If you’ve ever wanted to own a piece of MTN, Dangote, or GTBank, now’s the time. Nigerian stocks are no longer limited to rich investors, brokers in suits, or people with insider connections. You can now buy and sell NGX-listed stocks right from your phone, no paperwork, no waiting, no drama.
In this blog, I’ll walk you through the best apps to buy Nigerian stocks. Now let’s get into it.
What Are Nigerian Stocks?
When you buy Nigerian stocks, you’re purchasing ownership in publicly listed Nigerian companies, which trade on the Nigerian Exchange (NGX). Think MTN, GTCO, Zenith Bank, Nestlé Nigeria, BUA Cement, Seplat, and more.
Each stock represents a share in that company’s value, and as an investor, you can benefit when:
- The share price increases
- The company pays dividends
Previously, investing in these stocks required opening a brokerage account, visiting a bank, or filling out forms. But with modern investment apps, the whole process is now 100% digital.
What Makes a Good App for Buying Shares in Nigeria?
Not every investment app is created equal. If you’re looking to buy Nigerian stocks specifically, here’s what I recommend you check for:
- Regulation: The app should be licensed by the SEC or partnered with a licensed broker.
- User experience: Clean interface, responsive support, easy to use.
- Minimum investment: Apps that let you start with ₦1,000 or ₦5,000 are ideal.
- Speed of funding and withdrawal
- Stock variety: The more NGX-listed companies you can access, the better.
- Security: Your data and money should be safe.
Apps to Buy Nigerian Stocks in 2025
Trove App
If you’re looking for a straightforward way to buy Nigerian stocks from your phone, Trove is worth considering. Trove has helped so many people take their first steps into investing without needing to know everything upfront.
With the Trove app, you can access over 60 Nigerian companies listed on the Nigerian Exchange (NGX), from banks like GTCO and Zenith to consumer brands like Nestlé Nigeria and Dangote Cement. The app makes it easy to search for a company, view its price chart, and buy shares directly no calls to a broker or long forms required.
You can start with as little as ₦1,000, which lowers the barrier for anyone who just wants to try it out. That’s important, especially if you’re still figuring things out or testing what works for you.
Beyond Nigerian stocks, Trove also gives access to:
- U.S. stocks
- Exchange-traded funds (ETFs)
- Bonds
And a savings option called Earn by Trove, where you can set money aside and earn fixed interest
The goal here has always been to give you a choice. Some people come to Trove just for NGX-listed stocks. Others want to build a more diversified portfolio with both local and international options. The app gives room for both.
The Trove app is also built to be beginner-friendly. The interface is clean, and there is educational content in the app (Trove University) to help you understand what you’re doing, whether it’s your first investment or your fiftieth.
Trove works with SEC-licensed brokers and follows regulatory standards in Nigeria, so there’s a layer of trust and compliance behind the scenes.
2. Chaka
Chaka is one of the stock investment apps designed for users who want access to the Nigerian stock market.
It offers direct access to stocks listed on the Nigerian Exchange (NGX). So if your goal is to invest in companies like Access Bank or Presco, you’ll find them here. Chaka also gives you access to U.S. stocks, Chinese companies, and other global markets.
The app is SEC-licensed and works with local brokers, which means it operates under regulatory oversight. It has a clean interface and a simple onboarding process, though the minimum investment threshold is slightly higher than some of the other platforms (something to keep in mind if you’re starting small).
Chaka also includes additional asset classes like bonds and ETFs, so it can be useful if you’re looking to experiment beyond stocks.
3. Afrinvest
Afrinvest is a more traditional platform, built around strong market research and institutional experience. It’s not a flashy app, but it’s backed by one of Nigeria’s long-standing investment firms.
If you’re looking to invest specifically in Nigerian stocks and you like working with tools that are research-driven, this is one to consider. Afrinvest offers access to NGX-listed equities through its platform, along with insights, market reports, and a more analytical interface.
The platform is designed more for serious, structured investors than for casual users. It’s better on desktop than on mobile, and the user experience isn’t as modern or fast as some of the newer fintech apps.
If you’re the type of investor who values fundamentals, prefers long-term holdings, and doesn’t mind a slightly dated interface, Afrinvest fits the bill.
4. Meritrade
Meritrade is the online trading platform from Meristem Securities, and it’s designed for users who want hands-on control of their NGX investments. It’s not built to entertain or teach you how to invest; it’s built to get out of the way so you can place your trades and manage your portfolio.
You get access to Nigerian stocks directly, with tools for placing manual buy and sell orders. There’s also market data and some research available, though the platform leans more toward experienced investors who are comfortable navigating stock tickers and executing trades themselves.
The interface is straightforward but feels dated. It’s also more functional on desktop, which makes it less appealing for people who prefer mobile-first experiences.
Meritrade is licensed and regulated, and it does the job if you already know what you’re doing and just want a reliable way to access the local market. For beginners, though, the learning curve may feel steep.
5. Stanbic IBTC Stock Trading App
If you already bank with Stanbic IBTC, their stock trading app might be the most convenient way to start investing in Nigerian stocks. It connects directly with your bank profile, so there’s a level of integration that saves time.
You can open a brokerage account, view NGX-listed companies, and place trades all from within the same ecosystem. It’s backed by a well-known institution, so there’s a sense of security and stability built in.
That said, the app itself is fairly basic. It’s not designed with the same flexibility or ease of use as apps like Trove or Chaka. There are fewer updates, limited investment options, and a more traditional banking feel overall.
It works well if you want everything under one roof, banking, saving, and investing, especially if you don’t mind keeping things simple.
How to Start Investing in Nigerian Stocks on Trove
Let me walk you through how easy it is to buy your first Nigerian stock on Trove:
- Download the Trove app from the Play Store or App Store.
- Create your account using your BVN, ID card, and selfie.
- Fund your wallet with a transfer or card payment.
- Go to the “Nigerian Stocks” section
- Search and buy your preferred stock (e.g., GTCO, Zenith, Nestlé Nigeria)
- Track your investments directly on the app
FAQs
How do I make money from Nigerian stocks?
You can make money through capital gains (when stock prices go up) and dividends (profit paid by companies to shareholders).
Do I get dividends if I invest via apps?
Yes. If the stock you buy declares dividends, the app will credit your wallet or account.
Which is better: Nigerian or U.S. stocks?
That depends on your goals. Nigerian stocks give you exposure to your local economy and are great for dividend income. U.S. stocks offer global exposure and often grow faster. With Trove, you can invest in both no need to pick one.
Conclusion
Buying Nigerian stocks used to be a headache. Now, with apps like Trove, it’s as easy as ordering food or booking a ride. You don’t need to be a finance expert or have millions in the bank. All you need is your phone, your BVN, and a decision to start building wealth.
If you’re serious about investing, the Trove app is the most well-rounded app offering access to Nigerian stocks, U.S. stocks, ETFs, and fixed savings options in one place.
Download Trove now and take your first step toward financial freedom.
