How to Buy Shares in Nigeria – 2025 Guide for Beginners

Learn how to buy shares in Nigeria in simple steps. Discover apps, brokers, and tips to start investing wisely and avoid costly mistakes.

When i first tried buying shares in Nigeria, what shocked me most was how easy it had become, no stockbroker, no complex paperwork, just my phone. i was expecting suits and long form. instead, i bought my first stock during a lunch break. here is exactly how you can do the same Step by Step

Not just buy, you need to ask yourself, how can I buy the shares? How can I maintain the shares for high ROI? After pondering over these questions, then find the answers before proceeding to the next level. This way, you can be sure that you will thrive in the industry.

This article has got you covered. It answers the questions with practical illustrations. It will help you to learn and understand the Nigeria stock exchange and buy shares from different companies all over the country and beyond.

This is the most suitable guide for you to consider, and ensure you apply all the necessary steps & tips to follow so as to successfully buy good shares with your money.

What are Shares?

Shares are like a slice or cut of a company’s profit, earnings, and power. As a shareholder in a company, you’ll have the right to dividends, a share in the company’s profit, and a potential for capital gratitude.

What it means for you: In layman’s terms, acquiring shares can be a good way to enhance wealth over time. But keep in mind that it won’t always be smooth while trading. The stock exchange market can be very volatile, so it’s relevant to do the necessary work before going in.

Investing in a company’s shares can sometimes feel like a labyrinth movement, especially if you’re a newbie to the Nigerian Stock Exchange (NSE), which is the country’s essential hub for buying and selling shares. Keep on reading and learn the basics of buying shares in Nigeria.

How to Buy Shares in Nigeria

Follow the step-by-step process below and learn how to buy shares in Nigeria:

• Step 1: Find a Stockbroker

First, you’ll need to find a reliable stockbroker. This is the person or company that will handle your transactions in the Nigerian Stock Exchange (NSE).

• Step 2: Create a Central Securities Clearing System (CSCS) account

Your broker should help you open a CSCS account, where all your shares will be held automatically.

• Step 3: Select Your Stocks

Following up, Carry out some research and select the stocks you want to buy. Check the company’s performance, market trends, and industry outlooks.

• Step 4: Place Your Order

When you’ve selected your stocks, you can now place your order. This means specifying the quantity and price of the shares you’re interested in buying or selling. Your broker will execute this for you in the NSE.

• Step 5: Execute Your Order

After placing your order, then you have to wait patiently for your order to be matched and executed in the NSE. Processes like this could take a few minutes or a few hours, based on market conditions.

• Step 6: Confirm Your Transaction

Once your order has been executed, you’ll get a contract note and a trade alert to confirm your transaction.

• Step 7: Settle Your Transaction

This is when you pay or receive the net amount of your transaction through the Central Securities Clearing System (CSCS) and the Nigeria Inter-Bank Settlement System (NIBSS).

• Step 8: Watch Your Investment

The final step is to watch your investments. Watch how your shares are performing and make the necessary adjustments.

What You Need to Know Before Buying Shares in Nigeria

Focused on the idea of investing in shares, how do you buy them in Nigeria? Here’s a step-by-step guide you need to consider:

• Investing in shares can be a rewarding way to grow your wealth. However, it also has its risks.
• Make sure you carry out your due diligence before going in.
• Altogether, the decision to invest should be similar to your financial goals and risk tolerance.

Before you invest, let’s see the types of shares you can invest in the following section of this article.

Types of Shares You Should Invest in

In the investment niche, there are different shares you can invest in and lots of options to select from. The options range from common shares to value shares. What does it mean for you?

Common Shares assures you a vote at the company’s meeting and the right to dividends. Preferred shares give you large claims to assets and earnings. The growth shares are the most exciting for investors. Shares like these are expected to grow above a specific average rate compared to other companies on the stock market.

While the value shares are stocks that are considered undervalued, you can withdraw when it’s not yet its time, and you can leave it till it’s a ripe investment.

Minimum Amount To Buy Shares In Nigeria

It is one thing to know how to buy shares on the Nigerian Stock Exchange, and it is another to know the exact minimum amount to invest.

That is why everyone must note that the minimum amount one can use to share on the Nigerian Stock Exchange (NGX) is N5000. This price is for both the individual stocks.

However, it is important to note that fractional investment is not acceptable unless otherwise. Therefore, through a stockbroker or any online trading platform, you can choose to invest the funds with them.

Moreover, the minimum amount to invest with a public offering Company can be higher; most of the time, it’s indicated in the company’s prospectus.

Factors to Consider When Choosing Shares

When selecting shares, four factors need to be considered, these factors include; Dividends, Earnings, Price, and Valuation. Shares investment can offer you high returns if you buy shares in companies that carry out their jobs well.

See the following section, find out the legal regulatory systems that govern shares.

Legal Regulatory Body that Governs Shares

Before you go on buying and selling shares, it’s important to know the legal regulatory system that governs shares and what revolves around it. In this aspect, this is where you’ll come across the Securities and Exchange Commission (SEC), the Central Securities Clearing System (CSCS), and the Nigerian Inter-Bank Settlement System (NIBSS).

Moreover, you’ll need to take note of the taxes and fees synced with the buying of shares. It includes the following such as:

1. Stamp Duty
2. VAT
3. Commissioned

Essential Tips for Buying Shares in Nigeria

Begin by setting your investment goals and objectives. Are you investing for the short-term or long-term? What level of risk are you comfortable with?

Next, do your homework. Scale the market, the company, and the shares you’re interested in. Don’t put your eggs in one basket. Widening your portfolio can reduce risk.

Watch your performance regularly and review your strategy if needed. Lastly, don’t hesitate to vouch for professional advice and guidance. It can make a world of difference while investing.

How to Buy Shares in Nigeria Online

Suppose you wish to buy shares online in Nigeria. In that case, just like it is being done offline, you may have to do deep research on the company you wish to invest in before embarking on the investment. Moreover, we have covered major companies in this article. You may choose to invest with any of the companies.

Please bear in mind that we are not affiliated with any of the shares companies that are mentioned in this article; it is strictly for informational purposes.

Meanwhile, below are the easiest methods to follow in order to buy shares online in Nigeria. Ensure to strictly follow prompts carefully and if this method differ from the company you are applying with, do well to follow the prompt provided on the platform carefully.

• Please choose a licensed broker and visit its online trading platform, some of which include Stanbic IBTC e-Trade, MeriTrade or TradeFi.
• Then, open a trading account; you can do this by signing up on the platform through their website or mobile app, after which you will be required to provide your KYC Documents such as a valid ID, proof of address, passport photograph, and signature.​ After that, your broker will facilitate the registration of a CSCS account for recording your stock ownership.
• After setting up your account, consider funding your account once it is approved.
• Lastly, research stocks using the research tools provided on the platform to determine potential stocks to invest in. After that, place an order to either buy or sell through the platform, ensure to specify the quantity of shares you wish to buy or sell and monitor your trade/stock investment performance.

How to Buy Shares in Nigerian Banks

For one to successfully buy shares in Nigerian banks, one must open a brokerage account with a licensed broker and Central Security Clearing System (CSCS) and then fund one account.

Below are step-by-step guidelines on how to buy shares in Nigerian Banks

• Open a Brokerage Account: You must open a brokerage account with a broker certified by the Nigerian Securities and Exchange Commission (SEC). You can do this by following the registration prompt, and you will be required to provide KYC documents as well as a Nigerian Bank account.
• Open a CSCS Account: in order to track the performance of your account electronically, you need to create a CSCS account.
• Fund Your Account: For you to be able to buy shares, you must transfer funds into your brokerage account.
• Place a Buy Order: Believing you must have funded your account, now, go ahead and place a buy order to your broker and ensure you specify the bank with which you wish to purchase its shares and the number of shares you want to purchase.

Lastly, you may consider buying through online platforms like Trove, Chaka and Bamboo as they offer stress-free investment in Nigerian stocks; not only that, a reputable broker must be put into consideration for security and success rate and also be mindful of the fees of a broker, but most of the time security matters than fees.

Apps to Buy Stocks in Nigeria

It’s one thing to know all the processes involved in buying stocks in Nigeria and another thing to know the best app to purchase shares from. Hopefully, this part of the article will provide details on all the apps where you can buy stocks.

Chaka

Chaka is mainly known to be a simplified investment for Nigerians. Licensed by the Securities and Exchange Commission (SEC), Chaka is an investment company that provides access to both local and foreign investment opportunities.

This platform, Chaka, allows traders to trade ETFs and stocks across the globe. It covers over 4000 investments from top countries like Nigeria, the U.S., China and the UK plus over countries. Besides Nigerian and American stock exchanges, this platform, Chaka, opens the door to global blue-chip stocks from 40 countries.

One of the most interesting features of Chaka is that you can invest as low as N1,000 or $10

Trove

The Trove is one of the top and most widely used investment platforms that allows users to trade or invest in Nigerian, American and Chinese stocks. In Nigeria, it is one of the best for stock traders and big investors like you.

With Trove, you can invest in both local and foreign shares as well as bonds Exchange Traded Funds (ETFs). Not only that, one can invest in Real Estate Investment Trusts (REITs) using Trove.

With Trove, you can monitor the performance of your investment. One can easily invest a minimum of N1,000. You can download the Trove mobile app on the Apple Store for iOS and Play Store for Android.

Cowrywise

Moderate risk takers. Cowrywise is the best investment platform for purchasing stock in Nigeria. It offers the users hassle investment opportunities. It offers different ways investors can diversify their portfolios and expand their investment knowledge.

With Cowrwise, one can invest in top mutual funds in Nigeria and beyond. One interesting featiures of the Cowrywise platform is that there is no minimum withdrawal as well as withdrawal charges. The Cowrywise app also offers savings like Emergency savings, Regular savings, Savings circles, Halal savings and Money Duo.

The Cowrywise platform was launched in 2017. The Cowrywise app can be downloaded from the Apple Store for iOS and the Play Store for Android.

Risevest

The Risevest platform allows Nigerians to invest their assets in Dollars, mostly U.S. stocks, and real estate, as well as fixed-income assets. This helps most Nigerians to earn more in dollars and more advantage on the depreciation in the naira.

Risevest mostly focuses on foreign investment plans and does not cater much to local plans due to competitive options over international investment. With as little as $10, you can invest in U.S. real estate, stocks and Eurobonds, and the annual return on these investments is 14%.

However, it is important to note that annual returns wholly depend on the market performance. Another interesting feature of the Risevest app is that it offers its users the option for flexible withdrawal. The Risevest app is available for download from the Apple Store for iOS and the Play Store for Android.

Bamboo

The Bamboo investment platform offers users the opportunity to invest in over 3,500 listed stocks in the Nigerian stock market, as well as the U.S. stock market. You can also buy into Exchange Traded Funds (ETFs), diversifying your investment portfolio.

With as low as $20, one can invest in any stock of choice on the Bamboo platform. Whether local or foreign stocks, you can buy and hold any on the Bamboo app.

A certified brokerage entity in Nigeria holds your account on the Bamboo platform as a U.S. brokerage partner. One interesting feature of the Bamboo platform is that there are tight security measures to keep investors’ funds safe. The Bamboo app is available for download from the Apple Store for iOS and the Play Store for Android.

Piggyvest

Through automated investment, which includes target savings, fixed savings and Flex Naira, Piggyvest enables many Nigerians to build wealth. It is a popular investment company in Nigeria. Its ratings have made the platform gain over 4 million users. With as low as N 5,000, you can choose to invest in agriculture, fixed income, transportation and more.

Piggyvest interest rate ranges from 15% to 10%, depending on the type of investment plan you choose on the platform. For Nigerians, the flex naira allows you to withdraw your savings anytime. If you wish to download the Piggyvest mobile app, you can visit the Apple Store for iOS and the Play Store for Android.

Quidax

Quidax is one of the leading cryptocurrency and brokerage firms in Nigeria. It is trusted to offer user’s safe, simple and user-friendly cryptocurrency app that enables users to buy, sell and store cryptocurrency at an affordable rate.

Nigerians who want to invest in digital currency can make use of the home platform Quidax. The platform offers naira deposits into the platform. In terms of security, Quidax is very safe and secure.

With as low as N500, you can deposit into the Quidax platform and trade any digital currency of your choice. If you wish to invest with Quidax you can download the mobile app from Apple Store for iOS and the Play Store for Android.

GetEquity

GetEquity is the gateway to fast-rising stocks in Nigeria and Africa at large. The platform facilitates investing in different stocks across Africa. It allows Nigerians to buy shares from top local startups in Africa, from seed funding to stock exchange debut. 

Through the GetEquity investment platform, you can search through vetted promising startups that have high potential from the early stage, which can help you earn high RIO.

It is important to note that investing in a startup firm is a very high-risk investment as some firms tend to be volatile, but it gives room for a great reward.

Moreover, through the GetEquity mobile app, you can gain access to venture capital (VC) and other options. You can install the app from the Apple Store for iOS and the Play Store for Android.

AvaTrade

This platform, AvaTrade, is said to be one of the easiest and most popular CFD brokers that allows investors to speculate on stock and digital assets price movement while owning the underlying assets.

On the platform, you can find different kinds of assets you can trade on. Due to high-security measures and regulatory framework, AvaTrade is highly regarded as the best of its kind.

AvaTrade regulatory bodies include the British Virgin Islands, Europe, Australia, South Africa and Japan financial regulatory bodies to ensure the security of people’s funds.

ChoiceTrade

For over 23 years now, ChoiceTrade has been delivering outstanding brokerage services with ultra-modern technical tools. Despite being in the brokerage field for decades, there is no disclosure on the ChoiceTrade BrokerCheck profile.

Meanwhile, the platform specializes in delivering active independent trading, which includes swing and day trading. ChoiceTrade offers access to assets like equities, closed-end and exchange-traded funds (ETFs) and options that include cash-settled products.

If you wish to trade with the ChoiceTrade platform, you can download their mobile app from Apple Store for iOS and Play Store for Android.

Binance

Of all the cryptocurrency trading platforms on earth, Binance is without doubt the leading cryptocurrency platform in the world. It is known for its high daily trading volume.

Binance Holding Ltd is the largest Cryptocurrency exchange platform, supported by the majority of countries but restricted in dorm countries; The Binance platform offers thousands of digital assets for users to trade.

The platform allows traders to buy and sell a wide array of digital assets and above all, the platform supports peer-to-peer (P2P) trading.

If you want to explore more on the basic features of Binance and trade on the platform, do well to visit the Apple Store and download the mobile app for iOS and Play Store for Android.

Crowdyvest

With as little as N20,000, Nigerians seeking a high return on investment (ROI) can invest on the Crowdyvest platform. Currently, there are two major investment plans on the platform. These include Project and Hyperplan.

This platform, Crowdyvest, allows users to invest only in vetted projects that are low risk and have the potential to create both social and financial value. Crowdyvest claims to offer transparency as well as competitive returns on all its portfolios. You can install the Crowdyvest mobile app from the App Store for iOS and the Play Store for Android.

Exness

This platform, Exness, is one of the leading forex trading platforms in the globe. It allows users to trade at a low cost, which is ideal for newbies as well as experienced traders who want to trade with minimal expenses.

The platform provides traders with various platforms, such as the Exness Trader. Exness Terminal, Metatrader 4 (MT4), Metatrader 5 (MT5), Webterminal, and Multiterminal.

If you wish to trade with the Exness platform, you can download their mobile app from Apple Store for iOS and Play Store for Android.

First Prudential Markets (FP Markets)

With the actual company name by FP Markets Group of Companies is one of the leading trading platforms where users can buy and sell their digital assets effortlessly with ease.

The company provides direct financial services to its retail customers via contracts for difference trading. FP Markets has no bridge for trading on their platform as it provides room for different trading styles, including running expert advisor and scalping.

With the FP Market’s cutting-edge technology, trading on the platform is made swift. To download the FP Markets mobile app, visit the App Store for iOS and the Play Store for Android.

Australian airExpress

This Company was formerly known as the key player in Australia logistics firms. This Company, Australian airExpress, played a significant role in both cargo and freight sectors in Australia before it was integrated into Qantas Freight.

The activities of the company played an important role in boosting the earnings of Qantas. This made it a center of interest for stock market watchers who are analyzing Qantas’ diversified revenue streams as well as logistics performance.

Although the company is more of a standalone firm, the Australian air express remains the major key contributor to Qantas’ freight.

FXCM

founded in 1999 and headquartered in London, UK, FXCM specializes in providing swift online trading services in contracts for difference (CFDs), forex as well as other financial instruments.

FXCM also offers integrated trading, just like top trading companies. Some of these trading platforms include Capitalise Ai, Trading Station, MT4 and tradingview pro. You can install the FXCM mobile app from the App Store for iOS and the Play Store for Android.

TradeZero

The best-recommended trading platform for new investors in TradeZero. The platform is the best of its kind. It provides its users with an active customer care service, not only that, but TradeZero offers its users a very low and non-trading fee.

On the global stock broker, TradeZero’s platform accounting opening is wholly online, and it’s straightforward, plus great educational materials and customer service, just as mentioned.

If you are a beginner investor, TradeZero is the best option for you. Although TradeZero has recorded some negative reviews, which include no bank card option for both deposit and withdrawal. Additionally, TradeZero’s product portfolio is limited only to Exchange Traded Funds (ETFs) and stock options. To download the TradeZero mobile app, visit the App Store for iOS and the Play Store for Android.

HFM

With HFM, you can trade Bonds, Indices, Forex, Metals, Shares, CFDs, Commodities and Energies on their integrated trading conditions. On the platform, traders can trade with leverage up to 1:2000, ultra-fast execution speeds, plus swap-free accounts.

This platform, HF Markets, is known for providing a smooth trading experience for expert and new traders. In terms of safety, the HF Market is regulated by many financial security authorities, some of which are DFSA, FSA, FCA, and CMA.

In order to meet different types of trading needs, HF Market offers different types of accounts on its platform, ranging from beginner-friendly Cent accounts to advanced Pro Plus accounts.

Each account comes with a bountiful bonus for all traders. If you wish to trade with the HF Market platform, you can download their mobile app from the Apple Store for iOS and Play Store for Android.

How to Buy Shares in Dangote Group

For you to buy shares in the Dangote Cement, you must have registered an account with a registered broker and buy shares in the Nigerian Stock Exchange (NGX). DANGCEM is the stock quote for Dangote Cement. You can buy Dangote’s company shares for as low as N480.

To successfully buy Dangote shares, you must:

1. Open a Stock Brokerage Account: you must open a trading account with a supported certified broker in Nigeria.
2. Deposit Funds: Now, transfer the number of shares that you want us to purchase shares. Ensure to include fees.
3. Place Order: Now, place your buy order according to the quantity of shares you wish to buy from Dangote Cement (DANGCEM).
4. Share Purchase: Your broker will complete the execution order and ensure the quantity of shares you ordered is deposited into your account. You can create an account with the Central Securities Clearing System (CSCS) to enable you to monitor your shares’ performance.
5. Follow the Broker’s Instruction: In this stage, which is the final stage, follow the prompts provided by your broker to examine the requirements for buying shares in DANGOCEM.

If you need further information regarding the purchase of the Dangote Group of Companies, you can easily contact the Dangote registrar through their contact details below

+234 (1) 227-2570 or email info@coronationregistrars.com,

How to Buy Shares in First Bank

With these simple and easy-to-use guidelines, you can be able to purchase shares in First Bank with or without a brokerage account. Follow me as I walk you through easy-to-understand ways through which you can purchase shares in First Bank.

Just as mentioned earlier, there are two ways through which you can purchase First Bank shares. We are going to walk you through each step, but we will start with the most straightforward method.

To buy shares in First Bank, you must:

Use a Brokerage Account:

1. Open a brokerage account. Ensure to do your research and choose a reputable broker.
2. Then, fund your account with the sum you want to use in buying the shares and ensure your funding covers charges that may apply.
3. Lastly, begin the share trading process. You can do this by logging into your broker platform, locating the search bar and searching for “FEBA.” now enter the number of shares you wish to buy and place your order, confirm the order and your broker will execute the order and ensure your shares is deposited into your account.

Using a Direct Stock Purchase Plan (DSPP):

1. While buying First Bank shares using a Direct Stock Purchase Plan (DSPP), you must check to be sure First Bank (FERB) offers DSPP.
2. If First Bank FERB offers DSPP, the next thing to do is strictly follow the prompt made available by the company’s transfer agent, which is Computershare for First Bank.
3. With the individual reinvestment option you are allowed to always purchase shares directly through DSPP after first successful purchase.

Please read this article, as its a very nice picks on the best ways and things you must know in order to make a very profitable shares investment.

How to Buy Shares in Coca-Cola

Shares can be purchased through a Direct Stock Purchase and Dividend Reinvestment Plan sponsored and administered by Computershare Trust Company, N.A. Get yours now!

Best Companies to Buy Shares in Nigeria

Today, the interest in asset investment like stocks or Bitcoin continues to rise in order to create wealth. These investment platforms have now become popular across the internet & the world at large, due to its remarkable returns.

However, as crypto trading gains traction as one of the best ways to make money online today in Nigeria, you also need to check out some stocks with high dividends. This section of this article highlights the best-rated companies to buy shares in

Nigeria with high dividends through the Nigeria Stock Exchange market (NSE).

If you are not informed, dividend yield is a financial ratio displaying the value of dividends a company gives out every year together with its present stock price expressing it in percentage.

Dividend yield seems crucial to investors due to the fact that it visualizes its real-time income that’s being accrued from an investment compared to its market price. In this case, higher yields tell a higher return on investment (ROI) from dividends without any gains on capital.

Note, up to 58 companies listed on the Nigeria Stock Exchange have distributed more than N1.5 trillion in dividends for the FY ended in 2023. Dangote Cement is taking the lead on the list with a total dividend distribution of  N500 billion, with Airtel Africa Plc coming in line with about N270 billion.

See the following companies that best for you to buy shares in Nigeria and earn good returns with high dividends:

Zenith Bank PLC – 12.27%

Today, Zenith Bank is one of the leading commercial banks in Nigeria; they offer a vast range of financial services. Zenith Bank has the best dividend yield among banking stocks. Buying banking stocks can be a place to start if you want to buy shares in Nigeria. It has distributed a total dividend of  N3 per share, with an interim dividend of 5 kobo and a financial dividend of  N3.5. As of April 2024, the bank’s share was N33, providing a dividend yield of 12.27%.

As of 2023, they recorded the highest net income in the country, with an unstable amount of N676.6 billion. Zenith Bank had a dividend payout ratio of 18.6%, with a dividend distribution of N124.6 billion.

Zenith Bank also wants to launch a combined offer. What does a combined offer have to do with shares, and why launch it? This is what people ask. Now, Zenith Bank’s combined offer means that the bank will be raising funds via a Right Issue and a Public Offer.

This is being launched in order to offer both existing shareholders and new investors an opportunity to be part of Zenith Bank’s growth story.

For the Rights Issue, all existing shareholders on the day of qualification are eligible to participate in the Rights Issue. Rights are given only to shareholders whose names are on the register of shareholders of Zenith Bank on the qualification date.

The Qualification date is the cut-off date for the issue of rights. If your name is not on the register, then you’re not eligible to participate in the Rights Issue. On the other hand, Public Offer is open to everyone.

The minimum number of shares an existing shareholder can purchase via the Public Offer is 250 units of shares, then later on, you can purchase in multiples of 250 units.

Access Holding PLC

Access Holdings Plc is the parent group of Access Bank in Nigeria and other subsidiaries. The company distributed a total dividend of N2.1 per share, with an interim dividend of 50 kobo and a final dividend of N1.80.

The stock dividend generates a dividend yield of 9.33% as of the 2023 financial year; its price was at N23 as of April 2024. Access Holdings Plc yielded a net income of N619.3 billion and made use of 12.1% of it to settle a total dividend of N74.6 billion.

How to Buy Shares in Nigeria from Access Holdings Plc:

To purchase shares from Access Bank shares, you basically need to pass through a licensed stockbroker and open a brokerage account and a Central Securities Clearing System account (CSCS).

Also, you’ll have to fund the brokerage account and submit a “buy” trade order. Moreover, you can take part in the Rights Issue, just like the recent one from Access Holdings Plc.

Nestle Nigeria Plc

Nestle Nigeria Plc is a leading company in the food and beverage sector; they are committed to the enhancement of life and a healthy future. Nestle Nigeria Plc specializes in manufacturing, marketing, and distributing a vast weight of nutritious food and beverage products.

They also cover a presence across Africa and are still expanding across the continent, at the same time maintaining high-quality standards & initiatives.

Nestle Nigeria Plc has a strong position in the Nigerian market. They have an existing operation expanding into 73 new towns in addition to 14,000 retail outlets; the company now has a solid dominance in the industry.

According to its financial figures from the Annual Report, they include the following:

• Revenue: N958.8 billion (75% increase from the previous year)
• Operating Profit: N167.87 (36% increase from the previous year)
• Net Loss: N164.6 billion
• Investment in Future Capacities: N71 billion.

How to Buy Shares in Nestle Nigeria

Getting shares from Nestle Nigeria uses a similar process as the other share companies in the Nigeria Stock Exchange; here’s a step-by-step process on how to purchase shares from Nestle Nigeria:

• Open a Trading Account
• Get a Trading Account Number (TAN)
• Deposit Funds
• Place your order
• Confirm and Pay
• Share Ownership

Seplat

Seplat Energy Plc is a leading independent energy company in Nigeria; its HQ is situated in Lagos state, operating among the moving oil and gas sector in Nigeria. It’s recognized all over the country due to its sustainable energy provision and contribution to the country’s energy background.

Seplat’s main focus is delivering reliable energy solutions, efficient business operations, improving oil production, gas processing, and development of renewable energy sources.

According to its 2024 Annual Report, Seplat Energy recorded a total revenue of $1.116 billion, including a net profit of approximately $145 million. They also dropped an adjusted EBITDA of  $539 million and declared a dividend of 16.5 cents per share.

From the report, according to financial figures:

• Revenue: $1.116 billion
• Net Profit: Approximately $145 million
• Adjusted EBITDA: $539 million
• Dividend Per Share: 16,5 cents
• Employees: 1,446
• Production Output: 118 kboepd
• 2P Reserves: 886 MMboe.

United Bank of Africa (UBA) Plc

UBA Plc is another interesting commercial bank on the list of best companies to buy shares in Nigeria, and also on the top list of Nigeria stocks with high dividends. The UBA Plc distributes a total of N2.8 per share, with a 5 kobo interim dividend and a final dividend of N2.3.

UBA stock generated a dividend yield of over 11.89% as its share price was at N24. Its recorded net income based on the Annual Report was N607.7 billion for the year 2023, and it paid about N95 billion in total dividends. This displays the payout ratio of 15.8% of the net income.

How to Buy Shares from UBA Plc in Nigeria:

Purchasing shares from UBA Plc is a good decision to make due to its high dividend yield; follow the easy process below to get a share from the UBA Plc Company in Nigeria:

• Get a Brokerage and CSCS account
• Submit the required documents
• Fund your Brokerage account
• Place your “BUY” order on the platform
• Execute your trade

With an existing CSCS account, it’s ensured that your shares are held safely, and can easily be transferred when it’s needed.

Lafarge Africa

Lafarge Africa is an interesting company in Nigeria, formerly known as Lafarge Cement WAPCO Nigeria Plc, this company is involved in manufacturing and marketing cement products.

The Lafarge company branches include Elephant Cement, Ashaka Cement, Atlas Cement, Supaset Cement, and Powermax Cement.

Lafarge Africa Plc financial position: Back on March 31, 2025, the company reported its total assets of about N914.79 billion; when compared to N990.51 billion on December 31, 2024, there was a fallout within the years.

Lafarge Africa Cash Flow: The Company’s net cash flow used in operating activities for Q1 2025 was N118.36 billion when compared to N60.69 billion within the same period last year.

Follow the steps outlined in the previous company’s explained in this article to buy shares from Lafarge Africa Plc, they all have similar processes.

Guinness Nigeria

Guinness Nigeria is a public company, and one of the top beverage companies listed on the Nigeria Stock Exchange market. It was incorporated in 1963 and is the only beverage alcohol in Nigeria.

The company’s business is to manufacture and sell drinks across all categories, such as alcohol and non-alcoholic beverages, which include iconic local and international brands like Guinness, Origin, and Johnnie Walker whisky.

Diageo, a leading drink manufacturer company, is the major shareholder and is listed on the London Stock Exchange and New York Stock Exchange.

How to Buy Shares in Nigeria from Guinness Nigeria:

To purchase shares from Guinness Nigeria Plc, you’ll need to create an account, a trading account online, using an online stockbroker, and consider the broker procedures; you can then trade stocks that are traded on the Nigeria Stock Exchange (NGX).

Follow the breakdown below to avoid complications when buying shares from Guinness Nigeria:

• Create your personal stockbroker account
• Fund your account
• Locate and Buy Guinness Nigeria Shares; you can use the stock ticker, place your order, and confirm the trade.
• Monitor your investments.

MTN Nigeria Communications Plc

The MTN Nigeria Communications Plc offers cellular telecommunication services in Nigeria. It provides cellular network access and information and communications technologies (ICT) solutions. Also, they provide internet services, which include video calling, data services and internet browsing, mobile internet and Wi-Fi services.

Additionally, MTN Nigeria Communications Limited offers international roaming services, which include data roaming, in-flight roaming, and Wi-Fi roaming services.

There are more other services the company offers, which include voice short message service (SMS), mobile newspaper, radio, back up, conference call, missed call alert services, and much more.

How to Buy Shares in Nigeria from MTN Nigeria Communications Plc:

Getting shares in Nigeria from MTN Nigeria Communications Plc would need a CSCS account, so you need to create one. Then, also create a brokerage account, and place your order through them. The shares can be traded on the Nigeria Exchange Limited (NEL).

Follow the outlined steps as discussed in the previous sections above in this article. The steps can also be applied when buying shares from MTN Nigeria Communications Limited.

Dangote Cement

Dangote Cement Plc (NGX: DANGCEM) is Nigeria’s largest cement producer and a leading company in the Nigerian Exchange Group (NGX). As of April 23, 2025, its share price stands at ₦480.00 per share, with a total of 17.04 billion shares outstanding.

How to Buy Dangote Cement Shares in Nigeria

Investing in Dangote Cement shares comes with the following steps:

• Select a Licensed Stockbroker: Choose a registered Nigerian stockbroker such as Meristem, Stanbic IBTC Stockbrokers, or Afrinvest.

• Open a Brokerage Account: Complete the account opening process by providing the necessary documentation, including valid identification and proof of address.

• Obtain a CSCS Account: Register for a Central Securities Clearing System (CSCS) account; this is recommended for trading on the NGX. Your broker can walk you through the process.

• Fund Your Account: Deposit funds into your brokerage account to allow you to purchase shares.

• Place a Buy Order: On your broker’s trading platform, search the ticker symbol “DANGCEM” and place an order specifying the number of shares you want to purchase.

• Monitor Your Investment: Frequently review your investment’s performance and stats to stay informed about company news and market trends.

Dangote Sugar Refinery PLC:

As of April 26, 2025, Dangote Sugar Refinery PLC (NGX: DANGSUGAR) stands at a point juncture, balancing between recent financial headwinds and promising growth forecasts.

The company’s stock has faced notable fluctuations. After a significant decline of 42% in 2024, the shares have rebounded with a 13.85% year-to-date gain in 2025. As of April 24, 2025, the share price closed at ₦39.35 on the Nigerian Stock Exchange.

In 2024, Dangote Sugar reported a substantial revenue increase of 50.8%, reaching ₦665.7 billion. On the other hand, this was overlapped by a net loss of ₦192.6 billion, a significant rise from the ₦73.7 billion loss in 2023.

Dangote Sugar Refinery PLC presents a complex investment profile, marked by significant growth potential roughed by recent financial setbacks. Investors are advised to conduct thorough due diligence and consider both the opportunities and risks inherent in the company’s current trajectory.

Stanbic IBTC Holdings:

As of April 26, 2025, Stanbic IBTC Holdings PLC (NGX: STANBIC) keeps on demonstrating robust financial performance and shareholder value, strengthening its position in Nigeria’s financial sector.

Stanbic IBTC’s share price stood at ₦59.20 as of April 17, 2025, reflecting a year-to-date increase of 2.52% and a 12.5% rise over the past year. The company’s market capitalization is approximately ₦767.05 billion, indicating strong investor confidence.

Stanbic IBTC has maintained a strong commitment to shareholder returns:

• 2024 Final Dividend: ₦3.00 per share, totaling ₦38.87 billion, a 36.3% increase from 2023.

• H1 2024 Interim Dividend: ₦2.00 per share, amounting to ₦25.9 billion.

• The annual dividend yield stands at 8.45%, with a payout ratio of 29.23%, displaying sustainable dividend practices.

• As of June 30, 2024, Stanbic IBTC’s total assets grew by 19% to ₦6.1 trillion. Customer deposits increased by 19% to ₦2.5 trillion, and customer loans and advances rose by 6% to ₦2.2 trillion. The bank maintains a strong CASA ratio of 80.8% and a low non-performing loan ratio of 3.6%.

Stanbic IBTC’s consistent financial growth, prudent risk management, and commitment to shareholder value make it a compelling investment option in Nigeria’s banking sector. Investors should consider the company’s strong fundamentals and strategic positioning when evaluating investment opportunities.

Caverton Offshore Support:

As of April 26, 2025, Caverton Offshore Support Group Plc (NGX: CAVERTON), a prominent provider of marine, aviation, and logistics services in Nigeria’s oil and gas sector, is contending with significant financial headwinds.

In 2024, Caverton reported a substantial pre-tax loss of ₦53.6 billion, a marked increase from the ₦12.6 billion loss in 2023. This downturn was primarily due to escalating operating costs and significant foreign exchange losses. However, there was a 25.6% revenue growth to ₦40.1 billion, driven largely by flight contracts.

This marks the third consecutive year of losses for the company, highlighting ongoing financial challenges.

As of April 22, 2025, Caverton’s share price stood at ₦2.28, displaying a 41.6% increase over the past year. The company’s market capitalization is approximately ₦8 billion, with 3.35 billion shares outstanding.

In response to financial pressures, Caverton has embarked on several strategic initiatives:

• Joint Venture with NNPC and Stena Bulk: Caverton has partnered with NNPC Shipping and Swedish firm Stena Bulk to establish a new shipping line, aiming to enhance maritime transportation in Nigeria and West Africa.

• Naval Dockyard Partnership: Through its subsidiary, Caverton Marine Limited, the company has signed a concession agreement with Naval Dockyard Limited to manage and lease the GRP (Glass glass-reinforced plastic) Warehouse, focusing on revitalizing shipbuilding and manufacturing capacity

While Caverton faces similar financial challenges, its strategic partnerships and diverse efforts indicate a proactive approach to stabilizing and improving its financial standing.

Investors should watch over the company’s execution of these initiatives and their impact on future financial performance.

Oando PLC

Oando PLC (NGX: OANDO) is a prominent Nigerian energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), presenting a compelling yet volatile investment profile.

Oando’s share price closed at ₦40.50 on April 24, 2025, according to a 2.8% gain from the previous trading day.

Alright, here’s a clear guide on

How to buy Oando PLC shares if you’re in Nigeria:

1. Choose a Stockbroker

You’ll need a licensed stockbroker that operates on the Nigerian Exchange (NGX).

 Examples include:

• Stanbic IBTC Stockbrokers
• Meristem Securities
• Chapel Hill Denham
• Afrinvest
• Investment One
• Or online platforms like Chaka, Trove, Risevest, and Bamboo.

Make sure the broker is registered with Nigeria’s Securities and Exchange Commission (SEC).

2. Open a Trading Account

• Please fill out their account opening form (online or in person).
• Provide valid ID (International passport, National ID, or Driver’s license).
• Provide proof of address (Utility bill).
• Set up a CSCS account (Central Securities Clearing System) — it’s like a “bank account” for your stocks.

3. Fund Your Account

• Transfer money (naira) into your broker’s client account.
• Some platforms even allow funding via card payments or direct bank transfers.

4. Place Your Order

• Tell your broker you want to buy Oando PLC shares.
• On mobile apps, you search “OANDO” and place a buy order.

5. Watch and Manage

• After purchase, your shares are deposited into your CSCS account.
• You’ll receive trade confirmation via email or in your stock app.
• You can then monitor Oando’s performance and even sell when you want.

If you want to receive dividends make sure you give your broker your correct bank account details.

Julius Berger Nigeria PLC:

Julius Berger Nigeria PLC (NGX: JBERGER) is still a prominent company in Nigeria’s construction and infrastructure sector. Although, the recent market fluctuations, the company’s strong financial performance and strategic initiatives keep on attracting investor interest.

Julius Berger’s share price closed at ₦137.00 on April 25, 2025, reflecting a year-to-date decline of 11.8% from its opening price of ₦155.25. On the other hand, over the past 12 months, the stock has appreciated by approximately 134%, displaying significant long-term growth. The company’s market capitalization is currently at ₦219 billion, ranking it as the 36th most valuable stock on the Nigerian Exchange (NGX).

After the financial year ended on December 31, 2024, Julius Berger reported the following:

• Revenue: ₦566.2 billion, up from ₦443.4 billion in 2023.
• Profit Before Tax: ₦29.6 billion.
• Net Income: ₦14.7 billion, an increase from ₦12.4 billion in the previous year.
• Earnings Per Share (EPS): ₦9.20, compared to ₦7.78 in 2023.

While the stock has experienced short-term volatility, Julius Berger’s strong financial performance, steady dividend payouts, and strategic spread place it as a compelling investment opportunity in Nigeria’s industrial sector.

Nigerian Brewery Plc:

Suppose you are looking for the best companies to invest in Nigeria. In that case, the Nigerian Breweries Plc is one of the leading breweries in Nigeria and the world. Established in 1946, the company has dominated both the alcohol and no alcohol industry through the production and marketing of a wide range of alcoholic and non-alcoholic beverages.

The company has diversified its portfolio to cater to various segments. This, plus a good track of its drastic progress and mind-blowing profit, has gained the attention of big and small investors to pick interest in buying the company’s shares.

Not only that, its ability to control and manage its sectors of beverages, penetration into the market and sustainability and dividend payment has been a pillar that has been keeping the company going.

Guaranty Trust Holding:

Headquartered in Nigeria’s business hub, Lagos State, the Guarantee Trust Bank Plc, popularly known as GTBank Plc, is one of the best-performing multinational and financial services providers showcasing potential fast growth, thereby making its company a great choice for potential share investors.

With its outstanding performance in its financial profits, the company still claims to hjave something huge along the way. With its healthy financial metrics, Guaranty Trust Holding the considered to be the best in the banking industry.

Presco Plc

This is a palm oil company that has been experiencing a drastic increase in its annual profit share buy, and dividends. For the past 2 years, the company was able to cover an interim dividend of N2, distributing N26.3 of dividend per share with a final dividend of N24.3

The stock is the key m, a major player that generated a dividend yield of 9.84% for the financial year of 2023 alone. This company, Presco Plc, shared N26.3 billion in dividends from N32.7 billion net income generated in the year 2023. This covers a dividend payout ratio of 80.5%

Trancorp Hotels Plc:

This is one of the best places to buy shares in Nigeria. This hospitality company is among the fastest dominant in Nigeria and is owned by a well-known prestige firm. Transnational Corporation of Nigeria is an added advantage to anyone who wishes to invest with the company.

Transcorp Hotels Plc is backed by popular tourism and business travel growth. Also, the company owns the Transcorp Hilton Hotels located in Calabar and Abuja.

Fidelity Bank Plc:

Fidelity Bank is the leading commercial bank in Nigeria, the firm has announced a total dividend of about 85 kobo each share in the 2023 financial year. These are interim dividends of 25 kobo as well as the final dividend of 60 kobo.

As of April 2024, the Fidelity Bank shares were N9 where investors were earning a good return of about 9.24% from the dividend only.

Additionally, Fidelity Bank generated a profit of about N99.45 billion and its shareholders were paid about N27.2 billion. However, this payout is just about 27.4% of the bank’s profit. This is one of the highest of its kind that has been seen in Nigerian banks.

Meanwhile, if you are still contemplating on the best company to invest in, fidelity bank will be one the best place to be.

First Holdco Plc:

With a remarkable interest in insurance, banking as well as asset management, Also known as FBN Holdings Plc, First Holdco Plc is one of the leading financial service companies in Nigeria.

Due to outstanding results of its performance on dividend payout and its significant role in the Nigerian economy, First Holdco Plc has attracted many investors. The company is a go area when it comes to a long-term investment plan. Its stock shows a nice market cap and trading activity.

Conclusion

Selecting and using the best shares in Nigeria is not just about choosing the highest-performing or most popular stocks. This is about aligning your choices with your investment goals, risk profile, and sector preferences.

Take note: every investment journey is unique. Meanwhile, take your time, do your research, and make the necessary decisions.

So, are you ready to start your share-buying journey in Nigeria? For more information, visit our official platform, and don’t hesitate to share.

Frequently Asked Questions About How to Buy Shares in Nigeria