How to Become a MTN Shareholder in Nigeria

MTN is undoubtedly the biggest mobile network in Nigeria and their customers amount to about 67 million citizens. If you wish to become a shareholder of the billion dollar company, read on to know how.

How can you become an MTN shareholder
Becoming an MTN share holder is very simple, all you have to do is to purchase shares from the company. The company is listed on the Nigeria Stock Exchange (NSE) with N90 entry price and thus its shares can now be traded.

There are some requirements you need to meet before you can purchase MTN shares and become a share holder, they include;

⦁ You must be a retail or institutional investor in Nigeria
⦁ You must have a Central Securities Clearing System (CSCS) account
⦁ You must be registered with a certified Nigerian stockbroker

If you meet these requirements, you can now proceed to buy the shares. Shares are normally listed on Thursday which is when you have the chance to buy. Simply look for a willing seller, negotiate the offer price and make a deal.

You can do this through your stockbroker company which is why it is important to have an account with one. Once you deposit money into your stock brokerage account, you can enjoin your stockbroker to purchase the shares for you at your preferred offer price. If your price is accepted and payment is made, you have then become an MTN shareholder.

Below are some current top MTN shareholders who you can purchase shares from;

⦁ Victor Odili: an MTN share holder with 806,886,900 shares which is valued at N87.7 billion. He is the executive director of Aeromaritime Group.

⦁ Pascal Dozie: an MTN share holder with 340,409,900 shares which is valued at N37.07 billion. He is the founder of Diamond Bank.

⦁ Sani Mohammed Bello: an MTN share holder with 265,092,150 shares which is valued at N28.87 billion. He is the founder of Amni International Petroleum Development Company.

⦁ Babatunde Folawiyo: an MTN share holder with 218,815,100 shares which is valued at N23.83 billion. He is the managing director of Yinka Folawiyo Group.

⦁ Gbenga Oyebode: an MTN share holder with 181,776,250 shares which is valued at N19.8 billion. He is the founder and managing partner of Aluko & Oyebode Law Firm.

⦁ Ahmed Dasuki: an MTN share holder with 152,717,850 shares valued at N19.35 billion. He is the founder of Quaditect Consultants and the chairman of Drill Masters Africa.

Formerly, MTN shares where acquired privately and so a lot of shareholders now in the company are private owners. It might be difficult to get them to sell their shares unless if the offer price is a very good one. Nevertheless, MTN has made it known that they would soon be having an Initial Public Offering (IPO). This will create new shares for Nigerians to purchase.