PHOTO: CEO Tosin Osibodu in a press conference. Photo credit: Via Twitter.
A global digital trading firm called Chaka has been launched earlier this week in Nigerians. The platform provides top Nigerian users the opportunity to invest in stocks listed on NASDAQ, the New York stock exchange and the Nigerian stock Exchange, offering over 4000 assets and indexes for companies such as Apple, Alibaba,Google and the S&P 500 Index.
The company is hoping to provide international opportunities for local companies to explore and diversify their portfolios into African and International markets. They will also offer global citizen access to invest in local capital markets with a click.
Tosin Osibodu the CEO of Chaka spoke about the inspiration behind creating Chaka and he says,
With the booming growth in nations around the world today, investors can now own a stake in the growth of other economies. Yet for many Nigerians, this a daunting task. We created this this platform to fill the gap, and likewise, give global communities access to local markets.”
Our goal is to provide premium borderless trading and investment opportunities for Nigerian professionals and investors. Chaka facilitates access to assets listed on the Nigerian stock exchange markets, American stock exchanges as well as global blue-chip from 40+ companies around the world.”
If you are wondering what a blue-chip company is, it is a multinational firm that has been operating in business for a number of years. Such companies include Coca-Cola, Walmart, General Electric, McDonald’s etc.
The CEO also added,
To provide our customers with compliant access to the Us stock market, we have partnered with U.S. based leader in global digital technology, DriveWealth.LLC. Through this partnership, we are ensuring that Nigerians can own a stake in their favourite companies in the U.S”
