Nigeria Investing

Brokerage Account

Definition

What is Brokerage Account?

An account opened with a stockbroker for buying, selling, and holding investments.

Example in practice

The investor funds a brokerage account before purchasing NGX shares.

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Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.

A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.

Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.

A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.

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