@Ehimen7801 Thank you! 🙌 and yes I did open one long time ago. I will contact my broker and see what happens
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Nwosa A (datolee)
7.7K posts
Nwosa A (datolee)
@Gaffer_ng
Igbo, Christian (Anglican) , Frontend Dev
Katılım Haziran 2015
1.7K Takip Edilen367 Takipçiler
Ok, that has happened before. Have seen such cases. For ease of issues and going forward, you might want to stick to using only the one that has the same details as your BVN and NIN. And use that for any future brokerage app you might consider.
This also happened to people that started in the 2000s, stopped due to the issue of 2008 and came back after things have stabilized now.
You should also consult your broker.
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MODULE 3: OPENING A CSCS ACCOUNT — YOUR PERSONAL VAULT FOR YOUR SHARES
After choosing a licensed broker/app, the next step to start investing on the Nigerian Exchange (NGX) is to open a CSCS account.
The Central Securities Clearing System (CSCS) is the organization that safely keeps records of all shares you buy on the NGX. Think of it as your bank for shares.
When you buy shares, they are not kept by your broker. They are stored securely in your CSCS account under your name.
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WHAT IS A CSCS ACCOUNT?
A CSCS account is your personal record of ownership for shares listed on the NGX.
It shows:
- The shares you own
- The number of shares you hold
- All transactions (buying and selling)
- Corporate actions like dividends, bonuses, and rights issues
You usually pay a one-time fee to open this account, depending on your broker.
Once opened, you can access your holdings through the CSCS online portal. In the portal you can find all your shares, your brokerage firm(s), price history and many more tools to help your investment journey.
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THE THREE IMPORTANT TERMS YOU MUST UNDERSTAND
Let’s clearly differentiate the three items every investor will encounter.
1. THE CSCS ACCOUNT (YOUR SHARE WALLET)
This is the actual account where your shares are stored.
It is:
- Opened through your broker
- Registered in your own name
- Permanent, even if you change brokers
Think of it like:
Your personal bank account for shares
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2. THE CHN — CLEARING HOUSE NUMBER (YOUR UNIQUE IDENTITY)
Your CHN is your unique identification number in the CSCS system.
No two investors have the same CHN.
It is:
- Your permanent investor ID
- Used across all brokers
- Required for rights issues and public offers
Think of it like:
Your BVN for investments
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3. THE BROKER'S CSCS NUMBER (YOUR ACCOUNT WITH THAT BROKER)
Each brokerage firm assigns you a CSCS number under their firm when you register with them.
If you open accounts with two different brokers, you may have:
- One CHN (same)
- Multiple broker account numbers (different)
Think of it like:
Different bank account numbers under different banks
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EXAMPLE
Mr. Ade registers with a brokerage firm.
He receives:
- A CSCS Account — where his shares are stored
- A CHN — his permanent investor ID
- A Broker CSCS Number — his account with that specific broker
Later, if he changes brokers, his:
CHN stays the same
Shares remain safe
Only the broker account changes
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HOW TO OPEN A CSCS ACCOUNT
Opening a CSCS account is straightforward.
Your broker usually handles the process for you.
You will typically provide:
- Full name
- Date of birth
- Valid ID (NIN, Driver’s License, or Passport)
- Bank details
- Passport photograph
- Signature
Processing usually takes:
24 hours to a few working days
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HOW TO ACCESS YOUR CSCS PORTAL
Once your account is created, you can register on the CSCS website or mobile app to:
- View your shares
- Monitor transactions
- Track dividends and bonuses
- Confirm your holdings independently of your broker
This gives investors confidence and transparency.
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OPENING AN NGX ACCOUNT FOR RIGHTS ISSUES AND PUBLIC OFFERS
Some investment opportunities—like Rights Issues and Public Offers (IPOs)—require you to have an NGX/Primary Market account.
This allows you to buy shares directly when companies raise new capital.
Examples include:
- Rights issues
- Initial Public Offers (IPOs)
- Public Offers
- Share offers to existing shareholders
Your broker will usually help you complete this registration.
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EXAMPLE
A company announces a Rights Issue.
Only shareholders with valid:
- CHN
- CSCS account
can participate.
Without these, you cannot buy the new shares if you’re qualified for them.
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WHY THIS STEP IS IMPORTANT
Your CSCS account protects your ownership.
Even if:
- Your broker closes
- Your broker has technical issues
- You change brokers
Mr Peroo 😎 Prime!@Ehimen7801
INTRODUCTION TO THE NIGERIAN EXCHANGE (NGX): A SIMPLE GUIDE TO INVESTING The Nigerian Exchange (NGX) is the marketplace where shares of companies are bought and sold in Nigeria. It is where businesses raise money to grow, and where individuals like you and me can invest to build wealth over time. Investing in the NGX simply means owning a small part of a company. As the company grows and makes profit, your investment can grow too—through price increases and dividends (cash payments to shareholders). You don’t need to be rich to start investing. What you need is knowledge, discipline, and a long-term mindset. With as little as a modest amount of money, you can begin your journey into the world of investing. Why Invest in the NGX? - To grow your money over time - To earn dividends (passive income) - To beat inflation - To build financial security for the future Basic Steps to Start Investing: 1. Learn the fundamentals of investing 2. Choose a licensed stockbroker or brokerage firm with their apps. Choices are Bamboo, Afrinvest etc. 3. Open a Central Securities Clearing System (CSCS) account 4. Fund your brokerage account 5. Buy shares of strong, reputable companies 6. Monitor your investment and stay consistent Remember: Investing is not gambling. It is a strategy for building wealth patiently and wisely. Start small. Stay consistent. Think long term.
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@Ehimen7801 No two CHN numbers, all my details are the same in both except the name. Used my middle in name in one
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@Elkrosmediahub Talk is cheap. Someone was sentenced to death for killing a terrorist who came to attack him in his farm, did Oshiomole raise his voice?
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As interpreted by my friend:
“You get this kidnappers. Send them to God. Stop reporting to Police that’ll arrest and release dem to come back. End dem immediately!!” -• Senator Adams Oshiomhole.
John NetworQ@JohnNetworQ
I fully support this message . That is my comrade senator representing my interest in the senate Erama mhó @aoshiomhole 🙌🏾
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@bahdcoder At least you have the money to buy bicycle. There are some people earning the same 509k who won’t have that amount to buy the same bicycle
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In 15 years if you've saved 100M congrats. You'll be able to buy bicycle with it 😂
Cowrywise@cowrywise
How to build a ₦100M investment portfolio on a ₦500k salary. A thread for the Wealthy Generation
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@emmaikumeh But the constitution says 4 years! If we believed 4 years Isnt enough, we not make it a single term of 8 years?
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"Anyone who says one term is okay for them to take care of all the challenges bedeviling us as a nation is either a liar or a Fraud." — Segun Sowunmi
Lol 😆 okay ooh
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@Letter_to_Jack I have seen house rent 3M, total package 4.8M. I wan mad
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A senior man needed a fully furnished 4-bedroom duplex in Abeokuta for just 1 year to supervise a project. Agent quoted ₦5million for rent. It looked like a fair deal until agent said ‘Total Package’ was ₦7.7m
If rent is N5m, why is agency & agreement fees over 50% of it?
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@The_Chidimma “The only child in between both of you”
“office polices”
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It wasn't tribal but criticism of BAT is tribal right? always being disingenuous
Lumi@saintLumy
I can’t believe some of you are trying to make the heavy criticism of GEJ’s tenure tribal But then again, it’s you people 😂😂
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@emmannuel_codes A Jumia alternative but better??? You turned down 1m.. Abeg nah
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Techies… you need to see this 👀
I spent 3yrs building this project 🥲 but I’m giving it out for free 💜 (Open Source)
A Jumia alternative 🫠… but better.
This project actually forced me to learn coding the hard way 😭 It taught me both the technical side and the business side of how platforms like Jumia & Amazon really work 😅
A brand even offered me ₦1M for this project… but I turned it down 🤧
Because this isn’t just a product to me… it’s legacy code 💜
Something that helped me grow and can help other developers grow too.
So you don’t have to stress yourself figuring everything out 😭
From:
• Admin dashboard
• Sellers system
• Customer flow
• Logistics integration
• Payments
• Authentication
• Order management
…everything has already been implemented 🔥
You’ll find the project repo here pls drop a star 💜🫶 — lnkd.in/eFUs6Beq
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Mark Okoye is still organising workshop and conferences. 20 years from now, will resume talking about which area was Nigeria capital for 100 years.
See as a well organised region is running their own commission
DAWN Commission@DAWNCommission
SWDC Secures Rail Operations Licence The South West Development Commission has obtained a provisional rail operating licence from the NRC. This development, which builds on the extensive rail master planning work pioneered by the DAWN Commission, marks a decisive shift from vision to implementation. Read the full article here: punchng.com/south-west-com… @swdc
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@ASA___ODOGWU @nzemmili And you are making his point!!! Did you mention his tribe? By the way, your father and brother of the r£tarded Igbo men you are describing
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She didn't say anything about Taiwo, and that's because she couldn't make it about ethnicity cos she knows Yoruba women don't do that nonsense with them.
She's fighting to insert Igbo men cos they feel left out in the conversation. Main character syndrome.
𝙳𝚊𝚍𝚍𝚢’𝚜 𝙶𝚒𝚛𝚕 ᥫ᭡@ASA___ODOGWU
Sorry I’m an Igbo girl but this is why I won’t marry an Igbo man because I’m watching all of them on this platform. My dad is way better than the re tards i see online.
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@MyksonDosSantos Chidoka? How?? Does it mean he is out of favour with Soludo?
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Rotimi Amaechi threatened to leave the Coalition because he felt the party was pampering Peter Obi too much — Bolaji Abdullahi
Just to make Obi happy we lost Osita Chidoka smh
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I don’t get, Osita Chidoka was hustling NOS of ADC while at the same time hustling to replace Soludo in APGA in 2030?
Probably safe to say he isn’t getting the ticket from APGA in 2030
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@nzemmili No, let’s run with the lazy narrative that Ibeto was stopped by OBJ and everything given to Dangote.
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Our people aren’t aware of this, they’re still parroting being marginalised, and how Obasanjo wrecked Ibeto, as if there was a warning for him to stop importing cement, but start manufacturing.
Anyway, we love crying about marginalisation.
jay_your_finance_guy@that_trader_
Only ebonyi has limestone at substantial levels. But during the ibeto cement era...he bought large stakes of niger-cem and the mines around it. he used it to collect over $850m in loans, which he does not plan to payback soon. The mine is literally gone for good.
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@Bellowalterz @SodiqTade And of over 200 million Nigerians, it happened to be him? Who recommended him? Which party invites a “known opposition” to head their appeal committee or this is the first time parties are having appeal committee?
We are not children
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@SodiqTade you guys are plain stupid.
You don't know that chairman of panel is meant to be a neutral person
someone who doesn't have interest in any of the candidates
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Do you guys know how ridiculous it is to be doing Obi or nothing on the TL while in real life you are a chairman of an APC Screening Appeal committee in a state where they rigged Obi heavily in 2023. Lmaooo. The Santamaria Oracle na sabi man. These guys don't love Obi tbh.
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At this point, it’s safe to say everyone is working for Tinubu. Can we just move to 2031 already?
Great Oracle Extraordinary & Plenipotentiary.@AbdulMahmud01
Invited as an outsider by the party's leadership to oversee the appeals process transparently and fairly! I hope my presence made all parties appear today
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Simple and short. Anything other than Atiku/Obi ticket is APC win. Will this be a reality? I very much doubt, both Atiku and Obi have proven not to be builders but users. Both wants to be the president but don’t want to do the most important task of brining coalition together
Oyindamola🙄@dammiedammie35
“There’s no reason to have undivided opposition in 2027, the problem is that each of them believes they’re the most qualified candidate on the ballot. As at this morning, we were planning to go beg President Obasanjo to speak to them (Peter Obi and Atiku cos if the goal is to save Nigeria, personal ambition should be bur!ed”
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@dondekojo @Tadeseomooba BAT united the opposition in 2014/15 without state resources. Atiku couldn’t manage Wike in PDP, and PO couldn’t manage Abure.
The blame should go round, both lack the coalition-building and man-management skills a leader needs which is such a shame because they have the numbers
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@Tadeseomooba @Gaffer_ng Thank you. 🙏🏾 also forgetting the enormous state resources BAT gets to play with.
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