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Nigerians in Diaspora Account (MBCSec NIDA)

The NIDA account is an investment account that allows Nigerians in the diaspora to invest in Nigeria across a wide range of asset classes for short speculation and longer term value investing. MBCSec NIDA provides clients with the opportunity to invest in fixed income, quoted equities, private equity stock and real estate depending on their objectives. The product allows clients to open accounts online, send in their trade instructions online and receive their account statements online. NIDA account holders may also nominate a representative in Nigeria to deal on their behalf.* Subscribing to the product gives the client access to all MBCSec research reports and other services such as asset management and personal financial advice etc.

Accounts can be opened with a minimum of $5,000.00 or its equivalent in GBP or EUR.

Procedures

To open an account, click here

Scanned copies of account opening forms and supporting documents can be sent via email (to: enquiries@mbcsec.com) while the original copies should be sent by post.



Account details will be sent to potential clients only after completion of account opening documents. Required documents for NIDA account opening
1. Properly completed Account Opening Form
2. PassportPhotograph
3. Valid proof of Identification - International Passport OR other supporting IDs like Residence Permit OR Work Permit (necessary to confirm client’s status). An option of Other Countries Passport for the residence permit/work permit will suffice.
4. Proof of source of funds (Any one of the following is acceptable: Employer’s reference, Letter of employment, Work ID or Recent Payslip, Evidence of Business registration, Business Bank statements or Banker’s Business reference).
5. Proof of address (Any one of the following is acceptable: Current Utility bill not exceeding two (2) months, last 6 months Bank statement, or copy of any letter received within the last 3 months from existing Banker).
6. Attestation of passport and photocopies of attached documents (2 to 5) by a Referee who could be a NOTARY PUBLIC, Nigerian Embassy Official, Account Holder (Any Bank) or MBC Sec Staff. Referees would include Name, Address, Contact Phone Number and Email Address.
7. Completed Indemnity Form.
8. Power of attorney in cases required.
9. Endorsed Transfer Forms
10. Purchase/ Sale Mandates
11. Start up Minimum Deposit
REST
Pass
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Market Info as  @  07/22/2010  
FirmsChange OpenClose
 
7UP 0.00 47.00 47.00
ABBEYBDS 0.00 1.39 1.39
ABCTRANS -0.03 0.71 0.68
ACADEMY 0.00 5.89 5.89
ACCESS 0.01 8.11 8.12
AFRIBANK 0.09 1.98 2.07
AFROMEDIA -0.03 0.61 0.58
AGLEVENT 0.00 3.61 3.61
AIICO -0.01 1.20 1.19
AIRSERVICE 0.00 2.71 2.71
ALUMACO 0.00 8.15 8.15
AP 0.00 32.90 32.90
ASHAKACEM 0.12 18.19 18.31
ASOSAVINGS 0.00 0.50 0.50
BAGCO 0.13 2.70 2.83
BCC -0.02 62.02 62.00
BECOPETRO 0.01 0.78 0.79
BERGER 0.10 6.42 6.52
BETAGLAS 0.00 16.39 16.39
BIGTREAT -0.02 0.72 0.70
CADBURY 1.41 28.35 29.76
CAP -1.00 33.00 32.00
CAPOIL 0.00 0.50 0.50
CCNN 0.05 16.10 16.15
CHAMS 0.02 0.55 0.57
CHEVRON 0.00 90.10 90.10
CILEASING 0.00 3.11 3.11
CONOIL 0.00 49.50 49.50
CONTINSURE 0.01 1.15 1.16
CORNERST 0.00 0.50 0.50
COSTAIN 0.28 5.78 6.06
CRUSADER -0.02 0.55 0.53
CUSTODYINS -0.02 3.40 3.38
CUTIX 0.00 3.61 3.61
DAARCOMM 0.00 0.65 0.65
DANGFLOUR 0.10 20.00 20.10
DANGSUGAR -0.42 18.22 17.80
DIAMONDBNK 0.00 7.30 7.30
DUNLOP 0.00 0.50 0.50
ECOBANK 0.05 4.55 4.60
ENAMELWA 0.00 43.06 43.06
EQUITYASUR 0.00 0.50 0.50
ETERNAOIL -0.02 7.12 7.10
ETI 0.26 15.62 15.88
EVANSMED 0.00 1.38 1.38
FCMB -0.01 7.26 7.25
FIDELITYBK 0.00 2.27 2.27
FIDSON 0.02 3.00 3.02
FIRSTALUM 0.00 0.50 0.50
FIRSTBANK 0.57 13.30 13.87
FIRSTINLND 0.02 0.52 0.54
FLOURMILL -1.00 76.00 75.00
FTNCOCOA -0.03 0.70 0.67
GLAXOSMITH 0.00 29.19 29.19
GNI 0.00 0.50 0.50
GOLDINSURE 0.03 0.67 0.70
GTASSURE -0.06 2.16 2.10
GUARANTY 0.03 17.01 17.04
GUINNESS 0.00 162.00 162.00
HMARKINS 0.00 0.50 0.50
HONYFLOUR 0.05 6.50 6.55
IBTC 0.02 8.80 8.82
IKEJAHOTEL 0.03 1.37 1.40
INTBREW 0.00 6.99 6.99
INTENEGINS 0.00 0.50 0.50
INTERCONT 0.09 1.87 1.96
IPWA 0.00 1.09 1.09
JAPAULOIL -0.04 1.54 1.50
JBERGER 0.00 57.75 57.75
JOHNHOLT 0.00 9.28 9.28
JOSBREW 0.00 3.36 3.36
LASACO 0.00 0.50 0.50
LAWUNION 0.00 0.54 0.54
LINKASSURE 0.00 0.50 0.50
LIVESTOCK -0.02 0.62 0.60
LONGMAN 0.00 6.50 6.50
MAYBAKER 0.00 5.61 5.61
MBENEFIT 0.00 0.50 0.50
MOBIL -8.73 174.67 165.94
MULTIVERSE 0.00 0.50 0.50
NAHCO 0.00 10.00 10.00
NAMPAK 0.00 4.44 4.44
NASCON -0.19 7.56 7.37
NB -0.09 67.00 66.91
NBC 0.00 31.00 31.00
NCR 0.00 7.35 7.35
NEM 0.00 0.50 0.50
NESTLE 0.00 356.00 356.00
NIG-GERMAN 0.00 14.29 14.29
NIGERINS 0.00 1.13 1.13
NIWICABLE 0.00 0.70 0.70
NNFM 0.00 33.58 33.58
NSLTECH -0.15 3.07 2.92
OANDO -0.20 70.00 69.80
OCEANIC 0.08 1.78 1.86
OKOMUOIL -0.67 13.57 12.90
OMATEK -0.02 0.56 0.54
PLATINUM 0.07 1.45 1.52
POLYPROD 0.00 2.83 2.83
PRESCO 0.06 5.35 5.41
PRESTIGE 0.15 3.17 3.32
PZ 1.60 32.04 33.64
REDSTAREX -0.20 4.15 3.95
RESORTSAL 0.00 0.50 0.50
ROADS 0.00 3.01 3.01
ROYALEX 0.00 0.76 0.76
RTBRISCOE 0.00 4.09 4.09
SKYEBANK -0.21 7.30 7.09
SKYESHELT 0.00 100.00 100.00
SPRINGBANK 0.02 0.58 0.60
STACO 0.00 0.50 0.50
STARCOMMS -0.05 2.08 2.03
STDINSURE 0.00 0.50 0.50
STERLNBANK -0.05 2.13 2.08
TANTALIZER 0.00 0.80 0.80
THOMASWY 0.00 1.38 1.38
TOTAL 0.00 250.00 250.00
TRANSCORP 0.00 0.50 0.50
TRANSEXPR 0.00 6.45 6.45
UAC-PROP 0.00 21.00 21.00
UACN 1.09 41.85 42.94
UBA 0.00 10.20 10.20
UBN 0.25 5.13 5.38
UNHOMES 0.00 0.59 0.59
UNIC -0.02 0.52 0.50
UNILEVER 0.34 23.66 24.00
UNIONDAC 0.03 0.61 0.64
UNIONDICON 0.00 4.44 4.44
UNITYBNK 0.00 1.11 1.11
UNIVINSURE 0.00 0.50 0.50
UNTL 0.00 1.17 1.17
UPL 0.00 7.89 7.89
UTC 0.00 1.09 1.09
VITAFOAM -0.29 6.00 5.71
VONO 0.00 0.52 0.52
WAPCO -0.33 40.53 40.20
WAPIC -0.02 0.59 0.57
WEMABANK 0.04 0.96 1.00
ZENITHBANK -0.25 12.50 12.25
View Daily Pricelist
(Show Details)
FirmsChange OpenClose
7UP 0.00 47.00 47.00
ABBEYBDS 0.00 1.39 1.39
ABCTRANS -0.03 0.71 0.68
ACADEMY 0.00 5.89 5.89
ACCESS 0.01 8.11 8.12
AFRIBANK 0.09 1.98 2.07
AFROMEDIA -0.03 0.61 0.58
AGLEVENT 0.00 3.61 3.61
AIICO -0.01 1.20 1.19
AIRSERVICE 0.00 2.71 2.71
ALUMACO 0.00 8.15 8.15
AP 0.00 32.90 32.90
ASHAKACEM 0.12 18.19 18.31
ASOSAVINGS 0.00 0.50 0.50
BAGCO 0.13 2.70 2.83
BCC -0.02 62.02 62.00
BECOPETRO 0.01 0.78 0.79
BERGER 0.10 6.42 6.52
BETAGLAS 0.00 16.39 16.39
BIGTREAT -0.02 0.72 0.70
CADBURY 1.41 28.35 29.76
CAP -1.00 33.00 32.00
CAPOIL 0.00 0.50 0.50
CCNN 0.05 16.10 16.15
CHAMS 0.02 0.55 0.57
CHEVRON 0.00 90.10 90.10
CILEASING 0.00 3.11 3.11
CONOIL 0.00 49.50 49.50
CONTINSURE 0.01 1.15 1.16
CORNERST 0.00 0.50 0.50
COSTAIN 0.28 5.78 6.06
CRUSADER -0.02 0.55 0.53
CUSTODYINS -0.02 3.40 3.38
CUTIX 0.00 3.61 3.61
DAARCOMM 0.00 0.65 0.65
DANGFLOUR 0.10 20.00 20.10
DANGSUGAR -0.42 18.22 17.80
DIAMONDBNK 0.00 7.30 7.30
DUNLOP 0.00 0.50 0.50
ECOBANK 0.05 4.55 4.60
ENAMELWA 0.00 43.06 43.06
EQUITYASUR 0.00 0.50 0.50
ETERNAOIL -0.02 7.12 7.10
ETI 0.26 15.62 15.88
EVANSMED 0.00 1.38 1.38
FCMB -0.01 7.26 7.25
FIDELITYBK 0.00 2.27 2.27
FIDSON 0.02 3.00 3.02
FIRSTALUM 0.00 0.50 0.50
FIRSTBANK 0.57 13.30 13.87
FIRSTINLND 0.02 0.52 0.54
FLOURMILL -1.00 76.00 75.00
FTNCOCOA -0.03 0.70 0.67
GLAXOSMITH 0.00 29.19 29.19
GNI 0.00 0.50 0.50
GOLDINSURE 0.03 0.67 0.70
GTASSURE -0.06 2.16 2.10
GUARANTY 0.03 17.01 17.04
GUINNESS 0.00 162.00 162.00
HMARKINS 0.00 0.50 0.50
HONYFLOUR 0.05 6.50 6.55
IBTC 0.02 8.80 8.82
IKEJAHOTEL 0.03 1.37 1.40
INTBREW 0.00 6.99 6.99
INTENEGINS 0.00 0.50 0.50
INTERCONT 0.09 1.87 1.96
IPWA 0.00 1.09 1.09
JAPAULOIL -0.04 1.54 1.50
JBERGER 0.00 57.75 57.75
JOHNHOLT 0.00 9.28 9.28
JOSBREW 0.00 3.36 3.36
LASACO 0.00 0.50 0.50
LAWUNION 0.00 0.54 0.54
LINKASSURE 0.00 0.50 0.50
LIVESTOCK -0.02 0.62 0.60
LONGMAN 0.00 6.50 6.50
MAYBAKER 0.00 5.61 5.61
MBENEFIT 0.00 0.50 0.50
MOBIL -8.73 174.67 165.94
MULTIVERSE 0.00 0.50 0.50
NAHCO 0.00 10.00 10.00
NAMPAK 0.00 4.44 4.44
NASCON -0.19 7.56 7.37
NB -0.09 67.00 66.91
NBC 0.00 31.00 31.00
NCR 0.00 7.35 7.35
NEM 0.00 0.50 0.50
NESTLE 0.00 356.00 356.00
NIG-GERMAN 0.00 14.29 14.29
NIGERINS 0.00 1.13 1.13
NIWICABLE 0.00 0.70 0.70
NNFM 0.00 33.58 33.58
NSLTECH -0.15 3.07 2.92
OANDO -0.20 70.00 69.80
OCEANIC 0.08 1.78 1.86
OKOMUOIL -0.67 13.57 12.90
OMATEK -0.02 0.56 0.54
PLATINUM 0.07 1.45 1.52
POLYPROD 0.00 2.83 2.83
PRESCO 0.06 5.35 5.41
PRESTIGE 0.15 3.17 3.32
PZ 1.60 32.04 33.64
REDSTAREX -0.20 4.15 3.95
RESORTSAL 0.00 0.50 0.50
ROADS 0.00 3.01 3.01
ROYALEX 0.00 0.76 0.76
RTBRISCOE 0.00 4.09 4.09
SKYEBANK -0.21 7.30 7.09
SKYESHELT 0.00 100.00 100.00
SPRINGBANK 0.02 0.58 0.60
STACO 0.00 0.50 0.50
STARCOMMS -0.05 2.08 2.03
STDINSURE 0.00 0.50 0.50
STERLNBANK -0.05 2.13 2.08
TANTALIZER 0.00 0.80 0.80
THOMASWY 0.00 1.38 1.38
TOTAL 0.00 250.00 250.00
TRANSCORP 0.00 0.50 0.50
TRANSEXPR 0.00 6.45 6.45
UAC-PROP 0.00 21.00 21.00
UACN 1.09 41.85 42.94
UBA 0.00 10.20 10.20
UBN 0.25 5.13 5.38
UNHOMES 0.00 0.59 0.59
UNIC -0.02 0.52 0.50
UNILEVER 0.34 23.66 24.00
UNIONDAC 0.03 0.61 0.64
UNIONDICON 0.00 4.44 4.44
UNITYBNK 0.00 1.11 1.11
UNIVINSURE 0.00 0.50 0.50
UNTL 0.00 1.17 1.17
UPL 0.00 7.89 7.89
UTC 0.00 1.09 1.09
VITAFOAM -0.29 6.00 5.71
VONO 0.00 0.52 0.52
WAPCO -0.33 40.53 40.20
WAPIC -0.02 0.59 0.57
WEMABANK 0.04 0.96 1.00
ZENITHBANK -0.25 12.50 12.25
View Top Gainers
(Show Details...)
Firms Change Open Close
PZ 1.60 32.04 33.64
CADBURY 1.41 28.35 29.76
UACN 1.09 41.85 42.94
FIRSTBANK 0.57 13.30 13.87
UNILEVER 0.34 23.66 24.00
View Top Lossers
(Show Details...)
Firms Change Open Close
MOBIL -8.73 174.67 165.94
CAP -1.00 33.00 32.00
FLOURMILL -1.00 76.00 75.00
OKOMUOIL -0.67 13.57 12.90
DANGSUGAR -0.42 18.22 17.80
NIBOR RATESCALL30 Days90 Days
1.1417%5.2083%7.4167%
FX RATES [=N=]$£€
148.70227.27192.79
INTERBANK TBILLS30 Days90 Days365 Days
2.2463%2.9209%4.6847%
  
MRR6.00%
INFLATION 
for June 201010.3%
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