's expansion and targets about 10 million retail investors. Amolegbe emphasized that stockbrokers have undergone specific training in advising on shares and stocks.
Technological advancements have made stockbroking services more accessible to retail investors through electronic trading platforms.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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