If you’ve ever bought shares on the Nigerian Exchange (NGX), whether through an IPO, the secondary market, or as a gift, you might assume those stocks are just there, quietly working for you. 

Many investors in Nigeria have lost track of their holdings, missed out on dividends, or even forfeited their rights completely because they didn’t take steps to confirm the status of their stocks.

So, how can you tell if your NGX stocks are still active? Here are some reliable ways to find out and why doing so matters more than you think.

Start with the company name and share details

The first thing to do is confirm the exact company you invested in. Some companies may have changed names due to mergers, acquisitions, or restructuring. 

You’ll want to gather all related documents: contract notes, share certificates, CSCS statements, anything that proves your ownership. This step is crucial, especially if your shares were acquired many years ago or passed down through family.

Talk to your stockbroker

Your stockbroker is your first port of call. They can check your holdings via the Central Securities Clearing System (CSCS) and let you know if your shares are still active. Even if your original broker is no longer in business, all hope isn’t lost, you can approach any licensed broker listed on the NGX website. 

With the right information, they can still trace your records and update you on your investment status.

Use the CSCS online portal

If your shares have been dematerialised (i.e., converted from paper to digital form), you can view them yourself on the CSCS online platform. Once registered, you’ll see your portfolio in full, what companies you have shares in, how many units, any recent transactions, and dividend records. 

It’s a fast, easy way to take control of your investments without needing to make multiple phone calls.

Check the NGX daily official list

Not sure if the company you invested in is still listed? Head to the NGX’s website and view the Daily Official List. This report shows which companies are still trading, along with their current prices. 

If the company isn’t listed there, it may have been delisted or merged with another entity. At that point, you’ll need to dig deeper with your broker or registrar.

Reach out to the company’s share registrar

Every listed company has a registrar, these are the firms that manage shareholder records and dividend payments. If you’re unsure whether your shares are still valid or if dividends have been paid, contact the registrar directly. 

Be prepared to present identification and any investment documents. Registrars like Africa Prudential, First Registrars, or CardinalStone can help you verify your holdings and guide you through any claims or updates.

Investigate dormant or forgotten accounts

Lost access to your account or misplaced your share documents? You’re not alone. Many investors have “dormant” accounts that haven’t been active for years. But there’s a way back. 

Start by swearing an affidavit to confirm ownership, then submit it along with a valid ID and a formal claim letter, either through a broker or directly to the registrar or CSCS. Once verified, you can regain access to your holdings and bring your account back to life.

Stay informed always

Markets change fast. Companies restructure. New regulations come in. If you’re not actively following what’s happening, you risk being left behind. Subscribe to updates from the NGX, Securities and Exchange Commission, or your brokerage firm. 

The more informed you are, the more empowered you’ll be to make decisions that protect and grow your investment.

Why it matters

This isn’t just about checking boxes, it’s about protecting your money. Dormant or forgotten shares could mean missed dividends, missed chances to sell during a rally, or even losing your rights entirely. In fact, if your shares remain unclaimed for 12 years, they could be transferred to the Capital Market Development Fund under SEC rules. 

That’s your money, gone. Whether your shares were bought last year or inherited a decade ago, keeping tabs on their status is your responsibility. A few checks today could save you from regret tomorrow.