Stock Profit Calculator Nigeria — NGX Trading Returns
Calculate stock trading profit, brokerage fees, and net return on the Nigerian Exchange (NGX). Includes all standard NGX fees.
shares
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Quick stock scenarios:
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Total Cost (incl. buy fees)
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Gross Profit
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Total Fees
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Net Profit
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Net ROI %
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Break-Even Sell Price
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Share Price Gain %
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Buy Fees + Sell Fees
NGX Fee Breakdown
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Trade Summary
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Frequently Asked Questions
What fees apply to stock trading on the Nigerian Exchange (NGX)?
NGX trading fees include: Stockbroker commission (1.35% of transaction value), SEC fee (0.3%), CSCS fee (0.3% on sells), FSDH fee (0.003%), NSE fee (0.3%). Total buy costs ≈ 1.9%, total sell costs ≈ 2.2%. These fees significantly affect profitability on short-term trades.
Is stock trading profit taxable in Nigeria?
Gains from sale of shares on the NGX are currently exempt from Capital Gains Tax under Nigerian law. However, dividend income from shares is subject to 10% Withholding Tax. If you are a stockbroker or professional trader, your trading income may be taxed as business income. Tax law in this area may evolve under NTA 2025.
What is the minimum lot size for NGX trading?
On the Nigerian Stock Exchange, the minimum trade unit is 100 shares. You must buy in multiples of 100 shares (board lots). Some companies have different minimum trade sizes depending on their price tier. Small-cap stocks under ₦1 can be traded in larger lot sizes.
How do brokerage fees affect my returns on NGX?
On a round-trip trade (buy + sell), total fees average about 3.5–4%. This means a stock must rise at least 4% just for you to break even. Short-term trading on NGX is very expensive relative to the returns. Long-term investing (buy and hold) spreads the one-time fee cost over years of gains.
What is the NGX All-Share Index?
The NGX All-Share Index (ASI) tracks the overall performance of all listed equities on the Nigerian Exchange. It is the benchmark index for measuring stock market performance. As of 2025, the NGX has over 155 listed companies. Key sectoral indices include NGX Banking Index, NGX Industrial Index, and NGX Consumer Goods Index.