Top 10 Apps to Buy Stocks in Nigeria

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Top 10 Apps to Buy Stocks in Nigeria: Many previously difficult or demanding tasks are now made simple and adaptable thanks to the continuous development of technology. We can accomplish so much with a phone in hand, right from the comfort of our beds. everything from buying and trading on the stock exchange, buying stocks to paying bills and shopping.

More so, any of these apps can be used to buy Nigerian stocks. Buying shares involves buying a portion of a company’s stock, which involves buying a portion of the ownership of the company. When the value of these stocks or shares increases or when you start to receive dividends, you can also decide to sell them. And you can do all this online and with a smartphone.

Moreover, buying US stocks was as difficult as getting a US visa. Although you are thousands of miles away from the United States, you are a Nigerian living in Nigeria with an entrepreneurial spirit and want to invest in the US stock market. We have seen how apps can make our daily lives easier, and doing business online is getting better these days.

Here are the top 10 apps to buy stocks in Nigeria for those who are new to investing and are hesitant to use investment apps.

READ MORE: Bear market and recession: how to invest during a recession

Top 10 Apps to Buy Stocks in Nigeria

  1. Bamboo
  2. Rivest
  3. treasure
  4. Cash shredder
  5. Passport
  6. Shaka
  7. Afrinvest
  8. Main offer app by NGX
  9. I invest
  10. Payvest by Carbon

How to Buy Stocks/Shares in Nigeria Using Apps

1. Bamboo

investment app in nigeria

Release date: January 2020

CEO:Richmond Bassey

Number of users: 300,000

One of the best investment apps in Nigeria is Bamboo. Over 3,500 stocks on the Nigerian Stock Exchange and New York Stock Market are freely available to users.

Bamboo supports two-factor authentication and verification to secure all accounts, providing high security protection. It is adaptable as it accepts deposits into its account in both Naira and Dollars.

You can open an account on Bamboo and start investing right away. You can fund your account with Naira and USD; you can do this by using a virtual dollar card or by sending the money directly from a national account. For buying US stocks, Bamboo is a reliable software because it is secure and has CBN approval.

2. Life jacket

investment app in nigeria

Top 10 Apps to Buy Stocks in Nigeria

Release date: 2019

CEO: Eke Urum

Number of users: 100,000

Compared to the other apps discussed above for buying stocks in Nigeria, Risevest is quite different. You can invest in dollar-denominated assets like foreign stocks, US real estate, and fixed income opportunities with Riesevest, an automated asset manager.

By letting you select a stock investment plan for as little as $10, the Risevest app lets you invest in US stocks. Simply select a plan and fund it, and Risevest staff will take care of the rest. Due to the automation of this stock trading program, you do not need to conduct a study. Risevest is accessible on iOS and Android devices.

3. Treasure

investment app in nigeria

investment app in nigeria

Release date: Jul 2018

CEO: Oluwatomi Solanke

Number of users: N / A

Another popular financial app in Nigeria is Trove, which offers access to international stock markets. Trove offers Nigerians the opportunity to participate in major international stock exchanges, like the United States, China, and others. You can invest in stocks using this software, and you only need an Android or iOS device to do so.

Apart from being an investment software, Trove also allows users to create a fake MasterCard for online transactions. This fake card can be used to pay for Netflix subscriptions and is linked to your Google Play Store account. Trove, a specialist investment app, is one of the top 10 apps to buy stocks in Nigeria.

4. Shredder Cash

Top 10 Apps to Buy Stocks in Nigeria

Release date: 2014

CEO: Serunjogi ham

Number of users: 4 million

Anyone can send and receive money across Africa and the UK using the Chipper Cash cross-border money transfer app, which is available in Nigeria. You can also invest in stocks and bitcoins using this app.

As one of the apps to buy stocks in Nigeria, Chipper Cash allows you to diversify your portfolio by allowing you to buy fractional shares of foreign listed companies like Apple, Facebook and Nike.

Chipper provides fast trade executions and minimal commissions. With the help of this software, you can also start trading stocks and sending money. Chipper Cash is accessible on iOS and Android devices.

5. Passport

Top 10 Apps to Buy Stocks in Nigeria

Release date: 2017

CEO: David Gobaud

Number of users: 130,000

It may sound too good to be true, but Passfolio is a financial solution provider software in Nigeria that allows anyone in Nigeria to participate in the US stock market for as little as $1. This software provides access to over 200 different stock markets around the world. In addition to buying US stocks through the Passfolio app, you can also manage cryptocurrency. Passfolio is managed by specialists.

Opening an account with Passfolio is pretty easy, and funding your account is even easier. You can use the software, which is incredibly user-friendly and packed with a ton of features, to invest in the US stock market from Nigeria by simply installing it on your Android or iOS device.

6. Chaka

Top 10 Apps to Buy Stocks in Nigeria

Top 10 Apps to Buy Stocks in Nigeria

Release date: 2019

CEO: Tosin O

Number of users: N / A

Chaka is one of the fastest ways to earn dollars in Nigeria. It is a very popular investment application program that allows users to buy stocks in the US stock market. It’s as easy as ABC and you can invest as little as $10 from your Chaka account. Funding your account and withdrawing money from Chaka is quite simple. On Chaka, there are over 5,000 US stocks available for investment, and it’s simple.

One of the best investment apps in Nigeria to grow your portfolio, Chaka is a professionally managed digital investment platform in Nigeria with an SEC license. You can be sure your money is safe with Chaka. On your Android device, you can download and set up Chaka, one of the best apps for buying stocks in Nigeria.

7. Afrinvest

Release date: November 22, 2017

CEO: Godwin Obaseki

Number of users: N / A

Nigeria-owned investment platform Afrinvest focuses on asset management and banking security. Online trading in Nigerian stocks is made possible by Afrinvest, which also provides live stocks and trading so users can view stock prices in real time. This company’s online dashboard allows you to trade fixed and equity investments.

8. Main offer application by NGX

investment app in nigeria

Release date: 2019

CEO:

Number of users:

The Nigerian Exchange Limited (NGX) has developed the Master Offering App as a digital tool to help investors interact with the Nigerian market. It is simple to buy portions of MTN shares using the main offer app.

A minimum of 20 shares must be purchased through the POA, and each share costs just 169. This means you can get 20 MTN shares for just 3,360.

9. I invest

investment app in nigeria

Release date: 2018

CEO: Olusoga Oluseye

Number of users: 500,000

Without a broker, the I-invest mobile application serves as an investment platform. Treasury bills and Eurobonds are just a few investments that can be easily tracked with their user-friendly design. Creating an account only takes a few minutes thanks to its simple registration process. A debit card can be used to fund an I-invest account.

10. Payvest by Carbon

Top 10 Apps to Buy Stocks in Nigeria

Top 10 Apps to Buy Stocks in Nigeria

Release date: May 2016

CEO: Chijioke Dozie

Number of users: 2 millions

Originally known as Loan Demand, Carbon offers quick loans to private clients. Payvest is a financial application developed by Carbon. Payvest offers investment options ranging from N10,000 to N10,000,000 with up to 16% interest.

With the app’s user-friendly interface, you can quickly keep an eye on your investments and expenses from the dashboard. Payvest offers the ability to withdraw money at any time and fund accounts. The minimum investment amount is 100 naira.

Summary

Here is a summary list of the top 10 apps to buy stocks in Nigeria

  1. Bamboo
  2. Rivest
  3. treasure
  4. Cash shredder
  5. Passport
  6. Shaka
  7. Afrinvest
  8. Main offer app by NGX
  9. I invest
  10. Payvest by Carbon
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