Online brokerage firm Bamboo has expanded its investment offerings by introducing Nigerian stocks to its platform.
This move marks a pivotal moment in the accessibility of local equities, providing retail investors with seamless access to the Nigerian capital markets through innovative digital technology.
Founded in 2019, Bamboo has established itself as a leading online brokerage app, empowering Africans to invest in real-time across a diverse range of local and foreign asset classes.
Now, with the inclusion of Nigerian stocks on its platform, Bamboo is poised to revolutionize the investment landscape by democratizing access to the country’s vibrant capital markets.
Announcing the launch of Nigerian stocks on its platform, Bamboo explained its commitment to facilitating fast trade settlement timelines and seamless dividend payment systems for retail investors.
This initiative aims to enhance investor experience and foster greater participation in the Nigerian capital markets.
Richmond Bassey, the Chief Executive Officer and co-founder of Bamboo, expressed enthusiasm about the potential of Nigerian stocks to deliver exceptional returns on investment while enabling investors to diversify their portfolios.
He underscored the importance of deepening African capital markets, starting with Nigeria, and affirmed Bamboo’s role in this endeavor.
“As we witness the launch of Nigerian stocks on the Bamboo platform, we congratulate them on this milestone and will continue to support innovations that enhance investor experience and grow the capital market,” commented Dr. Haruna Jalo-Waziri, an official of the Central Securities Clearing System Plc, acknowledging the significance of Bamboo’s initiative in advancing market accessibility.
Tunde Lemo, Chairman of Lambeth Capital, lauded Bamboo’s efforts in enabling individual investors to tap into the vast potential of the Nigerian economy.
By offering access to Nigerian stocks through its cutting-edge technology, Bamboo is empowering retail investors to participate more actively in the country’s capital markets and contribute to economic growth.