The Involvement Of Central Banks
Many Nigeria brokers are now also using the services of central banks like the Bank of England, and the US Federal Reserve. These central banks control the supply, availability, and flow of currency, and any trader who wishes to begin trading must use these banks’ platforms. The platforms of these central banks are available to anyone who wishes to register with them. They allow anyone, whether a beginner or a professional, to open an account, open a debit card account, and even transfer funds between their accounts.
Cowrywise For Savings And Investment
CowryWise is a financial technology company that helps people save and invest through a mobile application.
With CowryWise you can invest in low, medium and high-risk investments. Some of these investments include Nigerian Eurobond, Mutual funds and other money market securities provided by third parties.
- Saving interest: 10%
- Investment interest – varies
Investment Platforms In Nigeria
August 1, 2020 by Finance
Are you looking for the best investment platforms in the country? At a loss for what and where to invest in? Finding just what you can invest in can be very tricky, and sometimes challenging. Even when you do, what you get might not be what you want.
Look no further though, because weve got a list of investment platforms you should look at if youre looking to make a wise decision with your finances.
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Best Investment Platform In Nigeria
After a thorough review of several investment platforms, I come to the conclusion that Bamboo is the platform to invest your money. If there is any investment platform in Nigeria that must be considered among the top investment platforms, Bamboo is the one to consider without any doubt.
Bamboo is a preferred investment company which provides easy accessibility to over 3,000 stocks traded on the New York Stock Exchange from the convenience of your home using your smartphone. This development has made the investment dreams of many people to become a reality.
Funding your Bamboo account is effortless. You can easily fund your Bamboo Naira or Dollar wallets and start investing. You can also choose to diversify your money by purchasing stock packages. Its very straightforward to do.
You can start to invest in Bamboo as soon as you are ready. To begin with Bamboo Investment, you will need at least $20 USD or the nearly equal in Naira.
However, you should be aware that if you deposit money in Naira, you can only withdraw to your Naira account. Also, if you deposit in Dollar, you can only withdraw to a dollar account as the app is designed.
When you sign up for a Bamboo account, you will be asked for your BVN, as well as a valid ID and an electricity bill. They accept Visa and Master cards, as well as bank transfers as payment methods.
Securities Investment Protection regulates all Bamboo investments, and all accounts are FDIC-insured up to $500,000 in value.
Getequity Invest In African Startups
GetEquity is a very unique investment platform that allows you to invest in the top local startups in Africa from seed to IPO.
Investing in startups was for those in the know but GetEquity has democratised startup investing for Africans and any can fund emerging, high growth, promising innovations from Africa from the click of a button.
GetEquity is able to do this by using tokenised equity which is the digital version of real security assets .
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Social Media Marketing Services
If you spend hours on Twitter, Instagram, Facebook, or other social media platforms daily, you can convert your time into money. You can do this by monetising your social media accounts or assisting companies to manage theirs. Use the platforms for advertising other people’s products at a fee. For this to work, you should have a significant following. It is wise to take affordable online marketing classes beforehand to gain the skills necessary to succeed in this industry.
Piggyvest Invest In Fixed Income Instruments Agriculture & Transportation
PiggyVest is another online investment platform in Nigeria that has simplified saving and investing money in Nigeria via the internet.
This company started out as a purely digital savings company, it quickly became an investment medium because of its high-interest rates. PiggyVest allows people to invest in its mix of investment options.
Product features of Piggyvest
Interest rate: Over 10% per annum
Withdrawal charges: 5% fee for withdrawals outside fixed withdrawal days
Investment plan: Dollar wallet savings, SafeLock Savings, Target savings, Investment options, and Core savings, Other features: PiggyFlex, SafeLock, and Target savings.
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Do I Need A Lot Of Money To Start Using An Nigeria Investment Platform
Some Nigerian investment platforms are free for certain types of financial assets, while others require a minimum balance to use their services in Nigeria. Some of the free services include investing in mutual funds, stocks and options in Nigeria. Others require a minimum balance of 100 NGN – 800 NGN or more.
While investing apps in Nigeria and sites are appealing to novice Nigerian investors, you should be sure you have the financial resources and knowledge of trading live financial markets to make wise decisions when investing or trading in Nigeria. Nigerian investors should have a budget and set monthly expenses, as well as a retirement savings account in Nigeria. Many novice Nigerian investors assume they will make money quickly and easily, this is not the case with investing in Nigeria. If Nigerian traders are not ready for the level of risk trading live markets holds, investing platforms, apps and services are not for you. A big or large amount of money is not necessary, but you should be sure to manage all of your other finances in Nigeria, and only place live buy and sell trades with only you can afford to lose.
Recharge And Get Paid
Recharge and get paid is a great way to earn money weekly. This is purely based on network marketing and you dont have to wait till the end of the month before you cash out you can earn money on a daily basis.
RAGP is a duly registered business in Nigeria under CAC and it is approved by the Nigeria communication commission .
Their partners include start times, DStv, PHCN, and many more. So, you can feel safe investing in businesses like this.
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Tailor Your Changing Needs
You or your investment manager can design your investment portfolio to help you achieve various goals throughout your life, such as: As you get older, you may prefer less risky options. With careful planning, you can adapt your portfolio to meet changing goals and priorities.
If you plan to invest for the long term, you may want to invest in funds with growth potential, riskier sectors such as emerging markets or private equity where your savings could face short-term market changes. As you approach retirement, you may want to invest in income-focused options.
Chipper Money Invest In Stocks And Crypto
It is an application that allows you to send and get money across Africa. It likewise enables you to put resources into Stocks and crypto as well.
Sprightly allows you to build your portfolio by permitting you to purchase portions of foreign organizations like Apple, Facebook, and Nike. Chipper money professes to offer the least commissions and the quick exchange executions.
You can likewise trade bitcoin effectively on this application too.
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Online Savings Platforms In Nigeria
September 25, 2021 by Finance
The long walk to technology has facilitated a number of rigorous and monotonous tasks. We recall the days of physical piggy banks -traditionally referred to as Kolo which we used when we needed to save. Courtesy of innovation and technology, an era of change has swept the industry. How to save money in Nigeria using investment apps and online saving platforms are growing in Nigeria and millennials are embracing them, drifting from the traditional savings to financial technology-empowered platforms. The objective of these platforms is as clear as crystal: to offer a hassle-free investment and savings experience.
These mobile investments and savings platforms allow both rookies and experts in the industry to save money. A perk to this is that there is the option of investing in securities such as stocks, bonds, mutual funds, and most recently the agricultural sector.
Do Forex Traders Pay Tax In Nigeria
Once a traders profits reach a level where the income on the Forex trading can be taxed inNigeria the trader should make sure all taxes owed for a financial year are paid.Nigeria taxes should be filed even if there were losses on the year.If Trading losses cannot be claimed against personal income taxes.A trader should file them with the proper government agency in Nigeria.You should seek advice with a Nigeria tax professional to ensure they are abiding byall proper tax laws in Nigeria.In Nigeria Islamic accounts do not have additional restrictions on trades.
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Best Investment Platforms Nigeria 2022
Nigerian investment platforms are online services that allow individuals to buy, sell, or hold financial securities like stocks, shares, fiat currencies, cryptocurrencies, and commodities like gold, silver, oil, gas, wheat. Investment platforms in Nigeria also allow the trading of ETF and futures and high risk leveraged CFD trading.
An Investment platform in Nigeria allows Nigerian investors to set up a portfolio, based on their Investment goals in Nigeria and risk tolerance levels. Investment platforms allow Nigerian investors to manage and monitor their multi asset portfolios on a modern Nigeria investment platform with a wide range of trading accounts. If Nigerian investors want to manage several Nigeria investment portfolios, this can be done with multiple accounts on one or many investment apps and platforms availabe to Nigerian traders in Nigeria. An Nigeria investment platform will have a range of trading tools, trading fees, funding and withdrawal options, and tradable assets from all over the world available to Nigerian traders in Nigeria. Some investment platforms in Nigeria are available in investment app form on mobile iOS and Android devices. Some newer investment applications have social trading and copy trading features allowing Nigerian traders to follow and monitor the trades of more experienced traders in Nigeria and the rest of the world.
What Do Nigeria Investment Platforms Offer
The advantages of Nigeria investment platforms are numerous: they allow you to invest in a wide range of Nigeria investments, such as stocks, bonds, and mutual funds. You can also choose to invest in an already-made portfolio. In fact, this new generation of Nigeria investment platforms is aiming to take on the traditional stockbroker by making investing as simple and low-cost as possible. They also provide tools to help intermediaries make money-related decisions.
Before deciding on an Nigeria investment platform, consider your Nigeria Investment objectives. After all, investing is about making your money grow over time. Once you have set your Nigeria Investment goals, you can then focus on the products and services that will help you achieve them. If you are not sure of what you are doing, invest some time exploring the options and choosing the right investment platform or trading app for you. You will be glad you did.
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What Percentage Do Investment Platforms Pay Their Investors
All investment platforms dont pay a uniform Percentage of investment the amount of interest you get depends on the investment platform. Generally, investment platforms in Nigeria offer at least 10 to 25% returns on your investment.
An important thing to note is that all legit online investment platforms in Nigeria must be registered with the Security and Exchange Commission . Avoid any investment platform that is not registered with SEC.
Search For A Trading Market
You should now have an eToro account that is funded in US dollars. Now, its just a case of finding the market you wish to trade and placing your first order.
If you know which market you wish to access use the search box at the top of the page. As you can see from our example we are looking to speculate on the future value of natural gas.
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Top 15 Online Investment Platforms In Nigeria
One of the secrets to making wealth is through investments. Not just any investment, but the right type of investment. Researches have shown that online investment in Nigeria has come to eradicate poverty among Nigerians. Why would I say so? Through online investment platforms, you can build a solid asset base that can secure your future. Online investment platforms allow you to invest in mutual funds, gold, cryptocurrency, and so on.
Through these platforms, the process of investing in these treasures have been automated and made easier.
How can I get started?
To begin a legit online investment in Nigeria, you just need some basic requirements, and then you are good to go. The requirements include:
- A valid means of identification. It could be a national ID card or a driver license.
- A debit card
- A smartphone or a laptop with a subscription
- A working bank account
Enlisted below are the platforms that provide the best investment opportunities in Nigeria:
A post shared by Piggyvest on Feb 10, 2020 at 10:13am PST
You can start up automated savings using this app. It can be daily, weekly or monthly.PiggyVest plans include:
This specific plan allows you to save either daily, weekly or monthly.
In adding up money to your core savings, two options can enable you.
They are quick save and autosave.
Quicksave enables you to add money directly from your bank account to your core savings.
For example, you can choose to be saving N2,000 every Friday night by 9 pm.
Top 10 Online Savings And Investment Platform In Nigeria
Top 10 Online Savings And Investment Platform In Nigeria
Top 10 Online Savings And Investment Platform In Nigeria
The need for saving and investing cannot be overemphasized especially in a country like Nigeria where you get to work your way out for all you need. Commercial banks used to be the major saving platforms among Nigerians, but that has changed. Most people no longer feel comfortable saving their money in banks because of the unnecessary charges that are incurred on it. Nigerian banks have failed woefully in the area of interests on peoples savings, hence, the need to move to online savings. One major reason for saving on online platforms in Nigeria is to be able to save money over a period of time and earn interest with it. Online savings also saves people the stress of having to go to the bank.
However, there are a number of online fraudulent platforms that pose as real, only to dupe people and get away with their hard-earned savings. Since it is online, theres always risk of online frauds, but there are also genuine platforms that offer the best savings and investments with good interest rates. We have compiled a list of 10 online savings and investment platforms in Nigeria for you to choose from.
Top 10 Online Savings And Investment Platform In Nigeria
Top 10 Online Savings And Investment Platform In Nigeria
Hope you enjoy this article?
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Payday Investor By Arm
Searching for a way to invest and earn daily in Nigeria? Payday investor would really be a nice option for you. It is one of the best investment platforms in Nigeria that enables customers to save their money for specific purpose and still earn from their savings.
Just like some other digital investment platform in Nigeria, Payday has about 3 investment plans, and they are:
i. Goal Based InvestmentThis particular investment plan helps customers to save daily in Nigeria. In this plan, you can set up your account for automatic savings for a particular goal. This may be daily, weekly, or monthly.
Example: if you want to be saving N100 daily, you can set up your account such that N100 would always be deducted automatically from your account everyday, and saved you.
ii. Group GoalsThis plan enables you to collaborate with your friends, group or community, to save together towards a particular goal.
iii. One-time InvestmentIn this plan, you can put in your money and allow it to stay for a specific period of time before withdrawing it.
The Nigerian Broker Experience
Experience is especially important when choosing the best brokers, you can find in Nigeria. If you have only recently begun trading in the foreign exchange market in Nigeria, you must seek out experienced traders who can give you guidance on how to learn how the financial markets work. Experienced traders will also give you helpful tips on how to go about your Forex trading business. There are lots of brokers in Nigeria but only those who have more experience will be able to provide better guidance to novice traders. The amount of experience of a Nigeria broker does not solely depend on the number of trades done but also based on his or her track record.
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Nigerian Forex Trading Platforms
Most of the top Nigeria brokers now offer online Forex trading platforms for customers and traders to use. Their Naira trading platforms enable them to respond faster to customer queries. They also provide traders with access to a wide range of information like product prices, dealer reviews, and customer support so that they can make intelligent decisions and transactions. Online Forex accounts are operated by non-stop professional traders who have been through rigorous training on Forex trading platforms and are extremely experienced.
