Guide · Updated October 2026
How to buy US stocks from Nigeria
Yes, you can own Apple, Nvidia or the S&P 500 from Nigeria. Here’s what you need to know before you start.
The rules
- Nigerians commonly buy US stocks through local apps that hold US brokerage accounts.
- Funding is in naira or dollars; watch the exchange rate the app uses, it can differ from the official rate.
- Nigeria has no tax treaty with the US, so US dividends are withheld at 30%.
Step by step
- 1Pick a platform that accepts residents of Nigeria.
- 2Verify your identity (ID and a selfie).
- 3Fill in a W-8BEN form so you pay 30% on US dividends.
- 4Add money in NGN or USD. Check the exchange rate and deposit fee.
- 5Buy a stock or ETF. Fractional shares let you start small.
US dividend tax
30%
US tax on gains
0% for non-residents
Biggest hidden cost
Exchange rate
Your options today
- Nigerian investing apps that offer US stocks (for example Bamboo, Risevest or Trove)
- International brokers that accept Nigerian residents
A simpler way is coming: Octaze
US stocks and ETFs from $100, from Nigeria and across the globe.
First 500 get zero fees for 6 months · 497 spots left
Questions
Can I buy US stocks from Nigeria?
Nigerians commonly buy US stocks through local apps that hold US brokerage accounts.
How much US tax do I pay on dividends from Nigeria?
30%. There is no US tax treaty, so the default 30% applies.
What is the minimum to start?
Many platforms offer fractional shares, so you can start small. Octaze will let you start from $100.
General information, not financial or tax advice. Rules change, so confirm with your bank or a tax adviser. See also the what-if calculator.