Don, Author at NairaBrains

In General

7 Good Job Hunting Websites for Job Seekers in Nigeria

August 6, 2025 No Comments

If you’re actively job hunting in Nigeria, knowing where to look makes a big difference. With so many listings online, using trusted job hunting websites helps you avoid scams and apply to relevant openings faster.

Whether you’re looking for a remote opportunity or an on-site job, here are 7 reliable job websites every Nigerian job seeker should know:

Remote Job Hunting Websites

Remote4Africa
This platform is focused entirely on remote jobs open to African talent including remote jobs in Nigeria. Whether you’re a writer, developer, or virtual assistant, Remote4Africa lists legitimate global opportunities that are remote-first.
We Work Remotely
A global platform listing thousands of remote jobs in tech, customer service, marketing, and more. While not Africa-specific, many roles are open globally.
Myremota
This is a Nigeria only focused remote job board. Categories range from software development to remote marketing and support.

General (Mostly On-Site) Job Websites

Jobberman Nigeria
One of Nigeria’s biggest job portals. It offers thousands of verified on-site job listings across industries and locations.
MyJobMag
Known for listing both junior and experienced roles across Nigeria. Offers a well-organized listing format and includes helpful career tips.
Hot Nigerian Jobs
A long-standing site trusted by many job seekers in Nigeria. Most listings are on-site, and it’s especially good for government or corporate job opportunities.
LinkedIn Jobs
While not Nigeria-specific, LinkedIn remains one of the best platforms to find jobs and connect with recruiters. Set your location to Nigeria to get tailored listings.

Some Tips to Help You Use Job Hunting Websites Smartly

Set up job alerts to be the first to apply
Tailor your CV and cover letter to each listing
Verify employer/job details—don’t fall for “pay-to-apply” scams

The job market in Nigeria is competitive, but using the right job hunting websites can help you stay ahead. Combine remote-focused platforms like Remote4Africa.com with general job boards like Jobberman for the best results.

Keep your documents (CV, cover letter, credentials etc) brush up on your work skills, stay consistent, and apply smartly. Your next opportunity might just be a click away!

In Personal Finance & Investments

A Beginner’s Guide to Investing in Treasury Bills in Nigeria

August 4, 2025 No Comments

If you’re looking for a secure way to grow your savings without the risk and volatility of the stock market, investing in treasury bills might be a smart move. Especially in Nigeria, treasury bills (T-bills), just like money market funds are a trusted low-risk option that provides predictable returns and peace of mind.

In this guide, we’ll walk you through everything you need to know about investing in treasury bills in Nigeria—from how they work to where you can buy them and what to expect in returns.

What Are Treasury Bills?

Treasury bills are short-term debt securities issued by the Central Bank of Nigeria (CBN) on behalf of the federal government. When you invest in a T-bill, you’re essentially lending money to the government, which promises to pay you back after a fixed period—usually 91, 182, or 364 days—with interest.

The best part? The interest is paid upfront. So if you invest ₦100,000 in a one-year treasury bill with a 20% return, you only pay ₦80,000 and get ₦100,000 back at the end of the term.

Why Invest in Treasury Bills?

Here’s why treasury bills are a go-to option for many Nigerian investors:

Low Risk: Backed by the government, T-bills are considered one of the safest investments.
Predictable Returns: Know your earnings upfront.
Short-Term Options: Choose from 3-month, 6-month, or 1-year maturities.
Tax-Free Interest: In Nigeria, T-bill earnings are currently not taxed.

How Do Treasury Bills Work in Nigeria?

The CBN sells treasury bills through auctions typically held every two weeks. Investors can participate via their banks or through licensed investment platforms. Bids are submitted indicating how much you want to invest and the yield you expect. The CBN then allots T-bills based on the highest accepted yields.

You can also buy existing T-bills on the secondary market through investment apps or brokers, although rates here may differ from the primary market.

How to Start Investing in Treasury Bills in Nigeria

Option 1: Through Your Bank

Visit your bank and request to invest in T-bills.
Fill out the necessary forms and fund your account.
The bank places a bid on your behalf during the next auction.

Option 2: Through Investment Apps
Platforms like Cowrywise, Risevest, or Trove allow users to invest in treasury bills with as little as ₦1,000. The process is simple:

Sign up
Fund your wallet
Select a T-bill product and invest

How Much Do You Need to Start?

Banks typically require a minimum of ₦50,000 to invest in T-bills directly. However, apps often lower the entry point for retail investors. Returns depend on market demand but range between 18% and 20% annually as of mid-2025.

You can check the latest treasury bill rates.

What to Look Out For

Liquidity: Once you invest, your money is locked until maturity unless you sell on the secondary market.
Inflation: If inflation exceeds your T-bill return, your real earnings are reduced.
Rate Fluctuation: Yields can vary with market demand and CBN policy.

In Business

How to Create Unique Business Name Ideas That Standout

July 29, 2025 No Comments

Your business name is often the first thing people notice—and remember—about your brand. In a digital-first world where customers form impressions in seconds, choosing a name that is catchy, relevant, and truly yours can make all the difference. If you’re on a mission to come up with unique business name ideas, this guide will walk you through the process step by step.

Why Your Business Name Matters

Your business name does more than sit at the top of your website or logo—it anchors your brand identity. A great name can:

Spark curiosity and brand recall
Boost SEO and discoverability online
Help distinguish your brand in a saturated market

Think of names like Flutterwave, Paystack, or Andela. They’re short, memorable, and brandable—key traits you should aim for.

What Makes a Business Name Great?

Before jumping into brainstorming, it helps to know what you’re aiming for. The best business names are:

Unique: No confusion with other brands
Simple and Memorable: Easy to spell and pronounce
Relevant: Hints at what your business does
Scalable: Won’t limit you if you expand services later
Available: The domain name and social media handles are free. The name is also available for business registration when you search the corporate affairs database

How to Generate Unique Business Name Ideas

1. Define Your Brand Identity

Start by answering:

What problem do you solve?
Who is your audience?
What emotions do you want the name to evoke?

This clarity will shape your naming direction.

2. Brainstorm Freely

Jot down words, phrases, and emotions tied to your business. Don’t edit—just let the ideas flow.

3. Mix and Match Words

Combine parts of words, prefixes, and suffixes. Think Spotify (Spot + Identify) or YouTube (You + Tube).

4. Use Name Generator Tools

Tools like Namelix or the Shopify Name Generator offer creative suggestions based on keywords.

5. Check Availability

Always check for:

Domain name (use tools like Namecheap)
Social media handles
Registered trademarks (check Nigeria’s Trademark Database)

6. Test Your Favorites

Run your top picks by friends or potential customers. How do they react? Is it easy to remember and pronounce?

Pro Tips for Crafting Unique Names

Avoid trends that may fade fast
Think long-term—can the name grow with you?
Be creative, but avoid hard-to-spell words
SEO matters—check what keywords it may rank for

Creating a strong, original name takes time—but it’s worth the effort. A name that is unique, memorable, and strategically chosen can position your brand for long-term success.

Don’t rush the process. Explore ideas, test them, and use the right tools to find a name that sets your business apart

In Cryptocurrency

How to Start Trading in Cryptocurrency: The Basics You Need to Know

July 28, 2025 No Comments

Cryptocurrency has become one of the hottest investment options in the last few years. From Bitcoin to Ethereum and hundreds of altcoins, many people want to take advantage of its fast-moving markets. If you’re new and wondering how to start trading in cryptocurrency, this guide will help you understand the basics before you make your first trade.

What Is Cryptocurrency?

Cryptocurrency is a digital or virtual form of money that uses cryptography for security. Unlike traditional currencies, cryptocurrencies are decentralized and operate on blockchain technology — a system of recording transactions that’s transparent and nearly impossible to alter.

Bitcoin (BTC) is the first and most well-known cryptocurrency, but others like Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and many more are also widely traded.

Learn the Different Ways to Trade

Before you start trading, it’s important to understand the various styles of crypto trading:

Spot Trading: Buying and holding cryptocurrencies until you sell them at a higher price.
Margin Trading: Trading with borrowed funds for potentially higher profit (also higher risk).
Futures Trading: Trading contracts that bet on the future price of a cryptocurrency.
Day Trading & Swing Trading: Short-term strategies based on price fluctuations.

Choose a style that suits your risk level and time commitment.

Choose a Reliable Crypto Exchange

One of the first steps when learning how to start trading in cryptocurrency is to select a trusted crypto exchange. Exchanges are platforms that allow you to buy, sell, and trade crypto assets.

Popular exchanges for Nigerians and Africans include:

Binance – Offers a wide range of trading options, including P2P and futures
Bybit – Good for margin and futures trading
Luno – User-friendly for beginners
Quidax – Built for Africans, supports naira deposits

When choosing an exchange, consider trading fees, security features, supported cryptocurrencies, and local payment methods like bank transfer or mobile money.

Set Up a Crypto Wallet

A crypto wallet stores your digital assets. There are two types:

Hot Wallets (connected to the internet): e.g., Trust Wallet, MetaMask
Cold Wallets (offline and more secure): e.g., Ledger Nano, Trezor

For beginners, hot wallets are easier to use. However, for storing large amounts, cold wallets are safer.

Start Small and Trade Wisely

When starting out, only invest what you can afford to lose. Cryptocurrency markets are highly volatile, and prices can swing wildly in minutes.

Tips:

Use a small amount to practice.
Learn to read candlestick charts and market trends.
Understand basic risk management — set stop-loss and take-profit levels.

Keep Learning and Stay Informed

The crypto market evolves daily. To keep up:

Read crypto blogs and news sites (e.g., CoinDesk, CoinTelegraph)
Join crypto communities on Twitter/X, Telegram, Reddit, and Discord
Take online courses or follow YouTube channels that teach crypto basics

The more you learn, the better your chances of success.

Final Tips to Keep in Mind

Beware of scams and phishing attacks. Always double-check links and avoid suspicious offers.
Don’t follow hype blindly. Research before you invest in a project.
Stay updated with government regulations in your country — crypto laws vary widely.
Use two-factor authentication (2FA) for all your accounts.

Conclusion

Learning how to start trading in cryptocurrency doesn’t have to be complicated. Start with the basics, use trusted platforms, keep learning, and practice safe trading habits. With patience and strategy, you can build knowledge and possibly profit in this exciting digital economy.

In Loans

The Several Ways You Can Borrow Money Online in Nigeria

July 8, 2025 No Comments

Access to credit has become faster and more convenient than ever in Nigeria thanks to the rapid rise of digital lending platforms. Whether you’re a salaried worker, business owner, student, or simply in need of urgent funds, there are now multiple ways to borrow money online without the lengthy paperwork or collateral often required by traditional institutions. This article explores the various options available and what you should keep in mind before taking a loan.

1. Online Loans from Licensed Loan Apps

One of the most popular ways to borrow money online in Nigeria is through mobile lending apps. These platforms offer instant personal loans to individuals using a fully digital process.

Examples include:

FairMoney
Branch
Carbon
PalmCredit
Aella Credit

Typically, users only need to download the app, create an account, provide their BVN and basic personal details, and grant permission to access phone data. Loans are disbursed instantly, but they often come with higher interest rates and short repayment terms. These apps are convenient for quick, short-term borrowing, but users should always read the terms before committing.

2. Online Loans from Microfinance Banks (Digital MFBs)

Digital microfinance banks also offer personal and business loans online. These banks are licensed and regulated by the Central Bank of Nigeria (CBN) and often integrate lending with savings and current accounts.

Examples include:

Kuda Bank (Kuda Overdraft)
VFD Microfinance Bank
Sparkle
Eyowo

Loans are typically based on the user’s transaction history and behavior. With lower interest rates and better structure than many loan apps, digital MFBs are becoming increasingly attractive to individuals and SMEs.

3. Online Loans from Commercial Banks

Several commercial banks in Nigeria now offer instant digital loans through mobile apps, USSD codes, and internet banking portals. These loans are usually available to salary earners and existing customers with steady transaction histories.

Examples include:

GTBank – QuickCredit
Access Bank – QuickBucks / Payday Loan
First Bank – FirstAdvance
UBA – Click Credit

These bank loans often come with better interest rates, longer repayment terms, and higher limits compared to app-based lenders. If you’re already banking with one of these institutions, this can be a reliable and cost-effective borrowing option.

4. Peer-to-Peer (P2P) Lending Platforms

P2P lending connects borrowers directly with individual lenders through digital platforms. Unlike banks, these platforms allow for more flexible loan terms but can carry higher risk.

Examples:

FINT
KiaKia

Borrowers create profiles, indicate how much they want to borrow, and are matched with potential lenders. The platforms usually serve as intermediaries, handling documentation and repayment processes.

5. Buy Now, Pay Later (BNPL) Services

BNPL services are ideal for individuals looking to purchase products and pay over time, rather than borrowing cash directly. These platforms partner with merchants to let users pay for items in monthly installments.

Examples:

CredPal
CDcare
Carbon Zero

BNPL is commonly used to finance electronics, home appliances, and gadgets. Users are often required to pay an initial deposit and spread the rest over 3 to 6 months.

6. Salary Advance or Employer-Backed Loans

These are short-term loans offered either directly by employers or through fintech platforms that partner with companies. They are ideal for salary earners looking to access a portion of their income before payday or borrow against future earnings.

Examples include:

Earnipay
SeamlessHR Credit
Sycamore Salary Advance

These loans typically come with lower interest rates and are automatically deducted from your monthly salary, making them low-risk for lenders and borrowers alike.

7. Cooperative Lending & Digital Thrift Systems

This model involves borrowing through group savings or cooperative structures, which are now available digitally. It’s especially common in communities and workplaces.

Examples:

Esusu
AjoMoney
Cowrywise Circles

These platforms digitize the traditional ajo/esusu model, allowing members to contribute regularly and take turns accessing the collective funds. It’s a trust-based, low-interest borrowing method.

8. Key Things to Consider Before Borrowing Online

While the options are many, you should be cautious before taking any loan. Always:

Confirm the platform is licensed by the CBN or regulated by the SEC.
Carefully read the terms of interest rates, repayment schedule, and hidden charges.
Be wary of lenders that harass or shame borrowers — this is unethical and often illegal.
Avoid taking multiple loans simultaneously from different platforms to prevent a debt trap.

In Personal Finance & Investments

How to Buy Apple Shares from Nigeria

July 2, 2025 No Comments

Apple Inc. (trading as AAPL in the US stock market) is one of the most valuable companies in the world, known for its iconic iPhones, MacBooks, and global digital ecosystem. Many Nigerians are now more interested in investing in the US stock market, buying shares of companies like Apple and other international giants to build wealth in foreign currencies. The good news? It’s easier than ever to buy Apple shares from Nigeria—even with as little as ₦5,000.

Why Should You Invest in Apple?

Apple has a proven track record of growth, innovation, and profitability. It’s a dominant brand with billions of loyal users and strong cash flow. The company also pays quarterly dividends and continues to lead in areas like AI, services, and wearable tech. Owning Apple shares allows you to earn in USD and benefit from long-term global growth trends.

Can I Buy Apple Shares from Nigeria?

Yes, you can. Thanks to several fintech platforms and global brokers, Nigerian residents can now invest in U.S. stocks like Apple from their phones. These platforms offer fractional shares, meaning you can buy a portion of a share if you can’t afford a full one.

Steps to Buy Apple Shares from Nigeria

Pick a trusted platform: Nigerian-friendly apps like Bamboo, Trove, Risevest etc let you invest in U.S. stocks. Alternatively, global platforms like Interactive Brokers or eToro also work (but may require a dollar card and more setup).
Sign up and verify your identity: Upload a valid ID (e.g., National ID, passport) and proof of address.
Fund your wallet: Use a debit card, bank transfer, or USD funding option.
Search for “Apple” or ticker “AAPL”: Enter the amount you want to invest and place your order.
Track performance: You can monitor your investment and even set up auto-investment plans.

Important Tips You Should Note

Currency risk: Your returns are in dollars, which protects against naira depreciation, but always be aware of forex fees.
Long-term mindset: Apple is a stable blue-chip stock ideal for long-term investing, not day-trading.
Start small: You can invest in fractions of a share, allowing low-barrier entry.

Following the above guide on how to buy apple shares will set you on your way to owning the stock of one of the world’s biggest companies. These days buying Apple shares from Nigeria is straightforward and offers an easy way to start building wealth in hard currency. With just your smartphone, a verified account, and a little capital, you can own a slice of one of the world’s most powerful companies—no international travel required. Start today and take a step toward global investing.

In Personal Finance & Investments

Stock Investment 101: How to Buy Company Shares and Invest in the Stock Market

June 30, 2025 No Comments

Investing in company shares is one of the smartest ways to build long-term wealth. A share (or stock) represents partial ownership in a company. When you buy a company’s share, you become a shareholder and can benefit from its profits through dividends or share price appreciation. In Nigeria, the official marketplace for trading these shares is the Nigerian Exchange Limited (NGX), formerly known as the Nigerian Stock Exchange.

Why You Should Consider Investing in Stocks

Stocks allow you to grow your money passively over time, especially when invested in solid companies. Unlike savings accounts that offer low interest, stocks often provide higher returns—if you invest wisely. With rising inflation in Nigeria and limited job security, building an investment portfolio is a powerful step toward financial independence.

Additionally, some Nigerian companies (e.g., GTCO, Dangote Cement, and MTN Nigeria) have consistently paid dividends to shareholders. That means you not only gain from rising share prices, but also receive periodic income.

However it is important to note that stocks as an investment can have up and down movements. The value of stocks can be affected by general economic conditions and/or events.

How to Buy Company Shares in the Nigerian Stock Market as a Beginner

Open a CSCS Account: You need a Central Securities Clearing System (CSCS) account, which is like a bank account for shares. This is usually opened through a stockbroker.
Choose a Licensed Stockbroker: Pick a registered brokerage firm like Meristem, Chapel Hill Denham, CardinalStone, ARM Securities, or use digital apps like Chaka, Risevest, Trove, or InvestNow.
Fund Your Account: Transfer money to your brokerage account to start buying stocks.
Buy Shares: Use the broker’s platform or mobile app to search for the companies you’re interested in and place a buy order.
Monitor Your Investment: Track your stocks and stay updated with market news.

Here are Some Important Things to Bear in Mind

Start Small: You don’t need millions. Many brokers let you start with as little as ₦5,000 or ₦10,000. So if you are thinking of how to buy company shares and think you need lots of money to start, think again.
Think Long-Term: The stock market rewards patience. Don’t expect instant gains.
Diversify: Don’t put all your money in one stock. Spread your investments across different sectors (e.g., banking, telecom, agriculture).
Know the Risks: Stock prices can go up or down. Only invest money you don’t urgently need.
Dividends vs Growth: Some companies pay dividends; others reinvest profits to grow. Choose based on your income vs long-term goals.

Recommended Resources to Learn Stock Analysis

Nigerian Exchange Group Website – This is the official website of the Nigeria exchange limited – responsible for managing the stock exchange. It is a treasure trove of information on all listed companies including latest financial reports and helpful articles on becoming an investor
Investopedia.com – Global investing concepts explained simply.
Stockbrokers’ Research Reports – Most Nigerian brokers publish free reports.
Social Handles of Investors – You can find and follow the social media handles of several persons/investors who post educating content about investing in the Nigerian Stock Exchange (NGX). You can find some of them on X (Twitter) – ADUOLUWATOPE, Rufybaba
Books – The Intelligent Investor by Benjamin Graham and The Smart Money Woman by Arese Ugwu (for financial literacy).

In summary, investing in the Nigerian stock market is accessible and potentially rewarding. With the right tools, knowledge, and patience, anyone can start building wealth—one share at a time.

In Loans

Report: Top Instant Loan Apps in Nigeria 2025

June 25, 2025 No Comments

There are at least over 300 legally approved digital lenders in Nigeria—but not all are legitimate. This curated list of instant loan apps in Nigeria can be a starting point for anyone looking to borrow money from reliable loan apps in Nigeria.

Always note to

only borrow money from loan apps when it is absolutely necessary
have a plan to repay your loans
borrow only for income generating activities to give you a better chance of repaying the loans

Here’s a list of top instant loan apps in Nigeria, licensed or approved by the CBN and/or the FCCPC. We have also tried to include information on the range of loan amounts for each and the payable interest rates. Note however that does may change from time to time and Nairabrains will not be responsible or liable for any information contained in this article. Always do your own research and due diligence.

1. Carbon

Carbon is a digital bank and lender in Nigeria.

Loan Details

Loan Amount: from N2,500 to N1,000,000
Repayment periods: 61 days to 12 months
Interest rates: 4.5% to 30% per month
No collateral or guarantor required

2. Fairmoney

Loan details

Loan amounts: N1,500 to N3,000,000
Repayment periods: 61 days to 18 months
Monthly interest rates: 2.5% t 30%

3. Branch

Branch, a digital banking app offers personal loans to Nigerians.

Loan details

Loan amounts: N1,000 to N1,000,000
Loan term: 62 days to 1 year
Interest rates: 3% to 23% monthly

4. Quickcheck

Loan details

Loan amounts: N1,500 to N500,000
Repayment periods: 91 days to 1 year
Interest rates: 25 to 30% monthly

5. Renmoney

Loan details

Loan amounts: N5,000 to N6,000,000
Repayment periods: 3 months to 24 months
Interest rates: 2.12% to 2.65% monthly

6. Migo

Loan details

Loan amount: Up to N1,000,000
Interest rates: 2% to 15% monthly

7. Easement

Loan details

Loan amounts: N3,000 to N1,000,000
Repayment periods: 91 to 365 days
Interest rates: 5% to 10% monthly

8. ALAT

ALAT is a fully digital bank owned by Wema Bank.

Loan details

Loan amounts: N50,000 to N4,000,000
Repayment periods: 3 to 24 months
Interest Rateș: 2% per month

9. Umba

Loan details

Loan amounts: N3,000 to N300,000
Interest rates: 10% to 21% per month; 5% monthly interest for Salary Advance loans

10. Newcredit

Loan details

Loan amounts: N10,000 to N300,000
Repayment periods: 91 to 365 days
Interest rate: 4% monthly

Factors to Consider in Choosing the Right App

Loan size & tenor: Choose apps based on your funding needs
User experience: Consider simplicity, customer reviews, app rating
Interest rates & fees: Compare using published APR and charges
Repayment flexibility: Longer terms may reduce monthly burden
Use case: Quick cash, business funding, payroll loans, salary advances

In Cryptocurrency

5 Cryptocurrency Trading Platforms/Exchanges You Can Use in Africa

June 24, 2025 No Comments

Cryptocurrency adoption is fast growing in Africa. Several factors contribute to this including – the interest in investing in crypto coins, the desire for financial inclusion, the need to hedge against volatile local currencies, the attraction of faster and cheaper international/cross border financial transactions.

With a much younger and increasingly digital savvy population countries like Nigeria, Kenya, Ghana, South Africa, Tanzania lead the way in adoption of cryptocurrency in the continent. More people are looking for a cryptocurrency trading platform that enables them take advantage of opportunities in the crypto world.

For young crypto enthusiasts finding the best cryptocurrency trading platform is important. They need to choose platforms that are are accessible, reliable, and compliant with local regulations.

Below are five cryptocurrency trading platforms or exchanges that support users in Africa and a simple step-by-step guide on how to use each.

1. Binance

Overview:
Binance is the world’s largest crypto exchange by trading volume and has a strong presence in Africa. It supports NGN and offers peer-to-peer (P2P) trading for easy fiat-to-crypto exchange.

Despite their run-ins with the Nigerian government, Binance continues to see use and adoption among younger Nigerians and other African countries.

How to Use Binance in Africa:

Sign up at Binance.com or via the mobile app.
Verify your identity (KYC) with a valid ID and facial verification.
Go to the P2P section (note that this feature has been disabled for Nigerians as at the time of writing this article), select your currency (e.g., NGN, KES), and choose a seller.
Transfer payment to the seller via bank transfer or mobile money.
After the seller confirms, your crypto (e.g., USDT, BTC) is released to your wallet.
Use your crypto to trade, hold, or convert within the app.

2. Bybit

Overview:
Bybit is a fast-growing exchange that supports African users and is known for derivatives trading, spot trading, and an easy-to-use mobile app. It supports peer-to-peer (P2P) and third-party fiat gateways for buying crypto. Bybit ranks second (by market volume) in list of world cryptocurrency exchanges.

How to Use Bybit in Africa:

Sign up at Bybit.com or download the app.
Complete KYC verification using a valid ID.
Tap on P2P Trading and filter by currency (e.g., NGN).
Choose a verified merchant, make a bank transfer, and receive crypto.
Trade or withdraw to another wallet, or stake to earn interest.

3. KuCoin

Overview:
KuCoin offers access to hundreds of cryptocurrencies and altcoins. It supports P2P trading and allows Africans to fund accounts via third-party services.

How to Use KuCoin:

Visit KuCoin.com and sign up.
Complete identity verification.
Go to the P2P section and select a seller.
Pay via bank transfer and receive crypto in your KuCoin wallet.
Use the spot trading feature to buy or swap altcoins.

4. Yellow Card

Overview:
Yellow Card is designed specifically for African users and is available in over 16 countries. It enables users to buy crypto using local bank transfers or USSD.

How to Use Yellow Card:

Download the app or visit YellowCard.io.
Create an account and verify with BVN or ID.
Fund your wallet via bank transfer or cash deposit agents.
Select the crypto (BTC, USDT, ETH) and buy instantly.
To sell, input the amount and receive funds in your bank account.

5. Luno

Overview:
Luno is a global crypto exchange that has been active in Nigeria and Africa for years. It is beginner-friendly and supports Naira deposits, withdrawals, and direct crypto purchases.

How to Use Luno in Nigeria:

Download the Luno app or visit Luno.com.
Register and verify your identity with a valid ID.
Deposit money via bank transfer or Paystack.
Choose from BTC, ETH, LTC, XRP, or USDC and buy instantly.
You can sell or withdraw back to your bank account at any time.

In Personal Finance & Investments

Step-by-Step Guide on How to Buy Shares in Dangote Group

June 23, 2025 No Comments

The Dangote Group is one of Africa’s largest industrial conglomerates, with investments spanning cement, sugar, salt, oil, and more. Founded by Aliko Dangote—Africa’s richest man—the group is widely respected and often seen as a safe bet by Nigerian investors looking to grow their wealth.

But here’s an important point: the Dangote Group itself is not publicly listed, but has 3 companies/subsidiaries listed on the Nigerian Exchange (NGX). So you can choose to invest in any or all of them. If you are looking for how to buy shares in dangote group companies this article will guide you.

What You Can Actually Invest In

Since the Dangote Group is private, retail investors can only access its listed subsidiaries. The most prominent ones include:

Dangote Cement Plc (DANGCEM) – Africa’s largest cement producer and one of the most capitalized companies on the NGX.
Dangote Sugar Refinery Plc (DANGSUGAR) – A major player in the Nigerian food and beverage industry.
NASCON Allied Industries Plc – Manufactures salt and other seasoning products.

These companies are listed on the Nigerian Exchange and pay dividends regularly, making them attractive for both beginner and seasoned investors.

What You Need to Get Started

To buy shares in these companies, here’s what you’ll need:

A valid form of ID (NIN, passport, etc.)
Your Bank Verification Number (BVN)
A Nigerian bank account
A CSCS account (Central Securities Clearing System) – for holding your shares
A trading account with a licensed stockbroker or investment platform

Step-by-Step Guide on How to Buy Shares in Dangote Group Companies

Step 1: Choose a Stockbroker or Investment App

Pick a registered broker or online platform. Some popular options include:

Meristem, ARM Securities, CSL Stockbrokers etc (traditional brokers)
Chaka, Trove, or Bamboo (digital apps)

Look for a platform with low fees, a user-friendly interface, and solid customer support. You can find a list of top stockbrokers in the Nigeria stock exchange.

Step 2: Open a Trading and CSCS Account

Once you choose a broker, you’ll be asked to submit KYC documents, including your ID and BVN. Your CSCS account is either created for you or linked during this process.

Step 3: Fund Your Trading Account

Use bank transfer, debit card, or other supported methods to fund your account. Some platforms allow you to start investing with as little as ₦5,000.

Step 4: Search and Place Your Buy Order

Search for:

“DANGCEM” for Dangote Cement
“DANGSUGAR” for Dangote Sugar
“NASCON” for NASCON Allied Industries

You can choose a market order (buy at current price) or a limit order (set your preferred price). Confirm and place your order.

Step 5: Monitor and Manage Your Investment

Once shares are purchased, you can track them on your broker’s dashboard or request a CSCS statement. You’ll also receive dividend payments if and when declared by the company.

Tips for First-Time Investors

Start small: Test the waters before committing large capital.
Do your research: Review company financials and annual reports.
Diversify: Don’t put all your money into one stock—even if it’s a “safe” company.
Think long-term: Shares perform best over years, not weeks.

Common Mistakes to Avoid

Assuming all Dangote businesses are listed – e.g., Dangote Refinery is still privately held.
Skipping broker verification – Only use SEC-licensed platforms.
Buying on hype – Avoid emotional or trend-based decisions.
Ignoring transaction fees – Understand how your broker charges per trade.

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