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how to buy pfizer stock in nigeria review 1

How to Buy Pfizer Stock in Nigeria

How to Buy Pfizer Stock in Nigeria revealed. We tested and verified the best way to buy Pfizer Stock in Nigeria.

This is a complete guide on how to buy Pfizer Stock in Nigeria. 

In this in-depth guide you’ll learn:

  • What is Pfizer Stock?
  • How to buy Pfizer Stock in Nigeria? 
  • How to buy Pfizer Stock for beginner traders?
  • Which broker can you use to buy Pfizer Stock?
  • Which broker offers a signup bonus for first-time traders?
  • How to compare stocks against each other to make sure you buy the best stocks?
  • Which brokers offer a $5 (2 076 NGN)  minimum deposit for investing in Pfizer Stock?
  • How many Pfizer Stock should you buy?

And lots more…

So if you’re ready to go “all in” with the Pfizer Stock for Nigerians…

Let’s dive right in…

Updated : July 21, 2022

👉 Definition: a stock is a percentage of ownership in a company, such as Pfizer Stock,  or a financial asset. Investors who hold shares of any company are known as shareholders.

Step by Step how to buy Pfizer Shares in Nigeria

Step 1: Choose a reputable brokerage

Step 1: Choose 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 investing in PFE through tax-advantaged vehicles such as individual retirement accounts (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: Decide how much you wish to invest in Pfizer stocks

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 PFE 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 PFE stock might fit into your overall portfolio if you have other investments. Pfizer investors should be aware of their other holdings in large-cap companies.

Step 3: Devise an investment plan

Step 3 Devise an investment plan

👉 Before making any stock purchases, carefully consider your investment objectives. Investing in large quantities of single shares of any corporation is always risky.


👉 Pfizer 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 swings should be considered when investing in Pfizer stock.

Step 4: Do sufficient research on PFE stock

Step 4

👉 Purchasing stock in a single company, even if it is a household name like Pfizer, is an exciting prospect, but investors in Nigeria should proceed with caution and thorough research.


👉 As a starting point for your evaluation, review the annual and quarterly reports that publicly traded companies like Pfizer are required to file on a regular basis.


👉 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 Pfizer is a good investment.

Step 5: Determine the order type that you would like to place

Step 5

👉 You can use your brokerage platform to request to buy PFE 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: Monitor the ongoing performance of your PFE stock purchase

Step 6 Monitor the ongoing performance of your stock purchase

👉 It’s a good idea to monitor your investments and see how they’re performing. When evaluating the performance of Pfizer 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.

Pfizer Stock Overview for Nigerians

👉 Pfizer Inc. is a biopharmaceutical company that discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products all over the world.


👉 It provides medicines and vaccines in a variety of therapeutic areas, such as cardiovascular metabolic and women’s health under the Premarin family and Eliquis brands; biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena, and Braftovi brands; and sterile injectable and anti-infective medicines, as well as oral COVID-19 treatment, under the Sulper brands.


👉 The company also offers medicines and vaccines in a variety of therapeutic areas, including pneumococcal disease, meningococcal disease, tick-borne encephalitis, and COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba, and the Prevnar family brands; biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel Furthermore, the company is in the contract manufacturing business.


👉 It provides services to wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, individual provider offices, and disease control and prevention centres. Bristol-Myers Squibb Company, Astellas Pharma US, Inc., Myovant Sciences Ltd., Akcea Therapeutics, Inc., Merck KGaA, Valneva SE, BioNTech SE, and Arvinas, Inc. have all signed collaboration agreements with the company.


👉 Pfizer Inc. was established in 1849 and is based in New York, New York.


👉 Stock trading has become increasingly popular, and over the last decade, there has been a significant increase in participation from millennials in the stock market, owing to popular mobile trading apps, which has boosted trading figures.


👉 Nigeria has also seen an increase in interest in online trading from both millennials and older stock traders, with more traders emerging as internet service providers’ coverage has improved and the number of brokers accepting traders from African countries has increased.


👉 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 Pfizerstocks 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.


👉 Pfizer is one of the most well-known stocks available today. Continue reading to find out how to buy Pfizer stock in Nigeria.


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Pros and Cons of Buying Pfizer Shares

Pros and Cons of Buying Pfizer Shares

👉 Pfizer is a massive corporation with a number of best-selling drugs and what appears to be a robust pipeline. It also has strong demographic forces on its side. Long-term investors, on the other hand, may believe that shares are overpriced and will revert to the mean. It could continue to trade sideways for years.


👉 Pfizer Inc. (PFE) stock has dropped in value after the company reported earnings for the fiscal fourth quarter. Pfizer shares fell to start 2022 after reaching a 52-week high in late December 2021. Analysts predicted $0.85 in earnings per share (EPS) and $23.8 billion in revenue for the pharmaceutical behemoth.


👉 Pfizer met revenue expectations and outperformed on earnings per share, reporting $1.08 per share for the quarter. COVID-19 vaccine contributed $12.5 billion in global revenue, accounting for more than half of the company’s total revenue for the quarter.


👉 Pfizer’s stock has risen 47 percent in the last year as a result of the COVID-19 pandemic. The FDA extended the Emergency Use Authorization (EUA) for the booster dose of Pfizer’s COVID-19 vaccine in the previous quarter, in addition to granting emergency approval to the vaccine for children aged 5 to 11. The FDA also granted EUA to Pfizer’s oral COVID treatment Paxlovid, an at-home treatment meant to help fight mild-to-moderate COVID-19 infection, in December 2021.


👉 Option traders appear to be positioning themselves for a rise in the Pfizer share price in the near term, based on these developments. This is because recent trading volumes and open interest for Pfizer stock are bullish, implying that traders have been buying call options and selling puts.


Pros of buying Pfizer shares in 2022

👉 Pfizer is a top ten holding of State Street’s Healthcare Sector ETF (XLV). The sector has recently performed just ahead of the market at large.


👉 Champix, Enbrel, Ibrance, Lipitor, Lyrica, Medrol, Norvasc, Prevnar, and Viagra are among the best-selling drugs, and PFE has a robust pipeline to replace them once their patents expire. Approximately 30 Phase 3 projects are currently underway at the company. With the baby boomers entering their retirement years, it’s reasonable to expect the PFE to release some new hits.


👉 Pfizer has been increasing dividends paid to shareholders every year since 2010, earning it the status of Dividend Contender. Pfizer, as a pharmaceutical behemoth, has the cashflows to support these dividends to shareholders. And, with current EPS guidance changing from $2.96 to $3.10, more value for the company and a higher dividend yield means more money in your pocket as an investor.


Cons of buying Pfizer shares in 2022

👉 Pfizer is so massive and lumbering that it is far from a growth engine. Indeed, its projected long-term growth rate isn’t much higher than the market’s. A number of its best-selling drugs are no longer under patent, and there is always the possibility that PFE will be unable to replace them.


👉 Pfizer has underperformed some of the top healthcare stocks.


👉 The volatility-based support and resistance levels allow for a more aggressive upward move.


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Should You Invest in Pfizer in 2022?

👉 Pfizer.Inc is one of the world’s largest pharmaceutical and biotechnology corporations. The company develops and manufactures medicines and vaccines, and it has a number of blockbuster drugs and other products that generate annual revenues of more than $1 billion.


👉 Around half of the company’s profits come from the United States, 8% from China and Japan, and the rest from other countries, bolstering people’s preference to buy Pfizer stocks at the moment.


👉 The company reported a Standalone Total Income of Rs 694.16 Crore for the quarter ended 31-12-2021, up 6.58 percent from the previous quarter Total Income of Rs 651.29 Crore and 14.16 percent from the previous year same quarter Total Income of Rs 608.06 Crore. In the most recent quarter, the company reported a net profit after tax of Rs 143.91 Crore.


👉 Pfizer and BioNTech are collaborating to develop an omicron-specific booster. At five months, the FDA also approved the companies’ second booster shot for people aged 50 and older, as well as immunocompromised people as young as 12.


👉 Pfizer is also attempting to gain full approval for its vaccine in adolescents aged 12 to 15. As of now, the shot is only fully approved for people aged 16 and up, but it is permitted for children as young as five. The dose given to children aged 5 to 11 is one-third that given to older children, teens, and adults. A booster dose in the latter group resulted in a 36-fold increase in antibodies capable of blocking omicron in recent testing.

Best Brokers for Buying Amazon Shares in Nigeria



👉 Overall, Exness is considered a low-risk broker and can be summarised as a trustworthy and reliable market making broker for buying Amazon stock in Nigeria. Regarding spread and security, Exness guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, Exness has over 204 000 registered clients in the UK.




👉 Overall, FXTM is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying Amazon stock in Nigeria. Regarding spread and security, FXTM guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, FXTM has over 4 million registered clients around the world.




👉 Overall, XM is considered a low-risk broker and can be summarised as a trustworthy and reliable market making broker for buying Amazon stock in Nigeria. Regarding spread and security, XM guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, XM has over 5 million registered clients around the world.




👉 Overall, Tickmill is considered a low-risk broker and can be summarised as a trustworthy and reliable ECN broker for buying Amazon stock in Nigeria. Regarding spread and security, Tickmill guarantees fast trading speeds from a few milliseconds when buying Amazon stock in Nigeria. In terms of users, Tickmill has over 38 000 registered clients in the UK.




👉 Overall, Pepperstone is considered a low-risk broker and can be summarised as a trustworthy and reliable agency-execution broker for buying Amazon stock in Nigeria. Regarding spread and security, Pepperstone guarantees fast trading speeds from a few milliseconds when buying Amazon stock. In terms of users, Pepperstone has over 8000 registered clients in the UK.


Broker Comparison

🥇 Exness🥇 FXTM🥇 XM🥇 Tickmill🥇 Pepperstone
💻 Trading PlatformMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader appMetaTrader 4, MetaTrader 5, FXTM TraderMetaTrader 4, MetaTrader 5, XM Mobile AppMetaTrader 4, MetaTrader 5• MetaTrader 4,
• MetaTrader 5,
• TradingView,
• Myfxbook,
• DupliTrade
💰 Withdrawal FeeNoYesNoNoNo
✔️ Demo AccountYesYesYesYesYes
📈 Min Deposit41,000 Naira10,000 Naira2,000 Naira41,500 Naira60,700 Nigerian Naira
📊 Leverage1:20001:10001:8881:5001:200
💸 SpreadFrom 0.0 pips EUR/USDFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips
💳 Commissions$3.5 on Zero AccountYes, variableUSD7/100 0002 per side per 100,000 tradedUSD 0.04 (USD 0.08 round turn)
🛑 Margin Call/Stop-OutNone40%50%100%/30%50%/0%
📲 Order ExecutionNoneMarketInstantInstantInstant
💰 No-Deposit BonusNoYesYesYesNo
💳 Cent AccountsYesYesYesNoNo
💻 Account Types• Standard Account, Standard Cent Account,
• Raw Spread Account,
• Zero Account, Pro Account
• Micro Account,
• Advantage
• Advantage Plus Account
• Micro Account, Standard Account, XM Ultra-Low Account, Shares Account• Pro Account, Classic Account,
• VIP Account
• Standard account,
• Razor Account,
• Professional Account,
⚖️ CBN RegulationNoNoNoNoNo
💰 NGN DepositsYesYesYesNoYes
✔️ Nigerian Naira AccountYesYesNoNoNo
📞 Customer Service Hours24/724/524/524/524/7
🛍 Retail Investor Accounts52412
☪️ Islamic AccountYesYesYesYesYes

Best Mobile Apps to buy US Stocks in Nigeria

👉 The stock market in the United States is one of the most appealing venues for investors, regardless of their investment style, experience, or goal.


👉 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.



Leadtrader Nigeria

👉 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.




👉 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.




👉 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.




👉 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.

Frequently Asked Questions


Can I buy stock directly from Pfizer?

No, Pfizer stock should be bought through a stockbroker in Nigeria, whether it is offshore or based locally.

Is Pfizer stock a good buy in 2022?

Analysts have a consensus that Pfizer stock is a “strong buy”. Twelve-month price targets range from a low of $50 per share to a high of $75, with an average of $59.80. 

Is Pfizer stock undervalued?

Pfizer believes that excluding the impact of the COVID-19 vaccine contribution, the company can sustain top-line growth of 6% through 2025. If this guidance holds true, the stock does seem undervalued.

Is it worth it to buy one share of a stock?

Yes, especially with the emergence of commission-free stock trading, it has become a better option than ever to buy a single share in a company. This is a good approach for beginner investors in Nigeria.

What is the best way to buy Pfizer stock?

To buy Pfizer stock, investors in Nigeria should take the following steps:

  • Choose a reputable stockbroker
  • Decide on your investment amount
  • Set up an investment plan
  • Do enough research on you PFE stock
  • Determine the order type
  • Continue to monitor the performance of your PFE stock
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