Bamboo Global Inc, a Nigerian online investment and brokerage company, has just added Nigerian stocks to its platform.
Now, investors can buy shares of Nigerian companies like Access Holdings, MTN Nigeria Communications, Dangote Cement, and Nestle Nigeria through Bamboo. This move comes after Bamboo got permission from the Securities and Exchange Commission (SEC) over a year ago.
To make this happen, Bamboo is teaming up with stockbroking companies like Central Securities Clearing System Plc (CSCS) and Lambeth Capital. They promise quick trade settlements and dividend payments for their customers.
Richmond Bassey, Bamboo’s Co-Founder and CEO, says they’re excited to offer Nigerian stocks because they’re popular and have great returns. He believes this will help younger investors get into the market.
Bamboo started in 2019 to make investing easy for Nigerians. They offer tools and education to help people invest in US stocks too. Right now, they have over 500,000 users and host events like Bamboo Bootcamp, with thousands of attendees.
And don’t forget, Bamboo expanded to Ghana in 2022, letting Ghanaians invest in foreign companies too.
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