How To Buy Shares In Nigeria

How To Buy Shares In Nigeria

Investing in Nigeria is becoming a more popular way for many people to get their money back and that’s why we are going to learn How To Buy Shares In Nigeria. But it’s not always easy, or even possible, to make a good investment in Nigeria. 

It takes time and effort to find the best company, make sure you’ve researched the company well enough, invest in shares of that company, and then follow up on your investment to make sure you are making a profit. 

There are so many apps that you can use to buy shares in Nigeria, Today we’ll talk about how AI-powered software can take all these steps out of your hands! 

What is Nigeria?

Nigeria is a federal republic located in West Africa. The country has a population of over 170 million people and is divided into 36 states and 7 Federal Capital territories. 

Nigeria’s economy is the sixth largest in the world, with an annual growth rate of 6%. Agriculture, oil production, and tourism are the mainstays of the Nigerian economy.

I have a post on how to draw the Nigerian coat of arms you can also check out the post here is quite easier than you thought. 

How To Buy Shares In Nigeria

There are a few ways to buy shares in Nigeria. The most common way is to go through a broker or an investment company. You can also buy shares directly from the company.

There are two ways to buy shares in Nigeria, we have the manual method and we have the broker method.

We will start with the broker method because it is quite easy and you can buy shares no matter your location.

Broker Method

To buy shares in Nigeria through a broker, you will need to provide your name, contact information, and the amount of money you want to invest. 

The best broker app in Nigeria is bamboo. It is an app that makes it so easy to buy shares in Nigeria.

How To Buy Shares In Nigeria

All you just have to do is download the app from the Google Play Store, register, and sign up with a click.

The app makes it easier for you to buy shares in naira, deposit in naira, and withdraw in naira.

Companies like Facebook, Twitter, Amazon, Tesla, and many others are available on the bamboo app.

You can use my referral link to download the app and get a bonus whenever you come on board.

The broker will then connect you with the appropriate company and help you purchase your shares.

Other apps that you include the following: Rise, CHAKA, and trove.

Manual Method

The manual method is to buy shares directly and this is done by going straight to the company.

For example, if you need to buy shares on Facebook Go to Facebook with your lawyer and sort things out

To buy shares directly from the company, you will need to visit their website and fill out an online form. 

Once you have submitted your form, the company will contact you to discuss your purchase options and answer any questions you may have.

Pros and Cons of Buying Shares in Nigeria

Anything with advantages must surely have disadvantages. We would be looking at the pros and cons of buying shares in Nigeria.

I have made the step very simple let’s start with the pros. When looking to buy shares in a company, there are a few things to consider. 

The pros and cons of buying shares in Nigeria will be discussed below.

PROS

  • The Nigerian stock market is relatively new, so there is still room for growth. This means that there may be some good investment opportunities available.
  • There is a growing middle class in Nigeria, which means that the population is growing and has more money to spend on stocks.
  • The Nigerian economy is relatively stable, so the stock market should continue to grow over time.

CONS

  • The Nigerian stock market is very volatile, so it can be difficult to make money if you invest too much money at once.
  • Nigeria’s economy is not as strong as other countries in Africa, so the stock market may not be as reliable over time.

How Much Do Shares Cost in Nigeria?

The price of a share depends on the company you are buying from you can’t expect the shares of Facebook to be the same as the shares of Twitter.

Shares in Nigerian companies are typically priced at around N25,000 per share. However, this price can change quite frequently, depending on the company’s performance and the market conditions. 

In general, shares in Nigerian companies tend to be more expensive than those in other African countries.

Conclusion

Buying shares in a company can be a great way to make money and invest in the future of that company. 

However, buying shares in Nigeria can be tricky—there are a lot of scams out there. 

That’s why it’s important to do your research first and look for reputable brokers who will help you buy the Shares you’re interested in. 

We hope this article has helped you get started on your quest to purchase shares in Nigerian companies!

Adekiya Joscor
Am a Tech blogger | Content Writer | Website designer | Freelancer | YouTuber. Need any of my help? Use any of the social handles below to get to me.