One of the ways of growing your money or increasing your finance is investment. In January, one of the plans you should have for the year is also investment. As a result, if you have some money to invest, MTN Nigeria shares is one company to consider.
There is a reason we are recommending this stock and for a long term.
Rise In Price Of MTN N Shares
On December 9, the price of MTN was at ₦170.10. People, who could project, took position. Looking back from January 9, these investors are already cashing out.
The price of MTNN on January 9 is ₦242.00, a whooping 42.26% increase in the price of the shares in one month.
This increase is not a fluke, and we will guide you through why the price is rising.
Rise In Revenue
In MTN Group’s 2023 Annual Report, the company said Digital revenue increased by 10.0% YoY to R3.5 billion 9 (South African currency), driven by the strong performance in Nigeria, where revenue grew by 65.6% YoY.
The Gaming and Videoverticals, the company’s key focus areas have continued to deliver robust growth of 26.8% and 30.8% respectively.
What this means is that the company will put more money in the pockets of the shareholder. This will come in form of dividend. This is what you will call return on investment for the year ending December 2024.
On the vital side, the company will reinvest a good chunk of its profit for the year, expanding the business.
New Tariff Regime Loading
Recently, the Nigerian government gave a nod on the request of telecom companies to increase tariff to boost investment in the industry.
This new tariff will mean more money for the company and more investment in infrastructure. This will further position the telecom company for a greater future.
Implementation of the new tariff is projected to begin before the first quarter of the year 2025.
Power Of Monopoly
Indeed, among the big telecom companies in Nigeria, MTN appears to be the only one that is quoted on the floor of the Nigerian Stock Exchange, which gives it a leverage.
This is what would make the shares rise till it hits 300 naira or more.
This seeming monopoly in the stock exchange will leave people who want to invest in telecom with just MTN to invest in.
Data Is Live
You see, data has become one of the basic needs of man in living here on earth.
As a result, the company is positioning for the future.
In coming months, MTN will float a new policy targeted at spreading its internet devices to most homes around Lagos and major cities.
The company is adopting a direct-to-home internet service which is one of the easiest to manage around the globe.
This service will deepen the use of the telecom company’s device across homes.
This will also mean more money for the company, since people will have to subscribe to use the device which will be largely given almost free of charge. All they will pay for is the data loaded on the device per time with marginal deductions for the device if need be.
With all of these, investing in this MTN shares could be a good decision in January 2025.
How To Invest In MTN Shares
You see, the interesting thing about investing in shares is that you can buy anytime at the floor of the Stock Exchange.
Although, this is possible when there is no suspension on the trading of the shares on the floor.
But without such regulations, you can look for a stock brokerage firm that is progressive in their way of handling transactions. One of such is Afrinvest.
Register with the company and get a trading account with a CSCS (Central Security Clearing System) number.
Once you have this shares’ account, make deposits into your trading account with the brokerage firm and give a purchase mandate for the unit of shares that you intend to purchase.
That is all.
The other thing is to monitor your investment. This is necessary so that you know when to pull out if you want to make profit from selling the shares.
