How to Buy Zenith Bank Stock in Nigeria
How to Buy Zenith Bank Stock in Nigeria revealed. We tested and verified the best way to buy Zenith Bank Stock in Nigeria.
This is a complete guide on how to buy Zenith Bank Stock in Nigeria.
In this in-depth guide you’ll learn:
- What is Zenith Bank Stock?
- How to buy Zenith Bank Stock in Nigeria?
- Is Zenith Bank Stock a safe investment for Nigerians?
- How to buy Zenith Bank Stock for beginner traders?
- Which broker can you use to buy Zenith Bank Stock?
- Which broker offers a signup bonus for first-time traders?
- Which brokers offer a $1 (415 NGN) minimum deposit for investing in Zenith Bank Stock?
- How many Zenith Bank Stock should you buy?
And lots more…
So if you’re ready to go “all in” with the Zenith Bank Stock for Nigerians…
Let’s dive right in…
👉 Definition: a stock is a percentage of ownership in a company, such as Zenith Bank Stock, or a financial asset. Investors who hold shares of any company are known as shareholders.
How to Buy Zenith Bank Stock in Nigeria (Updated 2023)
Step by Step how to buy Zenith Bank Stock in Nigeria
Step 1: Choose a reputable brokerage
👉 Through an online brokerage account, you may buy and sell stocks. Additionally, online brokerage accounts include a variety of research, educational tools, and account types to assist you in achieving your investment objectives.
👉 Long-term investors, such as those investing for their children’s school or retirement, may wish to pursue tax-advantaged vehicles, such as individual retirement accounts (IRAs).
👉 If you’re saving for a down payment on a house or accumulating wealth, a taxable brokerage account is a superior alternative. It’s a good idea to conduct some comparison shopping in order to determine which broker is the greatest fit for your needs in Nigeria.
Step 2: Decide how much you wish to invest in Zenith Bank stocks
👉 If you do not have an emergency fund or retirement savings, you should set away some of that money. However, you may invest the remainder as you see fit.
👉 You may not want to purchase a complete share of ZENITHB stock at first. In this scenario, you may wish to purchase a fractional share of that stock. These vintage share portions are available from various brokerages.
👉 When you are prepared, you can invest a significant sum of money at once or in small amounts over a lengthy period of time using dollar-cost averaging.
👉 Stock is purchased in fixed dollar quantities on a regular basis, typically monthly, regardless of the stock’s price. It reduces your risk and lowers your cost per share in the long run.
👉 Consider how AAPL fits into your whole portfolio if you own other investments. Investors in Zenith Bank should be aware of their other large-cap technology assets.
Step 3: Devise an investment plan
👉 Before making any stock purchases, carefully consider your investment objectives. Investing in large quantities of individual shares of any firm is always risky.
👉 Zenith Bank’s stock may have a history of price volatility which makes it highly susceptible to external factors. While past performance is not indicative of future performance, you may encounter similar volatility in the future. Price swings should be considered when investing in Zenith Bank stock.
Step 4: Do sufficient research on ZENITHB stock
👉 Investing in a single business, especially if it is a household name such as Zenith Bank, is an exciting idea, but investors in Nigeria must exercise prudence and conduct due diligence.
👉 As a starting point for your examination, review the annual and quarterly reports that publicly traded firms such as Zenith Bank are required to file on a regular basis.
👉 These reports, referred to as earnings reports or quarterly earnings in the financial press, contain a plethora of information on a company’s performance and finances.
👉 Once you have gathered all of this information, you can determine whether or not Zenith Bank is a sound investment.
Step 5: Determine the order type that you would like to place
👉 You can either request to purchase ZENITHB stock at the best available price on your brokerage platform, or you can utilise more complicated order types, such as limit or stop orders, to acquire shares only when the stock price falls below a set level.
👉 If you place an order outside of the trading hours permitted by your brokerage, the purchase will also be fulfilled whenever trading resumes.
Step 6: Monitor the ongoing performance of your ZENITHB stock purchase
👉 It’s prudent to monitor your investments and determine their performance. Annualized percent return is an excellent place to start when examining Zenith Bank’s or any other company’s performance.
👉 You may compare your investment to other assets and determine how well it performed using particular benchmarks. Consider returning to the initial data and re-examining it to determine how the stock’s performance has altered over time.
Zenith Bank Stock Overview for Nigerians
👉 Formed in Nigeria, Zenith Bank Plc is a financial organisation that is listed on the Nigerian Stock Exchange (NGX). The bank provides banking goods and services to individuals and businesses in the personal, commercial, corporate, private, and investment banking sectors, among other areas.
👉 Zenith Bank Plc’s history can be traced back to 1990, when Jim Ovia founded the company, which has since grown exponentially to become one of the leading financial institutions in Africa. Zenith Bank Plc was first listed on the Nigerian Stock Exchange (NGX) on October 21, 2004, and it has since become one of the leading financial institutions in Africa.
👉 It was once known as Zenith International Bank Limited, but it changed its name to Zenith Bank Plc in 2004. Zenith Bank Plc is headquartered in London, United Kingdom. Zenith Bank (Ghana) Limited, Zenith Bank (Sierra Leone) Limited, and Zenith Bank (Gambia) Limited are all subsidiaries of Zenith Bank International Limited. In addition to South Africa and the People’s Republic of China, it has representative offices in other countries.
👉 The following services are provided by Zenith Bank Plc: providing of banking and other financial services to corporate and individual customers; provision of insurance to corporate and individual customers; provision of banking and other financial services to corporate and individual customers.
👉 Its segments include Corporate Banking, Retail Banking, and Pension Custodial Services-Nigeria, which provides a range of banking and pension custodial services to a variety of corporations, financial institutions, investment funds, governments, and individuals in Nigeria; Corporate Banking; Retail Banking; and Pension Custodial Services-Nigeria as well as Outside Nigeria Banking-Africa and Europe, which provide a variety of banking services to a diverse collection of enterprises and financial organisations as well as investment funds, governments, and individuals located outside of Nigeria.
👉 The categories cover banking operations in other regions of Africa (Ghana, Sierra Leone, and The Gambia), as well as banking operations in Europe (including the United Kingdom) (the United Kingdom). Its operations are generally divided into three geographic areas: Nigeria, the rest of Africa and Europe. Nigeria is the Bank’s largest market. Zenith Bank (Ghana) Limited and Zenith Bank (Sierra Leone) Limited are two of the bank’s subsidiaries in Africa.
👉 Zenith Bank Plc’s equity shares are available for purchase on the Nigerian Stock Exchange (NGXonline)’s trading platform under the ticker symbol ZENITHBANK.
👉 ZENIT BANK PLC has its headquarters in Zenith Heights, Plot 83, Ajose Adeogun street, Victoria Island, Lagos, Lagos State.
👉 Ebenezer Onyeagwu is the current Chief Executive Officer of Zenith Bank Plc.
👉 Zenith Bank Plc employs more than 7 500 people worldwide.
👉 Zenith Bank Plc is a member of the Banking Industry as well as the Financial Services Industry.
👉 Zenith Bank has only one class of ordinary shares, each of which is issued in the denomination of 50k. As of now, the company’s ordinary shares are outstanding in the amount of 31,396,493,786.
👉 Zenith Bank shares are listed on the Nigerian Stock Exchange since October 21, 2004.
👉 Investing is crucial in Nigeria if you want to grow your money and keep up with inflation. Inflation gradually erodes the purchasing power of money. If you do not invest prudently, the value of your monthly income savings will continue to erode daily.
👉 Investing in stocks in Nigeria has never been easier, owing to technological improvements. If you’re considering investing in the Nigerian stock market, you should know that it has the potential to generate substantial returns over the medium to long term.
👉 The stock market is a venue for a large number of individuals interested in buying and selling stocks to meet, interact, and complete transactions. Stock markets, which also serve as an economic barometer, enable the finding of business share prices.
👉 Stock market participants fight for the best price, which ensures that the market is always accessible to new investors and maintains a high level of liquidity.
👉 This means that market participants can trade stocks and other eligible financial items on stock exchanges with total confidence and minimal to no operational risk. The stock markets serve as both primary and secondary markets, depending on the regulator’s specifications.
👉 IPOs (initial public offerings) enable companies to sell their equity for the first time to the general public via the stock market.
👉 This activity assists businesses in securing funding 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) would be an example of this.
👉 A market for these shares is required for a business to make this process more efficient. The stock market facilitates this type of trade.
👉 Investors will receive the company’s stock, which they may hold for a specified amount of time in anticipation of a share price increase and dividend payments. Companies and their financial partners compensate the stock exchange for the facilitation of this capital-raising process.
👉 Zenith Bank’s stock is one of the most prominent on the market today. Continue reading to understand how to purchase Zenith Bank stock in Nigeria.
Pros and Cons of Buying Zenith Bank Shares
👉 Zenith Bank ZENITHB.LG, based in Nigeria, expects to earn a pretax profit of 270 billion naira ($709 million) this year, an increase of 5.5 percent over the previous year.
👉 This year’s pretax profit for the top tier lender came in at 255.9 billion naira, which was just shy of its forecast.
👉 According to Zenith, the company is targeting 10 percent loan growth this year, down from 18.6 percent in 2020, as a result of a currency weakness at the end of last year, which helped enhance the value of loans priced in naira, the local currency.
👉 Even though Nigeria is expected to see a full-year contraction in 2020, the country has emerged from recession in the fourth quarter. The country depreciated its currency last year in an attempt to bring numerous quoted currency rates into line with one another.
👉 The naira, on the other hand, has continued to deteriorate. Small enterprises, agriculture, healthcare, and manufacturing were among the sectors highlighted by the lender as experiencing growth this year.
|✔️ Pros||❌ Cons|
|Trading at 4.1% below an estimate of its fair value||High level of non-cash earnings|
|Earnings have grown 8.7% per year over the past 5 years.||Unstable dividend track record.|
Should You Invest in Zenith Bank in 2023?
👉 Zenith Bank Plc (ZENITHBANK) is currently trading at NGN 24.50 per share, according to the most recent available data. A share of ZENITHBANK ended at 24.50 NGN per share on the Nigerian Stock Exchange (NGX) on Friday, April 29, 2023, a slight decrease from the previous day’s finish of 24.55 NGN. The bank’s stock price had previously closed at 24.55 NGN.
👉 Awarded the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2021, as well as being named Best Bank in Nigeria in the Global Finance World’s Best Banks Awards 2020 and 2021 for its outstanding performance, Zenith Bank has also received numerous other accolades.
👉 Shareholders of Zenith Bank Plc unanimously approved the proposed final dividend at the bank’s 31st Annual General Meeting (AGM), which was held on April 6, 2023.
👉 Shareholders expressed delight at the final dividend payment of NGN2.80 per share, which brings the total dividend for the 2021 financial year to NGN3.10 per share, with a total value of NGN97.33 billion, which brings the total dividend for the 2021 financial.
Best Brokers for Buying Amazon Shares in Nigeria
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• MetaTrader 5,
|💰 Withdrawal Fee||No||Yes||No||No||No|
|✔️ Demo Account||Yes||Yes||Yes||Yes||Yes|
|📈 Min Deposit||41,000 Naira||10,000 Naira||2,000 Naira||41,500 Naira||60,700 Nigerian Naira|
|💸 Spread||From 0.0 pips EUR/USD||From 0.0 pips||From 0.0 pips||From 0.0 pips||From 0.0 pips|
|💳 Commissions||$3.5 on Zero Account||Yes, variable||USD7/100 000||2 per side per 100,000 traded||USD 0.04 (USD 0.08 round turn)|
|🛑 Margin Call/Stop-Out||None||40%||50%||100%/30%||50%/0%|
|📲 Order Execution||None||Market||Instant||Instant||Instant|
|💰 No-Deposit Bonus||No||Yes||Yes||Yes||No|
|💳 Cent Accounts||Yes||Yes||Yes||No||No|
|💻 Account Types||• Standard Account, Standard Cent Account,|
• Raw Spread Account,
• Zero Account, Pro Account
|• Micro Account,|
• 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 Regulation||No||No||No||No||No|
|💰 NGN Deposits||Yes||Yes||Yes||No||Yes|
|✔️ Nigerian Naira Account||Yes||Yes||No||No||No|
|📞 Customer Service Hours||24/7||24/5||24/5||24/5||24/7|
|🛍 Retail Investor Accounts||5||2||4||1||2|
|☪️ Islamic Account||Yes||Yes||Yes||Yes||Yes|
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 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 Zenith Bank?
No, Zenith Bank stock should be bought through a stockbroker in Nigeria, whether it is offshore or based locally.
Is Zenith Bank stock a good buy in 2023?
Most analysts consider Zenith Bank stock to be a good growth investment in 2023 for investors in Nigeria and elsewhere.
What is the best way to buy Zenith Bank stock?
To buy Zenith Bank 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 ZENITHB stock
- Determine the order type
- Continue to monitor the performance of your ZENITHB stock