How to Buy Nigerian Stocks from Your Phone – A Step-by-Step Guide for Beginners

Owning Nigerian stocks means you get to be a part-owner of big companies like MTN, Dangote, Airtel, GTBank, and more. It’s one of the easiest ways to build long-term wealth, earn dividends, and grow your money over time – even if you’re not rich or a finance expert.

If you’re new to Nigerian stocks, I recommend reading [Article 1: Nigerian Stocks 101 – A Beginner’s Guide to Investing in Local Companies] first to understand the basics before buying your first share.

In this guide, I’ll walk you through how to buy Nigerian stocks directly from your phone, using a stockbroker app. I’ll also include real screenshots and simple steps to help you get started confidently.

Step 1: Find a Stockbroker App

For this guide, I’ll use InvestNaija. I chose this app because of the CEO, Bolaji Balogun and his team. InvestNaija is owned by Chapel Hill Denham, a reputable financial firm.
Download it from the Playstore or Apple Store, feel free to use my referral code ADAY0680.

Step 2: Fund your Wallet

After installation, add money to your wallet. I recommend starting with at least ₦500, but I’m using ₦5,100 here.

Step 3: Navigate to the Investment Screen

Tap the ‘InvestIn’ option at the bottom as shown below.

Or choose either option below on the Home screen to proceed. All the 3 options leads to the same place.

Step 4: View your Portfolio

Tap the ‘View Portfolio’ button as shown below.

Step 5: Fund your Trading portfolio

Your Purchasing Power and Available Cash will show zero initially. Tap ‘Fund Account’ to move money from your wallet to your trading account.

Step 6: Enter amount to transfer

Input how much you want to move from your wallet to your trading account.

Step 7: Select Wallet as payment method

Choose your wallet as the payment source.

Step 8: Confirmation screen

You’ll see a confirmation if the transfer was successful.

And, your trading dashboard balance will update.

Step 9: Explore stocks

Under ‘InvestIn,’ tap ‘See all’ to browse all listed companies on the Nigerian Exchange (NGX).

Step 10: Search for ‘GTCO’

We’ll buy Guarantee Trust Bank (GTBank) stock as an example.

Step 11: Why GTBank?

I’ve tracked GTBank’s performance and it consistently bounces back strong when prices dip, making it a reliable choice.

Tap ‘Buy More’ to open the purchase form.

Step 12: Fill the Stock Purchase Form

All options are explained in the app. Adjust the number of units based on your available funds. Currently, GTCO trades at about ₦70 per share.

Step 13: Review and Buy

Check your purchase summary carefully, then tap ‘Buy Stock’ when ready.

Step 14: Purchase success

If successful, you’ll see a confirmation screen. If funds are insufficient, adjust your purchase.

Step 15: Trade Order Status

You’ll be redirected to trade orders where the status shows ‘Executing’ and then ‘Executed’ once confirmed.

Step 16: Cancel Trade Orders

If needed, you can cancel pending orders by selecting them and tapping ‘Cancel order.’

What’s next?

• If you use a ‘Limit (Buy at my set price)’ order and the price changes before completion, the order stays pending until the set price is met. You can cancel and place a new order anytime.

• After your order is executed, you’ll receive app and SMS notifications confirming the purchase.

  

• Hold your stocks to earn dividends, usually paid after a year. You’ll get alerts when dividends are paid.

  

Wrapping Up

Buying Nigerian stocks is easier than many people think, especially with user-friendly apps like InvestNaija. By becoming a part-owner of well-known companies, you can start building long-term wealth and enjoy dividends even if you’re new to investing.

Remember, investing comes with risks, so always do your own research and consider speaking to a licensed financial advisor before making any decisions.

Start small, learn as you go, and stay patient – investing is a journey, not a sprint.

Now that you know the steps, why not give it a try and take your first step towards financial growth?

Happy investing!