Top Investment Opportunities in Nigeria (2023)

financial investment opportunities in Nigeria

last Updated on November 9, 2023

Do you want to explore investment opportunities in Nigeria? The country has the largest economy in Africa and one of the fastest-growing in the world. These are the best investment opportunities in Nigeria right now.

Despite the lack of infrastructure and poor government policies in Nigeria, Investment opportunities in the country continue to abound.

Nigeria is the most populous country in Africa with a population of over 200 million people, the country is located in West Africa. Nigeria is a significant oil producer and exporter, and the country is also rich in other natural resources such as coal, tin, and iron ore. Also, the country is a hub for various industries, including agriculture, manufacturing, entertainment and services, making it a great option for anyone looking to invest in the country’s growth potential.

However, choosing to invest can be a bit intimidating and sometimes a bit complicated. Because of the different types of online investment platforms that exist in Nigeria today.

No matter whether you’re looking to invest for the first time or you’ve some experience in investing. There are innovative online platforms out there that can help you make smart financial decisions with your money.

If you’re looking for existing online investment opportunities in Nigeria and how to decide which online platform to invest in. We have reviewed the top investment opportunities in Nigeria that promise higher returns and long-term profitability.

1. US Growth Stocks

apps to buy stock in Nigeria

We all know how bad the Naira is. That is why a lot of people are always looking for ways to earn dollars or store their Naira in Dollars. What better way is there to make dollar-denominated investments from Nigeria than investing in companies on the stock market?

You can invest in the biggest companies in the world like Facebook, Apple and Tesla. You can also invest in growth stocks as well.

See: How to Buy Facebook Shares in Nigeria

Growth stocks are companies on the stock market that can increase their revenue and earnings at a faster rate than the average business in their industry or the market as a whole.

In Nigeria now, you can invest in any of the US stocks from an app. Within a few minutes, you can be a shareholder in the world’s biggest companies. With online stock investment platforms like Trove, Bamboo, Chaka and Risevest you can start investing in foreign shares as low as N1000.

Also, to begin investing in the stock market see Best Broker for indices for more information.

Also See: Best Apps to Buy Stocks in Nigeria

2. Index Funds & ETFs

An index fund is a passively managed portfolio of stocks or bonds that are designed to copy the composition and performance of a financial market index. Like the S&P 500, the Dow Jones Industrial Average or the Nigerian Stock Exchange 30 Index (“NSE 30 Index”)

Index funds typically have lower expenses and fees than actively managed funds. The investment strategy of Index funds is to match the risk and return of the market.

Based on the theory that in the long term, the market will outperform any single investment.

Index funds are one of the best investment opportunities in Nigeria because In many cases, index funds outperform the majority of actively managed mutual funds.

See: How to Earn on Hawkit in Nigeria

ETFs are similar to index funds in how they operate. The main difference between an Index fund and an ETF is how they are sold and bought. Shares of ETFs trade like normal stocks; they can be bought and sold whenever markets are open. While you can only buy into an index fund once a day, after the markets close. This means that the price of any given ETF fluctuates throughout the trading day, while the price of an index fund only changes once a day.

You can purchase index funds or ETFs using Trove, Bamboo, and Chaka

3. Cryptocurrency

Cryptocurrency Trading Apps in Nigeria - Bitcoin Trading Platforms

People now use cryptocurrencies as investment vehicles as well as for buying things online. Cryptocurrencies are seen by many as one of the most radical investment opportunities of all time.

While there is no doubt that investing in cryptocurrencies is risky. Mainly because of how volatile cryptocurrencies are.

The price of cryptocurrencies usually goes through extreme ups and downs. There are also lots of unknowns when it comes to cryptocurrencies. For cryptos to work like normal currencies, there’s is still a lot to iron out. 

Don’t get me wrong there are a lot of people making money by trading crypto but you have to be smart and wise. You must select the right cryptocurrencies to invest in.

Cryptos that you believe will still be here for a long time. And to make money trading cryptos make sure you buy a cryptocurrency when the price is down and sell when it is high.

Investing in Bitcoin and other alternative coins (ethereum, Solana, Doge) is one of the legit investment opportunities in Nigeria. You can start investing in cryptocurrency in Nigeria with Binance and Bundle.

Stablecoins are also a great way to invest (or save in dollars). Stablecoins are cryptocurrencies that are backed by other assets like fiat money e.g 1 USDT (stable coin) = 1 dollar.

So if you want to invest in dollars without going through banks or other financial institutions, stablecoins are a great way to do that.

Checkout: How to Save in Dollars in Nigeria

4. Bonds & Treasuries

A bond is an agreement between an investor (like yourself) and a company, a government, or a government agency that issues the bond.

When an investor buys a bond, they are loaning money to the issuer (company or government) in exchange for interest upfront and the return of principal at maturity.

Unlike stocks where the investor is an owner of the stock (company shares), the investor of a bond becomes a lender to a company, city, or government.

Treasury bills are similar to bonds as they are both fixed-income securities, the difference between T-ills and bonds is the maturity term.

While T-bills can have maturity periods of up to 1 year, Bonds are investment instruments that have maturities of more than 1 year.

5. Real Estate

real estate investment platforms in Nigeria by Koboline

Real estate has been an investment opportunity since mankind began commerce.

The real estate sector in Nigeria is one of the fastest-growing in Africa, with a high demand for residential and commercial properties. The real estate sector offers investment opportunities in property development, property management, and real estate investment trusts (REITs).

You don’t need to be a millionaire or collect huge loans from banks to start investing in real estate. A host of real estate investment platforms are starting to crop up in Nigeria.

With Platforms like Risevest, and Coreum, you can start investing in real estate from an app.

How they work is that they pool your money with other investors and invest in real estate investment properties. Each property is divided into equal parts and allocated to the investors.

So if you’re a real estate enthusiast, you can start investing in them today.

Checkout: Top Real Estate Companies in Lagos, Nigeria

6. High-Yield Online Savings Account

online savings platforms in Nigeria

We all know that banks in Nigeria give little to no interest on their savings account. The only bank products that tend to offer high interest rates are their fixed deposit accounts.

However, there are other ways to earn high interest in your savings in Nigeria. Online savings platforms in Nigeria allow you to earn high interest in your savings while encouraging your saving habit.

With platforms like Piggyvest and Cowrywise, you can earn as much as 10% to 16% annually on your savings.

Read: Best Domiciliary Account in Nigeria

7. Agriculture Investment Platforms

Nigeria is an agricultural-based economy with vast arable land, making agriculture one of the most profitable sectors to invest in. The government has put measures in place to attract investors to the sector, including tax holidays, duty-free importation of equipment, and other incentives.

The agricultural sector offers a wide range of investment opportunities in Nigeria, including crop farming, livestock farming, agro-processing, and export of agricultural products.

While agriculture can be a lucrative business, it can also incur losses as well. You have to be careful and perform due diligence when investing in a platform.

Check for reviews online in places Like Nairaland or Twitter. See what other Nigerians are saying about the platform you want to invest in.

Most of these Agriculture platforms have done most of the work to ensure that the farmers on their platforms have a good harvest which means a good return on your investment.

Top Apps for Online Investment Opportunities in Nigeria

1. Carbon

Carbon Paylater reivew

Invest as low as ₦100 and earn 16% interest per annum. The investment durations are currently 3, 6, 9 or 12 months. You can withdraw funds anytime. This investment feature of Carbon is called Payvest. Carbon also offers other services like payments, bills and loans. A carbon user also has access to a free credit report.

  • Fees: None.
  • Features: Earn up to 16% per annum when you invest with Payvest. Invest from ₦100 – ₦10,000,000

Sign up for Carbon here>>

2. Piggyvest

how does piggyvest work - who owns piggyvest

Piggyvest is the first company in Nigeria to simplify savings for people. Having started out as a purely digital savings company, it quickly became an investment medium because of its better interest rates.

The company’s saving features include Safelock, Target Savings, and PiggyFlex. While the investment solution called investify, allows you to invest in agriculture, real estate and transportation. So with Piggyvest you can save and earn or you can invest and earn.

  • Fees: 5% fee for withdrawing outside your 4 free-of-charge withdrawals annually.
  • Features:  10% – 15.5% interest on savings. over 25% return on investments.

Sign up for Piggyvest here>>

3. Cowrywise

cowrywise savings and investing app

Cowrywise allows people to automate their savings and earn 10-15% interest per annum. No penalties or fees are involved.

You can also create multiple savings plans customized to match different goals. Cowrywise also offers people group savings, the ability to collaborate with other people towards saving towards a common goal.

It is also possible to invest in Nigerian mutual funds with Cowrywise.

  • Fees: None.
  • Features:  10-15% interest per annum

Sign up to Cowrywise here>>

4. Risevest

rise vest review dollar investment app - koboline

Risevest is a dollar-denominated Investment platform that allows any Nigerian to build a portfolio of dollar-based real estate investments in America.

The company purchases and manages real estate (rental properties) on the investor’s behalf while passing on the cash flow and capital gains to the investors. Risevest offers better rates than Treasury bills and traditional real estate and also allows you to invest in a stronger currency than the Naira.

Risevest currently has over ₦175 Million under management and already has existing, returns-producing assets in its portfolio.

  • Minimum investment amount: $1,000. However, you can pay in $100 instalments daily, weekly or monthly till it reaches the minimum investment amount.
  • Investment returns: 10% to 13% per annum ( USD). You can reinvest your earnings or have them deposited into your linked account on the platform.
  • Features: Yes, all investments in Cashestate are 100% insured against damages and losses.
  • Fees: No. However, Cashestate withholds a portion of all disbursements to pay taxes to the IRS while you have the responsibility to report and pay taxes to the relevant authorities where you reside.

5. Investnow

Investnow lets you invest in Nigerian stocks, Mutual funds, Treasury bills and Trust funds.

The platform also enables you to track and unlock the value of all unclaimed dividends/outstanding bonuses from quoted companies in Nigeria. Investnow also has a feature called Simple Wills, an easy and convenient way for anyone to draw up their Wills from the comfort of their home or office.

  • Fees: 1.5% or a Maximum of ₦2000 per transaction.
  • Features: Live on the Nigerian Stock exchange on an online real-time basis as well as monitor your order placements during trading hours. You can also view your cash and portfolio holding balance, fund your account (one-off and recurrent/standing instruction) and view all your accounts for the various Businesses under a Consolidated portfolio dashboard view. 

Sign up for Investnow here>>



Trove is a technological platform that lets Nigerians invest in international and local financial opportunities. Like the US, Chinese & Nigerian Stocks, Government Bonds, US ETFs and more. From as little as ₦1000. Trove allows for a diversification of an investment portfolio by becoming a stakeholder in foreign and global companies.

  • Minimum investment: ₦1,000.
  • Holding period: As long as you like.
  • Investment monitoring: You can track returns on investments purchased through the Trove app.
  • Features: You can withdraw uninvested cash in your wallet for 3 business days or more. If you’re withdrawing more than your invested cash. You’ll need to sell some of your purchased assets. If you submit a sell order it will take between 1 to 2 business days for your funds to settle in your account. You can either choose to deposit the fund in your wallet or bank account. For foreign securities, the least amount you can withdraw is  $50.

Sign up to Trove here>>

7. I-invest


I-invest is of a kind app that enables you to purchase and manage Treasury bills from your mobile device securely. I-invest ensures risk-free investments because its investment portfolio is treasury bills.

The app provides a dashboard to track diverse investment portfolios. It also offers a convenient way for retail investors to save money whilst earning attractive interest rates.

  • Features: The minimum investment on  I-invest, is a hundred thousand Naira (N100,000). Interest accrues daily and the investment amount and interest is credited to your account upon maturity. You can also cash out your money (pre-liquidate) at any time but after a minimum holding period of 30 days.
  • Interest rate: 8% – 11%
  • Maintenance Fees: None
  • Pre-liquidate (Cash in before maturity): Yes, after a minimum holding period of 30 days.

Sign up to I-invest here>>

8. Fint

fint loan

FINT connects people (lenders) looking for attractive returns with borrowers looking for affordable loans. It’s a loan marketplace that connects creditworthy borrowers to lenders, who get back their money with interest.

Fint has various investment products such as Agriculture, Power, Asset-Backed Loans, Personal Loans, Insurance and real estate. Lenders on FINT can earn up to 39% per annum on their investment.

See: Best P2P Loans in Nigeria

  • Features: Investments Amounts on FINT range from  ₦5,000 – ₦100,000,000. Earn up to 2% lifetime commission by referring Lenders to FINT.
  • Interest rate: 26%- 39% annually
  • Fees: 1.5% Operation Fee deducted from monthly returns.

Sign up to FINT here>>

9. Payday Investor

payday by ARM

PayDay Investor created by ARM Group allows users to create a savings goal and invests the money on behalf of the savers in its money market fund. The ARM Group manages assets of ₦967 Billion, so you can be assured that your money is in good hands.

Returns on the Payday Investor app are paid quarterly. Payday Investor allows you to decide how much and when you want to invest. Set multiple investment goals, auto-invest and customize your investment plans all in the payday invest.

You can withdraw your investment (savings & yield) at any time as long as all your KYC (Know your customer) requirements have been met.

  • Interest rate:  Over 12%
  • Features: Goal-based investments, Group investments and one-time investments.
  • Fees: NEFT transfer fee of ₦52.50 / 1% convenience capped at ₦1,500.
  • Minimum withdrawal: ₦1,000

Sign up to Payday Investor here>>

One response to “Top Investment Opportunities in Nigeria (2023)”

  1. frolep rotrem avatar

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