Facebook has been noted to house over 1.62 Billion users on average every day, and based on calculation, almost a quarter of the entire world visits this platform in just one day.
Every year, It makes about $120 Billion in sales and this makes it one of the biggest platforms to buy some shares from as a Nigerian.
Today, we’ll discuss the best process to buy Facebook shares from Nigeria directly and also the best time you can buy a share.
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What does Facebook shares Really mean?
In 2012, Facebook listed its shares on a stock exchange, making them available for purchase by the general public.
And ever since then, the company’s shares had risen with significant revenue despite facing hard times. It reached all-time highs in the summer of 2021 before plunging 25% on Feb. 3, 2022 after Meta issued quarterly results and a revenue outlook below the average of analyst estimates.
Facebook shares as it is formally called is one of the largest and strongest known tech companies in the world. Recently in December 1stm 2021, the firm changed its name from Facebook to “Meta” and this is because It will begin trading under the stock ticker MVRS and also an attempt to usher in the metaverse, a new world built in virtual reality.
Can I Buy Facebook Shares in Nigeria
There is no doubt that many business people would like to get or buy as many profitable shares that are available,but then as a Nigerian, is it possible to buy Facebook shares now in 2022?.
Yeah! You can now buy shares from Facebook from Nigeria as far as you have a good broker. You’ll need to get a brokerage account to handle the transactions,unless you’re an expert in what you do.
Now is the best time to buy Facebook shares as it is currently in a dip and with a high tendency to rise. Facebook ‘s daily active users decreased by 1 million due to the heavy increase in competition by TikTok and experienced a slow growth and a $10 billion hit from privacy changes to Apple’s iOS operating system.
How to Buy Facebook Shares from Nigeria in 2023
Getting Facebook shares from Nigeria is as easy as ABC. This tutorial guide would enable you to buy shares even without a single knowledge.
You can also go to your online brokerage account, search for Facebook Shares, enter the number of shares you want to buy, and click buy, and the shares purchase process would start.
But then,what’s the steps you need to follow to buy facebook shares? I have highlighted some steps and here is a walkthrough of buying Facebook Shares in Nigeria 2022.
1. Open a Brokerage Account
Meaning of brokerage account: A Brokerage account holds financial assets such as securities, on your behalf either with a bank, broker or custodian.
A Brokerage account is just like your Nigeria bank account that enables you to transfer money in and out and it enables you to buy and sell stocks, bonds, mutual funds, exchange-traded funds (ETFs) and other securities.
You deposit cash in a brokerage account and use the funds to purchase investment assets like stocks, bonds, mutual funds and more.
The main purpose of opening a brokerage account is to get help in handling your financial transactions. If your aim is to buy Facebook Shares from Nigeria, then you’ll need it and make sure you note that services, fees and investment options differ from one broker to the next from all over the world, so it is advisable to get the best one that suits your budget. You can check the list of some online brokers to start with in 2023 at the end of the article.
2. Choose an Account that Suits Your Investing Goals
Getting the right brokerage account isn’t the last thing to do, you’ll still have to choose a suitable goal based on the kind of investment you want to make. You can choose between a Retirement Account or Taxable Account, below is the explanation.
With this account you won’t be able to enjoy any special tax benefits because they don’t offer such and this gives you the opportunity to be able to withdraw your funds at any time you like and with this account you have the opportunity to build a general purpose wealth.
As the name implies, the account is mostly used by people who are looking forward to saving for their retirement. The individual retirement accounts give tax advantages when you save for your retirement but there are limitations to what you can do with this account.
On the IRAs account, If you withdraw money before you are at least 59 and a half years old, you’ll owe a 10% penalty, plus any applicable taxe charges.
3. Determine your order type and buy Facebook Shares from Nigeria
You can buy Facebook Shares from Nigeria on Nasdaq stock exchange between 2:30 p.m and 9:00 p.m Nigerian time from Monday to Friday, If your brokerage platform offers the option to buy, but the Nasdaq allows pre-market and after-market trading.
You can request that your brokerage purchase shares of Facebook at the current price or use a more advanced order type, like limit or stop orders. These types of orders only purchase shares once the stock price falls below a certain threshold.
4. Reviewing The Annualized Percent Return
After buying Facebook Shares from Nigeria, it is advisable to keep a close watch on your shares by evaluating Facebook performance by reviewing the annual percent returns.
By doing so, you’ll get the exact number and also compare to other assets as you gauge how well your investment in Facebook has performed.
Best Alternative Option to buy Facebook shares from Nigeria
This is an updated version of the article. Using the chipper cash app, you can also easily buy Facebook shares from Nigeria for as low as $1 = 420 as of the time of writing this article.
Buying shares from the chipper cash finance plartfom is as easy as ABC. Below is a step by step guide on how to do that.
Buying Facebook Shares from chipper cash in Nigeria
- Go to your Invest tab and select Stocks, then tap Begin Investing.
- Select a company of your choice and tap Buy.
- Enter an amount and tap Next.
- Reconfirm the transaction details and tap Buy Now.
- You should get a successful transaction confirmation.
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Is Facebook Shares Good To Buy In Nigeria 2022
Yes you can buy Facebook Shares from Nigeria. To know if it is a good investment, it is advisable to review it annual or quarter percentage returns and you can do so by analysing these information on its investor relations site.
Facebook is obligated to produce Form 10-K annual reports and Form 10-Q quarterly reports to disclose its performance and finances because it is publicly traded.
And if you can’t understand it metrics, you can also read some expert analysis for clarification. The information provided by Facebook, as well as the expert analysis you read, can assist you in determining if this is the appropriate shares for you to buy in Nigeria.
What Is The Best Time To Buy Facebook Shares In Nigeria
For quick gains, the best time to buy Facebook Shares in Nigeria depends on the type of brokerage account you use. For Nasdaq stock exchange, you can buy shares between 2:30 p.m and 9:00 p.m Nigerian time from Monday to Friday.
Around 11:30 a.m., many professional traders complete their day’s work and at this point, volatility fades and volumes contract at this point.
How to buy Facebook shares without a broker
I don’t think it is possible to buy stock without a broker. Facebook shares can be purchased directly through a brokerage account or one of the many investment apps available. You may buy, sell, and keep Facebook stocks from the comfort of your own home or smartphone using these tools.
Not every broker you find online will allow you to buy shares of Facebook; this is because they do not have access to the NASDAQ. And so you’ll need a broker that definitely provides you with access to this exchange.
How to Sell Facebook Shares in Nigeria 2022
Selling Facebook shares is just the same as buying from Nigeria. It is just a vice versa procedure.
All you have to do is to open your online brokerage account, then enter the Facebook ticker symbol or search for Facebook shares. Then input the number of shares or dollar value of what you want to sell and choose a sell order type.
If you profited from your Facebook investment, you may owe capital gains taxes. The amount you owe is determined by your annual income and the length of time you’ve owned the Facebook shares.
Facebook is a good place to invest your money and watch while it grows. It P/E ratio is lower than that of the S&P 500 and the technology sector and you can also invest in Facebook by purchasing shares of index funds or exchange-traded funds (ETFs) which are available on your online brokerage account.
This is how to buy Facebook shares from Nigeria and if you are undergoing any problem or confused about how to go about it, kindly use the comments section below and we’ll get to you as soon as we can.