MTN Group is Nigeria’s largest telecoms player, with over 40% market share. In 2022, MTN completed a substantial sale of 575 million shares in its Series 1 offer.

This move allowed individual Nigerian investors to have a stake in one of the country’s most profitable businesses at an attractive entry price​​. Here is your ultimate guide on how to buy these MTN shares in 2023.

Buying MTN Shares via the Primary Offer App

The Nigerian Exchange Group’s Primary Offer mobile app is the best way to purchase Nigerian shares listed on the Nigerian Exchange Group (NGX).

This app, which is available for both Apple and Android devices, provides a safe and straightforward way to trade stocks. Below is a step by step on how to buy shares from MTN in Nigeria using the Primary Offer App.

Step 1: Register on the App

After downloading the app, you must register using your Bank Verification Number (BVN) and date of birth. Once you have set up an account, you will receive a six-digit verification code via email. After inputting the code in the app, your account will be ready to start trading​​.

Step 2: Purchasing the Shares

You will find the MTN Public Offer on your dashboard within the app. Read and accept the terms and conditions on the app, indicate the number of units you would like to buy, with a minimum of 20. The app will automatically display the cost for the selected units​.

Step 3: Finalising the Purchase

Before finalising the purchase, you will be asked to provide your Central Securities Clearing System Plc (CSCS) number. If you do not have one, the app will prompt you to create a CSCS account number.

After submitting the completed application on the Primary Offer App, you will receive a confirmation email, a copy of the application form, and evidence of payment​.

Buying MTN Shares through Stockbrokers

Another option is to buy MTN shares from a licensed Receiving Agent, such as an issuing house, a stockbroker, or a bank. This method requires you to visit their offices, obtain an application form, complete it, and pay a Receiving Agent.

Your shares will be allocated after the offer closes, and you will become a shareholder in one of Nigeria’s most valuable companies.

Are MTN Shares a Good Investment in Nigeria?

Investing in MTN shares could be a good decision for investors in Nigeria due to several factors. Here are four reasons why these shares could be a worthwhile investment:

• MTN is offering shareholders both strong dividends and robust growth. The dividends and market price have shown consistent growth, attractive to investors seeking income and capital appreciation.
• MTN Nigeria is a well-governed company that is efficient in its operations. It has strong corporate governance, including a board of directors, auditors, and a group that ensures the company meets expected profit margins.
• MTN is committed to staying in Nigeria, and the public offer of 575 million shares was part of a strategy to enable more Nigerians to participate in wealth creation through the company. This is a positive sign for investors who prefer to invest in companies with long-term commitments to their markets.
• MTN is the market leader in small and large business solutions, as well as financial and digital services. The company is committed to leading and driving digital solutions for Nigeria and is well-positioned to benefit from the growth of these sectors.

Our Final Thoughts

Investing in MTN Nigeria, one of the country’s most valuable companies offers a promising opportunity for new and seasoned investors.

With the company’s significant market share and the ease of purchase through the Primary Offer app or stockbrokers, buying MTN shares is an investment opportunity worth considering.

In our experience, participating in the telecom industry’s growth is an excellent way to contribute to Nigeria’s economy. However, as with all investments, understand the risks and consult with a financial advisor as needed.

Also Read: Stock Exchange Gets Nod To List Shares

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