How to Buy Nigerian Stocks with Your Phone
Learn how to buy and sell Nigerian stocks directly from your smartphone in 2025. Detailed guide, trusted apps, and beginner investment tips for Nigerians.
October 10, 2025 21:08
How to Buy Nigerian Stocks with Your Phone (2025 Step-by-Step Guide)
Introduction
Buying Nigerian stocks no longer requires a stockbroker or a trip to the exchange office. You will buy, sell, and manage shares from your smartphone within minutes.
Mobile trading platforms approved by the Securities and Exchange Commission Nigeria make investing simple and accessible. Whether you are a student, employee, or small business owner, you will start investing with as little as ₦1,000.
This guide explains, step by step, how to buy Nigerian stocks from your phone. It covers trusted apps, account verification, funding, research, order placement, portfolio management, and withdrawal.
What Is the Nigerian Stock Exchange (NGX)?
The Nigerian Exchange Group (NGX) lists public companies. When you buy a stock, you own a part of that company.
You earn in two ways:
- Dividends —profit paid to shareholders.
- Capital gains —profit from selling shares at a higher price.
Popular NGX listings include:
- MTN Nigeria Communications Plc
- Dangote Cement Plc
- Guaranty Trust Holding Company (GTCO)
- Zenith Bank Plc
- BUA Foods Plc
Track official prices and company data on the NGX site: https://ngxgroup.com
Why Buy Nigerian Stocks in 2025
The market grew since 2022 as mobile apps opened access to more investors.
Reasons to start now:
- Low entry amount, from ₦1,000
- Easy access via mobile apps
- Regulation by SEC Nigeria
- Dividend income and long-term growth
- Ownership of major Nigerian brands
Requirements Before You Start
Prepare these items before you invest:
- A smartphone with internet
- Valid ID: National ID, Voter’s Card, or Passport
- Bank Verification Number (BVN)
- Active Nigerian bank account
- At least ₦1,000 to start
These are standard SEC KYC rules for investor protection.
Step 1: Choose a Licensed Investment App
You must use a licensed broker or app connected to NGX. Below are trusted, SEC-approved platforms in 2025.
Trove
Website: https://www.troveapp.co
Offers local and US stocks. Wallet funding works by bank transfer. The interface suits beginners.
Chaka
Website: https://chaka.ng
Provides real-time market data and a simple KYC flow. Licensed by SEC Nigeria.
Bamboo
Website: https://investbamboo.com
Supports Nigerian and international stocks. The app offers recurring investment options.
Risevest
Website: https://risevest.com
Focuses on managed portfolios and passive investors. Good for long-term strategies.
InvestNow
Website: https://investnow.ng
Operates with Meristem Securities and targets Nigerian equities with research support.
Step 2: Create and Verify Your Account
Follow these steps to open an account:
- Download the app from Play Store or App Store.
- Tap Create Account and enter your name, email, and phone number.
- Upload a valid ID and enter your BVN.
- Wait for verification, typically 24 to 48 hours.
After verification, your account becomes active for funding and trading.
Step 3: Fund Your Investment Wallet
Fund your wallet before placing orders. Common methods include bank transfer, debit card, and virtual account deposit.
Example process on many apps:
- Open Wallet
- Select Fund Account
- Choose payment method
- Deposit from ₦1,000
Funds reflect quickly on most platforms.
Step 4: Research Before Buying
Do research before you invest. Use the app tools and NGX resources for company data.
Key items to check:
- Current price and price history
- Dividend yield
- Financial statements and earnings
- Industry and macro trends
Stocks suitable for many beginners:
- GTCO Holdings
- MTN Nigeria
- Dangote Cement
- BUA Foods
- Zenith Bank
Step 5: Place Your First Order
To buy a stock:
- Open the app and search the ticker or company name.
- Select Buy.
- Enter the amount or number of shares.
- Review fees and confirm the order.
Your purchased shares will appear in your portfolio shortly after the trade executes.
Step 6: Track and Manage Your Portfolio
Use app features to monitor performance. Typical tools include live charts, profit and loss reports, and news feeds.
Check your portfolio regularly but avoid emotional reactions to short-term moves. Focus on long-term progress.
Step 7: Withdraw Profits
To withdraw funds:
- Open Withdraw in the app.
- Enter your bank account details.
- Specify the amount and confirm.
Withdrawals usually process within 24 to 48 hours.
Step 8: Stay Updated on Market News
Follow reliable sources for market updates and company reports:
How to Verify a Legit Stock App
Confirm legitimacy before you link funds. Use these checks:
- Verify registration on SEC Nigeria
- Confirm a registered office address
- Check user reviews on Play Store or App Store
- Ensure secure payment gateways
- Confirm customer support contacts
Common Mistakes New Investors Make
- Investing without research
- Putting all funds into one stock
- Following hype on social media
- Selling after small gains
- Ignoring company performance reports
Avoid these errors to protect capital and build steady returns.
Expected Returns on Nigerian Stocks
Returns vary by company and holding period. Sample outcomes from recent years:
- MTN Nigeria —annualized gains around 20% in strong years
- BUA Foods —regular dividend payments
- GTCO —steady long-term growth and dividends
- Dangote Cement —liquid stock with stable returns
Long-term holding often produces better results than frequent trading.
Tax and Dividend Payments
Dividends will appear in your wallet or linked bank account. Most Nigerian companies pay dividends once or twice per year. Capital gains tax does not apply to individual investors in Nigeria.
Advantages of Buying Stocks with Your Phone
- Access to markets anywhere
- No paperwork or in-person broker visits
- Low minimum investment
- Instant trade confirmations
- Regulated environment for investor protection
Thoughts
Mobile investing makes ownership of top Nigerian companies possible for many people. Start small. Learn often. Build a diversified portfolio over time.
Use trusted platforms, follow verified market sources, and focus on long-term gains.
Ready to invest? Download a licensed investment app and make your first purchase today.
