December 1, 2022
Best Investment Platforms In Nigeria 2022

Best Investment Platforms In Nigeria 2022

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If you’re looking for legit investment platforms in Nigeria that do all the heavy lifting for you, you can’t go wrong with our curated list of the best online investment platforms in Nigeria 2022.

They are tested and trusted and are the safest way to raise your money without fear as most of them are government licensed and insured by accredited bodies.

There are several online investment platforms in Nigeria that allow you to invest in almost any asset, from crowdfunding farms and real estate to investing in government bonds and even local and foreign stocks.

In this guide, we take a look at our picks for the best online investment platforms in Nigeria.

Rest assured that all these online investment platforms are genuine and safe. So your money will not go up in the air.

Our list of best online investment platforms in nigeria.

1. Rise Vest

Risevest is one of the online investment platforms in Nigeria that allows you to invest in foreign stocks. You can also invest in US real estate and fixed income (dollar-denominated bonds)

It is one of the few online investment platforms in Nigeria where you can choose an investment plan and the company’s team of investment experts will take care of the rest.

Think of it as an automated Nigerian dollar investment company where you get dollar returns.

You can start investing in the Risevest app from as little as $10 or N3600.

The Rise Vest allows you to start investing in Nigerian dollars using just your smartphone.

Rise’s historic annual return on US stocks is around 14%, making it one of the best ways to invest in Nigeria’s foreign stocks.

However, the real return depends on the market.

Product Features of Risevest Investment Application:

  • Platforms: Android, iOS
  • Minimum investment amount: $10
  • Documentation Required: Government-issued ID and ready for the utility bill. The documents are an image, not a real hard copy. Some basic information like (verified email address, verified phone number, bank account details).
  • Payment options: Mastercard, VISA, and Verve cards issued by Nigerian banks. Transfer.
  • Withdrawal period: You can choose to make your investment plan available on-demand and also opt for longer maturities.
  • Investment Monitoring: You can track the return on investments purchased through the Rise vest app.
  • Withdrawals: Withdrawals on the same day.
  • Security: Rise uses PCI-DSS compliance, bank-level security, and two-factor authentication to secure all user accounts. Rise are SEC-registered investment advisors in the US and users’ funds are overseen by our partners who are also registered with the Nigerian Securities Commission (SEC) so you know your funds are safe and regulated under the highest compliance standards.

2. Trove

Like Rise vest, Trove is one of the online investment platforms in Nigeria to invest in local and foreign stocks or shares. Stocks you can invest in through this online investment platform include US, Chinese and Nigerian stocks.

Trove also allows you to invest in bonds, REITs, and ETFs.

The minimum investment amount in Trove is ₦1,000.

Trove App Product Features

  • Platforms: Android, iOS
  • Minimum investment amount: 1,000.
  • Documentation Required: Government-issued ID and ready for the utility bill. The documents are an image, not a real hard copy. Some basic information like (verified email address, verified phone number, bank account details).
  • Payment options: Mastercard, VISA, and Verve cards issued by Nigerian banks. Transfer.
  • Waiting time: as much as you want.
  • Tracking Investments: You can track the return of your purchased investments through the Trove app.
  • Withdrawals: You can withdraw uninvested funds in your wallet for 3 business days or more. If you withdraw more than the money invested. You must sell some of your acquired assets. If you submit a sell order, it will take 1-2 business days for your funds to clear from your account. You can choose to deposit the money into your wallet or bank account. For foreign bonds, the minimum amount you can withdraw is $50.
  • Security: Trove ensures that your data is securely encrypted with 256-bit encryption. And stored using advanced security technologies. Trove’s partner, DriveWealth LLC, is a co-founder of FINRA/SIPC. Has all US business accounts with Trove. It also protects the titles of its members. Up to $500,000 (including $250,000 for monetary claims). Your other partner, Sigma Securities. A company regulated by the NSE & Securities and Exchange Commission. Has all Nigeria business accounts. As ARM Investment Managers, an investment manager licensed in Lagos, Nigeria. Acts as asset manager for Portfolios on Trove.
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3. Carbon (formerly Paylater)

Carbon, formerly Paylater, is one of the online investment platforms in Nigeria that offers smart investment opportunities. As well as instant payments, bills, and loans.

Carbon wants to help people unlock the power of money. Help them build wealth through investments that produce good returns.

Carbon has one of the best interest rates in Nigeria.

Carbon Product Features:

  • Platform: Android
  • Interest: 15.5% per year
  • Withdrawal Fee: None
  • Minimum recording: None

4. Bamboo

Bamboo is an online investment platform in Nigeria that allows anyone to invest in over 3,500 stocks on the US and Nigerian stock exchanges.

You can buy, hold or sell local and foreign stocks on the Bamboo platform right from your mobile phone.

Bamboo app product features

  • Platforms: Android, iOS
  • Minimum investment amount: $20.
  • Documentation Required: Government-issued ID and ready for the utility bill. The documents are an image, not a real hard copy. Some basic information like (verified email address, verified phone number, bank account details).
  • Payment options: Mastercard, VISA, and Verve cards issued by Nigerian banks. Transfer.
  • Waiting time: as much as you want. Investment Monitoring: You can track the return on purchased investments through the Bamboo app.
  • Withdrawals: An in-app withdrawal request takes 1-2 to 3 business days for your funds to be cleared from your account.
  • Security: Bamboo uses advanced banking-level security, data encryption, and two-factor authentication (2FA) for all accounts. All accounts are held with a top local US brokerage; who, as a member of the Securities Investor Protection Corporation (SIPC), guarantees each Bamboo account up to $500,000.

5. PiggyVest (formerly Piggy Bank)

PiggyVest is another online investment platform in Nigeria that has simplified the Nigerian economy and money investing over the internet.

This company started as a purely digital savings company but quickly became an investment medium due to its high-interest rates. PiggyVest allows people to invest in their combination of investment options.

Features of the Piggyvest product:

  • Platforms: Android, iOS
  • Interest: More than 10% per year
  • Withdrawal fee: 5% fee for withdrawals outside of fixed recording days (4 free recording days per year)
  • Investment Plan: Dollar Portfolio Savings, SafeLock Savings, Target Savings, Investment Options and Key Savings, Other Features: PiggyFlex, SafeLock, and Target Savings.

6. Chaka

Chaka is also an online investment platform in Nigeria that focuses on local and foreign stocks. You can start trading stocks with Chaka from $10 or N1000.

Product Features of Chaka Application:

  • Platforms: Android, Internet
  • Minimum investment amount: $10 or N1000.
  • Documentation Required: Government-issued ID and ready for the utility bill. The documents are an image, not a real hard copy. Some basic information like (verified email address, verified phone number, bank account details).
  • Payment options: Mastercard, VISA, and Verve cards issued by Nigerian banks. Transfer.
  • Waiting time: As desired. Investment Monitoring: You can track the return on investments purchased through the Chaka website or application.
  • Withdrawals: Withdrawing funds available from your account can take up to 12 hours from the time your request is made. Withdrawing money from sold shares takes 3 days. It takes 2 days for the stock exchange (locally and worldwide) to settle the sold shares in cash. It would take another day to process the transaction.
  • Security: Every Chaka account is protected by bank-grade AES encryption software. This protects communication between users’ devices and our servers.
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7. Cowrywise

Cowrywise is like Piggyvest and Paylater. Not only can you save, but you can also invest. Cowrywise users can access investments such as money market funds (dollar and naira), halal investments, and also agricultural investments.

This online investment platform in Nigeria also gives users access to loans. Cowrywise offers a fixed savings plan that allows you to save a fixed amount for a long period.

Cowrywise also pays interest on savings daily for its users.

Cowrywise Product Features:

  • Platform: Android. iOS
  • Interest rate: 10% to 15%
  • Withdrawal Fee: None
  • Investment plan: periodic savings, fixed savings, time savings.
  • Minimum recording: None

8. Payday Investor by ARM

Founded by the ARM Group, PayDay Investor is an online investment platform in Nigeria that allows users to create a savings target and invest the money in their money market fund on behalf of savers.

ARM Group manages assets of 967 billion. Investment returns are paid quarterly at Payday Investor.

This online investment platform in Nigeria allows you to choose when and how you want to invest.

You can create multiple investment goals and customize your investment plans. You can withdraw your investment (savings and income) at any time as long as all your KYC (Know Your Customer) requirements are met.

Payday Investor Features

  • Platforms: Android, iOS, Internet
  • Interest: 12.6%
  • Withdrawal/Financing Fee: NEFT transfer fee of 52.50/1% convenience limited to 1,500.
  • Minimum withdrawal: ₦1,000

9. I-invest

I-invest is part of a unique suite of online investment platforms in Nigeria. It allows you to buy and manage Treasury bills securely from your mobile device.

Treasury bills are one of the few risk-free investments out there. In the I-invest app, you can follow different investment portfolios.

The platform also provides a convenient way for retail investors to save money while earning attractive interest rates.

The minimum investment amount is one hundred thousand Naira (N100,000). Both the investment capital and the interest are deposited into your account at maturity. You can also withdraw your money at any time. However, this only happens after a minimum detention period of 30 days.

The I-invest app was launched by Sterling Bank in collaboration with Parthian partners.

I-invest features

  • Platforms: Android, iOS
  • Interest: 8% – 11%
  • Maintenance costs: none
  • Pre-settle: Yes, after a minimum detention period of 30 days.

10. Fint

Fint is an online investment platform in Nigeria that focuses on P2P lending. It is a credit market that connects creditworthy borrowers with lenders.

Borrowers have access to affordable loans and lenders can facilitate loans and get their interest back in cash.

Anyone can invest in the financial market knowing that their money is insured under Old Mutual insurance in the event of death, job loss, or accidental disability.

You can get a solid return on your money by borrowing money from Fint and diversifying your portfolio beyond stocks, bonds, fixed deposits, and savings accounts. The minimum you can borrow is 20,000 yen.

The return on your investment is deposited directly into your account each month.

Search features

  • Platform: internet
  • Investment Value: ₦20,000 – ₦1,000,000
  • Interest rate: 26% – 39% per year
  • Maintenance/operating costs: 1.5% Operating costs deducted from the monthly revenue.

11. Farm Crowdy

Farmcrowdy is an online agricultural crowdfunding platform that connects farmers with sponsors (investors) who are interested in farming.

Farm sponsors on Farmcrowdy will receive bi-weekly updates for farm cycles that are 6 months or less and monthly updates for farm cycles that are longer than 6 months.

These updates are usually photos, written reports, and videos showing the progress at various stages of the farm’s cycle.

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Farmcrowdy has a profit-sharing formula; 40% of the profit for the farmer, 40% of the profit for the farm sponsor, and 20% of the profit for the farmcrowdy.

Agricultural projects on this online investment platform are all insured. So that the capital of the sponsor is repaid in the event of unforeseen events.

Farmcrowdy Features

  • Platforms: internet
  • Farmland owner: Farmers
  • ROI for investors: 6% – 25% (fixed rate)
  • List of products: corn, poultry farm, cassava, soybean, and rice.
  • Agricultural product cost range: ₦90,000 – ₦284,000
  • Cycle period: 6 – 12 months

12. E-farms

E-farms is another online agricultural investment platform in Nigeria that links funding from agricultural investors seeking to fund active smallholder farmers.

The profits are then shared between investors and farmers. E-farms also has a Farmers Academy that trains and finances Nigerian graduates who want to enter farming but lack the skills and funds to do so.

E-farms manages these agricultural investments and ensure that the best agricultural practices are followed for optimal yield. Every agricultural investment is insured by E-farms.

This guarantees the safety of all investor funds. E-farms manage a triple layer of investment protection: agricultural insurance, investment insurance, and physical insurance.

Features of e-farms

  • Platform: earms.com.ng
  • Farmland owner: Farmers
  • ROI for investors: 15 – 35% (fixed rate)
  • List of products: Corn, poultry farm, cassava, pineapple farm, catfish farm, snail, and soybean.
  • Cycle period: 6 – 12 months

Best Investment Platforms in Nigeria – Make Your Choice

The rise of online investment platforms in Nigeria is helping Nigerians to invest their money securely and receive returns on time. Technology has enabled people to not only make money for themselves but also empower other people to do the same. While these online investment platforms are in Nigeria, the target clients are millennials.

Anyone who operates a smartphone can make almost any type of investment with these online investment platforms in Nigeria. You don’t have to be rich to start investing. With the N1000 you can start investing today.

There are only a few ways to increase your financial worth in the world we live in today. Work from 9 to 5 or work as a self-employed person and make your assets work for you. You should invest your time and money in projects other than your source of income.

Making this crucial decision can have a surprising financial impact on your future. Stocks and forex trading are not the only online platforms for investing. Other platforms have sprung up to allow anyone.

While an online investment platform in Nigeria is a great place to start your investment journey. It can be a bit difficult to choose which online investment platform to invest in. You can choose according to the features that interest you most. As an investment asset. Are you interested in foreign shares or real estate? Or are you looking for an online investment platform that allows you to start investing with a small amount?

Many online investment platforms in Nigeria fit this scenario. You just need to pick one and start investing. You can also use more than one online investment platform in Nigeria. This is also a great way to diversify your investment capital.

We have done most of the analysis and deliberation on Nigeria’s online investment platforms for you, we have chosen the best and reputable ones that offer the best investment tools and rates. Pick one today and start building your wealth today.

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