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How to Invest in Nigerian Stock Exchange – and Make Huge Profit!

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Have you ever for once ask yourself that, how the hell can I invest in Nigerian Stock Exchange or how does the investors make money in the stock market?

The gospel truth is that, stock market in Nigeria and around the world is quite lucrative market, with trillions of dollars been shared on a daily basis. This huge sum is shared among the market participants daily also known as “investors” – which makes investing in Nigerian Stock Exchange one of the most lucrative businesses or investing idea in the country.

The sad part is people’s inability to comprehend the business pattern, terms and trends.

With that in mind, this article will walk you through the terminologies, how and where to buy stocks, and most importantly how to invest in the Nigeria stock exchange (NSE).

So. Let begin!

About the Nigerian Stock Exchange (NSE)

Back in 1960 what we now know as the Nigerian stock exchange was launched, with its original nomenclature being Lagos Stock Exchange. It was since changed in 1977 to its current name, since then, over 200 firms have been registered with a market capitalization of over N200 trillion.

The NSE is regulated by the Securities and Exchange Commission (SEC) – the agency responsible for checking abnormal practices and thereby taking necessary action to maintain credibility in the system. The NSE is current the biggest stock exchange in the continent (Africa), in terms of market capitalization.

With its automated trading system, it’s able to generate data which are displayed on a daily, weekly, monthly, quarterly and annual basis.

Most importantly, the NSE serves as a marketplace for buying and selling of shares. But not all firms are eligible to invest in Nigeria Stock Exchange because as a company, you’d be required to have not less than fifty shareholders and must be a public company.

Terms You Need to Know Before You Invest in the Nigerian Stock Exchange

Here are some terminologies to familiarize yourself with before dealing with stocks, and the Nigerian stock exchange;

  • Dividend – This is the share of a firm’s profits given out to its shareholders, usually in the percentage of market share value. This value is decided by the top guns of the respective firm.
  • Initial Public Offering (IPO) – For upcoming firms or startups, this is the initial share offered to the public in a bid to generate more funds, and also gain more investors.
  • Debenture – It’s a form of debt that doesn’t require any assets or collateral, supported on by the creditworthiness of the issuer.
  • Equity – Equity are shares owned by a company
  • Market Capitalization – This is usually used in gauging the size of a company’s wealth. To get this value we have to multiply the current market price of a share with the remaining share.
  • Risk – The term ‘risk’ in stock exchange is quite similar to what we all know it to be; this are typically the profit patterns, this is often put into consideration when investing
  • Securities – It’s basically a documentation of possession of stocks, bonds, assets, and other forms of assets which is owned by an individual. Securities could be transferred at some certain point.
  • Yield – Yield is usually measured in percentage, it’s the measure of returns on your investment.

So here are some of the basic terminologies to get accustomed with when trading in the stock market. As you delve in deeper, you’d get to discover other term.

Some requirements for getting listed on the Nigerian Stock Exchange

  1. Financial Statement

At least financial statement of account, stating all financial engagements in the last three years must be presented.

  1. Pre-Profit Tax

A form of tax before profit usually called pre-profit tax be presented, this should be for the last 3 years of at least three hundred million.

  1. Market Capitalization

The NSE requires a market capitalization of not less than 4 billion naira before enlisting in its floor.

  1. At least 3 years of operation

For any firm(s) seeking to be listed in the floor of the NSE, a proof of operations for the last 3 years must be presented, and also, that of its core investors.

  1. Registration

Any company seeking to appear on the floor of the NSE must be a fully registered LLC with the CAC.

There are other requirements which can be found on the NSE’s site – https://www.nse.com.ng

Now, let talk about investing…..

As I iterated earlier, this business is probably the most lucrative of all forms of investment business, and as such requires lots of guidance to master to tricks and best practices.

As lucrative as it is, you aren’t guaranteed of profit on your investment, so don’t just throw in your money yet and expect returns – there are certain patterns to follow.

How to Invest in Nigerian Stock Exchange (Like a Pro-investors)

1.     Choose a company to invest in

This is probably one of the most important factors to consider, once you get this all wrong at the start, that’s it! Not all firms are worthy to investing in, or should I say buying their stocks in the NSE.

Before investing, you should take out time going through the company’s income, debt and credit profile, seeing their profit patterns. If you’ve seen a consistent trend of profit through your analysis, it’s a good sign to go ahead and invest. In a situation where that trend is missing, you could attempt to predict the future, will this business grow with time or not – this especially the case with startup companies.

If you’re able to get your predictions correct – positive or negative, your success or failure in stock trading is determined.

If you choose to invest in a startup, it may be difficult for you to predict. This is where you employ the services of a financial expert, with this your job just got easier.

·       7 best firms to invest in Nigerian Stock Exchange

I.                    Unilever Nigeria Plc

We all know about Unilever, it’s one of the oldest firms in the country but is still doing great. It wouldn’t be a bad idea in buying their shares as they do pay dividends to their holders.

II.                  Total Nigeria

Total is one of the top oil exploration companies in Nigeria, with branches spread all over the country. Getting Total’s share is one of the best investments you could make right now at the Nigerian Stock Exchange.

III.                Nestle Nigeria Plc

Producer of some of the popular beverage drinks; Nestle has grown over the years and maintain its reputation in the Nigerian stock market as one of the best to invest in.

IV.                Dangote Sugar Refinery

A subsidiary of company owned by the Richest Man in Nigeria, under the Dangote group. Dangote Sugar refinery has shown lots of potentials for growth with its steady and arithmetic growth pattern these past few years.

V.                   Guarantee Trust Bank

Yes, banks in Nigeria are one of the best firms to invest in the stock market and its trading games. But among these banks, GT bank is one good option.

VI.                 Zenith Bank Plc

Another bank in our list, Zenith bank is an award-winning Nigerian commercial bank and putting your money here is a pretty fair choice.

VII.               Seplat Petroleum Development Company

This firm is concerned with the development of petroleum products in and around the country with seeing they have N15.32 as their price per share, it would be a nice good investment if you do.

N/B: As a beginner in this field, it’s much easier to invest in startups but don’t fall into such temptation as the result are highly unpredictable, you do not want that.

Now after finding a standard firm to invest with, what next?

2.      Find an Expert trader

To invest in Nigeria stock exchange will require you to be guided by experts in the field. The best place to find expert traders are in broking houses. There are lots of these houses in the country but some of the best are; Meristem Registrars Limited, BGL limited, GTI Capital Limited, and so on.

I will write about these top brokers in my future blog post.

These firms listed above houses some of the best traders in the Nigerian stock exchange market today and you should check out any of them.

3.      Now, Invest!

Committing money into any business is a critical decision that should be well thought out, the same goes with investing in Nigerian stock exchange (NSE). The stock market is characterized by fluctuation of prices, as price of company’s stocks are affected directly or indirectly by certain factors of the economy.

There are lots of risks involved in stock trading, especially as a beginner so one of the best counter measures for this is to invest in mutual funds. This type of funds is sold publicly in form of shares, it’s gotten from many companies. With this type of investment your risks are minimized.

When starting out, you’d want to get registered with a stockbroking firm in Nigeria, some of the best are listed earlier.

The main reason for this is that, you can’t just buy stocks and start trading on your own, the stockbroking firm will give you an account which would be funded with some money – basically money you’d be using for trading.

It’s also the duty of this firm to trade on your behalf, but it can’t be done without your permission. There are certain charges on your account by this firms, but not to worry the prices don’t vary as it’s regulated by SEC.

With all this in place, you could start buying and selling of company’s share listed on the NSE floor, this is done with the aid of your stockbroker. They’ll let you know if a share is cheap or expensive; they are experts, so they understand the terrain that comes with investing in Nigerian Stock exchange (NSE) much better than you currently do.

At some point, you may be required to hold your stocks, this is because the share prices have been predicted to rise in the future and this will bring you profit.

·       5 Best Stocks to buy at the Moment in the Nigerian Stock Exchange

  • Access Bank

Since the merger with Diamond bank, Access has seen increased growth in its net profit and also interest profit. With this in the radar, experts believe that investing now will yield a good amount of profit in few months’ time.

  • Dangote Sugar Refinery

A lot is expected from this outfit as we head into the new year and this is the right time to invest in such a reputable firm – although quite new in the industry, there’s no present competitor at the moment and this is a good sign.

  • Jaiz Bank

Not your conventional commercial bank, but this Islamic bank has grown over the last few years to what investors can proudly put their money on. In 2019, the bank has grown in all aspects and yes, it’s one of the best places to invest in.

  • Cadbury Plc

Cadbury is the manufacturer of some of the popular food beverages in the country and when 2019 is put in retrospect, Cadbury group has seen growth in its share prices and it’s best you invest now.

  • Chams Plc

For users of smartcards you’d be familiar with Chams Plc – a business entity that provide smartcard facility for businesses and corporations. In 2019 alone, a 52% growth has been witnessed by the firms and experts believe the best time is now.

So that’s it – How to Invest in Nigerian Stock Exchange (and make profits!)

The stock exchange market, especially the Nigerian Stock Exchange could be a really complicated market – not your usual marketplace! This tips above will surely help you navigate its murky waters easily.

Kindly share with your friends if you found this great.

My name is Stephen Gbolagade, people say I'm a multi-skilled guy. I guess maybe because I'm a Blogger, Website Designer, SEO specialist, Content Writer, Business coach, Digital Marketer, and Self-taught Frontend Developer. But what do I have to say about myself? My contents, personality, and services will say and prove the person I am to you. __________________________________________________________________________ You can hire me for Music Promotion, Website Design or Blog Setup, Marketing and any Digital-based tasks! __________________________________________________________________________ Contact me here on Facebook :: Instagram :: WhatsApp __________________________________________________________________________ If you're inspired by me and think it's necessary to buy me a cup of coffee, you can give me a tip HERE 👌

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Buycoins Review: Easiest Way to Buy, Sell, Store & Trade Cryptocurrency in Nigeria

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Is Buycoins legit and is it the easiest crypto exchange app in Nigeria?

Maybe at a point while surfing the internet for the best apps to buy or sell your Bitcoin and other crypto assets in Nigeria, you came across Buycoins and you’re wondering if the platform is legit or scam.

And if it’s legit, how can you buy and sell easily on Buycoins?

In this blog post, I’m going to answer these questions.

Not just that, I will also show you how you can make money on Buycoins by simply doing small tasks.

If this is the first time you’re hearing the name “Buycoins”, you may want to know what the platform is all about, isn’t it? Okay, let me give you short overview about the company.

About Buycoins

Buycoins (or Buycoins.africa) is a crypto exchange platform in Nigeria where you can buy, sell, store and even trade some cryptocurrencies such as the famous Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and few others.

But Is Buycoins Legit or Scam?

Buycoins is 100% legit.

I’ve been using the platform for about 2 years and I can tell you that Buycoins is tested, and trusted.

Although before I got to know of Buycoins, I have been using Okex and Luno apps, but on getting to Buycoins, I have no choice than to fall in love with the platform.

What are the things that makes Buycoins stands out?

Pros of Buycoins: Why Should I Use Buycoins.Africa?

I’m going to make the points clear but simple. Below are the reasons why I’m using and vouching for Buycoins;

·         Clean and Easy to Navigate Website & Apps

Buycoins.Africa did a great job on the user interface (UI) and users’ experience (UX) of their products (the mobile apps and website). Everything is simple, clean and direct.

Buycoins Review

To be honest, other competitors are doing great jobs on UI/UX but the simplicity of Buycoins is on point. If you’re new to Crypto of things, you won’t get lost as the platform is self-explanatory and simple to use.

·         Easy ways of Funding Your Account

Funding your Buycoins account is very easy from day one, as you can send money from your bank account to your Buycoins generated account number (Providus).

But Remember that CBN ban banks in Nigeria against anything cryptocurrency. As a result of this ban, some exchange platforms who operates in Nigeria are faced with the issue of how their customers will be depositing funds in their account.

Fortunately, Buycoins is one of the first platforms that came with a solution. Now, you have multiple ways of funding account with Naira from your banks.

You can’t fund your account on some platform (like LUNO) till date because of that CBN ban, but that’s not the case on Buycoins.

·         Withdrawal is easy too

Just like it was easy to fund your account with Naira, you can withdraw your money in Naira on Buycoins to your Nigeria’s bank account without falling for P2P scams which frequently happen on Binance, Okex etc.

·         Customer Care Response is very Fast!

I once had issues on my account but I got them solved in the blink eyes just because of the fast customer care representative.

Till now, Kuda Bank is still ghosting me, I contacted them on Live chat, e-mail and Twitter, I’ve got no response.

Personally, I like a company who invests on their customer care team. That’s the reason I keep using JUMIA for shopping despite the frustration I’m personally facing with them.

RECOMMENDED: 5 Ways to Make Money on JUMIA

And because of fast and patient customer care support, that’s why I chose to Heroshe to ship from USA for me instead of ShopToMyDoor.

If you’re a curious person like me, and/or you want to get fast solution any issue you may face using a product or service, then you should look for a company with good and fast customer care team.

That’s why I choose Buycoins and I think you should do the same. (Click here to start)

·         The Founding Team

Well, maybe this is not necessary to you. But to me, it means a lot.

I’ve not met the founding team of Buycoins.africa face-to-face, but they’re quite famous especially on Tech twitter, Tech or Entrepreneurship News on Africa.

Timi Ajiboye, Tomiwa Lasebikan and Ire Aderinokun are the frontliner of Buycoins and other related companies. (you can google the names tho).

The founding team members are Nigerians, so they understand what we need better unlike some alien companies (other are trying too, but “Abinibi yato si Ability” – Naturality differs from Ability or artificial).

·         Ability to Trade on Buycoins

For years, we depend on using foreign platforms like Binance, Okex, Kukoin, Bitmex etc., to trade cryptocurrency.

That’s not really a problem. But the problem is “How to Easily Fund the Account”.

We know a way we use manual peer-to-peer exchange and then send to the foreign trading apps. The stress, the fees and the exuberant interface is a headache to, especially newbies.

But gladly, we can now Trade easily on Buycoins on the Buycoins Pro app.

And that’s also a milestone too. Buycoins is one of the first to Nigerian crypto’s company to achieve that. We may totally ditch the foreign apps and use Buycoins Pro to trade easily.

·         Zero Transaction Fees

If you’ve bought or made a transaction on Binance or LUNO or any other platform, you will understand what I mean. I mean the transaction fees on those apps are very high!

But on Buycoins, transactions are free!

You only pay the network fees.

I don’t need to explain too much, sign up for Buycoins and see these features yourself.

·         Reliable P2P Trading System

In cryptocurrency space, you’ll be dealing with 90% of people you don’t know if you want to buy or sell using Peer to Peer (P2P) which you can’t even escape.

While dealing with these anonymous people, you can be scammed easily. And once you’re scammed, that’s the end.

It’s unfortunate that, as big as Binance and Okex are, they haven’t curb scamming on their P2P system, which they can’t really because they can’t control the system totally (i.e. they’re decentralized).

But on Buycoins, you have nothing to worry.

Most of the buy and sell orders on Buycoins are P2P but you may not notice as everything will be taken care of, for you.

Cons of Buycoins: What are the Downsides of Buycoins?

As good as this platform is, we shouldn’t see any downside, right?

But I’m afraid to remind you that nothing is perfect in this our planet earth.

So, what are the downside of Buycoins? They are;

·         They Still Need to List Some Coins!

I don’t know the processes behind listing coins on both exchange or trading platforms. But whatever the processes are, I know they’re not easy.

Maybe that’s why there are not enough coins listed on Buycoins.

But popular coins like BTC, ETH, LTC, XRP, USD Coin and USDT are there. And recently, the likes of DOGE, Chainlink, Cardano, Stellar, Binance Coin are added.

I know as times goes on, Buycoins will have lot of listed coins like Binance.

·         Not all Nigerian Banks are supported

We have more than 20 banks in Nigeria, but you can only fund or withdraw to less than 10 banks.

Nigerian Banks available for Deposit and Withdrawal on Buycoins

  1. GT Bank
  2. Kuda Bank
  3. Access Bank
  4. FCMB
  5. ALAT (WEMA Bank)
  6. Abeg App
  7. Fidelity Bank
  8. Diamond Bank (Acquired by Diamond Bank tho)
  9. Zenith Bank

If you’re not using any of these banks, then you can’t fund or withdraw with Naira. ☹️

But the good news is that, you can easily join the Abeg App or Kuda Bank easily.

That’s it about Buycoins.

Now back to the previous question; is Buycoins the Best in Nigeria; Is it legit or scam?

Buycoins is the easiest exchange app in Nigeria, it is the best and it is 100% legit!

If by now you’re interested in using Buycoins, the next question you may want to find answers to is;

How to Get Started on Buycoins?

  1. Click here to sign up for FREE;
  2. Put a correct email address and click on “continue”;
  3. A verification link will be sent to that email address, to and verify;
  4. Login to your Buycoins account;
  5. Upgrade your account (Click on “Verify Identity”): Add Bank account, BVN and Phone Number;
  6. Set up 2-FA for security sake;
  7. You can now deposit and start using Buycoins!

Important Notice:

  • First, your BVN is safe; It’s just to verify your information.
  • Make sure you add all your bank accounts (linked with your BVN)
  • Make sure you deposit ONLY from your bank accounts added.
  • If you mistakenly deposit from any other bank, your account will be locked and you’ll need to do another verification to unlock it. Hence, add all your account numbers and only deposit from your added account numbers.
  • You can only withdraw to your added accounts number too (if available for withdrawal).
  • For easily transactions, download and use the mobile apps

I told you earlier that I will show you how to make money on Buycoins right? Let me fulfil that promise now 😉

3 Ways to Make Money on Buycoins Africa

1.      P2P Trading

You can buy coins at low price and sell at higher price on Buycoins’ P2P trading platform.

Let’s say you have N100,000 in your bank and the current BTC price is $41,000. You can buy N100k worth of BTC and quickly sell on P2P maybe when BTC hit $42k.

That’s called swing trade. You might not make big money, but you will definitely see earn few bucks

2.      Coin Lock

Aside from quickly buying and selling coins on the P2P platform, you can also earn money by locking your coins for a certain period of time.

Let’s say you’re saving in Ethereum. Instead of just stacking Ethereum like that, you can lock it and earn money.

You’ll earn 12% interest of whatever you locked.

If you locked N100k, 12% interest on it is N12,000!

3.      Buycoins’ Refer and Earn Program

This is another sure way to make money on Buycoins, all you have to do is refer your friends to join Buycoins and when do they that, you’ll be paid N1,000 for each person.

Buycoins - Referral Apps to Make Money in Nigeria

If you’re able to refer like 20 people, that’s N20,000 for you.

NOTE: Those people you referred must complete their sign up, deposit at least N5,000 and trade up to N10,000 on Buycoins before the money can be released to you.

Conclusion: Buycoins is LEGIT and the Easiest Platform in Nigeria

So that’s all about Buycoins Review and how to Easily Buy, Sell, Store and Trade Cryptocurrency in Nigeria.

If you have any question, kindly use the comment box below. Subscribe and don’t forget to share this with someone, it will take you few seconds (please do that)

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HOG Furniture Review: Trusted Online Shopping Store?

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HOG Furniture

Few weeks ago, I was trying to get a particular office chair for my workspace, then I stumbled on HOG Furniture. Just like you, I was doubting if HOG Furniture is reliable or not; as I’m pretty much familiar with the likes of Jumia and some other shopping stores in Nigeria.

Finally, I took the risked, placed an order and pay for the office chair.

But with respect to my experience in online shopping, and with HOG Furniture, is the company really the best online shopping store for furniture or homewares in Nigeria as they claimed?

I will answer that question right in this blog post.

But kindly note that this is not a sponsored post and I’m not promoting HOG Furniture. I’m just sharing what I’ve personally experienced.

Now, let’s start!

About HOG Furniture

HOG Furniture website

HOG Furniture is an online shopping store in Nigeria, primarily dedicated to home and office wares.

In simple term, the company deal with selling of stuffs like chairs, table, desk, cabinets, wardrobe, rug, carpet etc. And one more thing;

They also deal with Auctioning, cleaning and maintenance services.

Benefits of Using HOG Furniture

  • Competitive and Affordable price
  • Fast shipping
  • Fast customer care response
  • Anyone can become a vendor
  • You can refer people and earn money
  • Flexible payment options
  • 7-days refund policy (too low tho)
  • You can get discount
  • etc.

Is HOG Furniture Legit or Scam?

HOG Furniture is legit. They are in business since 2009, that’s about 12 years (as at the time of writing this blog post). They have no record of scam.

If you’ve been scammed by HOG Furniture in one way or another, kindly use the comment box below to share your story with us and we will be glad to publicize it in order to save someone outside there.

But personally, I have no issue of scam with HOG Furniture.

How to Buy Stuffs on HOG Furniture

  1. Visit their website: https://hogfurniture.com.ng/
  2. Sign up and complete your profile
  3. Search for, and add your product to Cart
  4. Proceed to Pay
  5. After payment, wait for your items to be delivered to you.

That’s pretty eazzy, isn’t it?

But I will advise you to chat with them first before you place order. Before I placed my order, I had to chat with them on WhatsApp to know the shipping process and some other questions.

ALSO READ: How to Buy and Ship from USA Store to Nigeria

Now, let’s talk about HOG Furniture if they’re really the best online shopping store for furniture in Nigeria.

Is HOG Furniture the Best Online Shopping Store in Nigeria?

Well, I can’t categorically say YES or NO. But to be honest, they’re trying.

If they’re not the best, they should be among the top 5 in homeware or furniture store in Nigeria (as you know we have the likes of popular sites like Jumia, Konga and Jiji).

But notwithstanding, below are what I experienced with HOG Furniture;

Pros of HOG Furniture

1.      Good Customer Care Support:

I ask questions a lot, especially if we’re dealing for the first time. The response rate of the support team is fast. And you have a flexible way of chatting with them, which is through “WhatsApp”.

They also follow up by calling you.

2.      Affordable Shipping Fee:

Their shipping fee is not expensive, but I won’t tell you how much they charge as the fee is not fixed, it varies with respect to how heavy your item is, and how far your location is.

SO, I’ll advise you to talk to the customer care rep to know your standing here.

3.      Fast Delivery

This is what I really like the most of all the reasons why I like HOG furniture.

Let me confess this;

Before I ordered for my office chair on HOG Furniture, I have earlier ordered for the same chair on Jumia, I waited for about 11 days for it to be delivered. Unfortunately, Jumia cancelled the order without any reason given.

I mean, after waiting for 11 days!

Well, I went to HOG Furniture, placed order for the same office chair and after 4 days, I got my chair!

4.      Large Inventory of Items

You have thousands of items available for you.

Okay, let’s me also talk about the downside which I hate;

Cons of HOG Furniture

1.      Bad Delivery Handling

This really got me annoyed.

I expected HOG Furniture to be able to handle Delivery without stressing the customer (just like how Jumia and co does).

The day when they told me the items will be delivered to me elapsed without getting the item, that doesn’t annoy as I believe maybe something happened. So, I was expecting it another day.

Then suddenly one day, a man called me, telling me to come “immediately now” for my package because he’s going out.

And I was in the middle of an important meeting when he called.

He should have informed me in the morning before he got to my place. Well, I left the meeting and rushed to pick the items and I thought 30 minutes will be okay for me to take leave and return to the meeting later.

After getting to the pickup destination, the man asked me to pay for delivery before I pick the item.

I’ve paid for everything including the delivery fee, why do I need to pay again?

I had to call HOG Furniture to sort it out.

They delayed me for more than an hour there, before HOG Furniture send the delivery money to the driver.

Imagine what I lose that day because of poor delivery handling by HOG Furniture.

They should have:

  • Inform me earlier before the delivery agent got to my place
  • They should have paid the delivery fee and not waste my time with that.

I don’t know why they can entrust package worth N85,000 to a driver and can not entrust him with just N5,000 for delivery.

HOG furniture needs to fix this!

2.      Incomplete Package

Buying an office chair from HOG Furniture was not my first-time buying office chair. And I know what must be included in the package.

Maybe it was a mistake or intentional, I didn’t receive the Manual to install the chair, L and key screwdriver to assemble and tighten the chair.

With these two important items missing, I got annoyed too.

But they later send some DIY videos to replace manual, but I have to look for the “scarce” L and Key screwdriver myself.

HOG Furniture needs to be sure they package the complete items together before sending it out for shipping.

3.      Low ratings on products

You know rating is very important, that will help you make decision judiciously. But the products on HOG Furniture website has very low rating, and that may confuse you on knowing a trusted merchant or a scammer.

Maybe this is not HOG Furniture’s fault. Most people don’t care about dropping review unless the product come short of their expectation.

BUT they should try and get ratings and reviews, it builds trust!

So, Is HOG Furniture the Best in Nigeria When it comes to Furniture?

With the personal experience I shared above, I can’t really say.

And don’t be discourage, HOG Furniture is legit and their delivery is very fast. They just annoyed me slightly with the poor delivery handling stuff.

If you want to buy any item on HOG, go ahead.

If I were to rate them, I will give them 7/10. They should work on getting better.

In the future, I will still buy item(s) from HOG Furniture and see if they’ve improved or not; by then, I’ll update this blog post with my experience.

So here you go, HOG Furniture is still one of the top 5 online stores for Furniture in Nigeria!

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Heroshe Review: How to Buy and Ship from USA to Nigeria

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Heroshe Review - Buy and Ship from USA to Nigeria

Do you want to know if Heroshe is affordable, legit or scam?

Or maybe you want to know how you can buy (items) and ship from USA to Nigeria with ease using Heroshe to bridge the gap, then this blog post is for you.

Before we go into the review and how to buy/ship from USA to Nigeria, kindly note that I’m writing not from “mere” perspective or online reviews. But I’m writing out of my personal shopping experience from USA to Nigeria with Heroshe.

Heroshe, Heroshe… If this is your first time hearing that name, you may be wondering if it’s a name of person or company. And if it’s a company’s name, what to do they do in particular?

Okay, I got you! Let me use this opportunity introduce you to Heroshe;

About Heroshe

Heroshe is a logistics company that helps in procurement and shipping of items from USA to Nigeria.

To break it down, Heroshe can help you buy items from any USA stores like eBay, Amazon etc., and help you get the purchased items to Nigeria (Lagos state warehouse or your immediate city).

Heroshe - Get USA Address in Nigeria

If you have had trouble getting some items from USA before, Heroshe promises to make your next shipping a good and worthy experience.

Benefits of Using Heroshe

  • Free USA address where to can use as delivery address on any store
  • Free $2 or N1,000 when you sign up
  • Fast shipping
  • Affordable shipping
  • Good tracking system
  • Back-to-Back follow-up via email

But is Heroshe Scam or Legit?

Without mincing a word, Heroshe is legit!

Hey… hey, you’re thinking that the answer should be “maybe” just like other reviews about Heroshe says. I’m not going to follow that trend, I’ll just say the truth because I’ve used tested Heroshe and I now trust them.

This is not a sponsored post, but speaking from my experience with them.

Before I start using Heroshe, I have tried different logistics companies to help me procure and ship my items from USA to Nigeria, but in one way or another, I regret because they lack something, which Heroshe doesn’t.

If you’re thinking of using Heroshe for your next shipping from USA to Nigeria and you don’t know how, I highlight 11 simple steps to use Heroshe; either for the Buy for Me service, Ship for me service or BOTH. But now, let’s talk about why think Heroshe is the best so far;

Heroshe Review: features that make Heroshe Stands Out?

When I compare Heroshe with other companies have used or tried to use, I found out the Heroshe is best and here is why;

1.      UI/UX: Clean and Easy to Navigate Website

Heroshe’s website is clean, easy to navigate and very responsive.

Unlike a logistics website I visited, they are showing desktop view on mobile, which is annoying. Imagine how you will need to use you fingers to enlarge before you can see the texts on the website.

And some websites have annoying pop ups.

While another has lot of information squeezed on the homepage (and in smaller font sizes).

On Heroshe’s, you won’t miss your way as everything on their website are perfectly worded and arranged. No long text or confusing pages. The website is just straight forward.

2.      Live Chat Support

I’m a kind of someone who ask questions a lot and my curiosity must be satisfied before I proceed on doing something.

Some companies use email or phone call for their customer support service but they forget to realize that live chat option is very powerful!

Heroshe got a win here.

I’m not guaranteeing that you will get quick response like within 5 minutes because the time zone of the available customer care or sales rep may be different from yours, but I know they replies as soon as possible.

3.      Responsive Customer Care Service

I was eventually thinking of using ShopToMyDoor (ShipToNaija) to procure and ship my items from USA to Nigeria, but to be honest, their customer care service is horrible.

I don’t know maybe they thought I was joking or not serious, but they snubbed me for weeks even though I was chatting with them on WhatsApp (as that’s their official place to converse with customer).

The snubbing hit me hard to be sincere.

I immediate get to Heroshe, asked my questions on Live Chat and I receive responses which was onboarded till I finally agree to go with Heroshe.

For customer care service, Heroshe is your best plug if you need a company to help you buy and ship from USA to Nigeria.

4.      Affordable Shipping Fee

When I say affordable, I don’t mean Heroshe is the “cheapest” but their price is reasonable.

And that raise the question;

How much does Heroshe Charge for Shipping?

Heroshe charge $2 (or its equivalent in NAIRA) per Lbs. to ship from USA to in Nigeria.

But that’s just shipping fee from their USA warehouse to Nigeria warehouse which is in Lagos state. If you reside in Lagos, you can visit Heroshe warehouse to pick up your items for FREE.

If you’re not in Lagos state and you want to pick your items in your town or city, you will pay additional $10 for that. And your items will be waybill from Lagos to your place (either Ekiti or Kaduna).

But note that the $2 shipping fee from USA to Nigeria is not fixed as some items may attract additional fee (They’ll let you know if you need to pay more).

How many days does Heroshe Shipping takes?

According to Heroshe, it will take 8-14 days after items has been delivered to their USA warehouse and your shipping payment.

But hey, it’s not so!

My items got to their USA’s warehouse on June 28th and I pay for the shipping on the same day but received them on July 22nd. Well, that’s about 24 days.

Well, I don’t know the reason why it was like that, but I can guess maybe weekends and holidays are not included in their “8-14 days”.

But anyways, I got my items intact 👌

Now, the last reason feature;

5.      Flexible Payment Options

If you want to pay for your items and shipping fee with your ATM card, you can easily do that on Heroshe’s website using the Paystack payment gateway.

You can also pay using PayPal which is a great deal for people like me.

Note that you can’t pay for your items on Amazon directly with PayPal, but if you use “Heroshe: Buy for Me” service, you’ll just pay Heroshe with PayPal and they’ll help you sort it out.

Which one is “Heroshe: Buy for Me”? okay, let’s talk about it

Heroshe Services

Kindly note that Heroshe offers two different services which you need to be aware of, they are;

  1. Heroshe: Buy for Me
  2. Heroshe: Ship for Me

Although the services are self-explanatory, but let me say something about them just in case you need clarification.

·         Heroshe: Buy for Me

Let’s say your card is declined when you tried to checkout or complete payment on any USA store (which happens), or you want to pay using other method such as PayPal, you can use the Heroshe “Buy for Me” service and Heroshe will help you procure the items on your behalf.

You will send the money to them, they’ll help you buy the items.

How much do Heroshe charge for procurement or “Buy for me” service?

Heroshe charge 20% of whatever you’re paying for the items.

Let’s say the total item you want to buy cost $200, you’ll pay them additional 20% of $200 which is $40. Which mean, you’ll pay the total of $240.

Or let’s say you’re dealing with Naira, your total items cost N100,000, you’ll pay additional N20,000 (20% of 100k), and that totaled to N120,000.

Pretty cool for me tho.

Contact the customer care rep before you use this service, because in my own case, it was slightly different.

·         Heroshe: Ship for Me

This is another service which you’ll need to pay for.

They’ll help you ship your items from USA to Nigeria and it cost $5 per pound or $5 per 0.545Kg.

heroshe pricing

Kindly note that Heroshe round up number(s) to the nearest whole number. For instance, 6.3kg will be 7kg, 12.7kg will be 13kg and so on.

Also note that the shipping fee you’re paying cover VAT, Custom duties, clearing fees and taxes.

Which to me it’s affordable.

After your package is delivered to Nigeria, you can go and pick it up for free in Lagos or pay additional $10 for Home (Door to door delivery).

Now, let’s talk about how to get your items from USA to Nigeria with Heroshe!

Heroshe: How to Buy and Ship from USA to Nigeria

  1. Sign up here: https://myheroshe.com/Auth/Signup

(Note: You can sign up with Google, it’s very fast and easy).

  1. Verify your account; you’ll receive an email from Heroshe to this effect
  2. After verifying your account, sign in to your dashboard or click here: https://myheroshe.com/auth/signin
  3. Update your personal data: Go to “Settings” >> “Profile”
  4. Then enter your house address: Go to “Settings” >> “Delivery Address”

(You have a USA address when you sign up successfully, all you have to do is copy the address and save it somewhere)

  1. Buy your items:

Go to any USA store you like, such as Amazon and sign up (or login), then on your profile settings, change the address to the one on your Heroshe dashboard.

Note: You need to use your REAL name on the USA store, only the address will change to the one given to you by Heroshe.

After you’ve bought your items and pay, the store will send those items to your USA address (Heroshe warehouse in USA) and you’ll follow up with the tracking ID and your dashboard.

  1. If you can’t pay for the items on the USA store, use Heroshe Buy for Me service

Note that, you’ll pay additional 20% of what you’re buying as explained above.

(NOTE: Contact the customer care rep before you use this service)

  1. Be patient for the USA store

After placing your order(s) successfully on the USA store (let’s say AMAZON.com), you will have to wait till they deliver the items to Heroshe warehouse.

You can track the items using the tracking ID giving to you. (In my own case, I didn’t track)

  1. Verify if the items reach Heroshe

Go to your Heroshe dashboard after 48hrs of placing the order on the USA store, click on “Shipment” to see the items you ordered for, are there. If they’re there, go to the next step;

  1. Pay for your shipping;

Heroshe will help you calculate the weight and cost, then you’ll pay for the shipping.

To pay, go to Heroshe Dashboard, then to “Wallet”, click on “Add money” to pay with your ATM card (powered by Paystack), or with PayPal.

After you pay for the shipping, Heroshe will send an invoice to you immediately which you’ll see in the email address registered with Heroshe.

  1. Start counting days;

Wait for your items to be shipped to Nigeria and pick it up at Heroshe Lagos warehouse for FREE or, if you’re not in Lagos, don’t forget to pay for additional $10 (Home delivery) while paying for the shipping (at Number 8).

  1. If you pay for home delivery, someone (which can be DHL or FedEx agent) will call you when you item get to your area (town or city). Go and pick it up
  2. Happy shopping!!!

So, that’s simply the steps to Buy and Ship form USA to Nigeria using Heroshe.

Other things You Need to Know About Heroshe

Heroshe is against fraud.

So, if you’re thinking of scamming someone maybe by luring someone to use his/her credit card to buy items in a USA store for you, and Heroshe will ship to you here in Nigeria, then you’ve got the wrong idea as you’ll be arrested.

So, that’s all about Heroshe and its Review

Will you try Heroshe on your next shopping? If yes, then you’ve made a wise decision.

And if No, can you tell me if there’s any other company better than Heroshe. Use the comment box to share the company with us and we’ll check it out.

If you have used Heroshe, kindly share your experience with us using the comment box. And don’t worry, you can share your negative experience too, it might help someone.

If you need more information, kindly check out Heroshe.com, check the about page, contact page, FAQs and if you still need help, use the live chat to contact them.

REMEMBER: This post is not sponsored by Heroshe or used to promote Heroshe, but this blog post is as a result of the service I enjoyed from Heroshe.

Do you know that one of your friends or family members and even someone you don’t know may want to buy and ship items from USA to Nigeria but stuck on how to start or which company to use?

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