MTN Nigeria - Afrikan Heroes

MTN Nigeria Completes Issuance of N115bn Fixed Rate Bonds

September 30, 2022

MTN Nigeria Communications Plc (MTN Nigeria) has completed its N115 billion Series 1 Fixed Rate Bond issuance, which was 1.68 times oversubscribed.

It represents MTN Nigeria’s first issuance under its new N200 billion bond programme and third bond issuance in the Nigeria debt capital markets.

The book build for the dual-tranche (four-year Tranche A and 10-year Tranche B) bond issuance commenced on September 15 and closed on September 21 with a total value of N168.54 billion in bids received, representing a 1.68 times oversubscription (of the intended N100 billion issuance).

The offer was well received with active participation from a diverse range of investors, including pension funds, insurance companies, assets managers, other financial institutions, and high net-worth individuals.

The Series 1 Tranche A and Tranche B Bonds were issued at a clearing coupon of 13.50% and 14.50%, respectively.

Of the total qualifying bids, MTN Nigeria opted to issue a combined value of N115 billion across both tranches — N10.09 billion in the four-year Tranche A and N104.91 billion in the 10-year Tranche B.

Commenting on the Series I Bond issuance, Karl Toriola, Chief Executive Officer of MTN Nigeria, said: “We are very pleased with the outcome of our third outing in the domestic bond market.

“We appreciate the investor community for the strong show of support and consider this to be an affirmation of their belief in MTN Nigeria’s value proposition.

“The Nigerian capital markets continue to present us with the opportunity to raise long-term financing to aid investments in our network and diversify our funding sources.

“We are very proud of this transaction and thank all parties who contributed to ensuring a successful bond offer.

Chapel Hill Denham Advisory Limited acted as the Lead Issuing House/Bookrunner, while Vetiva Capital Management, Absa Capital Markets Nigeria Limited, FCMB Capital Markets Limited, Rand Merchant Bank Nigeria Limited, Renaissance Securities (Nigeria) Limited, Stanbic IBTC Capital Limited and United Capital Plc acted as Joint Issuing Houses.

“The management of MTN Nigeria is firmly resolved in its strategy to add value to all stakeholders and the growth of the Nigerian telecoms industry.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN Hopeful Nigeria Will Renew its Licence Soon

August 5, 2021

Africa’s biggest telecoms operator MTN has said that it is expectant that the Nigerian authorities will renew its application for a 10 year licence renewal soon. The telco through its Nigerian subsidiary, MTN Nigeria was reported to have encountered delay in processing its licence renewal with the regulatory agency, the Nigeria’s Communication Commission (NCC) as the agency notes that the telcos application was still undergoing regulatory processing.

It could be recalled that early this year, MTN Nigeria announced that it was at an “advanced stage” in renewing its operating spectrum and licence from September. This spectrum encompasses the company’s data network and telecom coverage in Africa’s most populous country and largest economy.

The NCC has said that recent online media reports stating that the telco’s application for its licence renewal had already been granted are false. The NCC released a statement saying that;

“The Commission wishes to state that while MTN Nigeria has applied for the renewal of the Unified Access Service Licence (UASL) granted to it by the Commission, the application is yet to be approved as it is still undergoing required regulatory processes,” NCC said in a statement.

Despite its licence yet to be renewed, the telco has experienced increased revenues in the country across the first half of 2021.

MTN Nigeria Reports Increased Earnings Despite Significant Subscriber Loss

On 30 July 2021, MTN Nigeria released its unaudited results for the half-year ended June as the telco celebrates its 20th anniversary. The results show that its mobile subscriptions had declined by 7.6-million to 68.9-million.

Subscriptions had been significantly impacted by regulatory restrictions on new SIM sales and activations.

The impact of the industry-wide suspension of new SIM registrations was partially mitigated by higher usage in the company’s active SIM base, as well as the firm’s migration to “higher quality experience,” the telco says.

Despite losses in subscribers, the firm reported a 27.6% increase in half-year earnings before interest, tax, depreciation and amortisation (Ebitda), despite its sharp decline in subscriptions.

The CEO of MTN Nigeria said, in terms of the future, the operator is planning to invest N600-billion ($1.5-billion) over the next three years to expand broadband access across Nigeria.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN Nigeria Records Improve Revenue Despite SIM Sales Ban

August 3, 2021

MTN Group’s Nigerian unit has reported a 27.6% increase in half-year earnings before interest, tax, depreciation and amortisation (Ebitda), despite a sharp decline in subscribers brought about by regulatory restrictions on new Sim sales and activations.

Mobile subscribers declined by 7.6 million to 68.9 million. Despite this, service revenue was up by 24.1% to ₦790.3-billion in the six-month period to 30 June 2021. Ebitda came in at ₦417.2-billion, with the margin improving by 1.4 percentage points to 52.7%.

The regulatory Sim restrictions were lifted on 19 April, though the addition of subscribers since then has been slower than usual “due to new process requirements”.

MTN says it anticipates growth to normalise in the short term as more of our acquisition centres are certified for Sim registration.

Service revenue grew by 24.1% year on year, driven by the sustained growth in data and partly due to the lower base in comparative 2020 voice revenue that resulted from lockdowns during that period, it said.

“Voice revenue grew by 13.1%, benefiting from an 11.8% increase in traffic and our customer value management initiatives. The impact on voice revenue from the industry-wide suspension of new Sim registration was partly offset by higher usage in our active Sim base as well as migration to a higher quality of experience.”

Data revenue jumped by 48.3%, helped by increased customer usage and supported by the acceleration of its 4G roll-out and access to additional spectrum at 800MHz. Data traffic rose by 83% year on year, while smartphone penetration was up by 5.8 percentage points to 49.3%. “Our 4G network now covers 65.1% of the population, up from 60.1% in December 2020.”

Fintech revenue rose by 48.2%, driven by increased adoption of Xtratime and the company’s core fintech services. Registered Mobile Money agents increased by 121 000 in the first half of 2021 to reach 515 000. Transaction volume increased by 281% year on year, with the active MoMo subscriber base now more than 6.1 million, up 180% year on year.

Capital expenditure in the six-month period was up by 39.1% to ₦186.4-billion. The company declared a dividend of ₦4.55-kobo/share, up 30% on a year ago.

The company’s CEO, Karl Toriola, also announced plans to build a new head office in Nigeria.

“In line with our desire to plant deeper and more permanent roots in Nigeria, we have initiated plans to commission a purpose-built, state-of-the-art MTN head office, designed to act as a central hub for our network, a catalyst for creativity and innovation, and a showcase for the flexible working structures that are driving efficiency gains in this new normal working environment,” Toriola said.

“Aligned with our wider commitment to environmental sustainability, it will meet the highest global environmental standards, demonstrating the role of green technology in our future.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN Nigeria Poised for Fintech Leadership

May 5, 2021

Africa’s Nigeria’s leading telecoms provider, MTN Nigeria is poised to become a fintech leader with the progress it is making towards increment in the data, digital, and fintech revenue even as voice revenue growth remains tepid. The telcos recently released a financial report for the first quarter of 2021, showing strong performance despite losing five million customers.

It could be recalled that in August 2019, MTN launched its mobile money business, MoMo, in Nigeria. Its competitors are companies like OPay and Paga, both of which have talked up some impressive figures at different times.

OPay has claimed to have over 300,000 agents and said that in December 2020, it processed $2 billion in payments. In comparison, MoMo’s progress has been overlooked by observers and analysts.

A recent policy by the Nigerian Communications Commission (NCC) suspended the registration of new SIM cards. This suspension meant that as telecoms operators like MTN lost subscribers through churn, they could not add new customers. Active data users also declined marginally by 71,000 to 32.5 million.

Despite the decline, MTN still showed strong performance in Q1 as Profit before tax grew by 33.9% to N102.9 billion. Karl Toriola, the company’s CEO, summarised the performance perfectly, “We made good progress in the first quarter of 2021 despite the continued impact of the COVID-19 pandemic.”

As voice revenue continues to slow down, data revenue is thought to be the future for telecoms companies, and by MTN’s Q1 results, that future looks bright. Data revenue brought in around 36.4% of total revenue.

Data contributes massively because of a corresponding increase in how people are using data. MTN recorded an 86.7% increase in data traffic and a 48.5% increase in usage (MB per user) from the existing base.

MTN has expanded its 4G coverage to about 61.8% of the population but what’s more interesting is that in Q1, it added 1.2 million smartphones to its network. 47.5% of the company’s customers now use smartphones.

It is easy to see why analysts say that data revenue is the future when you consider that less than 47.5% of its customer base contributes over 35% to its total revenue. When smartphone penetration moves to the region of 70%, data revenue could grow even more significant. But data revenue isn’t the only thing that is growing, with MTN showing real promise in its fintech efforts.

In Q1, the number of MoMo agents increased by 54,000 to 449,146. The volume of transactions processed was over 24 million in the quarter, up more than four times YoY, from an active base of 4.6 million subscribers.

While the number of agents is hardly the best mark of progress since agents serve many masters, its transaction volume, which is verified by auditors, is likely to be one of the more accurate figures we will see in the space.

On the back of that, fintech revenue rose by 28.5% and MTN said that the pandemic accelerated the adoption of MoMo. Digital revenue from mobile advertising, MusicTime and instant messaging grew by 101.0% despite the fact that the number of active digital users remained flat at 2.8 million.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN Nigeria Acquires Additional 800MHz Spectrum

March 13, 2021

As the quest for its broadband penetration gains traction, Africa’s leading telco, the Mobile Telecommunications Network (MTN) through its Nigerian subsidiary has acquired an additional 10MHz spectrum in the 800MHz band from Intercellular Nigeria Limited. This acquisition was completed with the final approval from the Nigerian Communications Commission (NCC) which assigned the frequency. MTN said this acquisition will significantly improve its customer experience.

“Through this acquisition, we will be better positioned to support the deepening of broadband penetration in the country,” says Karl Toriola, CEO of MTN Nigeria.

“The added resources will also greatly impact our customers’ experience providing even better internet connectivity. It is our goal to keep finding ways to grant everyone access to modern connected life.”

It could be recalled that the MTN Group announced recently, the addition of 29 Million Subscribers Despite a Challenging 2020 to reach a total of 280 million across 21 markets. The group also reported a 52% increase in adjusted headline earnings per share, a four percentage point increase in return on equity to 17% and a more than doubling in operating cash flow to R28,3 billion.

“We continued to perform favourably against our medium-term targets,” says MTN President and CEO, Ralph Mupita. “In constant currency terms, service revenue grew 11,9% to R170 billion and EBITDA increased by 13,4%, maintaining our strong operating leverage. The Group’s EBITDA margin improved by 0,9pp to 42,7%, benefiting from the execution of our expense efficiency programme.”

The solid results were supported by growth in MTN’s larger operations as well as a broad-based improvement across all regions. As well as managing the risks of COVID-19, the telco is reportedly alive to the opportunities presented by the pandemic – particularly the accelerated need for digitalisation evidenced in the greater adoption and usage of MTN services.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN Nigeria Records Substantial Subscribers Growth

March 2, 2021

With the publication of its financial year results ending December 2020, MTN Nigeria shows it has upped its market leadership position by a wide margin with an increment of 12.2 million mobile subscribers bringing the total 76.5 million. Add to that, MTN also recorded active data users’ increase of 7.4 million taking the total to 32.6 million. These subscriber records had positive financial impact on the bottom line of the telecoms company as service revenue was increased by 14.7% to NGN1.3 trillion, earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 9.7% to N685.7 billion. Also, EBITDA margin declined by 2.5 percentage point (pp) to 50.9%, profit before tax (PBT) grew by 2.6% to N298.9 billion while earnings per share (EPS) rose by 0.9% to N10.

Calvin Collett, the Managing Director of MTN South Africa’s ISP, — Calvin Collett, the Managing Director of MTN South Africa

Interestingly, this is happening at a time the company is working assiduously to improve its infrastructure with the launching of its Supersonic AirFibre offering in South Africa. The product is said to overcome distance and a lack of infrastructure in urban, township and rural communities to bring fibre-quality connectivity to more households across the country. In the words of Calvin Collett, the Managing Director of MTN South Africa’s ISP, MTN is breaking down the traditional barriers to entry that have denied much access to a modern, connected life, adding that “from Soweto to Swellendam, we believe that every household deserves the speed and benefits of fibre-like connectivity, and through AirFibre we believe we can achieve this.”

Supersonic AirFibre is expected to bring high-speed, inexpensive, and uncapped connectivity solutions to areas in which traditional fibre installations are not available. Built on unlicensed spectrum, the solution was designed, built and is maintained by MTN’s technology team to deliver a network quality that is in line with MTN’s standards, at affordable rates.

Due to the current major lack of available spectrum, MTN has located unlicensed spectrum – a readily available resource – and combined it with innovative technology now available to effectively leverage open spectrum. This is something that was previously not possible or stable. Supersonic AirFibre will be made available in areas where customers register their demand for the offering.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN Nigeria and Gameloft Partners to Launch Gameworld

November 27, 2020

Chief Digital Officer of MTN Nigeria, Srinivas Rao

Leading telecoms firm, MTN Nigeria has partnered with Gameloft to launch MTN Gameworld – a new gaming platform for its subscribers. The platform is expected to offer the Nigerian gaming community access to a variety of fun and exciting games online through an extensive premium catalogue from Gameloft and other renowned publishers.

The Chief Digital Officer of MTN Nigeria, Srinivas Rao speaking on the partnership said, “we are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will provide customers with a choice of games which they can play at subsidised data rates. Through the MTN Gameworld app, users can stay up-to-date with new titles that can be streamed or downloaded. It is compatible with Android, iOS and Windows phone devices providing access to unlimited fun. Subscription is available through SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN embarks on major management reshuffle, Appoints New CEO, Risk Officer

October 27, 2020

Africa’s largest telecoms company, MTN Group has embarked on major management reshuffle across its operations in Africa starting with the appointment of Karl Toriola, current Vice President of MTN Group’s West and Central Africa (WECA) region, as the new CEO of MTN Nigeria – effective 1 March 2021. Toriola will take over as MTN Nigeria CEO from Ferdi Moolman, who has served MTN Nigeria with distinction in this role for the past five years. Moolman will return to South Africa, where he will assume the new role of Group Chief Risk Officer.

Toriola has a BSc Hons in Electronic and Electrical Engineering and an MSc in Communication Systems. In his five years as VP of MTN’s WECA region, he has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years. In addition, the WECA markets have made significant commercial and strategic strides, including the improvement of market share and the development of mobile financial services. The latter in particular is an important driver of the group’s medium- to long-term growth strategy.

Since joining the group in 2006, Toriola has also held a number of senior operational roles at MTN, including chief technical officer of MTN Nigeria and CEO of MTN Cameroon. He is also a board member on a number of companies within the group, including MTN Nigeria. His successor for VP of WECA will be announced after the group strategy review is completed by the end of November 2020.

“Karl brings extensive technical and commercial experience, as well as a deep understanding of the Nigeria market to the role,” says MTN Group President and CEO, Ralph Mupita.

“Karl started his MTN career in his home country at MTN Nigeria 14 years’ ago and has all the attributes necessary to lead this very important business into the future.”

Ferdi Moolman who has been appointed as the Group Chief Risk Officer, a new Executive Committee (exco) position – effective from 1 March 2021 joined MTN in 2002 and has held several senior positions within the group in Nigeria and in Iran. He has spent the past five years as the CEO of MTN Nigeria and, as its CFO prior to that. During that time, the company says that significant progress has been made in stabilising the business and setting it on a sustainable growth path. That’s why the management of enterprise-wide risk is integral to MTN’s growth strategy.

Moolman will bring extensive operational and financial experience to the role given his deep knowledge of the MTN Group, its markets and the telecoms sector. He will remain on the board of MTN Nigeria and will in due course be appointed to other material subsidiary boards given his new group responsibility. “Ferdi has been an exemplary leader of MTN Nigeria and has put the business on a sound growth platform for the future,” says MTN Group President and CEO, Ralph Mupita.

“He brings significant strategic, financial and operational experience to the new group risk role, where we want to ensure that our enterprise-wide risk management systems are continuously strengthened and remain resilient as we drive our growth strategy.”

Also, the telco appointed Rahul De – current CMO of MTN Nigeria – to CEO of its operations in Liberia – starting 1 November. replaces Uche Ofodile who departed Lonestar Cell MTN in July to become the CEO of MTN Benin. With 23 years of experience in the telco space, ranging across multiple geographies, De has spent the last two decades in senior leadership roles driving growth and leading business transformation.

“I would like to congratulate Rahul on his appointment,” says Mupita. “Rahul is a seasoned leader renowned for driving innovative digital and FinTech advancement in our business and in the telecommunications industry.”

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry

MTN gets mobile money licence in Nigeria

July 30, 2019

Group to benefit from efforts to give millions of Nigerians without bank accounts access to financial services.

A subsidiary of MTN Nigeria has been awarded a license by the country’s central bank that would allow it to provide financial services, the telecoms firm said on Monday.

Nigeria announced last year that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to mobile money services, a policy that has been successful in Kenya.

SA’s MTN Group, which owns a majority stake in MTN Nigeria, said at the time it would apply for a mobile banking license in Nigeria and planned to launch the service in 2019. Since then, MTN Nigeria listed in Lagos in May in a 2-trillion naira ($5.6bn) debut, which turned it into the exchange’s second-largest stock by market value.

MTN Nigeria’s CEO, Ferdi Moolman, said on Monday its Yello Digital Financial Services (YDFS) unit had been granted a “full super-agent” license by the Central Bank of Nigeria.

“Through the network established by YDFS, MTN is in a position to broaden the availability of financial services for the underserved across the country. This marks a very important first step in leveraging our infrastructure to scale our fintech initiatives,” said Moolman.

“We have also applied for a payment service bank license, which will enable us in time to offer a broader and deeper range of financial services to those communities and we remain hopeful we will receive approval shortly,” he said. He did not give specifics.

MTN runs Nigeria’s biggest mobile phone network serving about 56-million people.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.

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MTN Nigeria Lists On The Nigerian Stock Exchange Today

May 16, 2019

MTN Nigeria is expected to sound the gong and begin trading on the Nigerian Stock today. Barring any unforeseen circumstances, MTN Nigerian would be listing a total of 20,354,513,050 shares at N90 per share today.

When listed at N90 per share, MTN Nigeria would emerge the second largest company on the Nigerian Stock Exchange after Dangote Cement, with a market capitalisation of N1.83tn. So investors should get their money handy.

A shopper walks past an MTN shop at a mall in Johannesburg, South Africa, March 2, 2017. REUTERS/Siphiwe Sibeko

Key Things To Note About This Listing By MTN Nigeria

In March 2019, MTN announced its earnings for the 2018 financial year, recording growth above inflation in full service revenue of 17.2 per cent and the addition of nearly six million new subscribers to the network. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was N453.1bn and the company expanded EBITDA margins to 43.6 per cent (excluding the CBN resolution amount)

The company, also, recently announced aN48.4 billion Profit After Tax, PAT, for its first quarter, Q1, ended March 31, 2019, representing 50.2 percent increase compared to N32.2 billion recorded in the corresponding period in 2018.

MTN claims it can pay up to 80% of its earnings after tax as dividends.

The company just acquired more 607,462 new internet users in February, increasing MTN’s data subscription to 46,538,633 as against 45,931,171 in January

MTN said the proposed listing on the NSE would create a new telecoms asset class for investors and provide a wider group of Nigerians with a chance to participate in the MTN investment opportunity.

The listing on the NSE is one of the conditions reached in the resolution of the N330bn fine placed on the telco by the Nigerian Communications Commission for its inability to disconnect improperly registered SIM cards.

Related: MTN Nigeria Prepares To List On the Nigerian Stocxk Exchange, Converts To A Public Company

MTN is not going to list through IPO, but by introduction in the first half of 2019. Listing by introduction means MTN is not offering its shares fully to the public yet.

Listing by Introduction

To be able to list by introduction, the company would usually have raised capital prior to applying to list, and also must meet the listing requirements — including a minimum number of public shareholders (300 to list on the Main Board; 51 to list on the Alternative Securities Market (ASeM) and minimum public float (20% for the Main Board; 15% for ASeM). ASeM provides a platform for small and mid-sized fast growth companies to raise critical long term capital at relatively low cost to realize their business potential.

What does this mean?

“It means that we will list the company in the initial phases without any public offer or sell-down or initial public offering. I think this will enable us to get the company listed whilst the market still digests the implications of what has happened over the last few months,” The President/Chief Executive Officer, MTN Group, Mr. Rob Shuter, disclosed at the MTN Group’s investor update conference call in February.

“We will in phase two be doing a project to increase the Nigerian participation in MTN Nigeria, targeting more a free float of around 35 per cent than the free float we have today which is around 20 per cent. So, we aim to conclude at least the listing by introduction in the first half of 2019, pretty much as soon as we can, and then subject to market conditions, appetite and demand we would in phase two do the sell-down.’’

Can You Invest In MTN Nigeria’s Shares Now?

By the NSE’s Rules, MTN would need at least a minimum number of 300 public shareholders to able to list on the Main Board of the NSE where it is listing by introduction.

Since MTN is going by way of introduction, it may not able to open a larger portion of its shares for subscription as we have noted above. What is going to happen today is that MTN Nigeria would simply introduce the shares privately owned by its shareholders while it was still a private company on the Main Board of the NSE.

However, it would need at least 300 public shareholders to be able to fully comply with the NSE rules. What to watch out for is that a few of its private shareholders may get to sell their shares if the share prices are favourable to them, to keep the excitement on.

**Operational and financial performance review, 2010**

How To Prepare Yourself Better for MTN Nigeria’s Listing

Once there is a willing seller for MTN Nigeria’s shares today who is ready to accept your offer price, then you have got a deal.

However, to participate in MTN’s shares, or other shares of companies you need to do the following:

Open stock brokerage account with a stockbroker registered in Nigeria. Here is a link to some of the stock brokerage firms in Nigeria;

Have any amount of money as you want deposited into your stock brokerage account.

Then notify your stockbroker to purchase shares for you at a price you quote.

However, if you operate an online trading account on the same online stock brokerage account, then without wasting much time, place an online bid for the shares and hope that an offer is available for you at the right price.

There you have it! A deal is sealed once your bid is accepted.

A email notification alarms you of the transaction.

Charles Rapulu Udoh

Charles Rapulu Udoh, a Lagos-based Lawyer with special focus on Business Law, Intellectual Property Rights, Entertainment and Technology Law. He is also an award-winning writer. Working for notable organisations so far has exposed him to some of industry best practices in business, finance strategies, law, dispute resolution and data analytics both in Nigeria and across the world.