Fees & Charges (Nigerian Stocks)

Here are the charges attached to the buy and sell orders for Nigerian Stocks:

Trade Fee

For BUY Orders:

Bamboo’s Commission: 1%

Statutory Fees from NGX and CSCS

Trade Alert Fees: N4

SEC Fees: 0.3%

Stamp Duties: 0.08%

Other (Brokerage Commissions): 0.75% - 1.35%

VAT: 7.5% of Brokerage and SEC fees

For SELL Orders:

Bamboo’s Commission: 1%

Statutory Fees from NGX and CSCS

NGX Fees: 0.3%

CSCS Fees: 0.3%

Trade Alert Fees: N4

Stamp Duties: 0.08%

Other (Brokerage Commissions): 0.75% - 1.35%

VAT: 7.5% of NGX + CSCS + Brokerage fees

You will see the breakdown of the charges on the page when you review your Buy/Sell order.

You can hold stocks for as long as you like and you will not be charged for holding stocks or leaving funds in your Bamboo wallet.

There is a 0.5% WHT (Withholding Tax) capped at N500 on dividends. This only applies to dividends and does not apply to returns made from selling stocks or from capital appreciation.

There is a dividend holding fee of N100 per dividend received.

Here are other charges you may come across;

Naira Card: The charge with the Naira card option is 1.4%. The charge is capped and will not exceed ₦2000.

Naira Bank Transfer: The Naira bank transfer option has a flat rate of ₦100 regardless of the amount being deposited.

USD Card: The charge with the USD card option is 2.9%.

There is a withdrawal fee of ₦45 to Naira bank accounts and $45 to USD bank accounts.

The minimum withdrawal amount to a USD account is $500.

For more information, please feel free to check full details on our terms of service and disclosures on  investbamboo.com/legal 

Dividend Taxes

Deposit Charges

Withdrawal Fee