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Account Opening
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Account Opening

SIGNING UP ON OUR WEBSITE
Register on our website: http://ww.nigeriastockbrokersltd.com/ or
Go to http://www.sterlingbankng.com/
click on subsidiaries, and click Nigerian Stockbrokers Limited.

Access to
• Online account
• Executed transactions on the account
• Monthly CSCS statement
• Brokage fee
• Daily closing stock prices
• Research on market opportunities
• Update on the mandates placed
• Investment advice
• Stock market news
• NSL stock analysis
• NSL stock rating
• Corporate announcement
• Email and telephone to any branch of sterling bank.

TYPES OF ACCOUNT AND MINIMUM REQUIREMENT

TYPE OF ACCOUNT MINIMUM AMOUNT

General Account =N= 250,000.00
Nominee Account (Individual / Corporate) =N=5,000,000.00(Download Nominee Leaflet)
Group Investment Scheme =N=5,000,000.00(Download Scheme Leaflet)

HOW TO OPEN A STOCKBROKING ACCOUNT

STEP 1. Download and complete any Investment Account Opening Form Corporate or Individual Investment Account Opening Form

STEP 2. Submit:
Photocopy of Passport or Drivers License
Passport Photograph
Proof of Address (e.g. copy of a recent utility bill)
STEP 3. Effect payment via cheque or a transfer of shares or a combination of both.

The following account will be opened on your behalf:
• A share purchase / Sale Account with NSL for all transactions
• A Shareholding Account with Central Securities Clearing System Limited
• A Dividend Account will be opened for you if you elect to be a Nominee client.

Once your Share Purchase / Sale accounts have been opened, you will be given online access to
your account and your username and password will be communicated to you. You will be able to:

1. View your account statement and transactions executed on your account.
2. Place Purchase and Sale Mandates through your online account and notifications on the
status of mandates placed will be sent to you via email.
3. A trade notification email will be sent to you and the Contract Notes for
the trades can be viewed via your online account.
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