New post Need visibility? Apply for a FREE post for your Startup.  Apply Here


Bamboo launches Nigerian stocks on its platform

1 Mins read

Leading digital brokerage – Bamboo – has launched Nigerian stocks on its investment platform. The introduction allows Bamboo’s predominantly youthful user base to trade local equities like Guaranty Trust, MTN Nigeria, and Dangote Cement alongside U.S. and other international stocks and ETFs already offered.

The innovative fintech firm says the expansion caters to high investor demand for affordable ways to capitalize on the Nigerian Exchange’s blistering performance, which saw 45.9% growth in 2023 outpacing global indexes.

Nigerian stocks are by far the most in-demand asset class among our investors. The NGX delivers outstanding returns, and now young, digital-savvy traders can easily buy local blue chips they know and use daily,” Bamboo CEO and co-founder, Richmond Bassey, said.

Unlike most NGX trading accounts currently dominated by older investors, Bamboo aims to open up the booming market to a new generation through its user-friendly mobile platform and vast educational resources on investing fundamentals.

Partnering with established brokers Central Securities Clearing System (CSCS) and Lambeth Capital, Bamboo has pledged the fastest trade execution and dividend payouts available for these new Nigerian stock listings.

We are empowering retail investors to tap into the immense potential of one of Africa’s largest economies. Together with Bamboo, we’re unlocking new frontiers for Nigerian investors,” Lambeth Chairman, Tunde Lemo, said.

The expansion builds on Bamboo’s specialist expertise in fractionalized stock ownership, with over 75% of its 500,000 registered users focused on U.S. equities facilitated via the app’s commission-free brokerage capabilities.

Read also: Jumia trims losses as cost-cutting efforts bear fruit

Following its launch into Ghana last year, the Nigerian stock offering cements Bamboo’s position at the vanguard of a new wave of wealth generation across West Africa, catalyzed by digital investment tools tailored to the region’s rapidly growing consumer class.

It also heralds the potential for capital markets across the continent to be turbocharged by a surge of eager younger participants, injecting new liquidity while gaining investment education through Bamboo’s multimedia content platforms.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

804 posts

About author
When I'm not reading about tech, I'm writing about it, or thinking about the next weird food combinations to try. I do all these with my headphones plugged in, and a sticky note on my computer with the words: "The galaxy needs saving, Star Lord."
Related posts

Flutterwave suffers another major security breach, loses billions

1 Mins read
Nigerian fintech unicorn, Flutterwave, has suffered yet another devastating security breach, with unknown perpetrators illegally diverting billions of naira into unauthorized accounts…

Nigeria to open Startup House in San Francisco Tech Hub

1 Mins read
The Nigerian government is making a bold move to establish a stronger presence in the global technology scene. The Federal Executive Council…

Relief comes as MainOne completely restores subsea cable

1 Mins read
Internet users across West Africa can breathe a sigh of relief as MainOne, a leading subsea cable operator, has successfully completed repairs…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here -

Leave a Reply


Brain implant malfunction hits Musk's Neuralink