12 Top Ranking Investment Platforms in Nigeria 2022/2023
Investment Platforms in Nigeria: Investing money is a great source of making passive income. There are many investment opportunities in Nigeria, and today, we are going to discuss where to invest money in Nigeria.
So, in this article, we’ll share sure-fire tips on picking the right investment opportunities in a world like ours.
If you are thinking about investing in a profitable business in Nigeria in 2021 but don’t know which business to choose to earn extra money, here is a list of the most lucrative investment platforms in Nigeria.
What is Investment?
To a layman, investment is just putting your money out there to earn some interest for you. However, investment is more than that. It involves putting your money in a financial scheme, real estate, shares, and so on while hoping to make a profit out of it. With proper investment, your money will grow and helps to improve your standard of living.
One more thing to say here is that you need to make your own research before you use any of the financial investment opportunities in Nigeria.
Hold on! Before we continue with this article you may also like this online business called “Netcontacts Nigeria” briefly,
NETCONTACTS BUSINESS
Discover Nigeria’s finest online business today. You Can Be Making Atleast ₦100k Monthly Legitimately With Your Phone And From Home
How it Works
You can join the business for Free, thereafter you activate your account with ₦1500 Only. The system automatically assigned an Invitation Code to your account once activated, and it’s at this point you start making money.
For Example:
- If you invite 1person ₦1500×1=₦1500
- If you invite 5person ₦1500×5=₦7,500
- If you invite 10 persons ₦1500×10=₦15,000 etc…
What You Need to Know:
It’s NOT a Ponzi Scheme or Investment site neither does it have a central account payment system. You’re not selling any product or services for NetContacts Nigeria. It’s a platform for Entrepreneurs to make money with no third party. The concept is that as an active membership, you get paid ₦1,500 for each person that you invite to join the business and all payments goes directly into your local bank account.
Is Netcontacts Nigeria Legitimate?
Yes it’s 100% Legit. You can do your personal research on Google to learn more about them and you’ll be amazed how people make cool cash.
- Click on this link to register https://netcontacts.com.ng/invitation?code=158748571158
- OR VISIT their website to learn more & to register: www.netcontacts.com.ng
Kindly use this Invitation Code during your registration: 158748571158 - Simple Strategies You Can be Using to Get People to Register https://www.netcontacts.com.ng/how-to-promote
With the above strategies you can be making atleast ₦100k Monthly from this business.
Now let’s continue….
Top 12 Savings and Investment Platforms in Nigeria
- Payvest
An investment feature on the Pay later app, the online lending platform, Payvest allows users to save and earn interest as high as 15 percent per annum payable quarterly. It works like your regular fixed deposit in that you are not allowed to add once lock-in for a specified tenor. With a minimum investment of N50,000, users are allowed to lock in their investment for periods ranging from 3, 6, 9, or 12 months.
Important Note: Paylater and Payvest has been re-branded as Carbon. Carbon is an app that lets you control your finances in just a few clicks – save, invest and borrow. You can also recharge airtime and pay bills from this single app.
- Cowrywise
This platform affords you the opportunity to automate your savings. You decide how you save and when you save which can be daily, weekly, or monthly. By linking your debit card to your Cowrywise account, your savings program is automated.
Cowrywise pays interest of between 10 – 15 percent per annum on your savings and this is accrued and credited to your account on a daily basis. You are allowed to withdraw from your savings at any time and also qualify for Cowrywise loans at a cheap rate.
Download the Cowrywise app or visit their website
- PiggyVest
Formerly, PiggyBank. It is the first and about the most popular of these savings and investment platforms in Nigeria. Their claim is to give Nigerians the power to manage their finances by making them more transparent.
You choose to save small amounts or as big as you can periodically – daily, weekly, or monthly towards specific causes, programs, and projects and earn interest of between 10 – 17 percent,
You can also choose to lock away your savings for a particular period of time in the Safe Lock which is equivalent to a fixed deposit account in a regular commercial bank.
You can save between N50 – N25,000 daily, N1,000 – N100,000 weekly, and N3,000 – N500,000 monthly, and with their quicksave option you can add more funds to your savings at any time to the tune of N500,000 per time.
Create a PiggyVest free account
- SmartSaver
Online savings and investment platforms that aim is to make saving money easier, smarter, convenient, and secured. They use Paystack for all their payment and their funds are warehoused in FCMB.
Set your savings target and approach on a daily, weekly, or monthly basis. Withdrawal is quarterly and your money earns interests far much higher than what you get on a regular bank savings account.
SmartSaver investment savings pays as high as 30 percent per annum while their SuperSave product pays up to 8 percent per annum, quarterly at 2 percent per quarter.
SmartSaver users enjoy the benefit of getting a loan from them without collateral.
- Alat
This platform is powered by Wema Bank and can be said to be more than just a savings and investment platform. It is prided to be Nigeria’s first digital bank designed to democratize banking services and make them accessible to all. Using your mobile phone, you can open an account and start an automated savings program that pays you up to 10 percent annum, 3 times what the bank pays its regular saving account customers.
Check out ALAT
- Reach
This is a personal finance app that helps you develop a financial discipline by tracking your income, monitoring your expenses, and helps you make intelligent money choices. Forbes describes Reach as a Nigerian Fintech that helps you save for life’s big moments.
Using an algorithm, the app tracks your SMS alerts and uses it to produce detail personal financial management information to give you a breakdown of where your money goes each week, insights on how you spend, and a budgeting tool to help you achieve your financial goals.
This fintech company currently supports 17 banks in Nigeria and Ghana. Download the Reach app on the google play store.
- Kudabank
Kudabank is arguably Nigeria’s first digital-only bank that is licensed by the Central Bank of Nigeria. It’s a full-fledged microfinance bank with a complimenting digital platform that allows starting and complete banking transactions online by writing a single line on paper. On the Kudabank app, you can save, invest and borrow, all in an automated manner. Being a microfinance bank means that its deposit is covered by the Nigerian Deposit Insurance Corporation (NDIC)
Visit Kudabank here
- Riby
An online savings and investment platform designed to assist individuals and small businesses to save, invest, and borrow money at competitive interest rates. The platform has modules for different market segments: Riby Cooperative addresses the need of Cooperatives, Associations, and Trade Group helping them manage member contributions, savings, and borrowing; Riby Peer lending, which allows peer-to-peer lending and the Riby Saver App which allows users to automate their saving.
- Fundall
Fundall is a one-stop personal financial management app that enables you to automate the planning and management of all your finances from one app. You can save, invest, borrow, pay bills, and even buy insurance with this app.
It’s simply a personal financial management tool that provides you with all you need to build wealth and grow your business.
Get more details on their website here fundall.io
- Kolopay
A mobile app that allows you to save towards planned target over a period of time. With Kolopay, you can share your savings goals with friends and family so that they also can be part of your plan by contributing towards your goal. You earn interest on your savings at 6 percent annum.
- I-Invest
If you have always wanted to play in the Treasury Bill market and have been constrained to do so, this mobile app will help you begin to do so quickly. I-invest helps users to grow their savings and earn a higher interest rate by buying Treasury Bills irrespective of where they are located just by clicking the buttons on their mobile phones. The minimum investment is N100,000. Interest is accrued daily and on maturity principal amount invested plus accrued interest is credited to your designated bank account.
Start using i-invest now
- Payday
The Payday investor is an online investment platform powered by ARM, a Nigerian wealth management company. The platform is designed to help users save automatically, your savings is thereafter invested in any of their mutual funds for higher returns.
Having explained the various Investment Platforms in Nigeria, you should know that there are statutory fees required of you to pay. You may not pay them directly, but it is certain that you pay them. don’t lose out because of fear. Start now and you will have your future thank you tremendously.
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