The days of searching for brokers is gone as you can purchase stocks online right on your device. In this post, we’ll show you how to buy MTN Nigeria shares online on wealth.ng platform. Very simple.
Before we go fully into the details, we would provide you with some of the things you need to know understand by stocks and buying shares.
First, you must be very careful before using your hard money to buy shares of dubious companies whose businesses are shrouded in illegal activities.
Look at the prospects of the company, its sustainability and management structure. That’s very important.
At the time of writing this guide, wealth.ng is one of the licensed brokers in Nigeria which is using technology to simplify the way Nigerians invest and buy stocks or shares.
This means that if you prefer buying and selling stocks online, you can use sites like wealth.ng
The advantage of this is that online trading sites typically charge lower commission fees, because most of the trading is done electronically.
Two important key points to note when buying MTN Nigeria shares on wealth.ng
By market order is one in which you request a stock purchase at the prevailing market price.
A limit order is when you request to buy a stock at a limited price.
Tips about MTN Nigeria shares
There’s no doubt about it, MTN Nigeria is the largest telecommunication company in Nigeria even though it’s a South African company.
When was MTN Nigeria listed on Nigeria Stock Exchange (NSE)?
MTN was listed on the Nigerian Stock Exchange on Thursday, May 16, 2019 and it’s amazing news for Nigerians as they’ve waited for long for this to happen.
What this means that interested investors will be able to buy and sell stocks Nigerian Stock Exchange.
This also means that the general public can buy MTN shares in Nigeria as it is in Ghana.
Who can buy and sell MTN Nigeria shares?
MTN shares can only be bought or sold by retail and institutional investors who have a CSCS account and have an account from any registered stockbroker. You cannot buy MTN shares if you do not have a stock brokerage account from a stockbroker registered in Nigeria. To find a registered stockbroker just follow this link for the list of the top 10.
Why buy MTN Nigeria shares?
No one wants to invest in a sinking company. MTN Nigeria is a company which has recorded massive profits that run into over N160 billion.
In its latest investor conference, it said that it reports a return on equity of about 90%. MTN also claims that it pays over 80% of its profits as dividends…that’s massive.
What price is great?
MTN Nigeria stock will be a good stock to buy for any price between N90 and N160 giving investors a good upside.
How do I buy MTN Shares?
You’ll need to have a stock brokerage account if you are to buy MTN Nigeria shares and one of online brokers we’ve tested is wealth.ng
How to buy MTN Nigeria shares on broker website like wealth.ng
Step 1: Click sign up, you will see this by the left handside of the page if you are using a laptop to fill your details
Step 2: Once you signed up you’ll be granted access to your dashboard right away. Deposit into your account. Or you simply login to your email and click invest now to buy MTN Nigeria shares.
Step 3: Click the profile to fill your details including your IDs and click save.
Step 4: Enter the How much would you like to deposit. With one of the available options: Credit card deposit, bank transfer, and pay with account
At the time of compiling this guide 1 unit was N135.60K and click add to cart.
Step 5: Enter your account details including BVN to verify through a code that will be sent to you, select your bank, enter your debit card details to deposit money into wealth.ng broker account to buy MTN NG shares.