Mobile investing fuels $13.7 million in daily stock trades

▤ Summary

Mobile investing is driving a sharp rise in retail participation on the Nigerian Exchange. Domestic retail investors traded 2.86 trillion naira between January and May 2026 and now account for more than a third of all trading activity. Platforms like Bamboo, Trove, Risevest, and Cowrywise are making stock investing accessible from phones and are reshaping broker market share. The trend is pushing traditional financial institutions and the exchange itself to launch new products and digital offerings to capture rising retail demand.

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