How to Buy MTN Nigeria Shares in Nigeria
How to Buy MTN Nigeria Shares in Nigeria revealed. We tested and verified the best way to buy MTN Nigeria Stock in Nigeria.
This is a complete guide on how to buy MTN Nigeria Stock in Nigeria.
In this in-depth guide you’ll learn:
- What is the MTN Nigeria Share?
- What is the benefit to buy MTN Nigeria Stock for Nigerian Traders?
- Find out if MTN Nigeria stock is a good investment for Nigerians?
- How to Purchase MTN Nigeria Stock in Nigeria?
- How to buy MTN Nigeria Shares for beginner traders step by step?
- Which broker can you use to buy MTN Nigeria Stock?
- Which broker offers a signup bonus for first-time traders?
- Which brokers offer a $1 (415 NGN) minimum deposit for investing in MTN Nigeria Stock?
- How many MTN Nigeria Stock should you buy?
And lots more…
So if you’re ready to go “all in” with the MTN Nigeria Shares for Nigerians…
Let’s dive right in…
- Louis Schoeman
What is a Stock?
👉 Definition: a stock is a percentage of ownership in a company, such as MTN Nigeria, or a financial asset. Investors who hold shares of any company are known as shareholders.
How to Buy MTN Nigeria Stock in Nigeria (Updated 2023)
Step by Step on how to buy MTN Nigeria Stock in Nigeria
Step 1: Select a reputable brokerage.
👉 An online brokerage account allows you to buy and sell stocks. Furthermore, online brokerage accounts provide a wide range of research, instructional tools, and account types to help you achieve your investment objectives.
👉 Long-term investors, such as those saving for their children’s education or their own retirement, may want to consider putting their MTNN investments in tax-advantaged vehicles like IRAs (IRAs).
👉 If you’re saving for a down payment on a house or building wealth, a taxable brokerage account is a better option. It’s a good idea to do some comparison shopping to find the best broker in Nigeria for your needs.
Step 2. Determine how much money you want to put into MTN Nigeria stocks.
👉 How much money do you have left over at the end of the month after paying all of your monthly bills? That is the amount you must save and invest.
👉 If you don’t already have an emergency fund and retirement savings, you should start now. However, you are free to invest the remainder as you see fit.
👉 You might not want to buy an entire share of MTNN stock at first. In this case, you might want to purchase a fraction of that share, also known as a fractional share. Some brokerages sell these traditional share sections.
👉 When you are ready, you can invest a large sum of money all at once or in small amounts over a long period of time using dollar-cost averaging.
👉 Regardless of the stock’s price, fixed dollar amounts of stock are purchased on a regular basis, usually monthly. It reduces your risk and lowers your cost per share in the long run.
👉 Consider how MTNN stock might fit into your overall portfolio if you have other investments. Investors who own MTN Nigeria should be aware of their other investments in large-cap technology firms.
Step 3: Create an investment strategy.
👉 Before making any stock purchases, carefully consider your investment objectives. Investing in large quantities of single shares of any corporation is always risky.
👉 MTN Nigeria stock has a history of price volatility and can be greatly influenced by outside factors. While past performance is no guarantee of future results, you may face similar volatility in the future. Price fluctuations should be considered when investing in MTN Nigeria stock.
Step 4: Conduct thorough research on the MTNN stock.
👉 Purchasing stock in a single company, even if it is a household name like MTN Nigeria, is an exciting prospect, but investors in Nigeria should proceed with caution and thorough research.
👉 Examine the annual and quarterly reports that publicly traded companies, such as MTN Nigeria, are required to file on a regular basis as a starting point for your evaluation.
👉 These reports are known as earnings reports or quarterly earnings in the financial press, and they contain a wealth of information on a company’s performance and finances.
👉 Once you have all of this information, you can use it to determine whether MTN Nigeria is a good investment.
Step 5: Choose the order type that you want to place.
👉 You can use your brokerage platform to request to buy MTNN stock at the best current price, or you can use more complicated order types, such as limit or stop orders, to only acquire shares after the stock price falls below a specified threshold.
👉 If you place an order outside of the hours permitted by your brokerage, the purchase will be completed once trading resumes.
Step 6: Keep an eye on the performance of your MTNN stock purchase.
👉 It’s a good idea to monitor your investments and see how they’re performing. When evaluating the performance of MTN Nigeria or any other company, the annualised percent return is a good place to start.
👉 You can compare your investment to other investments using certain benchmarks to see how well it performed. Consider re-examining the initial data to see how the stock performance has changed over time.
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RECOMMENDED JSE BROKER
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97%
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- Time to open Account – Only 12 Hours
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MTN Nigeria Stock Overview for Nigerians
👉 MTN Nigeria Communications PLC is a company that offers wireless telecommunications services. Roaming, Internet, bill payment, device financing, data management, SIM registration, and other related services are provided by the company. MTN Nigeria Communications provides services to customers in Nigeria.
👉 MTN Nigeria Communications PLC, formerly MTN Nigeria Communications Ltd, is a Nigerian company that builds and operates Global System for Mobiles (GSM) cellular network systems as well as other related services. Broadband fixed wireless access service, telecommunication services, and mobile financial services (fintech) are all provided by the company.
👉 Consumer Business Unit (CBU), Enterprise Business Unit (EBU), and Wholesale Business Unit (WBU) are the Company’s segments (WBU). The Consumer Business Unit (CBU) is made up of subscribers who are seated in value propositions and tariff plans tailored to three sub-segments: Youth, High Value, and Mass.
👉 The Enterprise Business Unit (EBU) provides products and services to corporations and small to medium-sized businesses to meet their day-to-day business needs. Its Wholesale Business Unit (WBU) serves customers who purchase MTN telecom products in bulk with the intent of reselling them (mobile or fixed) to their external clients.
👉 The company sells mobile devices as well as data, voice, and SMS services, as well as digital and fintech, wholesale, and interconnect and roaming services. It also provides network as a service, including subsea cables that provide international connectivity, terrestrial and metro fibre networks, data centres and cable landing stations, and FTTx, towers, and radio access networks.
👉 In addition, the company offers digital financial services such as access payments, e-commerce, insurance, and lending and remittance services; enterprise services such as cloud, unified communications, Internet of Things (IoT), and software defined networks; and API products and services for telecommunications, health, government, financial services, entertainment, and other industries. It had 272.4 million subscribers in 21 markets worldwide as of March 9, 2023.
👉 During the global financial crisis and subsequent recession, the Nigerian stock exchange suffered significant losses. The local banking sector, which was overly exposed to the capital market and the oil and gas sector, was severely impacted, and investors lost vast sums of money.
👉 MTN’s listing is one of the most significant since the financial crisis, and it has the potential to help rebuild trust in the Lagos stock exchange.
Overview
👉 Stock trading is the process of buying and selling shares on a stock exchange in the hope that the shares will rise in value. A share investment is when you buy and hold shares for a long period of time.
👉 The most common type of stock trading involves traders who buy shares when they are cheap and sell them when they rise in value, frequently on the same day. These traders are known as day traders, and they rely on small changes in the price of a stock to make small profits that accumulate across multiple instruments.
👉 Stock exchanges are the secondary market where all publicly traded company shares are listed. Exchanges function by connecting potential buyers with sellers on the exchange.
👉 This means that if you want to buy any shares of a company, you are doing so from other shareholders in the market who are looking to sell their shares on the stock exchange. Investing is essential in Nigeria if you want to grow your money and keep up with inflation. Inflation reduces the purchasing power of money over time. If you do not invest wisely, the value of your monthly salary savings will depreciate day by day.
👉 Investing in stocks in Nigeria has never been easier thanks to technological advancements. If you’re thinking about investing in the Nigerian stock market, you should know that it can provide lucrative returns in the medium to long term.
👉 The stock market is a gathering place for people who want to buy and sell securities to meet, communicate, and complete transactions. Stock markets, which also serve as an economic barometer, enable price discovery for corporate shares.
👉 Stock market participants compete with one another to find the best price, ensuring that the market is always open to new investors and offers a high level of liquidity.
👉 This means that market participants can trade stocks and other qualifying financial products on stock exchanges with complete confidence and little to no operational risk. According to the regulator, stock exchanges operate as both primary and secondary markets.
👉 IPOs (initial public offerings) enable companies to sell equity to the general public for the first time on the stock exchange.
👉 This activity assists businesses in obtaining financing from a variety of sources. A division of a corporation (say, into 20 million shares) and the sale of a portion of those shares (say, 5 million shares) to the public at a price (say, $10 per share) are two examples of this.
👉 A firm must have a market to sell these shares in order to make this process more efficient. This type of exchange is facilitated by the stock market.
👉 Investors will be given stock in the company, which they can keep for a set period of time in anticipation of a rise in the share price and dividend payments. Companies and their financial partners pay the stock exchange for the services it provides in this capital-raising process.
👉 MTN Nigeria’s stock is one of the most well-known on the market today. Continue reading to find out how to buy MTN Nigeria stock in Nigeria.
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🛡️ Trust Score
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- Time to open Account – Only 12 Hours
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- Time to open Account – Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
Pros and Cons of Buying MTN Nigeria Shares
👉 Africa’s leading telecoms group MTN has listed on the Nigerian Stock Exchange (NGX) in a move that could pave the way for the sale of shares to investors in its biggest market.
👉 According to the Nigerian Communications Commission, Nigeria is MTN’s largest African market, with over 65 million users (NCC).
👉 It also contributes one-third of the company’s annual profit. However, in recent years, the South African group has encountered numerous difficulties in Nigeria.
👉 MTN was fined $5.2 billion by the NCC in 2015 for failing to disconnect more than 5 million subscribers with unregistered SIM cards. When the fine was announced, MTN’s stock dropped by as much as 12% in Johannesburg.
| ✔️ Pros | ❌ Cons |
| Trading at 30.3% below the estimate of its fair value | Has a high level of debt |
| Earnings are forecast to grow 21.72% per year | Unstable dividend track record. |
| Earnings grew by 41.8% over the past year. |
Should You Invest in MTN Nigeria in 2023?
👉 MTN has established itself as a global player, and MTN shares should rise in the future as the company expands its product offerings. MTN shares may be a good buy right now because they are currently undervalued.
👉 Ten shares of MTN Nigeria (MTNN) were valued approximately N2,130 in April, based on the current share price of N213 per share. If that is all that somebody has available to them, it is recommended that they take the plunge and purchase only (10) shares of MTNN.
👉 Buying MTN stock is encouraged in Nigeria because it is believed that owning a piece of MTNN will encourage Nigerians to become more interested in stocks and the long-term wealth development that they may achieve through investing.
Best Brokers for Buying MTN Nigeria Shares in Nigeria
Hotforex
Overall Rating
- 4.8/5
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Hotforex is a trustworthy London-based Forex and commodities broker founded in 2010 that is FCA licensed and its HF App provides Nigerian traders with access to buying MTN Nigeria shares in Nigeria. As a Hotforex client, Nigerians get access to more tradable assets than with other brokers, such as speciality CFDs, over 34 ETFs and 950 stock DMAs, as well as 53 different currency pairings, share CFDs, commodities, and bonds.
Exness
Overall Rating
- 4.9/5
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Exness is considered a low-risk broker and can be summarised as a trustworthy and reliable market-making broker for buying MTN Nigeria Shares in Nigeria. Regarding spread and security, Exness guarantees fast trading speeds from a few milliseconds when purchasing MTNN shares. In terms of users, Exness has over 204 000 registered clients in the UK.
Pepperstone
Overall Rating
- 4.1/5
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128
👉 Overall, Pepperstone is considered a low-risk broker and can be summarised as a trustworthy and reliable agency-execution broke for purchasing MTN Nigeria Shares in Nigeria. Regarding spread and security, Pepperstone guarantees fast trading speeds from a few milliseconds when buying MTNN shares in Nigeria. In terms of users, Pepperstone has over 8000 registered clients in the UK.
FxPro
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 41459 NGN
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 FxPro, founded in Cyprus in 2006, is headquartered in London and licensed by the Financial Conduct Authority (FCA) since 2010. FxPro offers lightning-fast trade execution to the benefit of clients who want to engage in buying MTN Nigeria shares in Nigeria. The majority of trades are filled in within 14 milliseconds and the company serves about 1.8 million client accounts in 173 countries, including Nigeria.
Tickmill
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 41450 NGN
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
👉 Overall, Tickmill is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying MTN Nigeria Shares in Nigeria. Regarding spread and security, Tickmill guarantees fast trading speeds from a few milliseconds in order to purchase MTNN shares in Nigeria. In terms of users, Tickmill has over 38 000 registered clients in the UK.
Broker Comparison
| 🥇 HotForex | 🥇 Exness | 🥇 Pepperstone | 🥇 FxPro | 🥇 Tickmill | |
| ⚖️ Regulation | FCA, CySEC, FSCA, DFSA, SCB | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | FCA, CySEC, FSCA, DFSA, SCB | FSA, FCA, CySEC, Labuan FSA, FSCA |
| 💻 Trading Platform | MetaTrader 4, MetaTrader 5 and cTrader | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app | • MetaTrader 4, • MetaTrader 5, • cTrader, • TradingView, • Myfxbook, • DupliTrade | MetaTrader 4, MetaTrader 5 and cTrader | MetaTrader 4, MetaTrader 5 |
| 💰 Withdrawal Fee | No | No | No | No | No |
| ✔️ Demo Account | Yes | Yes | Yes | Yes | Yes |
| 📈 Min Deposit | 41 453,00 Naira | 41,000 Naira | 60,700 Nigerian Naira | 41 453,00 Naira | 41,500 Naira |
| 📊 Leverage | 1:1000 | 1:2000 | 1:200 | 1:888 | 1:500 |
| 💸 Spread | From 0.3 pips | From 0.0 pips EUR/USD | From 0.0 pips | From 1.58 pips | From 0.0 pips |
| 💳 Commissions | None | $3.5 on Zero Account | USD 0.04 (USD 0.08 round turn) | $4.5 per lot round turn | 2 per side per 100,000 traded |
| 🛑 Margin Call/Stop-Out | None | None | 50%/0% | None | 100%/30% |
| 📲 Order Execution | Instant | None | Instant | Instant | Instant |
| 💰 No-Deposit Bonus | No | No | No | No | Yes |
| 💳 Cent Accounts | Yes | Yes | No | No | No |
| 💻 Account Types | • Islamic account • Micro Account, • Premium Account, • Zero Spread Account, • Auto Account, • PAMM (Premium) Account • HFcopy Account. | • Standard Account, Standard Cent Account, • Raw Spread Account, • Zero Account, Pro Account | • Standard account, • Razor Account, • Professional Account, | • FxPro MT4 • FxPro MT5 FxPro cTrader • Islamic Account. | • Pro Account, Classic Account, • VIP Account |
| ⚖️ CBN Regulation | No | No | No | No | No |
| 💰 NGN Deposits | Yes | Yes | Yes | No | No |
| ✔️ Nigerian Naira Account | Yes | Yes | No | No | No |
| 📞 Customer Service Hours | 24/5 | 24/7 | 24/7 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 2 | 5 | 2 | 4 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes | Yes | Yes |
RECOMMENDED NIGERIAN BROKER
🛡️ Trust Score
97%
Avatrade – #1 Nigerian Trading Platform
- Time to open Account – Only 12 Hours
- Low Commissions
- Invest in any Top 40 Share
RECOMMENDED JSE BROKER
🛡️ Trust Score
97%
Avatrade – #1 JSE Trading Platform
- Time to open Account – Only 12 Hours
- Low Commissions
- Invest in any JSE Top 40 Share
Best Mobile Apps to buy US Stocks in Nigeria
👉 It used to be difficult for a Nigerian or non-US citizen to acquire and invest in US securities. However, thanks to technological advancement, Nigerians can now invest in the US stock market using their smartphone, tablet, iPad, or computer.
Investnow.ng
👉 This software provides a comprehensive internet trading platform for Nigerians. It also provides new investors with regular stock recommendation options, as well as a variety of services such as dividend management, certificate administration, and registrar handling.
Rise
👉 Rise is more than just a stock trading app; it can be thought of as a global asset management firm. It offers dollar-denominated investments in which you can put your money to work while watching its value rise.
👉 As a result of this arrangement, Rise skilled fund manager trades on your behalf. In addition, you can invest in real estate, fixed assets, or stock asset investments.
Leadtrader
👉 Leadtrader is well-known among stock apps in Nigeria for having the lowest brokerage fees, with commissions as low as 0.75 percent in some cases. When you give them permission to trade on your behalf, the commission can reach 1.35 percent of the total.
Ameritrade
👉 Meristem Securities’ software provides traders with a secure platform from which to trade using their mobile phones. Furthermore, it offers a diverse range of companies to choose from, with assets in both domestic and international markets.
Frequently Asked Questions
How can I buy MTN shares in Nigeria?
MTN Nigeria shares were listed on the NGX on 16 May 2019.
The following people can buy the MTN shares on offer:
Applicants must apply for a minimum of 20 shares and multiples of 20 shares thereafter.
Applicants must have a valid BVN to register and apply on PrimaryOffer.
Applicants must have a CHN and CSCS account.
Can I buy stock directly from MTN Nigeria?
No, MTN Nigeria stock should be bought through a stockbroker in Nigeria, whether it is offshore or based locally.
Is MTN Nigeria stock a good buy in 2023?
Most analysts consider MTN Nigeria stock to be a good growth investment in 2023 for investors in Nigeria and elsewhere. That said, a. general rule is not to have more than 10% of your total portfolio in one stock.
