How to Buy Shares of Global Companies from Nigeria (Legally and Safely)

In today’s digital world, location is no longer a barrier to investing. Nigerians now have more access than ever to buy shares in top global companies like Apple, Tesla, Amazon, Microsoft, and Google — right from their smartphones or laptops.

Thanks to the rise of fintech platforms and global investment apps, buying foreign shares has become more straightforward, even for first-time investors.

If you’ve been wondering how to get started with investing in the US stock market or other international markets from Nigeria, this article will walk you through everything you need to know — from the tools you’ll need, to the risks to watch out for, and tips to invest wisely.

Why Should Nigerians Invest in Global Stocks?

Before diving into the “how,” let’s talk about the “why.”

Here’s why global investing is gaining popularity in Nigeria:

• Currency Hedge: Investing in dollars or other stable currencies protects you from Naira depreciation.
• Access to Global Brands: Own a piece of companies you use daily — like Netflix, Apple, or Facebook.
• Diversification: Reduces risk by spreading your investments across economies and sectors.
• Strong Returns: Over the long term, the US stock market has delivered average annual returns of 7–10%.

What You Need to Get Started

You don’t need to travel abroad or open a foreign bank account to invest in global companies. Here’s what you do need:

• A smartphone or computer with internet access
• A government-issued ID (e.g. NIN, voter’s card, passport)
• A BVN (Bank Verification Number)
• A local or domiciliary bank account
• Some funds (as low as ₦5,000 or $10 can get you started!)

Once you have these, the next step is to choose an investment platform.

 Top Platforms to Buy Global Shares from Nigeria

Here are some of the most trusted and widely-used platforms by Nigerians:

1. Risevest

• Offers curated portfolios managed by experts
• Allows you to invest in US stocks, dollar real estate, and fixed income
• Easy to use and beginner-friendly
• Minimum investment: $10

2. Bamboo

• Direct access to over 3,000 US stocks and ETFs
• Real-time buying and selling of shares
• Offers both local (naira) and dollar wallets
• User-friendly mobile and web app

3. Chaka

• Provides access to Nigerian and international stocks
• Regulated by the SEC in Nigeria
• Offers educational content for new investors

4. Trove

• Allows investment in US, Chinese, and Nigerian stocks
• You can also buy bonds, ETFs, and REITs
• Good for users looking for variety in global assets

Note: These platforms work with US-regulated brokerage partners like DriveWealth, ensuring your investments are secure and compliant with international standards.

How to Buy Global Shares Step-by-Step

Here’s a basic guide to buying shares of global companies through these apps:

Step 1: Download the App

Choose a platform (e.g., Risevest, Bamboo, Chaka, Trove) and download it from Google Play Store or Apple App Store.

Step 2: Sign Up and Verify Your Identity

You’ll be asked to submit your:

• Full name
• Email address
• BVN
• Valid ID
• Utility bill or proof of address

Verification takes anywhere from a few minutes to 24 hours.

Step 3: Fund Your Wallet

You can fund your investment wallet using:

• Bank transfer (in Naira or USD)
• Debit card
• Domiciliary account

Most platforms allow you to convert your Naira to dollars within the app.

Step 4: Browse and Buy Stocks

Search for companies like Amazon (AMZN), Google (GOOGL), Tesla (TSLA), etc.
Choose how much you want to invest. You can buy fractional shares — meaning you can invest as little as $5 or $10.

Step 5: Track Your Investments

Use the app dashboard to track your portfolio performance, returns, and dividends (if any). You can sell anytime, although long-term holding is recommended for better returns.

Tips for Smart Global Investing

• Start small and learn as you go
• Diversify across sectors (tech, healthcare, consumer goods, etc.)
• Invest regularly (monthly contributions build wealth over time)
• Don’t chase hype — do your research before buying any stock
• Understand fees — watch out for currency conversion and transaction fees

⚠️ Risks to Watch Out For

While global investing is rewarding, it comes with its own set of risks:

• Market volatility: Stock prices can go up or down sharply
• Currency risk: Dollar strength is good, but could affect returns if it weakens
• Scams: Always use regulated, well-known platforms
• Overconfidence: Avoid putting all your money in just one or two companies

Stay informed and seek financial advice if needed.

Is It Legal for Nigerians to Buy Foreign Shares?

Yes — it is perfectly legal.

However, ensure the platform you’re using complies with Nigerian regulations and partners with licensed foreign brokers. The Securities and Exchange Commission (SEC) in Nigeria has taken steps to ensure more transparency and safety in the space.

Platforms like Chaka and Risevest are already engaging with regulators and adopting best practices for compliance.

💼 Final Thoughts: Global Investing Is the Future

Global investing is no longer just for the rich. With just a smartphone and ₦5,000, you can begin your journey toward owning shares in some of the biggest companies in the world.

As inflation and currency instability continue to impact local wealth, having exposure to foreign stocks is a smart way to preserve value and grow your finances.

So whether you’re a student, young professional, or entrepreneur, the global market is open to you — right from Nigeria.

Disclaimer:

This article is for educational purposes only and should not be taken as financial advice. Always do your own research or consult a licensed financial advisor before investing.