MTN Nigeria will on Thursday list 20.3 billion shares on the Nigerian Stock Exchange (NSE) at N90/share.
By listing MTN on the Nigerian Stock Exchange, its shares can now be traded everyday by buyers and sellers. Until, now this was not possible as its shares were held privately by its investors. You could only previously buy and sell MTN shares in South Africa and until last year’s Ghana IPO.
Here are a few steps you need to take, if you are interested in buying them, and have never bought shares before.
Step 1: Open an account with a stockbroker
You need to open an account with a stockbroker. A stockbroker is licensed to buy and sell shares and other instruments. The NSE and SEC have a list of licensed stockbrokers you can choose from.
Requirements to open a stockbroking account are essentially the same as what you would need to open a regular bank account.
Step 2: Fund your account
Once you’ve opened an account with a stockbroker, you need to fund it. MTN is likely to be listed at N90 per share
Step 3 The last step
Place an order. Some of these brokers have online platforms, so if you’re tech savvy you can do the buying and selling yourself. if you are not, you can send an email to your stockbroker, instructing them to do so. You don’t have to wait till Thursday.
Credits: Olúwatósìn Olaseinde