Our Company

Newdevco Investments & Securities Company Limited is a stockbroking firm and a subsidiary of Gamzaki Transnational Limited. The company was incorporated on January 11, 1978 but commenced operation in 1979 at Church House, No. 29 Marina Street, C. M. S. Lagos.

The organization is a member of Nigerian Stock Exchange (NSE) and a shareholder of Central Securities Clearing System (CSCS) and is licensed to provide the following services among others.
  • - Financial and advisory services
  • - Capital Market Ooperations (Primary & Secondary Markets)
  • - Fixed Securities Trading – Treasury Bills & Bonds
 
Our Track record and experience

  • Since 1979, we have been registered with both Securities and Exchange Commission (SEC) and The Nigerian Stock Exchange (NSE) as Financial and Investment Advisers, Broker/Dealer.
  • In these close to four decades of our operations, Newdevco has been able to make landmark achievements in the capital market – both primary and secondary markets. In the Secondary Market for instance our Company is among the top few dealers on the floor of the NSE in terms of turnover and market activity.
  • We were stockbroking consultants to the Bureau of Public Enterprises (BPE) and Stallion Property and development Co. Ltd. Our relationship with BPE dates back to 1993 when it was referred to as TCPC – Technical Committee on Privatization and Commercialization. We participated in the valuation of Stallion Property’s Share Price. In addition to the BPE assignments, we have also participated as either Financial Adviser or Stockbroker to the following issues some of which are IPOs (Initial Public Offers):
    • Privatization of First Bank of Nigeria Plc – TCPC – 1993
    • Privatization of Onigbolo Cement Co - Republic of Benin  -   TCPC - 1994
    • Unipetrol now Oando Rights Issue - 1995
    • Privatization of Unipetrol now Oando  – BPE – 2000
    • N5.0 billion Bauchi Tourism Development Bond 2007
    • Fidelity Bank Plc – 2005
    • We are one of the twelve Stockbroking firms appointed by BPE to sell 750 million shares of Afribank on the floor of the Nigerian Stock Exchange (NSE). 2007 .The assignment was successfully executed. - 2006
    • Dvcf Oil & gas Ltd. offer - 2006
    • Transcorp Private placement-2006
    • Transcorp Public offer - 2007
    • Unity Bank reconstruction - 2006
    • We are also one of the Stock brokers to the FBN Right Issue and Public offer  -2007.
Our Strengths

  • Our major shareholders are NNDC and Gamzaki Transnational Corporation – reputable institutional investor and financial institution. We also act as their investment adviser.
  • Being one of the oldest surviving stockbroking outfits in the country, we have a reservoir of goodwill and experience spanning close to four decades to our credit.
  • We have the requisite technology and staff to provide you with superior service delivery fast and at a competitive price. Among our galaxy of qualified staff are chartered stockbrokers and other Professionals in the financial industry.
  • We have excellent relationship with all the regulatory authorities largely due to our long-spanning fraud-free operations in the capital market.
  • Our operations are flexible and tailored to meet the client’s expectations.
  • Our clientele base is relatively large and spread uniformly across the country.
  • Our track record in both the primary and secondary market operations is legendary. We trade everyday all the year round including during nation-wide strikes as long as the NSE trading floors are open. This is because we have committed stockbrokers and a trading booth solely operated by us and we equally trade remotely from the office. We are therefore current about the market always.
Branch Network

  • Abuja
  • Kano
  • Kaduna
  • Lagos

Latest News

Market Update

Investors Upbeat amidst Hope of More Financials, Position Taking Market Update  Feb. 30 2018 The nation’s equity market on Tuesday had a very volatile, but positive session as a strong follow-up... Read More


Market Update 18.12.18

Market Update December 18th 18 Volatility to Continues As Investors, Traders Take Profit, Reposition for 2018 Earnings Season Market Update for December 18 The nation’s stock market recorded another decline... Read More


Market Update 12.12.18

December 12 Market Update Profit Taking Slows Down, Volatility Lingers, Amidst Hope For Improved Economic Data Profit booking on the floor of the Nigerian Stock Exchange on Tuesday slowed down,... Read More


Market Update

Investors Upbeat amidst Hope of More Financials, Position Taking Market Update  June. 30 2018 The nation’s equity market on Tuesday had a very volatile, but positive session as a strong follow-up... Read More


Market Update 19.12.17

Market Update December 18th 17 Volatility to Continues As Investors, Traders Take Profit, Reposition for 2018 Earnings Season Market Update for December 18 The nation’s stock market recorded another decline... Read More


Market Update 12.12.17

December 12 Market Update Profit Taking Slows Down, Volatility Lingers, Amidst Hope For Improved Economic Data Profit booking on the floor of the Nigerian Stock Exchange on Tuesday slowed down,... Read More




Terms and Conditions of Use

What does this policy cover?

This policy explains the terms which apply to users of any web sites operated by, or on behalf, of NewDevCo Investments (together NewDevCo Website”). NewDevCo Limited, a company registered in Nigeria with company number 8927373 (“We/Us/Our”).

Registered office address: NNIL Building, 4 Muhammadu Buhari Way, P.M.B 2340 Kaduna. NewDevCo is a private limited company acting on behalf of itself and its subsidiaries.


Privacy Policy

What does this policy cover?

This policy explains the terms which apply to users of any web sites operated by, or on behalf, of NewDevCo Investments (together NewDevCo Website”). NewDevCo Limited, a company registered in Nigeria with company number 8927373 (“We/Us/Our”).

Registered office address: NNIL Building, 4 Muhammadu Buhari Way, P.M.B 2340 Kaduna. NewDevCo is a private limited company acting on behalf of itself and its subsidiaries.


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