Do you know that the Nigerian MTN company just recently stated that they will be selling up to 575 million shares in the Nigerian market? The difficulties of the share investment process, on the other hand, were the reason why it didn’t sell out.
As a result, the MTN Group increased its shareholding by a factor of 90 percent in order to attract a larger number of individuals and investors. It was successful and led to a great number of investors inquiring “how to buy MTN shares in Nigeria.”
Because this is one of the most popular topics that people who visit our website want us to write about, we are going to devote this post to discussing it in depth while still doing it justice. This is also because it is one of Google’s trending topics so far.
Stay close as I walk you through every critical aspect you need to know about the step-by-step tutorial on how to buy MTN shares in Nigeria, its pros and cons, as well as the reasons for investing in MTN shares in Nigeria. Stay tuned for more information.
Should I Invest In MTN Shares In Nigeria In 2022?
If you are still curious about knowing how to buy MTN shares in Nigeria, then that’s a great step to take. Nevertheless, the following is a list of bullet points highlighting some of the reasons why you should begin investing in MTN shares in Nigeria right away:
The price of MTN shares will always go up in the future due to the fact that the company will always be increasing the number of products it sells. As a result, given its potential rate of conversion in the future, now is the ideal time to purchase it.
In light of the fact that the present price of an MTN share is approximately N213, the most prudent course of action would be to buy as many as ten shares of MTNN in order to maximize one’s potential for profit.
Dealing and becoming knowledgeable about how to buy MTN shares in Nigeria is typically encouraged, because doing so encourages Nigerians to take an interest in stock markets and long-term investments.
The Complete Guide On How To Buy MTN Shares In Nigeria
If you want to begin your career as an investor by purchasing MTN shares, then you need to follow this comprehensive guide on how to buy MTN shares in Nigeria. After that, you might also look into the codes to check SIM registration status for MTN.
Have a look down below!
Download The Mobile App
CAUTION! This is the most crucial stage of the process.
Whether or not you have the appropriate software downloaded on your device, your knowledge of how to purchase MTN shares in Nigeria is dependent on this. because one could only purchase it by using the appropriate app on the appropriate mobile device.
The “Primary Offer App” is the name of the application that should be downloaded, and it can be found in both the Google Play store and the Apple iOS store. Keep in mind that Chapel Hill Denham is the developer of the app when you go about downloading it. Install it after that has been completed.
Register And Set Up Your Account
The next thing you need to do is create an account by providing all of the information that is required. Additionally, your banking information will be requested here, and you will be required to enter your BVN for confirmation. You may, on the other hand, use this opportunity to learn how to check BVN on MTN.
Validate Your Account
After you have created your account by providing all of the necessary business and personal information, you will then be prompted to validate your account by entering the one-time password (OTP) that was given to your email address.
Enter Your Login Info And Initiate The Procedure
Following the completion of all of the required steps, you will get a message congratulating you on successfully registering an account. You will see a blue button, which indicates that you are now able to log in to your account; after doing so, click on the link that says “MTN Nigeria offer.”
Terms, Conditions, And Purchase
You are about to be taken to the page that explains the site’s terms and conditions. To be able to know how to buy MTN shares in Nigeria and its requirements, you just need to read this page in its entirety and agree to the terms by clicking the button at the bottom of the page, and then click the “purchase” button.
Choose A Certain Number Of Shares
On the screen that follows, you will see a field where you need to input the specifics of your transaction. You will also be asked to enter the number of units that you desire to purchase in a column that has been given for that purpose. 20 is the minimum number of units.
Aside from the one share that is greater than 20 units, all of the other higher shares are multiples of 20. To put it another way, you have 20, 40, 60, 80, and so on. To buy MTN shares in Nigeria requires a minimum investment of N3,380 and only costs N169 per share individually.
It’s Time To Buy MTN Shares In Nigeria
You must have selected the desired quantity of shares that you wish to purchase, checked the box indicating that you agree with the terms and conditions, and then clicked on the “Pay Now” icon. After that, you will need to check to see if you already have an account with CSCS.
It is necessary to have a CSCS account in order to be familiar with the process of knowing how to buy MTN shares in Nigeria. No need to worry because the software will assist you in establishing a CSCS account. To configure this, simply carry out the steps outlined in the on-screen prompt.
Pay With A Card Or Any Available Option
Following that, another page will load where you can complete the real payment for the order. There would be a number of different payment choices available to choose from, including paying with a credit card, transferring money through the bank, or paying with USSD.
Following the successful completion of your transaction, you will be sent an email with a receipt as well as the specifics of your payment. Following that, your shares will be allotted to you in fewer than 15 days. If you follow these instructions on how to buy MTN shares in Nigeria, becoming an MTN shareholder won’t be difficult for you.
Pros And Cons Of How To Buy Mtn Shares In Nigeria
While learning how to buy MTN shares in Nigeria, do you know that there are some pros and cons you need to take note of before investing? Even though MTN now includes Nigerian, you still need to make smart investments in order to succeed.
According to the Nigerian Communication Commission (NCC), Nigeria has achieved its goal of becoming the largest MTN market in Africa, with an ever-expanding user base that currently exceeds 65 million active customers.
However, an unfortunate event took place in 2015 when the NCC levied a $5.2 billion penalty against MTN for the company’s failure to terminate its 5 million customers who used unregistered SIM cards. As a direct consequence of this, MTN’s stock price fell.
As a result, you should make sure to keep this information in mind as you continue your education on how to purchase MTN shares in Nigeria. Because of this, you should consider the following pros and cons of MTN shares buying in Nigeria.
- Investing at a price that is between 30.3% and 33.3% lower than the estimate is considered to be a fair value.
- It is expected that total real earnings will rise by 21.72% per year.
- Earnings, on the other hand, were reported to have increased by a factor of 41.8% over the previous year.
- When you buy MTN shares in Nigeria, you run the risk of incurring a significant amount of debt.
- A record of having a dividend track record that is unstable will always be kept. This cannot be changed.
After reading this in-depth article that provides a step-by-step guide on how to buy MTN shares in Nigeria, it is my sincere hope that you will be able to buy your own MTN share by following the process that is outlined in this article. If you are unable to buy your own MTN share, please let me know so that I can improve this article.
It is essential to keep in mind that you do not need to be worried about any difficulties when attempting to buy MTN shares in Nigeria. All you need to do is write in the comment box about any troubles you are having, and we will take care of them.