WHY USE A STOCKBROKER INSTEATD OF A BANK?
• First, you need to use either because the CBN does not deal with individual. • However, banks bid for Treasury Bills while stockbrokers technically do not. This alone is capable of earning you a slightly higher rate of return which is immensely significant over a long term. • The stockbroker charges you no commission, COT or any other “fees” whatsoever. The CBN pays the due commission to the stockbroker.
