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Where to Invest Money in Nigeria: Top 10 Best Investment Options in 2021

When it comes to investing, we all want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, there are smart ways to go about it.

Now let me ask you this, are you looking for where to invest money in Nigeria and earn huge returns on investment especially during this corana-virus pandemic? I guess yes should be the answer.

There are lots of investors in Nigeria who have good income source and are also interested in earning extra passive income online through investment.

But most of this people don’t know the best investment options in Nigeria available to them for investing and growing their wealth.

There are many types of investment plans available to them for investing purpose but due to lack of knowledge and advisory people end up losing their hard earn money.

So in this article you will know where to invest money in Nigeria and earn huge and safety returns on investment. But before then, let’s understand what the term “investment” is all about.

Investment – Definition

The best definition of investment can be found in investopedia and it says,

“An investment is an asset or item acquired with the goal of generating income or appreciation. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit”.

Investment is not a get-rich-quick scheme, but rather a way to consistently grow the wealth you already have. So when you invest money, what you are doing is either buying a portion of a company or a commodity with the belief that the value of that company or commodity will grow over time.

Factors to consider before looking for where to invest money in Nigeria

where to invest money in nigeria

Here are the following factors to consider before investing money:

1. Your financial goals and wants

Before you start up your investing journey, it is very important to first know your financial goals and wants. Your financial goals can ranges from buying a new car, building a house, planing for retirement or for your child’s higher education etc.

Knowing your goals and the money needed helps you plan realistically and keeps you committed on your investment tracks.

For example, when an individual is planning his/her retirement, he would prefer a plan which gives him long term regular income.

2. Analyze the company and the industry you want to invest in

Before you invest your money in any instrument, it is essential to analyze the company, check whether it is duly registered and licensed.

According to Warren Buffett, the wall street icon and CEO of Berkshire Hathaway, he said,”Never invest in a company you don’t understand”.

Make sure you understand the business structure and how it works because about 50% of small businesses close within the first five years of operation.

3. Investment period

The next thing to be determined is for how long would you like to keep yourself invested. This is usually one of the major deciding factors, because it is the time period for which your capital will be locked for a fixed duration while it generate revenue.

Based on the investment periods, the investment plans are divided into long-term and short-term investment plans.

4. Expected returns

The next thing to consider when investing in a company is to figure out what are your expected returns on your investment.

The expected return on an investment is the expected value of the probability distribution of possible returns it can provide to investors.

Some companies offers more than 7% returns on investment per annum. So it is Idea to fish out the best company with more higher returns on investment.

Where to Invest Money in Nigeria: Top 10 Best investment options in 2021

where to invest money in nigeria

Instead of allowing your money to lie idle in your bank account, here are they top ways best to invest money in Nigeria and earn huge returns on investment:

1. Invest in an online savings and Investment app in Nigeria

Investment app are considered as the best investment opportunity in Nigeria that allows users to earn more on their savings by investing in pre-vetted, low medium risk investment opportunities such as stocks, bonds, mutual funds, and the Agric sectors without any stress.

All you have to do is to visit it’s web portal, create an account with any of these investment apps listed below, nagivate to Invest and explore all the investment options listed through the app, depending on your goals you can choose to invest either in shorter term or in longer term and earn interest.

These savings and investment apps in Nigeria are growing rapidly and millennials are embracing them, moving away from the traditional savings model or securities firms to financial technology-backed platforms.

There are hundreds, if not thousands of investment apps in Nigeria but they question is, which among them are the best in terms of providing safety and security.

Here is a list of those that offers maximum safety you can invest your funds without any atom of fear and earn interest on the go:


Piggyvest – formerly piggybank is a registered product under piggyTech global limited with RC Number 1405222.

It is the first online savings and investment platform in Nigeria that allows you to earn up to 15% interest on savings and up to 25% returns on investments.

Piggyvest uses the highest levels of internet security that is secured by 256 bits SSL security encryption technology to protect your all they informations you shared with them.

They also work with a PCI DSS compliant payment processor, Paystack to handle your card details and ensures maximum protection.

I use PiggyVest to save & invest securely. Sign up with my link and get ₦1,000.00 to start your own savings journey. click here to create an account.

Here is a step by step guide on how to save and invest with piggyvest and earn interest while doing so. Please do check it out and let me know what are your opinion.

Apart from piggyvest, there are other secured investment app one can use to invest funds such as:

  • Thrive Agric
  • I-invest
  • Afrivestor etc.

2. Invest in Bank Fixed Deposit in Nigeria

A bank fixed deposit is a tenured investment account which allow you to invest a specific amount of money at an agreed interest rate and tenure.

At the end of the agreed period (tenure) usually within 30days to 364days, and based on your instructions, the investment can either be rolled over (re-invested) or liquidated (returned to customer) with the interest amount earned.

The benefits of bank fixed deposit in Nigeria is that it offers you the certainty and security needed for either short, medium or long term investments. You can be sure to have your investment and interest at the exact time of maturation.

Some banks in Nigeria such as Gtbank, First bank, UBA, stanbic ibtc etc offers higher interest rate on fixed deposit than others.

3. Invest in Treasure Bills

A treasure bill is a short-term investment securities or financial instrument that is issued by the central bank of Nigeria (CBN) on behalf of the Nigerian governments to finanance national borrowing requirements.

Treasure bills maturity date ranges from 91days to 364days, and they are considered among the safest investments since they are backed by the full faith and credit of the Nigerian government.

Treasury Bills are sold through a bi-weekly(every Wednesday) auction conducted by the CBN. CBN announces issuances in their websites and in the pages of national dailies (you can also ask your bank account officer to notify you ahead of an issuance).

Buyers are requested to quote bids following which the average minimum bid is selected. So when an investor buys a Treasury Bill, they are lending money to the government.

The Nigerian Government uses the money to fund its debt and pay ongoing expenses such as salaries and military equipment. T-Bills are sold in denominations ranging from N50,000 (standard) up to a maximum of N50 million.

Here’s a typical example of how treasure bill works:

Let’s say you purchase a N1,000,000 T-bill with a discount rate of 10% that matures after 52weeks. That means you pay N900,000 for the T-bill up front. Once the year is up, you get back your initial investment( that is N900,000) plus another N100,000 as profit.

Here is a practical guide on how to invest in Treasure Bill in Nigeria in 2020.

4. Invest in FGN Bond

If you are looking for high yield investment in Nigeria where you will be receiving regular interest payments, then Bonds may be a suitable investment for you.

What is a Bond?

FGN Bonds are debt securities (liabilities) of the Federal Government of Nigeria (FGN) issued by the Debt Management Office (DMO) for and on behalf of the Federal Government.

The FGN has an obligation to pay the bondholder the principal and agreed interest as and when due. When you buy FGN Bonds, you are lending to the FGN for a specified period of time.

The FGN Bonds are considered as the safest of all investments in domestic debt market because it is backed by the ‘full faith and credit’ of the Federal Government, and as such it is classified as a risk free debt instrument.

They have no default risk, meaning that it is absolutely certain your interest and principal will be paid as and when due. The interest income earned from the securities are tax exempt.

The Federal Government of Nigeria (FGN) issues Bonds for the following reasons:

  • To enhance and deepen the savings and investment opportunities of the populace
  • To finance government fiscal deficits in a non-inflationary and sustainable manner.
  • To enhance fiscal discipline of the Government.
  • To refinance maturing debt obligations of the Federal Government etc.

Also Read: 10 Best Agricultural Investment Platforms to Grow your Money in Nigeria

5. Real Estate Investment

Real-estate is very popular investment options in Nigeria and one of the most high yields investment plans which is considered very safe.

It plays a vital role in many leading sectors like commercial, housing, manufacturing, hospitality, retail, etc. Thus, it is still considered as a good option if you are looking for where to invest money in Nigeria.

You can use real estate as a part of your wealth building strategy if you have a huge sum of money to invest. However, to invest in real estate, it is very important to be patient and show some serious commitment towards the real-estate investment.

The risk is minimal in investing real estate investment since the value of a property will surely increase with time but it is a highly illiquid asset class which made it difficult to sell the asset when money is needed on immediate basis.

6. Invest in Yourself

If you are looking for how to invest your money wisely in Nigeria or best investment opportunity in Nigeria than investing in yourself is considered as of the most profitable investment you ever make. It yields not only future returns, but often a current pay-off as well.

No matter where you are on your financial journey, you need to know that it’s possible for anyone to turn their financial life around and start saving money by investing in themselves.

Sometimes all it takes is that first step in the right direction to get things moving in your favour. But, as with most things, sometimes that very first step is the hardest part.

Setting up automatic savings with piggyvest or through your bank is the easiest and most effective way to save and invest in yourself because it help puts extra cash out of sight and out of mind.

Instruct your bank or set up an account with piggyvest and let them automatically withdraw a certain amount of money either on a daily, weekly or monthly basis.

Within a short time probably in a year or next you will be amazed to see how much money you have saved simply by waiting.

7. Invest in mutual funds

Mutual funds are considered to be one of the best investment options in Nigeria where you can securely invest your money and earn interest per annum.

Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.

They are operated by professional fund managers, who invest the fund’s capital and attempt to produce capital gains and income for the investors.

Mutual funds differ to stocks as they are not traded on an exchange and investors can buy and sell through a Fund manager at any time.

Units are created and sold to new investors on a continuous basis, so you can either invest a lump sum or save on a regular basis. mutual funds are regulated by the Securities and Exchange Commission (SEC) of Nigeria.

Why do people buy mutual funds?

Mutual funds are a popular choice among investors because they generally offer the following features:

Professional Management

The fund managers do the research for you. They select the securities and monitor the performance.


Mutual funds typically invest in a range of companies and industries. This helps to lower your risk if one company fails.


Most mutual funds set a relatively low dollar amount for initial investment and subsequent purchases.


Mutual fund investors can easily redeem their shares at any time, for the current net asset value (NAV) plus any redemption fees.

8. Investing in stock

Investing in the Nigerian stock exchange is one of the most profitable investment plan for those that are looking for where to invest money in Nigeria and earn huge returns on investment.

You can expect an annual return of 15% – 18%, if you know the art of investing in the right stocks at the right time. I would recommend you to start with a small investment in stock with an intent to learn before making big investments.

Before you start trading in stocks, you are required to open a brokerage account with any of the approved stock broking firms in Nigeria. Here is a guide on how to invest in the Nigerian stock exchange.

9. Invest in Gold

Gold is the most valuable resource in Nigeria apart from oil and gas. It is the oldest and most trusted form of investment in Nigeria. It is based on opening a temporary order to buy or sell an exact amount of gold.

The profit or loss is determined by the change in the price of the gold metal during the contract duration. In today’s markets it is possible to make profits from trading commodities, such as gold without having to physically own the metal.

The traditional ways to invest in gold was to buy physical gold in form of bars, coins, or ornaments. But with time, the process has evolved. Gold deposit schemes, gold ETFs, gold mutual funds, etc have now come into the picture.

Gold ETFs or Gold Exchange Traded Funds are instruments that function as a mix of stock and gold investments. These funds are traded on the National Stock Exchange (NSE) and can be bought and sold just like any other company stock. Gold ETFs are passive instruments based on gold prices, which make them completely transparent in terms of pricing.

10. Invest in Crypto currency

If you want to buy cryptocurrency quickly and easily with your credit card check out IQ trading option.

Investing in cryptocurrencies such as bitcoin, etheruem is one of the best investment options if you are looking for long term investment options in Nigeria.


Now that you knows where to invest money in Nigeria and earn huge and safety returns on your investment. what are you waiting for, rush now and select either one or two investment options of your choice and watch your money grow in no soon distant time.

Please if you found this information on where to invest money in Nigeria to be useful, please don’t forget to share so that others can learn and benefit from it. If you have an opinion, feel free to let it be known via the comment section below.

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