Equities

We deliver top notch equities investment services to both international and local clients, offering several products that provide value and make investing in the Nigerian Equities market a breeze. Below is a list of our custom product offerings:

Equities

We deliver best-in-class investment services and provide support to a wide spectrum of clients across the financial services landscape. We are well positioned to leverage our expertise in the Capital Market, as our experienced execution team provides superior securities trading that ensures investment mandates are efficiently executed. We continuously engage our clients on ways to achieve their investment objectives and subsequently deliver value to them.

Global Account Reconciliation & Consolidation
Investing in stocks can be quite cumbersome sometimes, we are available to assist you in the reconciliation of your account to ensure your stocks and dividend are intact and accurate across your various accounts.

Margin Trading
We provide our sophisticated clients with an on-demand margin facility up to the value of their acceptable collateral. Our acceptable collateral list includes cash accounts, FGN Bonds, Treasury Bills and acceptable stocks. This facility helps our clients take large investment positions and potentially improve their returns.

How to get started

Steps to opening a Stockbroking account with CardinalStone Securities Limited

  1. Submit all the required account opening documents:

Individual Account Opening Requirements

    • Click individual account online or download the form
    • Photocopy Of International Passport /Driver’s License/PVC/National ID
    • Passport Photograph of Signatories
    • Proof of Address (e.g. copy of a recent utility bill not older than 3 months/ Bank statement showing registered address)
    • Foreign Account Tax Compliance (Applicable to Non-Residents who resides in the US)
    • FIRS Self Certification Form (Applicable to Non-Residents)

Joint Account Opening Requirements

    • Completed Joint Account Opening Form (should include the signature mandate) (download)
    • Passport Photograph of the signatories
    • Copy of Valid ID card of the Signatories (Int. Passport, Driver’s license, National ID, Voter’s Card)
    • Bank Verification Number of the Signatories
    • Proof of Address (e.g. copy of a recent utility bill not older than 3 months/ Bank statement showing registered address)
    • Foreign Account Tax Compliance (Applicable to Non-Residents who resides in the US)
    • FIRS Self Certification Form (Applicable to Non-Residents)

Corporate Account Opening Requirements

    • Completed Account Opening Form (download)
    • (One) Passport Photograph of each Authorized Signatory
    • Copy of Identification of Authorized Signatories (Int. Passport, Driver’s license, National ID, Voters Card
    • Completed ‘Individual Details’ form for each Authorized Signatory
    • Signed Brokerage Agreement
    • Certificate of Incorporation
    • Memorandum & Articles of Association
    • Form CAC 2 (Return of Allotment of Shares)
    • Form CAC 3 (Notice of Situation/ Change of Registered Address) or Current Utility Bill (Not more than 3 months)
    • Form CAC 7 (Particulars of Directors)
    • Bank Verification Number of the Signatories to the Account and Bank details i.e. account number, account name, sort code, date of creation of account.
    • Foreign Account Tax Compliance (Applicable to Non-Residents who resides in the US)
    • FIRS Self Certification Form (Applicable to Non-Residents)

Estate Account Opening Requirements

    • Completed Account Opening Form (download)
    • Letter of Administration for those without will.
    • Completed ‘Individual Details’ form for each Administrator
    • Letter of Authority mandating CSS to act as Brokers
    • Death Certificate
    • Newspaper Publication & Gazette
    • Passport Photographs, Valid ID and BVN of the Administrations
    • Notarized current utility Bill (Not more than 3 months)
    • Share Transfer forms (up to 10 copies) for Stockbroking accounts
    • Foreign Account Tax Compliance (Applicable to Non-Residents who resides in the US)
    • FIRS Self Certification Form (Applicable to Non-Residents)
  1. Two accounts will be opened on your behalf:
    • A Central Securities Clearing System Limited (CSCS) account
    • An In-house Stockbroking Account.
  1. Once your stockbroking accounts have been opened, you will be given online access to your account and your login details will be communicated to you. You will be able to:
    • View your stockbroking account online
    • Fund your account
    • Place purchase and sale mandates through your online account and notifications on the status of mandates placed will be sent to you via email.
    • A trade notification email will be sent to you and the Contract notes for the trades can be viewed via your online account.
    • View the status of share certificates deposited for verification
    • A monthly E-statement will be sent to your registered email