Best Platforms to Invest in Nigeria Stocks

With the current global trend and enlightenment from prominent investors, many youths and even the elderly are trooping into different platforms just to see that they become an investor. 

However, the problem everyone is looking out for is the authenticity of what they are investing in; before and even now, there have been many scam channels that came out leaving millions traumatized.

Luckily, Investingport has brought out 10 legit platforms you can invest in right here in Nigeria and sit without any hassle thereafter. Below are the best platforms to invest in Nigerian stocks. Mind you, these platforms are approved by the Nigerian government. 

List of 10 Best Platforms to Invest in Nigeria

This list below is not based on the best ranking. While you check through the list, it's good you research more about the platform you choose to invest in and also check your risk tolerance.

1. Bamboo

Bamboo is a legit platform to invest in as a Nigerian. This platform offers Nigerians access to using Naira and dollars; with your smartphone, you can invest in 3000+ US stocks without hassle. Your investment can also be diversified by using EFTs—the least amount you can use to invest in Bamboo is 20 USD or (20× the current naira versus dollar exchange rate). The Bamboo app helps you to monitor your investments in one place.

2. Pillow Fund

On the other note, Pillow Fund is another app that can help you grow your investment while putting it in stocks. Pillow Fund is a dollar savings app that helps investors grow their digital assets. With the Pillow Fund, Nigerians earn their naira by investing in stablecoins. Annually, Pillow Fund offers 14% returns on investment in users dollar saving products. Aside from that, investors earn 10% on stablecoins and 5-6% on ETH and BTC.

3. PiggyVest

PiggyVest is another platform to invest in—this app has brought discipline to many investors as they have learned how to be patient and save their funds while watching it grow in safe hands. PiggyVest has different savings and investment plans—you can use the Piggybank if you'd be withdrawing every quarter. They also have Target Savings that help save towards vacations or travels. If you've long-term goals, you can use SafeLock to lock funds for a longer time. 

4. Cowrywise

This application has been of advantage to many young investors who are looking for a way to grow their income in a specific period of time. Cowrywise is not an overnight income-growing platform, but it requires patience; with as low as #1000 one can start saving on the platform, and you get to invest in mutual funds through naira or dollar funding. 

5. Carbon

Carbon offers investors a good rate of starting as one can become an investor with #100 while returns can come up to 16% on the app. You also have the chance of customizing your investment into durations of 3-12 months—to achieve your goals you can set up your goals quarterly, half-yearly, or yearly.

6. RiseVest 

RiseVest is another platform that offers investors a chance to grow their income. With the platform, you can invest in Real Estate, Stocks, and Fixed Income; one can also earn between 14% to 41% of interest per annum. The app has an in-built tracker to help track your financial progress toward your goals. To start on the app, you need a minimum of 10 USD together with a plan and duration on steps you'll take to invest the money.

7. Trove

Trove offers online investors access to invest in bonds, EFTs, and global stocks. You also have the chance of investing in any publicly traded equity or even foreign assets of which you can invest in Naira or US Dollars. The minimum amount to start your investment with Trove is $10.

8. Wealth NG

In Wealth NG you have options to invest in mutual funds, stocks, treasury bills, and real estate. You also have the chance to monitor and manage your investments along with their value. They also offer financial advice and tips from wealth managers on the app. The minimum amount to start on Wealth NG is #1000 of which through the savings investment options you can earn close to 7% on the app.

9. Payday Investor

On Payday Investor users have the access to grow their money by investing in ARM Money Market Fund. You also have the access to tracking your investment daily and earn up to 15% on your savings in the app. The minimum amount to start on Payday Investor is #1000. Once you put your funds, they're automatically invested into ARM Money Market Fund which can be received when the investment is due.

10. Accrue

Accure plans to make crypto accessible to the common man, and so far, the platform has achieved that. You can research more to know how you can start investing in Accrue.