Investing can be a very rewarding endeavour. Even when it is in small amounts. You don’t need to have millions of Naira to start investing in Nigeria today. There are legit financial investment opportunities in Nigeria for growing your money.
Even if it’s only a few thousands of Naira, your money can grow with compound interest.
If you want to build wealth the key is in developing good habits like regularly putting some money away every month.
You can also reduce your cost of living by saving money on food, subscriptions and even transport. With this saved up money, you can start investing or just increase your investment portfolio.
In our current world, you can order food, get a ride or send money by simply swiping a smartphone screen. With investing you can do the same. If you can pay your bills with your smartphone, why not your investments? With any internet-enabled device, it’s easy.
While there are a lot of scams and Ponzi schemes posing as investment opportunities in Nigeria, there are enough legitimate online investment opportunities in Nigeria available for you not to be reluctant about investing.
If you can put a lock on your greed and be logical, you’ll be able to avoid scams. Then investing wound be a scary word. It will become simpler and straightforward for you. Even if you’re a beginner.
List of Best Online investment opportunities in Nigeria
- Invest in foreign growth stocks
- Index Funds & ETFs
- Invest in Cryptocurrency – Bitcoin & Altcoins
- Bonds & Treasuries
- Real estate investing
- Invest in a high-yield online savings account
- Invest in Agriculture investment platforms
1. Invest in Foreign Growth Stocks
We all know how bad the Naira is. That is why a lot of people are always looking for ways to earn in 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
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 with as low as N1000.
2. Invest in 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.
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.
3. Invest in Cryptocurrency – Bitcoin, Altcoins & Stablecoins
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’re 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, stable coins are a great way to do that.
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. Online Real Estate Investing
Real estate has been an investment opportunity since mankind began commerce.
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.
How they work is that they pool your money with other investors and invest in real estate investments properties. Each property is divided up into equal parts and allocated to the investors.
So if you’re a real estate enthusiast, you can start investing in them today.
6. Invest in High-yield Online Savings Account
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.
7. Invest in Agriculture investment platforms
Farming 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.