7 Investment Apps Nigerians Are Using More Than Banks

Once upon a time, investing in Nigeria meant dealing with forms, financial advisors, and often waiting in long queues at the banks. Today, that’s no longer the case. 

Many Nigerians are skipping the traditional banking route and turning to mobile investment apps that promise better returns, more control, and the freedom to invest from the comfort of their phones.

These apps aren’t just trendy alternatives, they’re becoming the first choice for millions of Nigerians who want to grow their money, save smarter, and beat inflation without the usual banking stress.

Here are some of the most popular apps Nigerians are now using more than banks.

PiggyVest

PiggyVest has become one of the most trusted platforms for saving and investing. Known for its ease of use and strong security features, it allows users to automate savings and access low-risk investment opportunities through its Investify section. Users can invest in sectors like agriculture and transportation, and enjoy high returns by locking away funds with features like SafeLock.

Cowrywise

Cowrywise is well-loved for its user-friendly design and commitment to regulated investments. All its funds are monitored by the Nigerian SEC, offering users peace of mind. With options like mutual funds and Halal investments, Cowrywise makes it easy for anyone even first-timers to begin their investment journey with as little as ₦1,000.

Risevest

If you’re worried about the value of the Naira, Risevest might be your best bet. It allows Nigerians to invest in U.S. stocks, dollar-backed real estate, and fixed income products, all managed by professionals. It’s a great way to earn in dollars and protect your money from local currency swings.

Bamboo

Bamboo is your direct gateway to global stock markets. With thousands of U.S. and Nigerian stocks at your fingertips, it’s a strong choice for those who want to take full control of their investment portfolio. The app also offers recurring investment options and a secure way to save in dollars.

Trove

Trove stands out for its wide variety of investment options. From American tech stocks to Chinese companies and Nigerian bonds, it gives users the freedom to diversify across markets. You can start investing with as little as ₦1,000 and even buy fractions of high-priced stocks, making it perfect for young or budget-conscious investors.

Chaka

Chaka gives Nigerians access to over 4,000 local and international assets. Whether you’re interested in the Nigerian Stock Exchange or the New York Stock Exchange, Chaka makes global trading accessible. It also offers learning tools and insights that help you make smarter financial decisions.

I-invest

I-invest is for those who prefer a more conservative investment approach. Backed by Sterling Bank, the app allows Nigerians to invest in treasury bills, Eurobonds, and other fixed-income instruments without needing a broker. It’s a simple, secure way to earn steady returns with minimal risk.