Leading digital investment and brokerage company, <a href="http://www.investbamboo.com" target="_blank" rel="noopener">Bamboo Global Inc</a> (“Bamboo”), has finally introduced Nigerian stocks on its platform. This was disclosed in a press release made available to Technext by the company. 
According to the release, the brokerage company will now be offering local stocks including stocks from Nigerian blue-chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement.&nbsp;The company would be partnering with stockbroking companies like Central Securities Clearing System Plc (CSCS) and Lambeth Capital who will both be offering access to their stocks on the Bamboo platform. 
This development is coming more than a year after the company obtained a digital sub-broker license from Nigeria’s Securities and Exchange Commission (SEC) back in March 2023. With the introduction of Nigerian stocks, Bamboo says it is ensuring that retail investors will see the fastest trade settlement timelines and the most seamless dividend payment system available in the Nigerian capital markets. 
See also: <a href="https://technext24.com/2023/02/09/bamboo-sub-broker-license-sec/#google_vignette">Bamboo granted digital sub-broker license by Nigerian SEC</a> 
Speaking about the new introduction and partnerships, Bamboo CEO and Co-Founder, Richmond Bassey noted that local stocks are by far the most in-demand asset class and this fueled the decision to finally play in that space. 
<blockquote class="wp-block-quote"> 
 “We’re thrilled to finally launch Nigerian stocks on the Bamboo platform. 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. Not only do Nigerian investors understand local stocks better since they use these products and services daily, but they are more affordable and accessible. We’re incredibly proud to play a role in deepening African capital markets, starting with Nigeria. 
</blockquote> 
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 <img loading="lazy" decoding="async" width="800" height="446" src="https://technext24.com/wp-content/uploads/2024/05/Bamboo-NG-Stocks.jpg" alt="Bamboo finally introduces Nigerian stocks on its platform 14 months after obtaining SEC approval" class="wp-image-231374">
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<h4 id="bamboo-is-attracting-young-africans-to-nigerian-stocks" class="wp-block-heading">Bamboo is attracting young Africans to Nigerian stocks</h4> 
In 2023, the Nigerian Exchange Group (NGX) grew by 45.9 per cent to outpace inflation and outperform the US stock market. In January 2024, the NGX was the world’s best-performing stock exchange, having returned 31 per cent Year-till-date (YTD). With the introduction of Nigerian stocks on its platform, Bamboo says it is looking to attract a new type of retail investor. 
Noting that presently, most of the active Nigerian Stock Exchange accounts are owned by people who are more than 50 years old, the company said the new type of investor that it is targeting is digitally savvy and expects a seamless user experience in buying Nigerian stocks as they did with the U.S. stocks it has always offered. 
With that, the younger retail investors will now be able to benefit from the Nigerian exchange’s unbeatable financial returns while diversifying their portfolios from USD-denominated assets. 
Speaking about the development, the Chairman of Lambeth Capital, Mr Tunde Lemo, OFR, pointed out that the partnership will empower investors to partake in the massive success of the NGX. 
“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,” he said. 
On his part, the Chief Executive Officer of Central Securities Clearing System Plc (CSCS), Dr. Haruna Jalo-Waziri said “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.” 
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 <img loading="lazy" decoding="async" width="758" height="355" src="https://technext24.com/wp-content/uploads/2021/09/Bamboo.jpg" alt="Bamboo" class="wp-image-124016" srcset="https://technext24.com/wp-content/uploads/2021/09/Bamboo.jpg 758w, https://technext24.com/wp-content/uploads/2021/09/Bamboo-300x141.jpg 300w, https://technext24.com/wp-content/uploads/2021/09/Bamboo-640x300.jpg 640w, https://technext24.com/wp-content/uploads/2021/09/Bamboo-380x178.jpg 380w, https://technext24.com/wp-content/uploads/2021/09/Bamboo-550x258.jpg 550w, https://technext24.com/wp-content/uploads/2021/09/Bamboo-600x281.jpg 600w" sizes="(max-width: 758px) 100vw, 758px">
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With a mission to make investing in all types of asset classes easy for Nigerians, the Bamboo app has unique tools that help users pick stocks and exchange-traded funds (ETFs) to meet their investment goals: 
There is a stock page with real-time price alerts, a stock comparison page, price movement notifications, a watchlist tracking stock performance, and seamless dividend settlements. 
The company is also offering a wide range of premium investing content and education tools tailored to users new to investing in U.S. stocks which represents nearly 75 per cent of its user base. They include Stock Market Course which is an easy-to-understand 19-episode video series that gives the basics on investing in U.S. equities. 
Others are the Bamboo Bootcamp touted as the biggest investment event in West Africa with over 14,000 registered attendees, Bamboo newsletter and webinars, Free premium content at Motley Fool and mywallst.com.

Bamboo finally introduces Nigerian stocks on its platform 14 months after obtaining SEC approval

Technext.ng

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