How Shares Saver Works: A Step-by-Step Guide

Shares Saver is a Nigerian investment app built around one goal: helping investors buy and own Nigerian stocks directly in their own name through a regular savings plan. Here is a full step-by-step walkthrough of how it works — from signing up to receiving your first shareholding.

Step 1: Create Your Account

Register on the Shares Saver app or web platform. You will need a valid Nigerian identity document, a Bank Verification Number (BVN), and a bank account for funding your savings plan.

Step 2: Complete Identity Verification

All investors complete a Know Your Customer (KYC) identity verification process before any purchases are made. This is required by Nigerian financial regulations and ensures your shareholding is correctly documented in your legal name.

Step 3: Set Up Your Savings Plan

Choose the Nigerian company you want to invest in and set your regular monthly contribution amount. Your savings plan defines how much you will contribute each month and which NGX-listed company you are targeting.

Step 4: Make Regular Contributions

Fund your savings plan each month. Your contributions accumulate in your account until they reach the threshold required to execute a share purchase.

Step 5: Shares Saver Instructs the Broker

When your savings plan reaches the purchase threshold, Shares Saver instructs one of its regulated stockbroker partners to buy shares on your behalf on the Nigerian Exchange Group (NGX). Shares Saver itself is not a broker — all trades are executed by licensed broker partners.

Step 6: Shares Are Registered in Your Name

After settlement, the shares are registered directly in your legal name. Your name appears on the share register for that company. This is not a nominee arrangement — you are the legal owner of record.

Step 7: Your Portfolio Updates

Your Shares Saver portfolio is updated to reflect your new shareholding. You can track your investment, review contributions, and monitor your holdings through the app or web platform.

Step 8: Dividends and Ongoing Ownership

As a registered shareholder, you are entitled to any dividends declared by the company based on your holding as of the relevant record date. You continue to own the shares independently of the Shares Saver platform.