How to Buy MTN Shares – Step-by-Step Guide for Beginners

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MTN Nigeria is one of the biggest and most profitable companies in the country. Because of the size of the company, its strong customer base, consistent profits, and steady growth, many Nigerians want to buy MTN shares and become part-owners of the business.

The good thing is that buying MTN shares is now very easy, thanks to digital investment apps and licensed stockbrokers. You don’t need to be an expert in finance. As long as you have a smartphone, a BVN, and a little money, you can buy MTN Nigeria shares from anywhere.

This guide will show you step-by-step how to buy MTN shares, how much you need, the requirements, where to buy, and how MTN shares work.

Let’s begin.

Is MTN Listed on the Nigerian Stock Exchange?

Yes.
MTN Nigeria Communications Plc is listed on the Nigerian Exchange Group (NGX) with the ticker name:

MTNN

This means you can buy and sell MTN shares legally through any licensed stockbroker or digital investment platform approved by the Securities and Exchange Commission (SEC) in Nigeria.

Why Many Nigerians Are Buying MTN Shares

Before buying MTN shares, it is good to understand why the stock is popular:

Strong customer base

MTN has over 80 million subscribers, making it the biggest telecom company in Nigeria.

Consistent profit

MTN continues to earn billions yearly from data, calls, fintech services, and digital services.

Good long-term investment

MTN Nigeria has a history of paying dividends to shareholders.

Easy to buy

MTN shares are available on different investment apps and stockbrokers.

Low entry barrier

You can start with a small amount and increase later.

Because of all these, MTN is considered a stable, long-term investment for beginners.

Requirements to Buy MTN Shares in Nigeria

To buy MTN shares, you need:

A smartphone or computer
A valid BVN
A bank account
A valid ID (NIN, voter’s card, driver’s license, or passport)
A CSCS account (your broker will open it for you)
Internet access

Once these are ready, you can begin your investment journey.

How Much Do You Need to Buy MTN Shares?

You can buy MTN shares with any amount, depending on the current share price.

Example:
If MTN share price is ₦250 per share,
and you want to buy ₦10,000 worth of shares:

You will get:
10,000 ÷ 250 = 40 shares

You can invest small, medium, or large amounts depending on your financial capacity.

How to Buy MTN Shares in (All Methods Explained)

There are two main ways to buy MTN shares:

Method 1: Buy MTN Shares Through Digital Investment Apps

(Fastest and easiest)

Method 2: Buy MTN Shares Through a Licensed Stockbroker

(Official/manual process)

Let’s break them down.

Method 1: How to Buy MTN Shares Using Investment Apps (Easiest Way)

In , the easiest way to buy MTN shares is through SEC-approved investment apps such as:

Chipper Cash
Bamboo
Trove
Risevest
Chaka
I-Invest
LeadTrader (LeadCapital)
Stanbic IBTC e-Trade

These apps are safe because they work with licensed brokers and CSCS (Central Securities Clearing System).

Steps to Buy MTN Shares on Any Investment App:

1. Download the investment app

Install a SEC-approved stock investment app from Play Store or App Store.

2. Sign up with your details

Provide your:

Full name
Phone number
Email
BVN

3. Verify your identity

Upload your ID (NIN slip, voter’s card, passport, or driver’s license).

4. Fund your wallet

Use:

Bank transfer
USSD
Debit card

5. Search for MTN Nigeria (MTNN)

In the app, search for “MTN Nigeria” or “MTNN”.

6. Enter the amount you want to invest

Choose how many shares you want to buy.

7. Confirm purchase

Once you confirm, the app will buy the shares for you instantly.

8. Check your portfolio

You will now see MTN shares under your investment portfolio.

This method is the most beginner-friendly.

Method 2: How to Buy MTN Shares Through a Stockbroker (Traditional Method)

You can also buy MTN shares through a registered Nigerian stockbroker.

Approved brokers include:

Meristem Securities
Stanbic IBTC Stockbrokers
ARM Securities
CardinalStone
EFG Hermes
FBNQuest Securities
Chapel Hill Denham
CSL Stockbrokers

Steps:

1. Select a broker

Choose any licensed broker from NGX.

2. Open a trading account

Fill out a stock trading account form.

3. Broker opens your CSCS account

This is where your shares will be stored.

4. Deposit funds

Transfer the amount you want to use to buy MTN shares.

5. Place an order

Tell your broker:

“I want to buy MTN Nigeria (MTNN) shares.”

6. Broker executes your order

The shares will be bought and added to your CSCS account.

7. You receive proof of ownership

You get:

CSCS number
Contract note
Portfolio statement

This method is preferred by investors who want a more official process.

How to Check Your MTN Shares After Buying

There are two ways to check your MTN shares:

A. Through the investment app

Go to Portfolio → You will see your MTN share units.

B. Through CSCS website

Use your CSCS number to check your holdings.

7. How to Sell Your MTN Shares

Selling is as easy as buying.

If using investment apps:

Open your app
Go to Portfolio
Select MTN Shares
Click Sell
Enter amount
Confirm

Your money will reflect in your wallet.

If using a broker:

Contact them and place a sale order.

Does MTN Pay Dividends?

Yes!
MTN Nigeria pays dividends to shareholders, usually twice a year.

Once your shares are registered with CSCS, your dividends will be sent to your:

Bank account
Or provided as electronic dividend (e-dividend)

You can register for e-dividend to receive payments faster.

Is Investing in MTN Shares Worth It?

Many investors consider MTN a good investment because:

Strong financial performance
Growing number of customers
Consistent dividends
Expanding into mobile money and fintech
High demand for data services

If you want a stable long-term investment, MTN shares are worth considering.

Buying MTN shares in is simple and beginner-friendly. You can purchase shares through investment apps or licensed stockbrokers with just your BVN and a valid ID.

The easiest way to buy MTN shares is:

Use a SEC-approved investment app like Bamboo, Chipper, or Trove.
Search for MTNN, invest the amount you want, and you’re done.

Whether you want to invest small or large amounts, MTN is one of the most stable companies in Nigeria and a good option for long-term investors.

How to Buy MTN Shares – Step-by-Step Guide for Beginners