Top 10 Investment Apps in Nigeria

Share









Tweet



0

Shares



Investments are the route to financial freedom. While savings is a

healthy financial habit, investment is even wiser. You will find many

investment apps and platforms online. However, it is very important

that you watch out for those who are trusted and have a good

reputation. This article gathers the list of investment apps that work

for both android and iPhones that can help you grow your money.









(adsbygoogle = window.adsbygoogle || []).push({});

The mobile investment apps are products that allow customers or

investors to save money with additional interest per annum from their

phones. Investment apps also make available the option of investing in

sectors such as stocks, government bonds, mutual funds, and the

agricultural sector.



Investment apps are fast becoming popular in Nigeria and millennials

are embracing them and in turn, moving away from the traditional

savings model. This is because investment apps are financially

technology-backed platforms and have proven to be even more secure.









(adsbygoogle = window.adsbygoogle || []).push({});

Top 10 Investment Apps in Nigeria







The aim of these applications is to offer a hassle-free investment

experience. Both investment experts and beginners are offered a

stress-free investment experience with investment apps. Most

investment apps offer you the option of investing in securities such

as stocks, bonds, mutual funds, and the Agric sector. Below is a list

of mobile investment apps that are trusted. Ensure you consult an

investment professional and do proper research before deciding which

to trust.



CowryWise â€" For savings and investment



CowryWise is a financial technology company that offers savings and

investment options via a mobile application called cowry wise. The

platform is managed by finance and technology professionals who have

been in the business for over 20years. The cowry wise app is automated

and easy-to-use. Cowry wise was established with the aim of making

savings and investment easy for customers and to be done on a regular

basis.

On cowry wise, your savings generates up to 15% per annum. Cowry wise

also helps its customers plan their financial goals through the tools

available on the app. You are also able to invest in Nigerian mutual

funds through the app. You can only withdraw your money at the set

maturity date or choose to roll over savings which then gives you

access to compound returns.







(adsbygoogle = window.adsbygoogle || []).push({});

Piggy vest



This is one of the most trusted and popular investment apps in

Nigeria. The platform began in 2006 under the name,

“Piggybank.ng.†At first, the company offered only a savings

option and continued this way for 3 years. In April 2019, the company

rebranded to PiggyVest. At the moment, you can now invest with the

PiggyVest App. The app offers both direct investment opportunities and

savings to its users. You can make Piggyvest your regular saving app

where you save daily, weekly or monthly and can also save up the money

you will not be using for a specific period of time. Piggyvest allows

you to choose your terms of savings, these are:

Target savings: Where you save towards a goal



Safe lock: Here, you can save up the money you don’t need

immediately and earn up to 15% per annum.



Investify: With this, you can invest in low-medium risk, primary and

secondary investment opportunities.







(adsbygoogle = window.adsbygoogle || []).push({});

Investment One â€" savings, investment, and private banking



Investment One is managed by GTB Asset Management which is a

wholly-owned subsidiary of Guaranty Trust Bank Plc (GTB). Investment

One offers the following financial services: asset management,

stockbroking, trust and pension fund management services, etc. The

interest rate on the app varies.



I-invest



I-invest is a mobile application that allows you to buy securities and

treasury related instruments without the need of a broker. At the

moment, you can only buy and sell treasury bills on the platform. You

can also save money and earn interest rates of up to 8-11% per annum

on the platform. However, the minimum you can invest is N100,000. With

the I- invest app, withdrawing your funds is quite easy. All you need

to do is select the withdrawal feature and your money will be

transferred to the bank account details you have provided.



Stanbic IBTC Mobile App



Stanbic IBTC Mobile Application is managed by Stanbic IBTC bank. It is

also one of the most trusted investing apps in Nigeria. The Stanbic

IBTC mobile app offers investment packages to both local and

international investors. Other financial services offered by the app

include wealth management, pension management and investments in

mutual funds.



Note: you do not need to have a Stanbic IBTC Bank account in order to

use the app. You can download the app to start enjoying the mutual

fund product. The interest rate on capital investment varies per time.



Afrinvestor



Afrinvestor is another investing apps in Nigeria that is trusted.

Afrinvestor is an online trading and investment management platform

managed by Afinvest Securities Limited (ASL). The interest rate on the

Afrinvest app also varies. On the app, you can choose to buy and sell

shares or invest in fixed income instruments. The app also allows you

to drop complaints, comments, and suggestions using the live chat

feature on the platform between 8:00 am and 5:00 pm. You can also

withdraw cash by moving the cash to your bank account



FBN Edge App



FBN Edge App is designed by FBNQuest Asset Management which is a

subsidiary of First Bank of Nigeria. The app allows users to open

mutual funds accounts and manage their investments. As the name

implies, the FBN Edge app gives the client the edge in investing and

also help them meet their financial goals.







(adsbygoogle = window.adsbygoogle || []).push({});

FBN Edge app offers different plans such as:

FBN Money Market Fund where you can save for a short to medium term.

Investment in this plan is in short term market securities such as

Treasury Bills. The maximum starting investment in this plan is

N5,000.



FBN Fixed Income Fund



This is for those with medium to long-term investment goals.

Investments in this plan are made into long-tenured debt securities

issued by the Federal Government.



FBN Heritage Fund



This is for those willing to invest for a longer period of time.



Kolopay



This app helps you save little by little towards your whatever goal

you set. You can also earn as much as 10% interest on your savings. On

Kolopay, you can save towards goals such as electronics and videos,

real estate, home and furniture, laptops and phones, automobiles and

vacation plans. You can also set the specific amount you will like to

be debited from your bank account at whatever time you choose.



PayDay Investor



The PayDay is another trusted investment app in Nigeria. You are able

to earn interest on your investment according to the plan you choose.

The minimum starting amount for savings on PayDay is one thousand

Naira. You are also able to save towards a specific goal with your

friends and family. Account plans on PayDay investor

include:Goal-based investment

One-time investment

Group Goal Investment







ALAT by Wema plans



This is a fully digital banking app powered by Wema Bank. With ALAT,

you can open an account in less than five minutes. You are also able

to save and earn up to 10 % per annum.

























(adsbygoogle = window.adsbygoogle || []).push({});







(adsbygoogle = window.adsbygoogle || []).push({});

jQuery(document).ready(function( $) { $.post(

'https://nigerianfinder.com/wp-admin/admin-ajax.php', {action:

'mts_view_count', id: '290433'}); });









Share









Tweet



0

Shares

Comments

Post a Comment

Popular posts from this blog

Problems of Agricultural Programmes in Nigeria

Share Tweet 0 Shares The Agriculture sector in Nigeria has huge potentials that have not been fully harnessed. The sector has in fact gone through various phases of development that involved policies and agricultural programs. Every policy and agricultural development in Nigeria are set up with the aim of increasing the impact of the sector on national development. Different governments have gone on to initiate several agricultural policies and programs to ramp up agricultural productivity in Nigeria. An agricultural programme entails a comprehensive plan that includes the aims and objectives to be attained in the agricultural sector, the resources required and other activities to be performed in order to achieve certain goals in the agricultural sector. The use of agricultural programs as a tool to achieve productivity in Nigeria dates back to the colonial era and even many more programs have been set up after that. In spite of all this, it is generally accepted that Nigerian agricult...
Read more

Problems of Contributory Pension Scheme in Nigeria

Share Tweet 0 Shares A pension refers to payment made by the government of a country to its retired citizens. It is an arrangement between citizens and governments wherein a worker deposits a certain percent of his or her salary to a pension account so that upon retirement, they can have access to these funds. (adsbygoogle = window.adsbygoogle || []).push({}); Before 2007, Nigeria operated a defined benefits system where the pension account was funded solely by the employer, or in the case of the civil service, by the government. This meant that retirement benefits were included in the annual government budget. This was difficult to maintain for the employers because it was too expensive. Hence the introduction to the contributory pension scheme. Under the contributory pension scheme, it is the responsibility of both the employer and the employee to contribute to the pension account. The employee pays a minimum of eight percent of his or her total monthly remuneration while the employe...
Read more

Problems of Curriculum Planning in Nigeria

Share Tweet 0 Shares Curriculum planning has to do with gathering relevant information from many sources that will help design the details of the courses and subjects taught in school to a learner. The purpose of a curriculum is to enable learners to acquire the knowledge and skills that will ensure they are effective in society. Curriculum planning is a process that entails making strategic decisions and selecting what works best for the students. Most essentially, those planning have to observe and consider the needs of society, in order to adequately meet those needs. Curriculum planning involves designing and re-designing the programme to ensure all factors necessary to facilitate teaching are well covered. These include: What to teach and to whom, Qualifications for who teaches, Materials and resources to be used, Condition and place to teach, etc. This article is on the problems of Curriculum planning in Nigeria. (adsbygoogle = window.adsbygoogle || []).push({}); Problems of Curr...
Read more