Investment Platform That Pays Weekly in Nigeria

Investment Platforms in Nigeria
-ADVERTISEMENTS-Black Friday Top Deals

Short-term investments or temporary investments are financial investments that are highly liquid and can be converted to cash fairly easily, mostly within five years. Many short-term investments are converted into cash within twelve months. Treasury bills, money market accounts, high-yield savings accounts and government bonds are more frequent short-term investments. These investments are high-quality and are owned by a specific company or organization. Short-term investments are very different from long-term investments. You can check out the best investment apps in Nigeria for you to see the reality behind these platforms.

Short-term investments are for short-term goals to attain shortly. For example, if your son or daughter is in high school, you’ll have to set aside enough cash for their graduation and college fund. This is a short-term goal that cannot be risked under any circumstance. Being specific is imperative in this context. Investors with short-term goals have two primary objectives: safety of capital and return of capital.

Read to learn more about short-term investments in Nigeria that are trustworthy and legitimate.

7 Investment Platforms in Nigeria With Weekly Returns

1. Pillow Fund

Pillow is Nigeria’s best dollar savings app that allows you to virtually save your funds in dollars. Pillow Fund is an investment company that pays daily. You can earn an APY of 14% on your deposit. Pillow is available across 60+ countries. Additionally, you can deposit and trade crypto on the app to earn high returns.

You can achieve your short-term goals through possible short-term investment plans with as little as NGN 3000! Invest in Naira or with your crypto, as required. The interest accrued is credited to your account directly.

You can access all your holdings and save them in your Pillow wallet. Buy and sell your favourite tokens while earning interest on your deposits.

Earn passive income on your savings. Earn up to 50% returns by investing in your favourite tokens.

All assets deposited on Pillow Fund are securely stored with BitGo. Additionally, all deposits in custody are protected against any incidents with a $250 million insurance policy.

2. Trove

Trove is Nigeria’s leading micro-investing platform. On Trove, you can trade US Stocks, Nigerian Stocks, and Chinese Stocks along with Government bonds in a single click! Trove allows for micro-investing solutions for the average Nigerian consumer. Trove provides Nigerians access to shares of several publicly traded companies. Once you sign up on the Trove app and share basic information, you can start trading with as little as NGN 1000 on the app. Explore cryptocurrency, stocks, Government bonds, mutual funds and shares of companies from China, Nigeria and the US on the app.

Trove is one of the few apps in Nigeria that looks to democratize access to some of the most valuable global stocks in the global market. The Nigerian Stock Exchange has a market cap of $71 billion while NASDAQ and NYSE cap is at roughly $34.43 billion collectively. Micro-investing creates value in a way where wealth creation results in compound interest over time.

Trove pays out users in periodic instalments. You can place a withdrawal request and the money will reach your account within a week. Trove is one of the leading investment apps that pay weekly.

3. PiggyVest

PiggyVest is Nigeria’s first Savings and Investment app. In the initial years, PiggyVest was a savings-only platform. Over time, it has transformed into a direct investment opportunities platform, enabling more of the average users beyond savings. PiggyVest has served 4,000,000 users so far. These users invest and save billions of Naira on the app monthly. The main mission of PiggyVest is to give everyone the power to manage and grow their money better.

PiggyVest has automated savings, which allows you to conquer any short-term investing goals you may have. Additionally, the returns you earn on PiggyVest are better than your bank’s savings account. You can set daily, weekly or monthly savings and save as you go. Select your savings target – for a vacation, a car or even a new phone.

With Piggyvest, you never have to worry about the interest you earn on your deposits. Monthly interest alerts can teach you how much you’ve earned in interest. The interest rates range between 10% to 13%.

PiggyVest has several savings and investment plans for differentiated needs. You can use the Piggybank if you would like to save and withdraw every quarter. You can use Target Savings to save towards specific goals like vacation or travel. If you have long-term goals, you can use SafeLock to lock away funds for a longer period. Further, you can diversify your portfolio with low-risk investment options through Investify.

PiggyVest has no deposit fees, and no monthly fees and offers premium bank-level security. You can withdraw your money periodically, whenever you want. This is an investment company that pays daily, as per the plan and interest rate that correlates to your choice.

4. Questra Holdings

Questra Holdings is an international investment company with headquarters in Spain, operating in Nigeria and makes it one of the best investment platforms in Nigeria. Questra Holdings pays out investment earnings on a daily basis. You can pay and withdraw money through crypto or bank transfer through this medium. You can invest in different suitcases through this investment company. The more valuable your suitcase is, the more money you earn as interest. Additionally, the payout for weekly profits ranges from 4% to 6%. Questra Holdings is an investment company that pays every week.

5. Meristem Securities Limited

Meristem Securities Limited is a financial services company that specialises in stock investment options. Meristem Securities pays out every week. The value of equity transactions on the Nigerian stock exchange puts Meristem Securities in second place. There are five divisions in the financial company’s corporate arm. The investment branch is referred to as Meristem Stockbrokers. In 2014, Meristem Securities Limited launched Meritrade, an internet trading app. This is regarded as one of the top investment apps in Nigeria.

Additionally, the app is registered on the Nigerian Stock Exchange (NSE) and is regulated by the Securities and Exchange Commission, similar to contenders like Bamboo.

6. CowryWise

CowryWise is a Nigerian investment platform with a series of investment products. You can kickstart your investment journey within NGN 1000. As your initial investment increases on the app, the interest you accrue increases over time. You can invest in CowryWise’s SIP or Systematic Investment Plan in mutual funds.

You can redeem your investments as they mature. CowryWise was set up when the CEO realised that the country works to build wealth for the top 1% only. Investment products were inaccessible to a common Nigerian person.

7.  RiseVest

RiseVest is a Nigerian investment app that allows you to invest in globally-denominated assets. As an investor, you can explore Real Estate, Fixed Income and Stocks while earning anywhere between 14% to 41% on your investments per annum. Additionally, there is an in-built tracker that allows you to track your progress towards your goals, to enable disciplined investing. To start investing in RiseVest, you need a token amount of USD 10 on the app to get started. RiseVest started with a mission of creating wealth opportunities around the world while enabling individuals to achieve their financial goals.

RiseVest is an investment platform that pays weekly. You can withdraw your invested amount within 5 days.

Benefits of short-term investment

Short-term investing can be beneficial for the following reasons:

  • Short-term investing offers flexibility to the average investor. This ensures easy liquidity to fulfil short-term investing goals.
  • Investors can benefit from this in a very short amount of time.
  • The short-term investment allows for incremental profits in a short period.
  • The risk incurred by an average investor is lower.

Conclusion

Short-term investments are beneficial for investors who are looking to fulfil their goals while exploring liquid options. Based on your goals and requirements, you can invest in the right asset classes on the best platform that pays weekly. Ensure you do your research to find the best investment app with an ROI that satisfies your goals and needs.

-ADVERTISEMENTS-Black Friday Top Deals
Previous articleInfinix Zero 2023 – Full Specifications & Price in Nigeria
Next articleBest Apple Watch Workout Apps To Try In 2023
GadgetStripe is a tech-based website, the aim was to make getting information about gadgets the easiest thing for you. As we move day by day giving you accurate specs and news we hope we help your need.