Many Nigerians wanted to invest in MTN Nigeria’s shares after it was listed on the Nigeria Stock Exchange (NSE), now known as Nigeria Exchange Limited (NGX), in 2019. However, they were limited by how tightly held the shares were and the lengthy processes involved in obtaining valuable stock on the Exchange.
MTN Group owns around 79 percent of MTN Nigeria’s total stake.
How much MTN Shares can you buy
However, just last week, MTN Group offered the Nigerian public 14 percent of its tightly held shares in MTN Nigeria, making it the largest member of the bourse to do so.
The best thing is that any Nigerian with a bank verification number (BVN) can buy MTN shares on a mobile phone for as low as N3,380.
How to Buy Shares with MTN
In contrast to the traditional ways of buying shares in Nigeria, the following steps are much easier and safer to follow:
- Start with a mobile app: A smartphone is needed for this process. Go to the app store on your phone.
- Download the Primary Offer app from the Google Play store or the Apple iOS store to your smartphone or tablet. Chapel Hill Denham built the app, so keep an eye out for it. The download and installation should take less than three minutes if you have a good mobile network.
- Sett up an account: Create an account with your date of birth and bank verification number (BVN).
- You’ll also need to create a password, which you should keep as private as possible.
After this, the app should already have some of your details, showing that it is connected to the banking system.