Last Updated: April 2026

Applies to: The website at www.networkcapitalltd.com (the “Website”). These terms do not govern the use of Netcap Trader, which is a separate trading application with its own terms and conditions.

1. Who We Are

Network Capital Limited (“we”, “us”, “our”, “NETCAP”) is a stockbroking firm registered and regulated by the Securities and Exchange Commission of Nigeria. We hold a Trading License from the Nigerian Exchange Limited. Our company registration number is RC 949815, and our registered office is at 13 Maitama Sule Street, Southwest Ikoyi, Lagos, Nigeria.

2. Acceptance of These Terms

By accessing or using this Website, you agree to be bound by these Terms of Use. If you do not agree with any part of these terms, you must stop using the Website immediately.

These terms may be updated from time to time. The “Last Updated” date at the top of this page indicates the most recent revision. Continued use of the Website after a revision constitutes your acceptance of the updated terms.

3. What This Website Is and What It Is Not

This Website provides information about Network Capital Limited’s services, published research, market data, investment tools, and account opening facilities. The Website is not a trading platform. All trading activity is conducted through Netcap Trader, our separate online trading application, which has its own terms and conditions provided during registration.

Nothing on this Website constitutes investment advice, a personal recommendation, or an offer to buy or sell any financial instrument. All content is for informational and educational purposes only. Please refer to our Disclaimer for full details.

4. Eligibility

This Website is intended for use by persons who are at least 18 years of age. By using the Website, you represent that you are 18 or older and that you have the legal capacity to agree to these terms.

Certain areas of the Website, such as account opening and research library access, may require you to provide personal information. You are responsible for ensuring that all information you provide is accurate, current, and complete.

5. Account Opening Applications

The Website includes a digital account opening application form. By submitting an application, you confirm that:

  • All information you have provided is true, accurate, and complete.
  • You understand that Network Capital Limited will forward your application and BVN to the Central Securities Clearing System (CSCS) for identity verification and account creation.
  • CSCS performs the BVN verification. We do not perform real-time BVN lookups on this Website. If your BVN does not match the name on your application, CSCS will reject the application, and you will need to rectify the discrepancy.
  • Submission of an application does not guarantee account approval. All applications are subject to our compliance review and CSCS verification.
  • You consent to the collection and processing of your personal data for the purposes described in our Privacy Policy, including regulatory reporting obligations under the Investments and Securities Act 2025 and the Money Laundering (Prevention and Prohibition) Act 2022.

6. Market Data and Research Content

The Website displays market data, including end-of-day stock prices, index values, sector performance, bond yields, and ETF returns. This data is sourced from our internal analytical pipeline, the NGX Daily Official List (with attribution), and embedded TradingView widgets.

End-of-day data is uploaded by our operations team after each trading session and may not reflect trades executed after our upload window. Data displayed through TradingView widgets is subject to TradingView’s own data refresh schedule and terms of service.

Research publications, including daily market commentary, equity notes, sector reports, and macroeconomic analysis, represent the views of our research team at the time of writing. These views may change without notice.

You must not rely on any data or research on this Website as the sole basis for an investment decision. All data and content are subject to the limitations described in our Disclaimer.

7. Investment Tools

The Website offers interactive tools, including a Transaction Fee Calculator, a Wealth Projection Calculator, and a Stock Screener. These tools are provided for informational and planning purposes only.

The Wealth Projection Calculator uses assumed rates of return that may not reflect actual market performance. Projected values are estimates, not forecasts, and should not be treated as indicative of any expected investment outcome.

The Fee Calculator reflects the current published fee schedule. Actual charges on any transaction may differ slightly due to rounding, trade execution timing, or changes to the fee schedule.

8. Intellectual Property

All content on this Website, including text, research reports, data analysis, charts, graphics, page layouts, logos, icons, images, and underlying software code, is the intellectual property of Network Capital Limited or is used under licence. All rights are reserved.

You are permitted to view, download, and print individual pages for your own personal, non-commercial use, provided that you do not alter or remove any copyright, trademark, or other proprietary notices.

You may not, without our prior written consent:

  • Reproduce, republish, or redistribute any content from this Website, whether in print or digital form.
  • Use any content from this Website for commercial purposes, including incorporation into other websites, publications, or marketing materials.
  • Systematically download, scrape, or extract data from this Website using automated tools or manual bulk collection.
  • Frame, mirror, or create derivative works from any part of this Website.

9. Acceptable Use

You agree not to use this Website:

  • In any way that breaches any applicable Nigerian law or regulation, including the Cybercrimes (Prohibition, Prevention, etc.) Act 2015.
  • To transmit any material that is unlawful, harmful, threatening, abusive, defamatory, or otherwise objectionable.
  • To transmit any unsolicited commercial communication (spam).
  • To introduce viruses, Trojans, worms, or other malicious software.
  • To attempt to gain unauthorised access to the Website, the server on which it is hosted, or any connected database or system.
  • To interfere with the proper functioning of the Website or any other user’s experience.

10. User-Submitted Content

Where the Website allows you to submit content (for example, through a contact form, callback request, or account application), you grant Network Capital Limited a non-exclusive, royalty-free licence to use, store, and process that content for the purpose for which it was submitted.

You must not submit any content that is false, misleading, defamatory, or infringing of any third party’s rights.

11. Restricted Access

Certain areas of the Website, including the admin panel and gated research content, are restricted to authorised users. If we provide you with login credentials, you must keep them confidential and must not share them with any other person.

We reserve the right to disable any user account at our sole discretion, without notice, if we believe these Terms of Use have been breached or if we suspect unauthorised or fraudulent activity.

12. Third-Party Services

This Website integrates third-party services including TradingView (market data widgets), Tawk.to (live chat), Google Analytics (website analytics), ExchangeRate-API (currency rates), and Cloudflare (security and performance). Each of these services operates under its own terms and privacy policies, which we encourage you to review.

We do not control these third-party services and are not responsible for their availability, content, or data practices.

13. Privacy and Data Protection

We process personal data in accordance with the Nigeria Data Protection Act 2023 (NDPA). Full details of how we collect, use, store, and protect your personal information are set out in our Privacy Policy, available on the Website.

By using this Website and providing personal information (including through account opening forms), you consent to the collection and processing of your data as described in the Privacy Policy.

14. Limitation of Liability

To the maximum extent permitted by Nigerian law, Network Capital Limited shall not be liable for any loss or damage arising from your use of this Website, including but not limited to loss arising from investment decisions, reliance on data or research content, service interruptions, or security breaches.

We do not exclude or limit our liability for death or personal injury caused by our negligence, fraud or fraudulent misrepresentation, or any other liability that cannot be lawfully excluded under Nigerian law.

15. Indemnity

You agree to indemnify and hold harmless Network Capital Limited, its directors, officers, employees, and agents from and against any claims, damages, losses, or expenses (including reasonable legal fees) arising from your use of the Website, your breach of these Terms, or your infringement of any third party’s rights.

16. Severability

If any provision of these Terms of Use is found by a court of competent jurisdiction to be invalid, illegal, or unenforceable, that provision shall be severed from these Terms of Use and the remaining provisions shall continue in full force and effect.

17. Governing Law and Dispute Resolution

These Terms of Use are governed by the laws of the Federal Republic of Nigeria. Any dispute arising from or in connection with these terms or your use of the Website shall be subject to the exclusive jurisdiction of the courts of Lagos State, Nigeria.

Before commencing any formal proceedings, the parties agree to attempt to resolve the dispute through good-faith negotiation. If the dispute is not resolved within 30 days, either party may refer the matter to arbitration in accordance with the Arbitration and Conciliation Act (Cap A18, Laws of the Federation of Nigeria 2004).

18. Contact Information

If you have questions about these Terms of Use, please contact us:

Address: 13 Maitama Sule Street, Southwest Ikoyi, Lagos, Nigeria

Phone: 0706 200 2333

Email: info@networkcapitalltd.com