An investment is something you buy to make money or increase its value over time. Appreciation means that something, like a house or a car, becomes worth more money as time passes.
When someone buys something to make money later, they don’t plan to use it right away, but to make more money from it in the future. Think about what type of investment you want to put your money into. Nigeria has many ways for people to invest money in different things like stocks, real estate, and more.
If you’re a Nigerian investor, these investment platforms in Nigeria are available for you and you can think about putting your money into things like cryptocurrency, ETFs, stocks, mutual funds, bonds, real estate, or treasury bills.
In this article, we have selected the top 11 investment platforms in Nigeria. These investment platforms in Nigeria have been checked and are deemed safe and approved by the government for various investment plans.Â
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Why Do You Need to invest in these Platforms?
There are several investment platforms in Nigeria. With these investment platforms in Nigeria, you can comfortably grow your money and have good long-term rewards using trusted methods.
With these investment platforms in Nigeria, you can easily track performance, view all of your investments in one location, and maintain the same investment portfolio for your ISA, investments, and pension.
An additional advantage of using these platforms is their potential cost-effectiveness. It’s not always a good idea to go with the cheapest platform; instead, you should be on one that best suits your needs; the best platform for you will depend on the services you desire.
11 Best Investment Platforms in Nigeria
Here are the 11 best investment platforms in Nigeria.
1. Carbon
Carbon was formerly known as PayLater and Payvest. It is ranked as one of the best investment platforms in Nigeria that uses a fixed deposit system.
After signing up on the carbon app, you are eligible to put your money in and it matures for a period then you can earn interest on your money as the days go by.
The good thing with this investment platform in Nigeria called Carbon is that it offers a person a 15% return on their investments.
Carbon can be accessed via their website or through their mobile app available on PlayStore or App Store.
2. Cowrywise
Cowrywise is known for its effectiveness in the fintech industry. Cowrywise offers good automated financial transaction processes which makes it one of the best investment platforms in Nigeria. The interest that is earned on Cowrywise is relatively high, which is 10 to 15%.
Additionally, you can automate investments using their systematic investment plan. With Cowrywise, you can invest in mutual funds in Naira or dollars.Â
You can start your investment journey within 1000 NGN. Note that the interest on your investments is bound to increase as the initial amount increases. All the interest or gains on initial investments are calculated every year.
With Cowrywise, you can redeem your investments as they mature. This investment platform was set up when the CEO realized that the country works to build wealth for the top 1% only. Investment products were inaccessible to a common Nigerian person.
3. Bamboo
Bamboo is said to be a trusted way for people in Nigeria to invest their money. Bamboo is one of the best investment platforms in Nigeria. With Bamboo, Nigerians can invest in over 3000 US Stocks using their smartphones. Bamboo lets people in Nigeria invest money using Dollars or Naira.
Also, you can spread out your investments by using ETFs. You need at least 20 USD or its equivalent in naira to start investing in the Bamboo app.
Another interesting feature of this investment platform in Nigeria is that you can monitor how much your investments are worth all in one location.
4. RiseVest
With RiseVest, you can easily invest in different assets from all over the world. This is a real investment platform in Nigeria that lets you invest in real estate, bonds, and stocks. This app lets you earn from 14% to 41% interest every year. It will be interesting to know that this is one of the best investment platforms in Nigeria.
RiseVest has a tracker to follow up on how you are doing with your goals as regards the money kept in their care. You need to have at least $10 to start using the app, then you will also need to decide how long you want to invest the money and what you want to invest in.
5. Trove
This is ranked as one of the best investment platforms in Nigeria where you can use your phone to invest in stocks, bonds, and other types of investments from all around the world. You can put your money into stocks, bonds, or assets from other countries that are available to the public.
You can also put your money in Naira or US Dollars. One this that makes this investment platform in Nigeria unique is that you can invest in more than 4000 stocks through Trove and You only need $10 to start investing.
6. Wealth NG
Wealth NG is another investment platform in Nigeria where people can invest their money. You can look into different ways to invest your money on this investment platform in Nigeria, like buying stocks, mutual funds, real estate, and treasury bonds.
You can also keep track of how your investments are doing and see how much they are worth. You also get good tips and advice about money from experienced wealth managers on the platform.
To start investing in Wealth NG, you need to have at least 1000 NGN. Also, by investing your savings, you can make up to 7% profit on the app.
7. Payday Investor
Payday Investor helps investors save money and make more money by investing in the ARM Money Market Fund. You can see how much money you’re making every day and get up to 15% more using the app. Also, you can set up your savings to happen automatically every week or month. To begin with Payday Investor, you need at least 1000 NGN to invest in the app.
All the money goes into the ARM Money Market Fund and you can take it out when the investment is finished. Payday Investor is ranked as one of the best investment platforms in Nigeria and it lets you talk to investment fund managers through the platform if you need help choosing your investment goals.
8. Accrue
Accrue is a popular website for saving and investing money in new areas. Accrue wants to help regular people use cryptocurrency. Accrue wants to make it easy for everyone to use crypto and have access to all the opportunities it offers. This investment platform in Nigeria, helps you keep your money safe from losing value and also helps you grow your money by investing in cryptocurrency.
9. Pillow Fund
Pillow Fund is an app where you can save your money and it helps you to make more money without any trouble. Pillow Fund helps Nigerians make more money by investing their Naira in stablecoins. Right now, Pillow Fund promises to give a 14% annual return on investments in their dollar-saving product. Users can also make more than 10% on stablecoins and more than 6% on BTC and ETH.
People have to put money in their Pillow Fund account to begin making money.
This investment platform does the hard work behind the scenes so that you can invest easily and smoothly.
Also, you can make 14% back each year by saving just 3000 NGN to start with. In Nigeria, people like the app because it’s easy to use and has a friendly interface. Some people have even said it’s a very important thing to have during tough times with money. This investment platform in Nigeria has teamed up with experts in Nigeria and across Africa who can give helpful lessons about money.
10. SmartSaver
This platform has high rates for saving and investing money, this is an investment platform in Nigeria that comes with the possibility of earning up to 30% in interest. It uses Paystack to put in and take out money.
Using SmartSaver also lets you borrow money from the platform without having to put up any collateral. The Supersave option helps you earn up to 8 percent in interest. First City Monument Bank is the name of the investment platform in Nigeria that provides the technology for this platform.
11. PiggyVest
If we are to rate the different investment platforms in Nigeria, Piggy Vest will be number one. Piggyvest is a well-known investment platform in Nigeria where you can invest your money. It used to be called Piggy Bank. It works just like a piggy bank, but it’s online.
In Piggyvest, you can save and invest how much you want and also invest in different types of businesses, like farming. The interest you can make on this platform is between 10 and 17 percent. PiggyVest also has a way to lock it safely. You can also use the Piggy Vest app.
The Best For Investment In Nigeria
It may be difficult to choose from the best investment platforms in Nigeria but PiggyVest stands out. PiggyVest is an online platform that makes investing and saving easier. It’s a safe way to invest and save money, and depending on the option you select, it can offer interest rates ranging from 7% to 35%. All you need to do to get started is register for a free account.
Target Savings, SafeLock, and PiggyFlex are just a few of the saving options available on the platform. These options let users save for particular objectives, lock money to prevent impulsive purchases, and earn competitive interest rates. The adaptability of PiggyVest is one of its best qualities.
Conclusion
Pick an investment platform in Nigeria for investing money that matches what you want to achieve with your money and how much risk you are comfortable with. For instance, if you want to save money in dollars, you should invest in Pillow. Also, Bamboo has more stocks to explore than Cowrywise, which helps with mutual funds.
Investment platforms in Nigeria are vast so Picking the right investment platform depends on how much money you want to make from your first investment.
As someone who wants to use the investment platforms in Nigeria, What should you think about when picking a place to invest your money in Nigeria?
Think about how much money you can make from each type of investment and how it can help you reach your financial goals. If a certain type of investment can help you reach your goal, you can begin by investing a small amount of money. Let your investments increase over time to reach your objective.
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