Online brokerage firm, Bamboo has involved Nigerian stocks on its platform.
This was disclosed in a statement by the company on Monday pledging to ensure that retail investors in Nigeria’s capital markets have access to the fastest trade settlement times and most seamless dividend payment systems available, according to The Punch.
In his comment at the launch, the Chief Executive Officer and co-founder of Bamboo, Richmond Bassey said the NGX was offering investors an extraordinary return on investment, which allowed them to diversify their portfolio.
He said, “Among our investors, local stocks are by far the most in-demand asset class, and it’s clear why: the NGX delivers outstanding ROI and allows investors to diversify their portfolios. We’re incredibly proud to play a role in deepening African capital markets, starting with Nigeria.”
Account Officer of Central Securities Clearing System Plc, Dr. Haruna Jalo-Waziri, was quoted as saying, “As we witness the launch of Nigerian stocks on the Bamboo platform, we congratulate them on this milestone and will continue to support innovations that enhance investor experience and grow the capital market.”
The Chairman of Lambeth Capital, Tunde Lemo said that the company allowed individual investors access to the enormous potential of one of Africa’s biggest economies.
He said “We are thrilled to partner with Bamboo in bringing their innovative trading platform to Nigerian equities. By offering access to Nigerian stocks through Bamboo’s cutting-edge technology, we are empowering retail investors to tap into the immense potential of one of Africa’s largest economies.
“Together with Bamboo, we are proud to play a pivotal role in unlocking new frontiers for Nigerian investors and fostering the growth of the local capital markets.”
