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What are Savings and Investment? This article will let us know the top 23 savings and investment platforms in Nigeria to engage ourselves. Though we often mistake Savings with Investment, in the real sense both words are somewhat different. However, the two are what we should all take part in for maRead more
This article will let us know the top 23 savings and investment platforms in Nigeria to engage ourselves. Though we often mistake Savings with Investment, in the real sense both words are somewhat different. However, the two are what we should all take part in for maximum independence.
One of the reasons I say the two are different is because Savings is always in the short term on the other hand Investment is mostly in the long term.
Savings is any Money set aside to meet future occurrences. Savings set aside can be daily, weekly, or monthly as convenient by the saver. Saver can also make more money for saving which can come in the form of interest. in other words, some companies give an extra token for saving with them.
For instance, if you need to pay house rent by the end of the year, you can start saving from the beginning of the year. All you have to do is calculate the amount you would be paying at the end of the year then divide it by either daily, weekly, or monthly and before you know, your house rent will be easy to pay.
However, Investment is putting away some money solely to make a profit. This kind of Money can be put to use on stocks, bonds, real estate, mutual funds, gold, and digital currencies known as cryptocurrencies. It is a long term saving that you might not be able to withdraw at any time except some stipulated time which makes it an investment.
Afrinvest is a leading independent investment banking firm that focuses on West Africa and active in four principal areas which are; Investment Banking, Securities Trading, Asset Management, and Investment Research.
Afrinvest is both a leading provider of research content on the Nigerian market likewise a leading adviser to blue-chip companies across West Africa.
They provide financial advisory services as well as innovative capital raising solutions to High Net-worth Individuals (“HNIs”), corporations, and governments. In addition, the organization is regulated by the Securities and Exchange Commission (SEC).
Afrinvest Asset Management Limited (“AAML”) is licensed by the Nigerian SEC as a portfolio manager. AAML delivers world-class asset management services to a range of mass affluent and HNI clients.
The Afrinvest Dollar Fund is an open-ended mutual fund that will be invested in Dollar-denominated Securities registered in Nigeria. Moreover, before you can take part in this investment, you have to convert your money to USD cause you’re investing in USD. Returns come in 6 months intervals and you can earn within 6 -7.5% per annum. The fund manager will help you manage your fund in other to make a profit.
The Federal Government of Nigeria (FGN) Savings Bond is a bond being issued by the Debt Management Office on behalf of the FGN. The bond issuance is part of the Federal Government’s program to encourage small savers and it helps them earn more interest when compared to their savings accounts with banks. The minimum you can save is as little as 5,000 naira, and the interest would be paid at the end of 3 months. Do not get it twisted there a still lot on investment opportunity aside those listed above. Log in to know more.
Afrivest Interest rate; 4 – 9+%
Here come another online savings and investment platform in Nigeria to talk about. Firstly, Alat by Wema is Nigeria’s first fully digital bank, designed to match your lifestyle and helps save more.
Built from scratch to be entirely digital, making all banking services available to you anywhere you can access the internet. It is easy to use and stress-free. All you need to do is Open an ALAT account from your phone with your BVN and phone number, and you are good to go. No paperwork required.
Take the pressure off with a simple automated savings plan and earn a 10% annual interest – three times the standard bank rate.
Get a short-term loan whenever you’re in a pinch, few questions asked.
Free Card Delivery
Pick one of three bank card designs and we’ll deliver yours to you in two business days, anywhere in Nigeria, at no cost.
Pay In Dollars
Create a free virtual dollar card for paying online, convert naira to dollars any time.
Bamboo is one of the savings and investment platforms in Nigeria that helps you buy and sell hundreds of Nigerian and U.S. stocks with as little as $20.
Actually, Bamboo saw how tedious and expensive it was to buy and sell stocks listed on the Nigerian & U.S. stock markets, so they made it simple to sign up, fund, trade, and track investments.
Another fascinating thing is that Bamboo is a member of the Stock Exchange Commission of Nigeria (SEC), and of the United States. Shares Investor Protection Company (SIPC), and the shares can be covered with the SIPC for up to $ 500,000.
You have to know that this platform doesn’t guarantee your profits because they don’t collect funds for investment. One will have to make investment decisions themselves. Investors will trade in stocks by themselves in other to earn.
Carbon is another platform that helps in savings and Investing in Nigeria. No doubt this platform has other essential features like “getting a loan”. “paying for bills” and so on. But because of our topic, we will be focusing on the Investment aspect of the platform.
With the help of “payvest”, you can save in the form of Investment and earn up to 16% per annum. In addition, you can invest with any amount you can afford, even as little as 100 NGN.
More so you have to know that the Investment and Interest rate can only be paid on maturity.
Here are other online Savings and Investment Platforms in Nigeria. I cannot but talk about it. Cowrywise has been existing for some time now and they have been doing absolutely well. In Cowrywise, you also have the chance to save and Invest.
CowryWise.com is a property of CowryWise Financial Technology Limited, a company duly registered with CAC. Both CowryWise.com and CowryWise Financial Technology Limited are legal entities in Nigeria. Their investment professionals invest savers funds in financial instruments and manage the investments to ensure the best return. To ensure the security of savers funds, assets are held by Meristem Trustees, a company registered with the Security and Exchange Commission (SEC) on behalf of savers. These assets are marked to market periodically to ensure savers are protected.
Regular savings – with this, you can save money as it pleases you within a period of 3 months- 1 year and you could get 6-9% interest returns.
Circle saving – save or donate together with other Cowrywise users for a particular project and you could earn higher interest than your commercial banks.
Halal Savings – This isn’t for everyone though. It is only for those whose belief doesn’t take interest in their spare money.
Life goals – This type of savings is used to tackle plans. The minimum you can participate here is 1 year. You could also get between 6-9% in profit.
Talking about Cowrywise Investment opportunities, they are mainly based on Mutual funds. They have a series of companies one can invest in with different risk control and different interest to be paid. The companies I would gladly recommend are
Another platform we will be talking about on agricultural savings and investment platforms in Nigeria is Farmcrowdy. I so love the concept of this platform that I can’t let go ever since I knew them. That is the fact that the platform targeted the agricultural sector.
Furthermore, Farmcrowdy is the first Nigeria digital agricultural platform that makes agriculture one and its only aspect. This is one of the agricultural investment platforms in Nigeria to earn extra bulk.
The list goes on and on. Sincerely, I love to invest here because it has fund security and handsomely returns. The rewards are Mad…
Farmcrowdy Interest rate is 10% – 44+%
FBNEdge brought to you by FBNQuest Asset Management, simplifies investing by allowing users to open mutual fund accounts, manage investments, and track their progress on the go.
It is a handy app that gives clients an investment advantage as it helps them take control and stay up to date to achieve their financial goals as soon as possible.
In addition, a full-service investment management company dedicated to providing a wide range of investment solutions to clients, Crown corporations, corporations, institutional investors, wealthy individuals, and small investors. These products include mutual funds, liquidity management, and an independent portfolio.
Its investment approach is designed to offer superior risk-adjusted returns to clients. Over time, an increasing number of clients rely on our extensive experience in the financial markets, as well as the in-depth knowledge and information we provide to help them achieve their financial goals.
As I have said earlier that they practice strictly mutual fund products and which is always available on the App for now. These are the
FBN Money Market Fund:
This is the ideal choice for a regular saver whose financial goals are short to medium term. FBN Money Market Fund invests in short-term and high-quality money market securities portfolios such as Treasury Bills, Commercial Papers, Bankers Acceptances and Deposit Certificates issued by Nigerian rated banks.
In this program, the overall starting investment is N5,000.
FBN Fixed Income Fund:
If you have medium to long-term investment goals, this plan is for you. FBN Fixed Income Fund provides access to a diversified portfolio of long-tenured debt securities issued by the Federal Government of Nigeria, state government, and institutional corporations. Also, for this investment, the minimum starting rate is N50,000
FBN Heritage Fund:
This is suitable for investors that want to earn greater rewards over a long term period.
The Nigeria Farmers’ Group & Cooperative Society (NFGCS) is plug-n-play agricultural savings and investment platforms in Nigeria enabling you to invest securely with attractive returns in various opportunities within the agribusiness sector. NFGCS has set up a farm settlement village in the Ga’ate community of Kokona LGA, Nasarawa State where they carry out successful crop production activities, animal husbandry, and processing, under the brand name Ga’ate Gold.
Investing with NFGCS is an opportunity to play a key role in Nigeria ‘s farming initiative to feed and grow together, by engaging citizens to develop the agro sector. Thus, Ga’atevest is a cooperative crowdfunding platform that offers Nigerians worldwide the opportunity to invest in agriculture while attractively earning returns.
I. You can invest in any of the different agricultural investment opportunities on the app and earn timely attractive returns on these investments.
II. You can invest a certain amount monthly towards a particular goal. There are various Monthly Minivest Plans which you can subscribe to. You can stop this Minivest Plan at a time that suits you.
Ga’atevest interest rate is 12% – 50+% interest per annum.
This is another wonderful platform to discuss Top Savings and Investment platforms in Nigeria. I-Invest comes in the form of a mobile application that allows current and yet to be investors save and invest directly from the app without the help of a broker.
Furthermore, the platform aids investors to save money and earn reasonable interest rates. Besides, it helps investors to fund infrastructure projects in Nigeria in other to make a profit.
The application can be gotten free of charge from the play store. Download the app and start to save, buy, and sell treasury bills and euro bonds.
On I-Invest savings; You have the opportunity to save on the platform and withdraw at your wish with some percentage of income
And the Investment you can participate on are;
You can buy the CBN Treasury Bills from this platform and which is a short term investment that you can cash out even after 30 days. The interest rate for Treasury Bills falls within 3% – 4.5%.
The Eurobonds investment is one that you can have access to on the maturity period only, and which can be twice a year. The interest rate falls between 6.38% – 7.63% per year.
There are lots of companies on the platform that you can trade it equities and which gives a reasonable interest rate within the time frame.
You can register and login to their app to know more.
Here is another beautiful one on top savings and investment platforms in Nigeria. Investment One is one of the fastest-growing Financial Services firms in Nigeria. The company is a subsidiary of Guarantee Trust Bank (GTB). Investment one is one of the leading companies in financial services such as savings, Investment Banking, and Private Banking. Also, the company is licensed by the Securities and Exchange Commission (SEC).
Furthermore, Investment One offers quality and distinctive business in financial services such as asset management, stockbroking, trust, and pension fund management services, and others, with interest rates from savings and investments. Investment One Interest rate. varies from savings to investment…