Buying Nigerian stocks on Trove is a straightforward process that puts the local market right at your fingertips. If you’re looking to invest in companies listed on the Nigerian Exchange (NGX), Trove gives you direct access with no paperwork and no hassle.
This guide breaks down exactly how to buy Nigerian stocks on the app in just a few simple steps.
Steps to Buy Nigerian Stocks Using the Trove App
Step 1: Log in to the Trove App
First, ensure you’ve downloaded and signed up on the Trove app. Once that’s done, simply log in to your account.
Step 2: Switch to Your Nigerian Portfolio
By default, your portfolio might be set to the U.S. market. To buy Nigerian stocks, you’ll need to switch to the Nigerian portfolio.
Tap on the portfolio icon and select the Nigerian Portfolio to switch over
Step 3: Go to the Explore Section
Next, navigate to the Explore tab at the bottom of your screen. This is where you can search for and discover available stocks.
Step 4: Click on Nigerian Stocks
Within the Explore tab, tap on the Nigerian Stocks category. You’ll now see a list of stocks from companies listed on the Nigerian Exchange (NGX).
Step 5: Search for the Stock You Want
Use the search bar to look for the specific Nigerian company you’re interested in. Once you find it, click on the stock name to view its details.
Step 6: Tap on the Buy Button
On the stock’s detail page, tap the Buy button to proceed.
Step 7: Enter the Number of Units
Input the number of stock units you want to purchase. The app will calculate the total cost based on the current price.
Step 8: Review and Confirm
Tap on Review Cost to see the transaction breakdown. If everything looks good, swipe to buy
Step 9: Get Your Confirmation
Once your purchase is successful, you’ll receive a confirmation email with all the transaction details. Voila! You’re now a proud owner of Nigerian stocks!
Conclusion
Buying Nigerian stocks on the Trove app is simple, efficient, and beginner-friendly. With just a few taps, you can access the Nigerian Exchange and start building a portfolio rooted in local opportunities.
Take that next step today, start exploring the NGX on Trove, and begin your journey toward long-term financial growth right here at home.
