Business - Your Money
Updated: October 22, 2020

Steps For N-Power Beneficiaries To Earn Lifetime Income

By Olalekan Fakoyejo
October 19, 2020
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There are steps N-Power beneficiaries can take to earn income forever - even without working - so it's time for erstwhile N-Power beneficiaries to start thinking about the future. These steps are not the world's best-kept secret, so AllNews is making it available to N-Power beneficiaries.

These steps are important due to the uncertainty surrounding the longevity of the N-Power programme, as the government continues to ponder the essence of N-Power, it is advisable for beneficiaries to look beyond this social intervention programme, and take advantage of other income opportunities.

This lifetime income opportunity comes from various companies in telecommunications, banks, cement, oil and gas, fast moving consumer goods (FMCG), and many more.

The opportunity revolves around these companies' stocks that are available for Nigerians - regardless your income level.

What You Need To Know About The Stocks

These stocks are offered to Nigerians at a low price, and after investing in them, you earn income (dividends) from your preferred stocks forever; for as long as the company continues to exist or operate.

Stocks are shares of companies. Once bought, the buyer becomes a stakeholder (shareholder) of the company. The stocks are protected and regulated by the Securities And Exchange Commission (SEC) of Nigeria, to ensure companies don't ripoff their shareholders.

These stocks are listed on the Nigerian Stock Exchange (NSE) and comprises different prices ranging from as low as kobo to about NGN2000 per share. Prices of these stocks are determined by market demand, so they are likely to rise and fall in days or a week.

So N-Power beneficiaries can afford the stocks, however, AllNews will list prominent stocks which are sold at naira. Note that N-Power beneficiaries who purchase the stocks can sell at any period they need money, however, stock returns are better and lucrative when investment are planned for longterm.

Steps To Take/Stocks To Look Out For

There are few steps needed to take to acquire these stocks. First, you have to identify your preferred stocks or company you want to invest in. There are several company stocks on NSE, over 100 stocks, but only few are major companies, and AllNews will focus on them.

Telecoms Stocks: The network providers comes first due to the essence of their service. Daily, Nigerians use the service of telecoms to either call, text, browse, chat or stream, and during the COVID-19 lockdown, Telecommunications companies gained significantly.

And with MTN Nigeria being the market leader, and Airtel Nigeria next to it, the companies gained significantly in revenue and profit. So considering the growth of the companies amidst the COVID-19 pandemic which affected other companies, purchasing MTN Nigeria and Airtel Nigeria stocks is a good investment for the future.

MTN Nigeria stock currently sell for NGN140 per share, while Airtel Nigeria stock sell at NGN410.2 kobo per share at the time of filing this report. So the stock is affordable for N-Power beneficiaries.

Bank Stocks: Banks are another essential business that make investment lucrative. There are several banks listed on NSE, but N-Power beneficiaries looking to purchase stocks in banking sector can narrow their choices to the top tier banks; Zenith Bank and GTBank.

Zenith Bank and GTBank are the leading banks on the NSE in terms of value of the companies, and their stocks are often on the most traded stocks on NSE, reflecting the rate of interests in Zenith Bank and GTBank stocks, each of which sell for NGN21 per share and NGN30.65 kobo per share at the time of filing this report.

FMCG Stocks: Cadbury Nigeria and Nestle are some companies to look out for on the NSE as they offer products that Nigerians consume almost everyday. These companies are one of the high performing stocks on the Nigerian stock market.

Cadbury stock currently sells at NGN8.05 per share, while Nestle, which has one of the highest stock prices on NSE, sells at NGN1175 as at the time of filing this report.

Cement Stocks: Over the years, prices of cement has gone up due to expenses and market demand, but this hasn't stopped houses from being built, thereby, increasing the need for cement across Nigeria. Cement companies have grown to the extent that they are now listed on the NSE.

The likes of Dangote Cement and BUA Cement are running the cement market, and leading the Cement stocks according to the companies valuation on NSE. Dangote Cement stock sells at NGN150 per share, while BUA Cement stock is sold at NGN40.9 kobo per share.

Oil & Gas Stocks: There are several oil & gas companies listed on the NSE, but N-Power beneficiaries can look out for Mobil and Seplat. The two companies have some of the highest stock prices in the Oil & Gas market.

While Mobil stock currently sells at NGN186.9 kobo per share, Seplat stock is priced at NGN420 per share.

How To Purchase These Stocks

Another step is how to purchase your preferred you purchase the company's stock, track the stock performance daily or weekly on NSE or Bloomberg.com, then you relax to start receiving income yearly from the company if they announce dividend for the year.

There are few companies that are selling these stocks, and they are Wealth.ng and Chaka.ng. Both are rivals in the stock investment market in Nigeria. They both provide access to wide range of stocks listed on the NSE.

Aside from offering access to purchase your preferred stocks, Wealth.ng and Chaka.ng also offer watchlist; which allows N-Power beneficiaries and other investors to track the stocks invested in, or keep a close eye on other stocks which individuals can purchase.

To purchase your preferred stocks, N-Power beneficiaries have to create an account with either Wealth.ng or Chaka.ng.