Investment opportunities keep glowing in Africa, and Nigeria is not stopping as it continues to grow the businesses of locals and foreigners living within and outside the country. 

However, the word' investment' can be misinterpreted in many ways as many pump money into Ponzi schemes thinking they have made the right choices.

The questions that should never skip an investor's lips are, 'How can I?' and 'Why should I?' As easy as these two questions look, they will be the foundation of that investment you want to go into.

Nigeria's investment ranges from Stocks, Bonds, Mutual Funds, Exchange-Traded Funds (EFTs), Certificates of Deposit (CDs), Retirement Plans, Options, Annuities, Derivatives, and Commodities.

Investing in Nigeria is one of the best decisions you can make when looking for a perfect African region. I'll take you through some investments you can try with little cash.

6 Brilliant Ways to Invest in Nigeria: A Step-By-Step Guide to Becoming Financially Independent 

Nigeria, the giant of Africa, is a major selling point for investors and business entrepreneurs. The following is a list of twenty different options for financial investment in Nigeria that, depending on how strong your finances are, can bring you a high return on investment with as little as ten thousand, twenty thousand, or fifty thousand naira. But, we will devote a significant amount of time discussing six of these investments.

FGN Savings Bond (FGNSB)

The Federal Government of Nigeria Savings Bond is a security issued by the Debt Management Office (DMO) on the government's behalf.

Do you desire an investment with a high return that you may make in Nigeria? The FGN savings bond is one of those possibilities that it is highly recommended that you take advantage of immediately.

Purpose of Savings Bond By The Federal Government

FGN savings bond targets regular investors. To promote low-income debtors. The FGN Savings Bond is issued monthly for two to three years in the first week. The two-year Savings Bond has a 12%-13% coupon, while the three-year bond has 13%-14%. 

These rates of return (ROR) are attractive because they are higher than bank savings and deposit account rates and above inflation, giving them an effective positive yield. FGN savings bonds start at N10,000. Consult your stockbroker for the FGN Savings Bond.

Stocks

Many think the stock market is only for the rich. However, stocks can be bought by anyone. Stock investing can begin with N10,000.

Capital appreciation, cash dividends, and bonus issues are the main ways stock investors profit. Capital appreciation stems from stock price increases. The reward is a company's profit share. Shareholders receive bonuses.

Mutual Funds

This method is for investing a modest sum of money in the Nigerian economy. For example, in Nigeria, you may invest as little as N10,000 in some of the country's very lucrative mutual funds and then see your money grow over time.

How Do Mutual Funds Operate?

Investors in the mutual fund work together with the guidance of a professional portfolio manager. The money manager pools investor funds and allocates them to high-yielding financial assets.

Best Mutual Funds in Nigeria

• Stanbic IBTC Equity Fund
• ARM Aggressive Fund
• United Capital Balanced Fund
• FBN Money Market Fund
• United Capital Money Market Fund
• Stanbic IBTC Money Market Fund
• ARM Money Market Fund
• Cordros Money Market Fund
• Coronation Money Market Fund

Online Investment Apps

Fintech startup firms have recently been fast taking over the financial market by releasing savings and investing apps that allow individuals to invest without much stress. These applications have allowed Fintech startup companies to take control of the market quickly.

These indigenous financial technology startup companies make it simpler for individuals to invest in Nigeria.

Nigeria's Highest-Yielding Investing Apps

A growing number of apps allow low-income people to invest their money. But, if you only have a little bit of cash, the following are the savings and investment apps in Nigeria that are the most useful and effective:

• Piggy Bank
• Payday Investor
• PayVest
• WealthNG
• I-invest

Piggy Bank 

You can get a good investment return by using this app or site to manage your savings. You are the only one who can decide how much money you wish to put away and how you will go about doing it.

With their secure lock, you can also secure a predetermined sum of money you wish to invest over a predetermined period. In addition, there is a possibility that the piggybank app might accrue interest at a rate of up to 13 percent each year.

Payday Investor

This investment app in Nigeria is the most popular one of its kind, and its primary concentration is on mutual funds. ARM is the processor that drives it. Investing in mutual funds from the convenience of your own home is made remarkably simple with the Payday Investor app. The annual percentage rate of interest that you can earn by using this software can reach as high as 20%.

I-invest

I-invest allows ordinary investors to invest extremely small amounts of capital in various money markets products, such as the Treasury Bill and bank deposits. The annual percentage rate of return on this platform's investments can go as high as twenty percent in some cases.

PayVest

The PayVest app, which serves as an online lending gateway, has a section devoted to investments. Using the payvest app, the smallest amount can be invested, N50,000, and the available terms range from 30 days to 365 days. The interest accrued by utilizing this software can reach up to 16% annually.

WealthNG

This platform is another reliable software for investing in Nigeria, and it provides access to a wide variety of attractive investment options.

Over a wide variety of asset classes, Wealth.ng provides investing solutions with competitive returns.

Connected with the Lagos-based wealth management firm Sankore Investments, an official Nigerian entity.

Online Agric Investment Portals

Farmcrowdy is the most well-known of these mobile applications for agricultural investments. This app allows you to invest in agriculture by sponsoring various farm projects of your choice for a guaranteed return of up to fifty percent for each farming cycle.

Money Market Instruments

Money market products let regular people invest with minimal money. Nigerians can invest in money market instruments, including bank savings and fixed deposits.

The key is to choose the bank with the best interest rate carefully. Bankers acceptance, Commercial Papers, and Government Bills are other money market vehicles.

These complex instruments require large initial investments. However, with an active Treasury Bill secondary market, retail investors can invest as little as N100,000.

Money market funds are recommended for low-capital investors who want to capitalize on money market possibilities. MMFs invest in money market instruments. In 2018, certain Nigerian money market funds outperformed inflation.