In Nigeria’s dynamic capital market, it’s not uncommon for investors to lose track of their stock portfolios — whether due to forgotten certificates, inheritance issues, or inactive accounts. But with the Nigerian Exchange (NGX) and Central Securities Clearing System (CSCS) streamlining operations, verifying if your stocks are still active has become easier than ever.
Here’s an exclusive, step-by-step guide to help you confirm the status of your NGX shares and avoid the risks of lost dividends or forfeited investments.
Confirm the Company Name and Number of Shares
Begin by identifying the company you invested in. Some companies may have changed names due to mergers or restructuring. Track this history using past documentation like share certificates, contract notes, or CSCS statements. Having these records ready helps in verifying ownership.
Contact a Licensed Stockbroker
Stockbrokers serve as the link between investors and the capital market. Your current or former broker can access your CSCS records and update you on the status of your shares, dividend history, and market activity. If your original broker is unreachable, any licensed stockbroker listed on the NGX website can assist.
Use the CSCS Portal
If your shares have been dematerialised (converted to digital form), you can log into the CSCS portal using your account number. There, you’ll see your full shareholding portfolio, including current values, transaction history, and dividend status. First-time users can register with details provided by their broker.
Check NGX’s Daily Official List
Visit the NGX website and navigate to the “Daily Price List” under the Market Data section. This list contains all currently traded companies on the NGX. If your company isn’t listed, it may have been delisted or merged. Further inquiry through your broker or the company registrar is advised.
Reach Out to the Share Registrar
Registrars maintain records of shareholders and process dividend payments. Common registrars in Nigeria include Africa Prudential Plc, First Registrars & Investor Services Ltd, and CardinalStone Registrars. You’ll need valid identification and documents like dividend warrants or original certificates to confirm your holdings.
Recover Dormant Accounts
If your shares are dormant due to inactivity or lost documentation, start the recovery process by swearing an affidavit and submitting a formal letter of claim. The CSCS or registrar will run a Know-Your-Customer (KYC) check. Once verified, your account can be reactivated and linked to your bank account for dividend payouts.
Stay Updated and Informed
Subscribe to newsletters from NGX, SEC, or capital market operators. Follow financial news outlets to stay informed about corporate actions like mergers, stock splits, or delistings that may impact your portfolio. This ensures you’re never caught off guard.
Failing to monitor your stocks can lead to lost dividends, missed profits, or in the worst-case scenario, the permanent forfeiture of your shares. Under SEC rules, shares that remain unclaimed for 12 years may be transferred to the Capital Market Development Fund.
Investing doesn’t stop at buying shares — tracking and managing them is key. Dematerialise your old certificates, keep your KYC information updated, and make a habit of using tools like the CSCS portal and NGX daily list. If in doubt, consult a licensed stockbroker or visit an NGX Investor Hub.
By staying informed and taking action, you ensure that your investments continue to work for you — today and into the future.