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SIGMA CAPITAL MARKET VIEWPOINTS

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SIGMA AGENCY MANAGER

Want to be your own Boss and start trading real time online? Coming soon! Sigma Agency Manager, a robust Agency platform that enables Brokers, etc execute capital market activities online/real time

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Why Choose Us

Our Services are always tailored to personally meet the needs and desires of all Clients and to even exceed their expectations.

  • State-of-the-art technology
  • Competent and well-motivated staff
  • Foreign Partnership

What is Direct Cash Settlement?

The Direct Cash Settlement Policy facilitates the immediate crediting of an investor’s bank account with the net proceeds of the stock market transaction through the Central Securities Clearing System (CSCS). In other words, when an investor offers some shares for sale, the proceeds from the sale would immediately be paid into the investors bank account directly.

What is Dematerialization?

Dematerialization is the process of converting physical shares or bonds into electronic format. An investor who wants to dematerialize his shares needs to open a Demat account in the Central Securities Clearing System (CSCS) through a stockbroker of his choice. In return, he gets electronic shares in his demat account. <<Click to download the Demat Form>>

COMPLAINTS MANAGEMENT POLICY

OVERVIEW

At Sigma Securities Limited we strive to personally and professionally demonstrate certain values in our actions. We are disciplined and reliable and engender trust and integrity. We appreciate that on occasions customers may not be satisfied with the service they receive from us and we recognize the right of any person to make complaint. We are committed at all levels of the organization to their efficient, impartial and courteous resolution.

THE COMPLAINT HANDLING PROCESS

  1. Complaints may be made in person, by phone, email or in writing. The client service units will receive the complaints and forward them to the Head, Customer Service. All complaints should be duly logged into the complaints register for tracking.
  2. The Head, Customer Service will forward such complaints to the Managing Director for assessment. The MD will then forward such complaints to the designated personnel for resolution. (This process should be completed within 24hrs of receiving the complaints)
  3. After a thorough investigation has been conducted, the designated personnel analyses the complaints and put in place a mechanism for prompt resolution. The compliance officer should be notified of the status of the complaints.
  4. Proposed resolutions are forwarded to the Head, Customer Service within 48hrs with appropriate approvals put in place.
  5. A detailed resolution must be forwarded to the client immediately the complaint is resolved and where more time is required, the client must be notified, stating the reasons for the extension.
  6. The designated client service representative must ensure that the complaints and their resolution and related correspondences are filed in a customer complaints file and a copy retained in the respective customer’s file.
  7. On a periodic basis, the designated personnel or the compliance officer should undertake a root cause analysis of the complaints to determine resolutions for recurring issues.
  8. Where customer complaints have been received by the regulators and forwarded to the company for resolution, the compliance officer shall acknowledge receipt of the complaint in writing. On resolution of the complaint, a copy of the response shall be forwarded to the regulators by the compliance officer.

The complaint register should be reviewed by the MD on a daily basis and must detail the following:

  • Date of complaint
  • Name of complaint
  • Form/Nature of complaints
  • Expected Resolution date
  • Details of review officer (name and department) as assigned by the MD
  • Concerned units
  • Actual date of resolution
  • Complaint status whether active or close

Where customers are dissatisfied with the resolution of a complaint, they have the right to pursue such complaint until it is resolved to their satisfaction. Such case will then be re-opened and efforts will be put in place to resolve it satisfactorily.

The objective of the complaints handling process involves the following:

  • Manage complaints objectively and deal with them fairly, respectfully, consistently and without actual or perceived conflicting interests.
  • Take all reasonable steps to ensure that a complainant is not adversely affected.
  • Protect the rights of officers where they are the subject of a complaint.
  • Deal with complaints confidentially to the extent possible.
  • Ensure that all available information/evidence has been collected from both sides.

If you require additional information please contact us on frontdesk@sigmasecurities.com.ng or call us on 08163343578, 09083606969

s-TRADER SLA

Sigma Securities Ltd Online Customer Access

Terms & Conditions

Disclaimer

“Carefully consider your investment objectives, the risks, charges and expenses involved in Investing in the Nigerian stock market. It’s important to note that the same way profits can be made in the market, losses can also be made as well. This therefore implies that a good knowledge of the market is required before actively investing in the stock market. Kindly check through the resources available online and possibly the help resources on Sigma Securities website which will educate you on how to trade profitably in the stock market”.
Market volatility, trading volumes, system performance and other factors may delay system access and response times. Execution price, speed and liquidity are affected by many factors, including market volatility, size and type of order.

Introduction

  1. Please read these Terms and conditions carefully. You are required to read and understand them before proceeding on this website or this product. If you do not accept these terms, please do not use this website or the services provided by us as described on this website.

The following terms and conditions shall govern the SIGMA Online Portal Access Service.

Definitions

“Customer/Client” means a customer of SIGMA Securities who has or operates an account with the company and is registered with the company.

“The Company” means SIGMA Securities Limited

“Service” means the SIGMA Online Customer access Portal service

“User code and Password” means the enabling code with which you access the system and which is known to you only.

“Account” means a stock broking account

“Mailing Address” means the customer’s mailing address in the company’s records.

“Email Address” means the customer’s email address in the company’s record

“User Name” means clients account login code usually in 4 digits to perform certain functions in the system

“Password” means clients account login password known solely by the client as part of the requirement to access the online platform.

“Instruction” means the customer’s request to the company for the services.

  1. This service allows the Customer to:
  2. a) Obtain information regarding customer’s balances (cash and stock) as at the last date of business with the company.
  3. b) Obtain information with regards to any instrument in clearing or any credit standing in the customer’s account as at the last date of transaction on the customer’s account.
  4. c) Give instructions on stock transactions (purchase / sale)
  5. d) Monitor execution of instructions
  6. e) View market information and analysis
  7. On receipt of the Customer’s instructions, The Company will endeavour to carry out the customer’s instructions promptly, except all or any unforeseen circumstances such as Act of God, Force Majeure, technology challenges and other causes beyond the company’s control.
  8. Before the Online Access can be granted to customer, he/she must have: the following:
  9. An account with The Company
  10. Signed the Online Access “Terms and Agreement”

iii. An electronic device with internet access

  1. An E-mail address
  2. The Customer is prohibited from disclosing his/her details or allow access to any other person.
  3. The Customer understands that his/her account code / User ID / Password / E- mail are used to give and receive instructions to and from The Company and accordingly.
  4. Customer’s responsibility:
  5. a) The customer undertakes to be absolutely responsible for safeguarding his user code, password, Security Pin and email access and under no circumstance shall the customer disclose any or all of these to any person.
  6. b) The customer undertakes that he/she shall ensure the secrecy of his user code, password, and security Pin by not reproducing same in any manner whatsoever either in writing or otherwise capable of making it known to persons other than the customer.
  7. c) The customer expressly exempts The Company from any liability arising from any unauthorized access to the customer’s account and/or data as contained in the company’s records via the service, which arises as a result of inability and/or otherwise of the customer to safeguard his user code and password and/or failure to log out of the system completely by allowing on screen display of his account information.
  8. d) The customer further exempts SIGMA from any liability as regards breach of duty of secrecy arising out of customer’s inability to diligently observe and implement the provisions of clauses 6, and/or instances of breach of such duty by hackers and other unauthorized access to the customer’s account via the service.
  9. e) The customer shall be responsible for changing his/her password on the service regularly and observe due care in the management of the password.
  10. f) The customer shall be responsible for the security of his/her email account as this is vital for communication with the service
  11. g) The customers shall be responsible for any fraud, loss and/or liability to the company or third party arising from usage of the customer’s user ID and password being used by a third party and other unauthorized access. Accordingly the company shall not be responsible for any fraud that arises from usage of the customer’s User ID and/or password.
  12. Under no circumstances shall The Company be liable for any damages, including without limitation direct or indirect, special, incidental or consequential damages, losses or expenses arising in connection with this service or use thereof or inability to use by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation, transmission, computer virus or line or system failure, even if the company or its representatives thereof are advised of the possibility of such damages, losses or hyperlink to other internet resources are at the customers risk.
  13. Copyright in the pages and in the screens displaying the pages, and in the information and material therein and arrangements are owned by the company and the rights providers and should not be disseminated in any form electronic or print. Only customer related information should be printed for personal use only
  14. The Company shall not be responsible for any electronic virus or viruses that the customer may encounter in the course of making use of this service.
  15. Customer’s right to use the service is personal therefore customer agrees not to assign or make any commercial use of the service. Customer agrees that documents printed on this service cannot serve as official document unless authenticated by The Company.
  16. The customer expressly understands and agrees that use of the service is at his/her sole risk. The service is provided on an “as is” and “as available” basis. The Company expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non- infringement.
  17. Specifically The company makes no warranty that (i) the service will meet customers’ requirements (ii) the service will be uninterrupted, timely, secure, or error-free    (iii) the results that may be obtained from the use of the service will be accurate or reliable    (iv) the quality of any products, services, information or other material obtained by the customer through the service will meet Customer’s expectations, and    (v)  any errors in the technology will be corrected.
  18. Any material downloaded or otherwise obtained through the use of the service is done at customer’ own discretion and risk and The Company is not responsible for any damage to customer’s computer system or loss of data that results from the download of any such material. No advice or information, whether oral or written, obtained by customer from us or through or from the service will create any warranty not expressly stated in these terms.
  19. The customer agrees that The Company shall not be liable for any damages, whether direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to damages for loss of profits, goodwill, use or other intangible losses, even if we have been advised of the possibility of such damages, resulting from:
  20. the use or the inability to use the service
  21. the cost of getting substitute goods and service resulting from any products, data, information or services purchased or obtained or messages received or transactions entered into through or from the service;
  22. Unauthorized access to or alteration or transmission of data;
  23. statements or conduct of anyone on the service; or
  24. any other matter relating to the service.

 

  1. Indemnification. Except where caused by The Company’s intentional misconduct or gross negligence, the customer agree to protect and fully compensate The Company and its affiliates and service providers from any/and all third party claims, liability, damages, expenses and costs (including, but not limited to, legal fees) caused by or arising from customer’s use of the service, violation of the terms or infringement, or infringement by any other user of customer’s account, of any intellectual property or other right of anyone.
  2. Service changes and discontinuation. The company reserve the right to change or discontinue, temporarily or permanently, the service at any time without notice. In order to maintain the security and integrity of the service the company may also suspend customer’s access to the service at any time without notice. Customer agrees that the company will not be liable to the customer or any third party for any modification or discontinuation of the service.
  3. Others. The Company is not an agent or other legal representative of the customer for any purpose by reason of this Agreement and/or any other party whom the customer is using this service to pay.  This Agreement is personal to the customer and the customer may not assign it to anyone. All notice to the customer shall be in writing via the address the customer has provided to the company or via the customers registered email address, all notices to the company must be made in writing and sent to The Company’s address.    The Company and the customer shall be an independent contractor, and nothing contained in this agreement shall be deemed to create any association, partnership, joint venture, or relationship of principal, agent or master and servant, employer or employee between parties.     If any of these terms is held to be unenforceable, then such provision shall be construed, as nearly as possible, to reflect the intentions of the parties with other provision remaining in full force and effect.

The laws of the Federal Republic of Nigeria shall apply to this agreement     I/We agree that the above terms and conditions shall govern my/our online access relationship with the company as far as the service is concerned.

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PRIVACY POLICY

PRIVACY POLICY

Introduction
This Privacy Policy sets out how the Sigma Securities Limited uses and protects any information that you give the SIGMA SECURITIES LIMITED when you use this website. The SIGMA SECURITIES LIMITED is committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website; you can be assured that it will only be used in accordance with this Privacy Policy. The SIGMA SECURITIES LIMITED’s Privacy Policy, is expressly incorporated by reference into the Terms of Use which explains the data processing practices of the SIGMA SECURITIES LIMITED in so far as it relates to the Website.

Applicable Law
This Website is created, hosted, maintained and controlled in the Federal Republic of Nigeria and as such you agree that the laws of the Federal Republic of Nigeria and the jurisdiction of the Nigerian courts govern the Privacy Policy, any disclaimers, copyright and use statements contained in the Website, and any legal matter resulting from the use or inability to use this Website, without giving effect to any principle of conflict of laws. Notwithstanding the foregoing, the SIGMA SECURITIES LIMITED may seek recourse in any jurisdiction worldwide in order to restrain the unlawful use of any of the material contained in the Website.

What Information does the SIGMA SECURITIES LIMITED Collect?
Information collected when you browse the Website: the SIGMA SECURITIES LIMITED will not collect any personal information about you from your browsing of the Website unless you agree to collection and use of your personal data. The personal information we collect may be captured from a variety of sources. These sources include, but are not limited to voluntary submissions and review of site usage patterns.
Information collected when you become a client of the SIGMA SECURITIES LIMITED: when you enter into a contract, agreement with us for our services or products, you may be asked to submit personal information about yourself or company in order to receive or use these services or products. This information may include: your name, address, job title, telephone number, email address and financial information necessary to conclude the contract and enable administration and management of such services or products. The SIGMA SECURITIES LIMITED will only collect information that is necessary for the provision of the product or service that you have subscribed to. The type of information collected will depend on the nature of the product or service demanded.

How the SIGMA SECURITIES LIMITED uses Information it Collects
Where personal information is collected, it will be used in administration and tailored to our service and/or products to match your needs. We may also use personal information to conduct market research surveys, for statistical analysis to determine site usage, to run competitions and for direct marketing purposes relating to our business. The services of third party may be employed to help us in certain areas, such as website hosting, marketing and market researching. In some cases that third party may receive your information. However, at all times we will endeavor to keep control and be responsible for the use of your information. By providing the SIGMA SECURITIES LIMITED with your personal information, you consent to our transferring of your information to countries or jurisdictions which may not provide the same level of data protection as us. If we do make such a transfer, we will, if appropriate, put a contract in place that imposes obligations on our counterparties to protect your information. Each time you provide us with personal information we aim to let you know how we intend to use it and ask you to give your consent to such use.

Security and Protection
Personal information collected will be held securely and will only be kept for as long as is reasonably necessary in the circumstances you are registered; to use the Website or, for as long as you use the service or product that you are subscribed to, unless you have provided us with your consent to use the data for any additional purposes. We take the security of the Website and the information you provide very seriously and we will take all appropriate technical measures using recognized security procedures and tools in accordance with good industry practice to protect your personal information. We have reasonable security measures in place to protect against the loss, misuse and interception by third parties of the information under our control, but, to the extent allowed by law, the SIGMA SECURITIES LIMITED assumes no liability for any damages you may suffer as a result of interception, alteration or misuse of information transmitted over the Internet. Whilst we use all reasonable endeavors to protect your security in the manner described above, we consider that it is only appropriate to advise users that data transmission over the Internet and the World Wide Web cannot be guaranteed as 100% secure, and therefore that you use the Website at your own risk.

The use of Cookies
A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyze web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences. Cookies are features included in your browser and will store small amounts of data on your computer about your visit to the Website, in particular when you complete any form on the website the user type. However a cookie does not provide us with any personal information. Therefore, if you have not supplied us with any personal information, you can still browse our site anonymously. You do not need to have cookies turned on to visit most of the Website. Cookies on the Website are not used to capture or store personal data from browsers to the site, other than to log your IP address and session information such as the duration of the visit to our site and the nature of the browser used. This information is used only for administration of the site system and in the compilation of statistics used by the SIGMA SECURITIES LIMITED. Cookies may be required to allow you to access and participate in certain areas of the Website. Once you have closed your browser, this type of cookie is deactivated. The majority of browsers will allow you to alter the settings used for cookies and to disable and enable them as you require. If you do not want cookies and for further general information on cookies you may wish to visit http://www.allaboutcookies.org.

Controlling your Personal Information
whenever you are asked to fill a form on the Website, you may choose to look for the box that you can click to indicate that you do not want the information to be used by anybody for direct marketing purposes. We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law to do so. If you have previously agreed to us using your personal information for direct marketing purposes, you may change your mind at any time by writing to or emailing us at frontdesk@sigmasecurities.com.ng Please note that it may take some time for us to update our records to ensure your new choices are respected.

Changes to the Policy and the Website To the extent allowed by law, the SIGMA SECURITIES LIMITED may update this Privacy Policy from time to time and you are responsible for periodically reviewing the most current version on the Website. To the extent allowed by law, your continued use of the Website will be deemed your conclusive acceptance of the updated Privacy Policy. The SIGMA SECURITIES LIMITED reserves the right to change or delete any information, features or content of the pages of the Website at any time and without notice. Information, features or content for which you have paid for or subscribed to and are required to pay any consideration, the SIGMA SECURITIES LIMITED will use its reasonable endeavors to exercise this right on notice to you.

Links
The SIGMA SECURITIES LIMITED website may contain links to other websites of interest; however, once you have used these links to leave the SIGMA SECURITIES LIMITED site, you should note that the SIGMA SECURITIES LIMITED does not have any control over the other website. The SIGMA SECURITIES LIMITED does not endorse these sites, its sponsors or any of the policies, activities, products or services offered on these sites or by any advertiser on these sites. Therefore, the SIGMA SECURITIES LIMITED cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. This Privacy Policy applies only to information collected by this Website. Please be aware that the SIGMA SECURITIES LIMITED is not responsible for the privacy policies of other sites and as such, the SIGMA SECURITIES LIMITED would advise you to read the privacy statement of any website that collects personal information from you.

This Privacy Policy was last updated on June 15, 2015 DISCLAIMER

Research Reports
The information in the Research Reports are derived from sources deemed reliable, but The Sigma Securities Limitedurities and Funds does not guarantee the correctness or completeness of the Research Reports, its statistics or other information furnished in connection with the Research Reports.

The Sigma Securities Limitedurities and Funds makes no warranty, express or implied, as to results to be obtained by acting with reliance upon the Research Reports. The Sigma Securities Limitedurities and Funds makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose with respect to the Research Reports or any data or values included therein or in connection therewith.

The Sigma Securities Limitedurities and Funds and its employees, agents, suppliers and vendors shall have no liability or responsibility, contingent or otherwise, for any loss or damages, whether caused by any such party’s negligence or otherwise, arising in connection with the Research Reports or any data or values included therein or in connection therewith and shall not be liable for any lost profits, losses, punitive, incidental or damages. The SIGMA SECURITIES LIMITED and employees, subcontractors, agents, suppliers and vendors shall not be responsible for or have any liability for any injuries or damages caused by errors, inaccuracies, omissions or any other failure in, or delays or interruptions in the downloading of, the Research Reports or any data or values included therein or in connection therewith, from whatever cause.

The Sigma Securities Limited and Funds and its affiliates and employees, agents, suppliers and vendors are not responsible for the selection of or use of the Research Reports or any data or values included therein or in connection therewith, the accuracy and adequacy of the Research Reports or any data or values included therein or in connection therewith or information used by any Report Provider and the resultant output thereof.

TERMS OF USE

Introduction
Welcome to the Sigma Securities Limited, the website is owned and operated by The Sigma Sec (SIGMA SECURITIES LIMITED), a company limited by guarantee incorporated under the laws of the Federal Republic of Nigeria (RC No. 165189) having its registered office at 29 Marina (Church House) 3rd Floor, Lagos hereinafter referred to as “The SIGMA SECURITIES LIMITED” (which expression shall where the context so admits, include its, successors–in-title and assigns). By using this website, you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy govern the SIGMA SECURITIES LIMITED’s relationship with you in relation to this website.

Content
The content of the pages of this website is intended to provide general information regarding the SIGMA SECURITIES LIMITED and its products and services and is not intended to; provide investment or other professional advice. This content is subject to change at any time without notice. Professional advisors should be contacted before making any decisions that may affect your personal finances or business. The SIGMA SECURITIES LIMITED tries to ensure Information provided on this website is accurate; however Information is provided as is and when available and may not be accurate or up to date. The SIGMA SECURITIES LIMITED cannot guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the Website or any of the Information. No responsibility is accepted by or on behalf of the SIGMA SECURITIES LIMITED for any errors, omissions, or inaccurate Information on the Website.

The mechanism of composition contained in this Website, including but not limited to, text, data, graphics, photographs, illustrations, artwork, names, logos, trademarks, service marks and the information contained in the Website regarding or connected to the SIGMA SECURITIES LIMITED and in respect of the activities of and on the SIGMA SECURITIES LIMITED, whether registered or unregistered, are the intellectual property of the SIGMA SECURITIES LIMITED. The SIGMA SECURITIES LIMITED reserves the right to take legal action in respect of any reproduction, copying, distribution, framing, uploading to a third party, publication, adaptation, broadcast, public performance or other use or communication to the public of the information contained on the Website without the prior written consent of the SIGMA SECURITIES LIMITED. You are not permitted to use any of the trademarks displayed on the Website without the prior written consent of the SIGMA SECURITIES LIMITED or the third party that owns the trademark

Restrictions on use
Copies of reports or any kind of information may be printed for your personal consumption. The reproduction, redistribution, alteration and transmission of any material or information contained in the Website are strictly prohibited. You must not use the material for commercial purposes without first obtaining the necessary authorization from the SIGMA SECURITIES LIMITED. You may not remove any copyright, trademark or other intellectual property right notice contained in the material.

Materials from the website should not be used in any manner or for any purpose which is unlawful or in any manner which violates any rights of the SIGMA SECURITIES LIMITED. To the extent allowed by law, you hereby indemnify the SIGMA SECURITIES LIMITED against any and all claims arising from the use by you of any material from the website that you have accessed as a result of your reproduction, redistribution, alteration or transmission of that material in contravention of these Terms of use. Under the above wording you indemnify the SIGMA SECURITIES LIMITED against certain claims you and third parties who access the material through you, and this places various risks, liabilities, obligations and legal responsibilities on you.

Liability
The SIGMA SECURITIES LIMITED does not guarantee that the Website will be uninterrupted or error free or that any defects will be corrected. To the extent permitted by applicable law, the SIGMA SECURITIES LIMITED expressly disclaims all liability howsoever arising under any law including tort (or deceit) or otherwise (including, but not limited to, liability for any negligent act or omissions) to any person in respect of any claims or losses of any nature, arising directly or indirectly from: (i) anything done or the consent of anything done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents of this Website; and (ii) the use of any data or materials on this Website or unauthorized access to this Website or otherwise. The SIGMA SECURITIES LIMITED will not be responsible for any breach of these Terms caused by circumstances beyond its reasonable control. The Sigma Securities Limited shall further not be responsible for any occurrences that are beyond its reasonable control.

Registration and cancellation
Some areas of the Website may not be freely accessible; hence you may be required to complete a registration form in order to access certain areas of the Website. It may be as a result of applicable fees payable to obtain access to those restricted areas, and if not, the SIGMA SECURITIES LIMITED reserves the right to introduce a charge for such access at any time. If such a charge is introduced, the SIGMA SECURITIES LIMITED may deny access to the Restricted Areas if you do not comply and make the relevant payments, any further registration requirements that the SIGMA SECURITIES LIMITED may, in their discretion, decide to introduce from time to time. The SIGMA SECURITIES LIMITED at its discretion may from time to time introduce any further registration requirements.

When you register for access to the Restricted Areas, you may be asked to provide certain details. The SIGMA SECURITIES LIMITED will only use the Data in accordance with the Privacy Policy. The Website may use cookies to verify the identity of users who have registered to access the Restricted Areas. For further information on this use of cookies, please see the Privacy Policy.

The SIGMA SECURITIES LIMITED reserves the right to terminate your registration to the Restricted Areas and to restrict your access to the Website without notice at any time, provided that, to the extent that the exercise of such right affects your ability to receive or access any information, features or contents for which you have paid or are required to pay any consideration, the SIGMA SECURITIES LIMITED will use its reasonable endeavors to exercise such right on notice to you.

Disclaimer
All information provided by the Sigma Securities Limitedurities and Funds (SIGMA SECURITIES LIMITED) is the property of the SIGMA SECURITIES LIMITED. The information may not be reproduced, modified, transmitted or redistributed without prior written consent from the SIGMA SECURITIES LIMITED. This disclaimer applies to both individual use of the data and the aggregate use of the data. The SIGMA SECURITIES LIMITED shall not be held liable for improper or incorrect use of data contained herein.

The SIGMA SECURITIES LIMITED will endeavour to ensure the accuracy and reliability of the Website content, materials and products included and available; however due to the possibility of human and mechanical error including other factors, to the extent allowed by law, the SIGMA SECURITIES LIMITED does not, whether expressly, tacitly or implicitly, represent, warrant or in any other way guarantee the availability, truth, accuracy, completeness or reliability of such information or that it is always up to date or that your access to the Website will be uninterrupted or error-free.

Links to and from the website
You may not frame, link or deep-link this Website to any other website without our prior written consent. Should you wish to frame or to set up a link / deep-link to our Website please contact the SIGMA SECURITIES LIMITED on frontdesk@sigmasecurities.com.ng The SIGMA SECURITIES LIMITED Website may contain links to third party websites. These linked websites are not under the control of the SIGMA SECURITIES LIMITED and, to the extent allowed by law, the SIGMA SECURITIES LIMITED accepts no responsibility for or liability arising from access to, or the information provided on, any website which is linked from the Website, or any hyperlink contained in a linked website. To the extent allowed by law, you link to any such website entirely at your own risk and liability and the SIGMA SECURITIES LIMITED recommends that you read the privacy policy and any other legal information contained on any third party website to which you link. The fact that the Website contains a link to or from a third party website does not necessarily imply that there is any affiliation between the SIGMA SECURITIES LIMITED and the third party website, or that the SIGMA SECURITIES LIMITED or its officers or employees endorse the third party website. The linking website may not in any way imply that the SIGMA SECURITIES LIMITED or any of its officers or employees recommend or endorse any of the linked site products or services. The SIGMA SECURITIES LIMITED reserves the right to withdraw any permission granted, whether tacitly, verbally or in writing, to link to the SIGMA SECURITIES LIMITED Website, at any time if it is deemed by the SIGMA SECURITIES LIMITED to be in the best interest of the SIGMA SECURITIES LIMITED.

Third party advertising
The SIGMA SECURITIES LIMITED allows third parties to place advertisements on our Website. Third party advertisements are clearly labelled as such and may be chargeable. The SIGMA SECURITIES LIMITED does not endorse and is not responsible for the content of any third party advertisement on this Website or otherwise.

System Viruses
Whilst the SIGMA SECURITIES LIMITED uses reasonable endeavours to protect this Website from computer viruses, worms, and Trojan Horses, we do not warrant that the Website is free from such Viruses and accept no liability for any damage that may result from the transmission of any Viruses via this Website or via any files which are available for you to download from the Website.

Changes and Operation of the Website
The SIGMA SECURITIES LIMITED reserves the right, at its discretion, to make changes to any part of the Website, suspend or terminate the operation of the Website at any time for the purposes of support and maintenance or to update the information contained on the Website and the Information or these Terms. Should these Terms be amended, the SIGMA SECURITIES LIMITED will publish details of the amendments on the Website. By continuing to use the Website you agree to be bound by these Terms as amended.

FREQUENTLY ASKED QUESTIONS

STOCKBROKING IN NIGERIA | A STOCK BROKER IN LAGOS GIVES ANSWERS TO FREQUENTLY ASKED QUESTIONS

What is the actual cost of buying and selling shares through stockbroking firms in Nigeria?

The cost of buy or sale of shares on the Nigerian Stock exchange through Stock Brokers in Nigeria range between 1.49% and 1.86% for buy mandates and between 1.82% to 2.19% for sales of shares

How can I open a stockbroking account with Sigma Securities Limited?

  1. You need to complete a Central Securities Clearing System Limited (CSCS) Account Opening Form. The CSCS administers the Financial Market Infrastructure (FMI) for the Nigerian Capital Market. The institution ensures the transfer of shares and other forms of securities from seller to buyer and its settlement (the payment).
  1. You need to fill the Sigma stock broking account opening form. This is done to obtain necessary Know Your Customer (KYC) information about the client. The form is submitted with necessary documentations, which will be advised on the form.

When can i begin to buy and sell shares on the Nigerian Stock Exchange?

Once the stockbroking account has been opened and all necessary Know Your Customer (KYC) documentations have been submitted. The client can fund their trading account by transferring funds into Sigma Securities Limited’s bank account.

What does owning the shares or stock of a company mean?

Think of your stocks as interest in a company that you own, rather than just simple financial elements to be traded. Stocks are much more than a piece of paper for selling and buying. When you own some, you become a member of the collective ownership of that specific company you invested in. You are granted a right to earnings and a claim on assets by virtue of owning a company’s stock. You may even have a voice in determining the company’s leadership and policies if your stock includes voting options.

Should I invest into more than one company shares?

Be sure you invest over an array of different stocks. Investing in a single type of stock is very dangerous. For example, if you’ve only invested in one stock and it fails, you’ll lose everything.

Which company shares should I buy into?

Having patience, while being familiar with each company and tracking market trends are beneficial to helping you succeed in the market. Your main goal should obviously be to profit, and profiting means learning the ins and outs of the marketplace. You could be earning profits from wise stock market investments sooner than you think.

Do a thorough research into the companies and look over financial statements in order to better understand the weaknesses and strengths of each company’s stocks. By doing this, you can carefully consider whether you need to own certain stocks.

How can I become a successful investor in the Nigerian Stock market?

To establish yourself as a successful stock investor, create a solid plan with specific details and map it out in writing. Whether you are investing in the Nigerian stock exchange through stock brokers in Lagos or a stock brokers in Abuja, the strategies in your plan should be about when you will buy and when you will sell. It must also include a clearly defined budget for your securities. This way you will know that you are spending only the money you have allotted for investing and choosing wisely with your intellect and not your emotions.

Can I buy the shares of the company I work for?

Use restraint when purchasing the stock of the company you work for. While purchasing company stock might be prideful, there is a lot of risk involved. Although, if employee shares can be purchased at discount, it might be a good bargain and worth purchasing.

Advice for a new investor in the Stock market

Keep stock investment plans simple when you are beginning. It can be fun and exciting to pick a buffet platter of stocks but as a beginner, you need to start off small. This ends up saving you a whole lot of money in the end.

Consider seeking out the opinions of a financial adviser on occasion, even if you plan to oversee your investment yourself. A good professional won’t just give you great individual stock picks. They can help you clarify important strategic investment points, such as your overall goals, your preferred timeline, and your tolerance for risk. You can then formulate a solid plan together based on this information.

Don’t allow investing to make you oblivious to other profitable investing opportunities. Many other wise investments exist, such as bonds or mutual funds. It’s advisable to diversified investments to protect your wealth.

Anybody has the ability to invest within the stock market, but only some have the knowledge and desire to research in order to earn the highest profit. Take the time to learn more about the stock market and practice with cheap stocks before you build your portfolio. Keep these tips in mind so you can start investing today

Federal Government Savings Bond

WHAT IS FGN SAVINGS BOND?

This class of bond is issued by the federal Government of Nigeria specifically to attract retail investors (low income savers) to participate in bond trading, which generally guarantees periodic interest payments on investment as well as repayment of the principal at maturity. The FGN savings bond, will be issued before the end of the first quarter of this year, and it has a tenor of between 2-3 years, and a minimum investment size of N5,000 and maximum of N50 million.

HOW DOES IT WORKS

It is required that prospective investors should have active bank account into which quarterly interest and face value at maturity(coupon) will be credited into. Also it is required that the investors should open a CSCS account via a credible stockbroking firm. Meanwhile, the bond interest rate would be announced by DMO (Debt Management Office) on the first working day of every month or as may be determined from time to time and the bond issuance will be monthly.

 

BENEFITS TO BOND HOLDERS:

1.     FGN savings bond is liquid and it can provide liquidity to investors via trading on the bond secondary market

2.     It preserves investors capital against inflation

3.     Capital appreciation as a result of time to time interest payment on principal

4.     FGN savings bond has minimum investment size of N5,000

5.     It attracts little or no transaction cost

6.     It is risk-free, safe and default free

7.     FGN savings bond offers guaranteed returns

8.     It is transparent as activity report on account will be communicated to investors.

9.    A good opportunity for portfolio diversification

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Market Information

STOCKBROKING IN NIGERIA | A STOCK BROKER IN LAGOS GIVES ANSWERS TO FREQUENTLY ASKED QUESTIONS

What is the actual cost of buying and selling shares through stockbroking firms in Nigeria?

The cost of buy or sale of shares on the Nigerian Stock exchange through Stock Brokers in Nigeria range between 1.49% and 1.86% for buy mandates and between 1.82% to 2.19% for sales of shares

How can I open a stockbroking account with Sigma Securities Limited?

  1. You need to complete a Central Securities Clearing System Limited (CSCS) Account Opening Form. The CSCS administers the Financial Market Infrastructure (FMI) for the Nigerian Capital Market. The institution ensures the transfer of shares and other forms of securities from seller to buyer and its settlement (the payment).
  1. You need to fill the Sigma stock broking account opening form. This is done to obtain necessary Know Your Customer (KYC) information about the client. The form is submitted with necessary documentations, which will be advised on the form.

When can i begin to buy and sell shares on the Nigerian Stock Exchange?

Once the stockbroking account has been opened and all necessary Know Your Customer (KYC) documentations have been submitted. The client can fund their trading account by transferring funds into Sigma Securities Limited’s bank account.

Should I invest into more than one company shares?

Be sure you invest over an array of different stocks. Investing in a single type of stock is very dangerous. For example, if you’ve only invested in one stock and it fails, you’ll lose everything.

Which company shares should I buy into?

Having patience, while being familiar with each company and tracking market trends are beneficial to helping you succeed in the market. Your main goal should obviously be to profit, and profiting means learning the ins and outs of the marketplace. You could be earning profits from wise stock market investments sooner than you think.

Do a thorough research into the companies and look over financial statements in order to better understand the weaknesses and strengths of each company’s stocks. By doing this, you can carefully consider whether you need to own certain stocks.

 

What does owning the shares or stock of a company mean?

Think of your stocks as interest in a company that you own, rather than just simple financial elements to be traded. Stocks are much more than a piece of paper for selling and buying. When you own some, you become a member of the collective ownership of that specific company you invested in. You are granted a right to earnings and a claim on assets by virtue of owning a company’s stock. You may even have a voice in determining the company’s leadership and policies if your stock includes voting options.

How can I become a successful investor in the Nigerian Stock market?

To establish yourself as a successful stock investor, create a solid plan with specific details and map it out in writing. Whether you are investing in the Nigerian stock exchange through stock brokers in Lagos or a stock brokers in Abuja, the strategies in your plan should be about when you will buy and when you will sell. It must also include a clearly defined budget for your securities. This way you will know that you are spending only the money you have allotted for investing and choosing wisely with your intellect and not your emotions.

Can I buy the shares of the company I work for?

Use restraint when purchasing the stock of the company you work for. While purchasing company stock might be prideful, there is a lot of risk involved. Although, if employee shares can be purchased at discount, it might be a good bargain and worth purchasing.

Advice for a new investor in the Stock market

Keep stock investment plans simple when you are beginning. It can be fun and exciting to pick a buffet platter of stocks but as a beginner, you need to start off small. This ends up saving you a whole lot of money in the end.

Consider seeking out the opinions of a financial adviser on occasion, even if you plan to oversee your investment yourself. A good professional won’t just give you great individual stock picks. They can help you clarify important strategic investment points, such as your overall goals, your preferred timeline, and your tolerance for risk. You can then formulate a solid plan together based on this information.

Don’t allow investing to make you oblivious to other profitable investing opportunities. Many other wise investments exist, such as bonds or mutual funds. It’s advisable to diversified investments to protect your wealth.

Anybody has the ability to invest within the stock market, but only some have the knowledge and desire to research in order to earn the highest profit. Take the time to learn more about the stock market and practice with cheap stocks before you build your portfolio. Keep these tips in mind so you can start investing today