Are you looking for ways to invest and make money in Nigeria? There are many apps that you can use to reach your financial goals.
Whether you’re a seasoned investor or just starting out, this list of the 6 best apps for investing and making money in Nigeria can help you maximize your potential. Let’s get started.
The List of Best Apps For Investing & Making Money In Nigeria
1. Chaka
Chaka is an app designed to help you make money and invest in Nigeria.
It is a digital savings and investment platform that enables users to save and invest their money securely and with ease.
With Chaka, you can save, invest, and earn attractive returns with no minimum balance or fees.
How is Chaka an investment and earning app?
Good question. Chaka is an investment and earning app because it allows users to easily access multiple asset classes and diversify their portfolio. You can make investments into stocks, bonds, mutual funds, real estate and many other asset classes through the Chaka app. It also offers various ways to earn money by investing in other people’s projects, including private lending opportunities.
How to use Chaka
To get started with Chaka, simply download the app from the Google Play Store or App Store and register for a free account.
Once you are registered, you will be able to link your bank account and start investing and saving with Chaka. You can choose from a variety of investment options, including stocks, mutual funds, real estate, bonds and more.
2. CowryWise
CowryWise is a digital wealth management app that allows users to save and invest their money securely. It enables users to grow their money with the help of investment experts.
With the help of CowryWise, users can save and invest in different plans including fixed deposits, mutual funds, treasury bills, and more.
Features of CowryWise
The main features of CowryWise include automated savings, investing, portfolio management, customised financial plans and personalised coaching. The automated savings feature allows users to set up recurring transfers into their accounts in order to save regularly.
The investing feature helps users to select their desired investments with the help of expert advice. The portfolio management feature allows users to monitor their investments and track performance.
Also, the customised financial plan feature helps users to develop a comprehensive financial plan according to their goals.
The personalised coaching feature offers one-on-one advice from experts on how to make the best decisions for your finances.
How Does CowryWise Work?
CowryWise works by enabling users to create an account and set up recurring transfers for their savings. Users can also set up automatic investing with the help of investment experts. Users can monitor their investments and track performance through the portfolio management feature.
How to Use CowryWise
To use CowryWise, you must first create an account and set up recurring transfers for your savings. After that, you can start investing with the help of investment experts.
You can monitor your investments and track performance through the portfolio management feature.
3. PiggyVest
PiggyVest is a savings and investment app designed for users in Nigeria. It provides easy access to a variety of financial services, including automated savings, investing in stocks and mutual funds, and borrowing money from lenders.
It also features a digital wallet, where users can store their money and make transactions. The app is secure and allows users to track their investments in real time.
Features of PiggyVest
- Automated Savings Plans
- Investments in Stocks and Mutual Funds
- Digital Wallet
- Money Transfer
- Borrowing Money
- Saving Goals
- Track Investments in Real Time
- Secure Transactions
How does PiggyVest work?
PiggyVest makes it easy for users to manage their finances with the help of its features. With the digital wallet, users can make payments with ease, while money transfer lets them send and receive money instantly. Borrowing money is also made easy on the app, allowing users to get short term loans with lower interest rates.
How to get started with PiggyVest
To get started with PiggyVest, users must first register an account on the app. This requires providing some basic personal information such as name, email address, and phone number. After the registration process is complete, users can set up their automated savings plans and start investing in stocks or mutual funds. Finally, they can add funds to their digital wallet to start making transactions.
4. Bamboo invest
Bamboo Invest is a platform that enables Nigerians to easily access US stocks and exchange-traded funds (ETFs). It offers an easy and convenient way to invest in the US stock market, enabling users to enjoy competitive pricing, low commissions, and 24/7 customer support. Bamboo Invest allows users to create an account, deposit funds, and start trading with just a few clicks.
Features of Bamboo Invest
- Access to U.S. stocks and ETFs
- Low transaction fees
- 24/7 customer support
- Invest in fractional shares
- Trade foreign currencies
- Regularly scheduled portfolio reviews
- Auto-investing options
- Educational content to help you get started
How does Bamboo Invest work?
The platform enables users to create an account, deposit funds, and then invest in stocks or ETFs.
Through the dashboard, users can search for stocks and ETFs and place orders for any investments. Once the order is placed, the platform will automatically execute the trade and provide notifications of successful trades.
Moreover, users can keep track of their investment portfolio with regularly scheduled portfolio reviews.
How to get Started with Bamboo Invest
To get started, users will need to create an account on the Bamboo Invest website.
After signing up, users must submit their identity documents, fund their account, and then they can begin investing.
Before placing any trades, it is highly recommended that users take some time to familiarize themselves with the platform by reading through the educational materials provided.
5. Trove
Trove is a mobile investment app designed for to invest and make money with ease. It provides its users with the ability to manage their finances, as well as invest in stocks, mutual funds, exchange-traded funds (ETFs), and fixed deposits. Trove also allows users to create multiple portfolios and track their performance in real-time.
Features of Trove
- Investment Portfolio: Create multiple portfolios with your Trove account and diversify your investments across different asset classes.
- Real-time Performance Tracking: Track the performance of your portfolio in real-time and monitor your investments.
- Low Fees: Invest in stocks, mutual funds, ETFs, and fixed deposits with low fees and competitive interest rates.
- Easy Access: Easily access your portfolio from anywhere at any time with just a few clicks.
- Security: Trove ensures the security of its users’ information with top-notch encryption technologies.
How Does Trove Work?
Trove makes investing and managing your money easy by providing a simple platform that allows users to create multiple portfolios, track their performance in real-time, and access their funds at any time.
How to Get Started with Trove
To get started with Trove, you need to sign up for a Trove account and fund your wallet. After signing up, you will be asked to provide information about yourself and verify your identity. Once your account is created, you can start investing with Trove by selecting the assets you want to invest in, setting up an AIP or manual investments, and tracking the performance of your portfolio in real-time.
6. Rise vest
Rise vest is a Nigerian-based mobile investment app that allows users to easily invest and grow their wealth. It is designed to provide an easy and convenient way for Nigerians to invest in a variety of markets.
The app has been developed to make investing in Nigeria easier and more accessible for everyone.
How does rise vest work?
It works by providing users with access to a range of investments including stocks, mutual funds, ETFs and more. Users can customize their portfolios based on their individual needs and goals, as well as monitor their investments in real-time.
Rise vest also provides users with educational resources to help them make informed decisions about their investments.
What are the features of rise vest?
- Portfolio customization: users can customize their portfolio based on their individual needs and goals.
- Automated portfolios: users can create automated portfolios to make investing easier.
- Real-time tracking: users can monitor their investments in real-time.
- Educational resources: rise vest provides users with educational resources to help them make informed decisions about their investments.
- Low fees: rise vest charges low fees, making it an attractive option for those looking to invest on a budget.
How to get started with rise vest?
- Getting started with a rise vest is easy. All you need to do is sign up for an account and link your bank account.
- Once you’ve linked your bank account, you’ll be able to start investing with Rise vest.
So if you’re looking for an easy and convenient way to invest in Nigeria, rise vest may be the perfect solution for you!
FAQ
Which app can I invest 1000 naira?
If you are looking to invest 1000 naira in Nigeria, you have several options. The best apps for investing and making money in Nigeria include PiggyVest, Bamboo Invest, Rise Vest, and more
Where can I invest and get monthly income in Nigeria
If you’re considering investing in others to get six figures monthly income, consider the following including stocks, bonds, mutual funds, real estate, and more.
Investing in the stock market can generate returns on capital through dividends and share price appreciation.
Real estate investing is also a great way to generate passive income, with rental properties and other investments providing regular monthly income.
Lastly, investing in government-backed bonds can provide a steady flow of income every month.
Where to invest $10,000 naira
Investing $10,000 naira can be a great way to diversify your portfolio and grow your wealth. There are several investment options available in Nigeria, including cryptocurrencies such as Bitcoin and others, blogging arbitrage, stocks and bonds, mutual funds, and ETFs. Try this today and experience a financial boost.
Thanks for reading.
