Unlocking Potentials. Creating Value.
Unlocking Potentials. Creating Value.
Unlocking Potentials. Creating Value.

INVESTMENT FAQ

Are Private Placements better than Public Offers?

SCMCGroup is well equipped and prepared to give you services that will meet and exceed your investment needs. Having taken the time to understand investors’ needs, we have built strong relationships, and would be pleased to bring our extensive experience to bear in your transactions with us. One of the most reliable stock broking firms in Nigeria, SCMC Group parades excellent professionals with proven skills and integrity, and will verify your certificates within the shortest possible time as well as carry out your sale and purchase mandates as promptly as possible. Our Account Opening process is straight forward and our Relationship Officers are always available to give you needed support and assistance .In addition, Constellation Capital possesses strong research capabilities in the areas of Economic Research, Equity Research and Fixed Income Research, providing excellent coverage of the Nigerian Capital Market.

During cross deals in SCMC Group , why do the buyers/sellers pay charges?

Cross Deals Transactions involve trading on the floor on the Nigerian Stock Exchange and any transaction done on the floor of the NSE attracts charges.

How do I deposit my certificates and what happens after?

You can only get your share certificates verified through a stock broking firm. You have to take your certificates to a stock broking firm where you will fill in/sign forms including the Transfer Form and the Know Your Client (KYC) Form. They will process the certificate(s) and take them to the Registrar, who will verify them and then send information to the CSCS about the verification. The CSCS will complete the transaction and credit your CSCS Account accordingly.

How long does it take for my certificates to get verified?

Once all documents required for verification are provided, your certificates could be verified within two weeks of submission with your stock broker. Certificates may sometimes take longer to verify. Please ask your stock broker for requirements for certificate verification.

What are the charges when buying or selling stocks?

A: Cost relating to ‘BUY’ Transactions:

CSCS Fee           0.03% of Consideration
VAT on CSCS      0.05% on CSCS Fee
Stamp Duties       0.075% of Consideration
SEC Fee              0.3% of Consideration
Brokerage Commission 1.35% of Consideration
TOTAL=1.805% 

B: Cost relating to ‘SELL’ Transactions: 

CSCS Fee             0.30% of Consideration
VAT on CSCS        0.05% on CSCS 
FeeStamp Duties  0.075% of Consideration
NSE Fee                0.3% of Consideration
VAT on NSE           0.05% on NSE 
FeeBrokerage Commission  1.35% of Consideration
TOTAL=2.125%

What do I stand to benefit from opening an account with SCMC Group?

Opening an account with SCMC Group comes with lots of benefits. You will have the privilege of having your account managed by the best professionals in the Industry; you will enjoy the premium and excellent services we are well known for; you will enjoy quality research information regularly; you will be able to subscribe to our daily and weekly reports. The benefits are endless actually!

Why do I need Banker’s Confirmation?

Banker’s Confirmation is needed when the Registrar cannot verify a client’s signature on the Transfer Form sent to them with the sample they have stored in their database. Banker’s Confirmation will also be needed if the Registrar does not have a sample signature for the client.With a Banker’s Confirmation, your bank is confirming to the Registrar that they know you and that you have an active account with them. They are also confirming to the Registrar that the sample signature you have signed on the Banker’s Confirmation is indeed your true signature.

Why do I need to write to the Registrars for my own missing certificates and not SCMC Group?

Banker’s Confirmation is needed when the Registrar cannot verify a client’s signature on the Transfer Form sent to them with the sample they have stored in their database. Banker’s Confirmation will also be needed if the Registrar does not have a sample signature for the client.With a Banker’s Confirmation, your bank is confirming to the Registrar that they know you and that you have an active account with them. They are also confirming to the Registrar that the sample signature you have signed on the Banker’s Confirmation is indeed your true signature.

Why should I open an account with SCMC Group?

SCMC Group is well equipped and prepared to give you services that will meet and exceed your investment needs. Having taken the time to understand investors’ needs, we have built strong relationships, and would be pleased to bring our extensive experience to bear in your transactions with us.One of the most reliable stock broking firms in Nigeria, SCMC Group parades excellent professionals with proven skills and integrity, and will verify your certificates within the shortest possible time as well as carry out your sale and purchase mandates as promptly as possible. Our Account Opening process is straight forward and our Relationship Officers are always available to give you needed support and assistance. In addition, SCMC Group possesses strong research capabilities in the areas of Economic Research, Equity Research and Fixed Income Research, providing excellent coverage of the Nigerian Capital Market.