Investment - January 7, 2022

5 Nigerian Platforms You Can Use to Invest in Stocks

Significant benefits from investing in stocks include dividend yield, capital appreciation, equity shareholder privileges, and the ability to use investments as collateral.

January 7, 2022

4 min read

According to financial experts, there will be many advantages to investing in the stock market this year. Several Nigerian platforms are aiding the inclusion of many to invest in stocks. And with the recent $112 billion return of investment billionaire Warren Buffett made on Apple stocks after they reached a $3 trillion market cap, the stock market seems more like a promising space for investment in 2022.

Significant benefits from investing in stocks include dividend yield, capital appreciation, equity shareholder privileges, and the ability to use investments as collateral. It is recommended that you conduct due diligence and evaluation before investing in the Nigerian stock market.

There are now numerous Nigerian platforms to invest in stocks this year. You can use these through their apps or on their website.

Here are 5 Nigerian platforms you use to start your stock market investing journey in 2022.

Trove

Trove is a digital investment platform that allows you to invest in stocks, bonds, exchange-traded funds (ETFs), and other assets directly from your smartphone or computer in Nigeria, the United States, and China.

Bamboo

Bamboo is another digital investment platform that allows Nigerians living in Nigeria to make real-time stock market investments in US stocks. Bamboo has a $20 minimum trading amount.

Rise

The Rise app allows you to start investing in US stocks for as little as $10. You can choose to have Rise specialists manage and invest your money in a portfolio of expertly-selected US stocks rather than doing it yourself. Stocks are selected based on their long-term performance, growth prospects, and quality earnings.

Chaka

Chaka is a digital investment platform that provides first-class access to stocks listed on the Nigerian and American stock exchanges, as well as worldwide blue-chip firms from more than 40 countries. With Chaka, you may start trading overseas stocks for as little as $10 or N1000.

Wealth NG

This platform allows you to manage and monitor your investments in real time on their website, as well as see how much interest you will collect when your investment matures. It also has an app that allows any user to access all of their features, including making investment transactions, monitoring your portfolio, sending gifts, and calculating your net worth.