As a country, Nigeria has experienced one of the worst inflation rates recorded in the century. In addition, the cases of banditry and resultant effects of the pandemic has adversely affected the finances of households and the country as a whole. However, fintech apps have come to play. Below is a list of the top 5 investment apps of 2022 in Nigeria today.
Piggyvest was created on the 7th of January, 2016 and has since been a must-have for young adults that want to save money and build their wealth. With a minimum of 5000 naira, a glance into the app would reveal the array of features available. Users can save, spend or invest money in agro-allied products or choose to purchase dollars and hold until likely inflation. The app also offers features like a safe lock, where users can keep certain sums until their desired timeframe.
Cowrywise is another investment app that gives users value for their money. They offer the same plan as a piggy vest, but have a platform for high-risk takers. What this means is that the investment opportunities are not just for agro-allied matters but also extended to others like mutual funds. There is also the option to diversify and send money, and the minimum for investment is 100 naira.
Bamboo was built to give Nigerians real-time access to buy, hold, or sell stocks listed on the U.S. stock market right from their mobile phones or computers, and that is what this app has proven to do overtime. It has features that enable users to build an investment portfolio and offers opportunities in the stock market that is in tandem with users’ risk levels/tolerance.
- Rise vest
Unlike the more popular apps of the generation, Trove is one solid investment app that Nigerians have to take note of in the year 2022. With an investment bundle that comes for as low as N1000, users can enjoy a bouquet of investment options ranging from the US to China. The best part is that the investments are protected and users have the option of investing in bonds, ETF and REIT’s.
It might seem like a lot to take in, but these are the top 5 investment apps of 2022, and they all give a good value for money. For any young adult looking to make investments into the financial sector, feel free to go do personal research and find various investments apps that can be tailored to meet your needs.
Disclaimer: This article is not a sponsored post, and all information are not to be used as an expert opinion on investment. It is only an advice from research, and Connect Nigeria has no liability whatsoever for the wrongful use of this information.Featured image source: Mega Interesting
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