We have put together a list of the top investment platforms in Nigeria for 2022 if you’re seeking a legitimate option that can make you money and handle all the hard work for you.
Whether we work for a salary or are self-employed, we are all looking for strategies to maximise our investments and improve our saving habits.
Traditional approaches to investing and saving are becoming outdated. Because we live in the twenty-first century, technology has given us several options for where to put our surplus money.
If you reside in Nigeria or are a Nigerian living abroad, you are already aware that keeping your money in the bank would only cause your savings to shrink rather than increase.
What is an Investment Platform?
Investment platforms are platforms you can stake/put in your money and earn interest on the amount.
The majority of investment platforms are online services that let customers invest their money and potentially earn interest. Some people often ask how they can invest their emergency funds and platforms to invest it.
This post will analyze the best Top online investing sites in Nigeria so you may increase your income.
10 Best Investment Platform in Nigeria
Online investing in Nigeria is currently seen as taboo by many Nigerians, who have also developed phobias and feel hopeless whenever they read about Nigerian investment platforms.
This anxiety may be the result of a bad experience they previously had, such as the difficulties and tragedies they encountered while seeking a plan to invest in and consistently make money in Nigeria.
However, in this post, we will talk about respectable investment platforms, which are firms whose operations or business models are reliable and honest.
- Piggy Vest
- Cowrywise
- Carbon Paylater
- Bamboo
- RiseVest
- Trove
- Chaka
- Wealth NG
- I-invest
- Payday Investor
1. Piggy Vest
PiggyVest is one of the top investing platforms in Nigeria, enabling you to invest with any amount you have in pre-screened, low-to-medium risk primary and secondary investment opportunities.
They offer varieties of investment alternatives, including:
- Fixed income securities
- Agricultural commodities
- Transportation, and
- Real estate and among others.
Every investment opportunity is thoroughly examined to make sure there is little risk involved and that there is adequate insurance coverage.
Features of piggy Vest investment platform
- You can start investing with Piggy Vest with as little as 5,000 Naira and get a return of up to 25% annually.
- Additionally, the Piggy vest has high-interest savings options where you can earn up to 13% annually. With Piggy Vest, you can begin your saving adventure with at least 100 Naira. This means that, in the absence of investing possibilities, you can start collecting interest on your funds by using their high-yield saving platform.
- Depending on the terms and conditions supporting the investment, interest on investments may be paid monthly, quarterly, or yearly.
- Similar to saving options, interest rates are determined by the package you choose.
- With fixed savings, you may set aside money for a certain amount of time while earning interest of up to 13% annually. As opposed to this, you can save and earn up to 10% annually with automated savings (PiggyBank).
- With Flex Naira, you can earn up to 8% p.a. and with Goal-Oriented Savings, up to 9% p.a.
Withdrawal of Profit on Piggy Vest platform
You have two options when it comes to withdrawals:
- Sell your investment units before the maturity date
- Or withdraw your money at the end of the investment period.
- You will need to list your investment units for sale and wait for a buyer, though, if the investment is not yet mature and you wish to sell it.
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Other Things About Piggy Vest
PiggyVest has two accredited business organisations and two recognised microfinance banks, making it incredibly secure.
All funds are further handled by the Securities and Exchange Commission-registered and licenced asset management leader in Nigeria, AIICO Capital.
The PiggyVest App may be downloaded for free from the Google Play Store here and the Apple Store here.
Office Address
The official location is at Tesmot House, 3 Abdulrahman Okene Close, Off Ligali Ayorinde St, Victoria Island, Lagos.
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2. Cowrywise
This is one of the legitimate investment platforms in Nigeria that offers a variety of tried-and-true and expertly managed investment options.
You can automate your investment in any of their app’s products using their systematic investing strategy.
Investors have the option to purchase Naira or US dollar mutual funds through Cowrywise.
Things to Know before investing and other Features of Cowrywise
- Either interest or capital gains are earned as forms of interest.
- When you sell your investment units for more money than you paid for them, you have made a capital gain.
- You can start investing with Cowrywise with as little as 1,000 Naira, but you should be aware that the greater the amount, the better the interest rate.
- You only need to sign up with a working email, phone number, and BVN to use this App.
- You can use your debit card or a bank transfer to fund your Cowrywise investments or savings opportunities.
- Although you can invest for as long as you choose, interest rates are computed annually.
- Cowrywise offers one of the most user-friendly apps with a stylish design and simple interface.
- You may track the success of your investments using the App, which will help you decide what to do next.
- As soon as your investment matures, you can immediately withdraw it from your local bank.
- Investments are made on risk-free securities to assure the security of all invested money, and the funds are held by Meristem Trustees, a business registered with the Securities and Exchange Commission (SEC) on behalf of investors.
Office Address
The official Location is at 5C Rev.Ogunbiyi St, Ikeja GRA, Ikeja.
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3. Carbon
One of the most reputable online investment firms in Nigeria, Carbon, offers a range of digital finance solutions.
Although Carbon began in the digital lending sector, it currently provides a range of services, including investment, payments solutions, and savings.
Things to Know Before investing and other Features of Carbon
- The business provides one of the best rates of return on investment in the nation.
- With as little as 100 Naira, you may begin investing in carbon and earn up to 16 per cent annually.
- The investment length, which is adjustable and runs from 3 to 12 months, is another option.
- To invest with Carbon, first choose your preferred investment plan (Cash Vault, Goals, or Flexsure), then enter your desired investment amount, duration, and funding method (bank account or debit card).
- Your money is secure with Carbon. One Finance and Investment Ltd, which is authorised and subject to CBN regulation, is in charge of managing all funds.
- The option to invest in 3, 6, or 12 months with an interest rate of up to 16 per cent is available.
- With any of their plans, investors and savers can set an automated daily, weekly, or monthly saving goal.
Office Address
Plot 642C Akin Adesola Street is where Carbon’s physical registered address is located in Lagos, Nigeria.
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4. Bamboo
In this list of the top investment platforms, Bamboo is unquestionably one of the legitimate platforms in Nigeria that must be taken into account.
Outstanding investment firm Bamboo offers direct access from the convenience of your smartphone to more than 3,000 stocks listed on the US Stock Exchange.
Without wasting any time, you may fund your Bamboo Naira or Dollar wallet and start investing right now.
Additionally, you might choose to diversify your investment by purchasing an ETF, which is a collection of equities.
Features and things to know before investing on Bamboo
- You will need at least $20, or the equivalent in Naira, to start investing in bamboo.
- You should be aware that if you deposit using a Naira payment option, you can only withdraw to a Naira account, and vice versa if you deposit using a USD payment option.
- Your BVN will be required when opening a Bamboo account, along with a legitimate ID and utility bill.
- They accept bank transfers and Master and Visa credit cards as payment methods.
- The Bamboo App’s user-friendly design and built-in technologies give you a clear picture of the performance of your portfolio over time, allowing you to alter your position and gain knowledge in the process.
- Through the app, you can also monitor investment results.
- Securities Investment Protection oversees all Bamboo investments, and the FDIC insures all accounts up to a maximum of $500,000 per account.
Office Address
Bamboo is located in Lekki Phase 1 at Plot 1 Block 22 Babatunde Anjous Avenue.
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5. RiseVest
RiseVest provides a clear and simple method for investing in assets with a global currency.
With an assurance of up to 14 percent and the potential for up to 41 percent interest annually, you can invest in any well-managed asset.
Real estate, fixed income, and stocks are among their main holdings. You can be confident in effective wealth management with RiseVest.
Things to know before investing and other Features of RiseVest
- Your money is safe with RiseVest since ARM Trustee Ltd. supervises and keeps an eye on it.
- The platform includes an easy layout and an integrated tracker so you can keep track of your investments and monitor real-time progress at any moment.
- You can set a financial goal using their app.
- With RiseVest, you must first have at least $10 before selecting a plan and setting a duration.
- The same encryption technology that banks employ protects all RiseVest accounts.
- The U.S. Securities Investment Protection Corporation (SIPC) insures all stock investments up to a maximum of $500,000 per investment.
- The best aspect about RiseVest is that you can get free financial advice on your investment from professionals.
Office Address
They are located at Block D 5, Jacob Mews Estate, 21 Adebisi Street, Yaba, Lagos.
6. Trove
Trove is an online trading platform in Nigeria that enables smartphone-based investment in stocks, bonds, exchange-traded funds, and other assets in the US, China, and Nigeria.
Things to Know before investing onTrove
- You can launch your investment venture with just $10.
- You can make a one-time investment using a debit/credit card or a bank transfer in any publicly listed share, bond, or foreign asset.
- You can invest with Naira or Dollars on Trove.
- Dollar wallets are used for investing in overseas equities, whereas Naira wallets are used for local Nigerian stock investments.
- Your BVN is necessary to sign up for Trove, along with a valid driver’s licence and energy bill.
- You can begin investing as soon as you have funds in your brokerage account in Trove, which offers over 4,000 stocks.
- Your investment is secure with Trove.
- Sigma Securities Ltd. and ARM Securities Ltd., two SEC-licensed and regulated brokerage firms, own and handle all Trove investments.
- Additionally, Drive Wealth, a brokerage firm subject to FINRA regulation, is in charge of holding the US dollar investment accounts.
Features of Trove
- Trove features a trending stocks chart that, based on your profile, can show you potential investment options.
- Their app also provides a trending stock indicator for the news, social media, etc.
- The app also provides decision-supporting indications and data based on the company’s anticipated performance trend, analysts’ predictions, and past performance data.
Office Address
Trove address is located at 18B Oladimeji Alo Street, Off Freedom Way, lekki Lagos.
7. Chaka
Chaka is an additional reputable investment platform in Nigeria that provides access to trading in securities on both the US Stock Exchange and the Nigerian Stock Exchange.
Without a doubt, Chaka is one of the greatest ways to invest in stocks, bonds, ETFs, and other assets from the US, UK, Nigeria, and China, among other countries, at the present.
It is a legitimate investment company with a licence from the Nigerian Securities and Exchange Commission (SEC)
Nigerian Stock Exchange and Central Securities Clearing System (CSCS) regulate local assets whereas US FINRA and US SEC regulate dollar assets.
Things to Know before investing and other Features of Chaka
- All Dollar accounts are covered by SIPC up to a maximum of $500,000 in insurance.
- You can choose from over 4000 dollars worth of assets to invest in.
- Chaka offers a user-friendly app made to lessen the highs and lows associated with investing.
- With Chaka, you may begin trading domestic and international stocks for as little as $10.
- Some of the top stocks in the world, including Apple, Google, Netflix, Alibaba, Tesla, etc., are among their assets.
- Through Chaka, you may monitor investment value returns.
Office Address of Chaka
Their address is No. 6 Osborne Road in Ikoyi, Lagos.
8. Wealth NG
This is another excellent online investment site in Nigeria where you may invest in stocks, mutual funds, real estate, Treasury Bills, and more.
You may manage, track, and view the amount of interest you will earn when your investment matures through their user-friendly website.
You have the right to benefit from seasonal wealth managers’ advice as a member.
Things to know before investing and other features of Wealth NG
- You can invest with Wealth NG in long-term assets like stocks and real estate assets as well as short-term items like 30-day Treasury Bills.
- Your BVN and next of kin will be needed to confirm your identity before you may begin.
- Wealth NG makes use of a chatbot using artificial intelligence.
- The chatbot is made to provide individualised investment guidance and respond to questions.
- Wealth also provides options for saving with interest rates of up to 7% annually, and you may start saving with as little as 1,000 Naira.
- Both the Apple Store and the Google Play store offer Wealth NG for no charge.
- You may access all of their functions, including making investment transactions, keeping an eye on your portfolio, sending gifts, and calculating your net worth, through their app.
- You can invest in bonds with as little as 100,000 Naira and opt at any time to sell them before they mature.
Sankore Securities Ltd, which is registered with the NSE and subject to SEC regulation, is responsible for managing all of the funds under Wealth NG.
Office Address
Wealth NG is located at 33B, Cameron Road, Off Alfred Rewane, Ikoyi, Lagos Nigeria.
9. I-Invest
Another online investment platform available in Nigeria today that allows you to participate in risk-free alternatives includes Treasury bills, Eurobonds, and stocks.
Investors in I-invest can match items to their needs through a variety of investment solutions.
Features of I-invest and other things to know before investing
- I-invest is accessible via the official website and web applications.
- On I-invest, all monies are secure. They are the official offering of the SEC-registered business Parthian Partners Ltd.
- You can keep track of different investment portfolios with their app.
- You must download the app I-invest, register with a valid form of identification and a utility bill, and then select the stocks you want to trade from the list of options.
- To begin investing in a portfolio of your choosing, a minimum of 100,000 Naira is required.
Office address of I-invest
They are located at 22A Udi Street, Osborne Foreshore, Ikoyi Lagos.
10. Payday Investor
Through investments in the ARM Money Market Fund, this investing platform enables you to conserve money and increase your earnings.
Payday Investor is a product of ARM Investment Managers, a division of Asset & Resource Management Holding Company, which is authorised and subject to SEC regulation.
Things to know before investing and other features of Payday Investor
- They have a user-friendly app that is accessible via the Apple here and Google Play Stores here.
- Additionally, the app assists you in recording your everyday interests.
- Up to 15% might be earned on your investments.
- As an investor, you may set up your savings to automatically occur on a weekly or monthly basis.
- You must have a minimum of 1,000 Naira to get started. After that, create an account, set up an investment strategy, and choose a funding source.
- When money is saved, they are immediately invested in an ARM Money Fund that may be accessed whenever you want.
- Payday Investor, an ARM product, has knowledgeable investment fund managers on staff who can assist you if necessary.
What to Think About When Choosing a Nigerian Investment Platform
How to Select an Investment Platform in Nigeria
You should take into account the following elements when selecting a platform because they will act as a guide in selecting the ideal one.
The following variables also had a role in how we decided to create the list above.
- Is there a mobile app for the platform?
- What types of investments is the platform capable of?
- How does customer service function?
- Is it a recommended investing site?
- How trustworthy is the website
- Is it recognised by the CAC?
- Is it associated with a company that is subject to SEC regulation?
- Can they be located physically?
- If the interest rate seems too high to be real, the business is probably a hoax. if yes
- How safe is your money?
- How do they handle withdrawals?
- What is the bare minimum investment?
- Do they have professionals that can help you with investment decisions?
You will have a far better understanding of genuine and phoney investments if you seek out information or ask your investment platform these questions.
Conclusion
A certain approach to building wealth is investing. Earn up to 25% return by investing in a diversified portfolio of bonds, individual equities, mutual funds, or rental properties.
You may be confident that you will locate reliable online investment platforms in Nigeria with the help of these listings of investment platforms.
These platforms offer a stress-free atmosphere for investing. They are sincere, trustworthy, and reliable.
They enable you to start investing at a very low cost regardless of your experience level, whether personal, professional, or novice.
