Investing in Nigeria is really a difficult task to do right now because of the high-risk associated with investments in Nigeria. This is becomes a very hectic problem due the harsh nature of Nigeria’s economy. In this post, we’ll be looking at the best platforms and places with the highest ROI (return-on-investment) in Nigeria to invest your money.
These places and platforms to be mentioned in this post are registered with the Nigerian Government. They are mostly loan apps, and make their money through the loans they give out. There is high possibility and probability of your investment remaining safe; thus, you don’t have to worry.
Their modus operandi is to invest money with them and leave it for like a year. It’s like depositing your money with them, locking it, and being paid the interest annually. It is a great investment decision if you wish to pick it up.
Now, let’s take a look at these places and platforms.
Best Platforms and Places with the Highest ROI (Return-on-Investment) in Nigeria to Invest your Money
1. Branch
Branch app or platform is the one with the highest interest rate that’s mentioned here. With Branch, you are assured of 20% annual interest on your money deposited. Thus, you deposit 1 million naira, and you make 200K naira in profit annually.
This is a great investment decision if you ask us. The money is used as loan to Nigerians who repay with interest.
2. Opay
Opay is a popular FinTech company in Nigeria. Opay gives 18% interest annually to those who deposit and invest with them. Like Branch FinTech app and platform, Opay uses your deposit as loan offered to their debtors for gain and business.
To make it simpler and clearer to you, if you deposit 1 million naira with Opay, you make a profit of about 180K annually.
3. Carbon
Carbon’s annual interest rate is 16%. It is also a good option and place to deposit your funds for future withdrawal. You deposit 1 million naira, and you get about 160K in return annually.
4. Ajobox
Ajobox is a relatively new and lesser known platform compared to the other platforms mentioned here. With Ajobox, your savings are secured. It’s a safe and good place to invest and deposit your money for gain. The annual interest rate of Ajobox is 16%.
5. Piggyvest
PiggyVest is somewhat the most popular platform on this list. Saving and investing with PiggyVest is also another great opportunity for you to make good money and profit. You can choose to deposit your money with PiggyVest or invest with PiggyVest’s Investify.
With PiggyVest, you can earn from 6% to over 30% annually depending on the type of deposits and investment you pick. PiggyVest has been around since 2016. It is registered with Nigerians Government. Thus, it is a safe place to invest in.
Conclusion
These are the best platforms and places with the Highest ROI (Return-on-Investment) in Nigeria to invest your money. You have to make a check on them yourself before making the final decision. These platforms are mostly safe and secure to use.