US dollar how to pay off business debt

20 Profitable Ways to Invest With Small Money in Nigeria

Last updated on October 17th, 2021 at 09:43 pm


You don’t really need to wait till you become the wealthiest man before you start investing. You can start to invest with your small money.

In one of our business guides, we talked about hot businesses you can start in Nigeria with little capital, in this post, we’ll be covering some pertinent questions in relation to profitable business ideas in Nigeria.

Before we proceed, have you ever considered the farming business? We have a list of a few ones you can start even at your backyard at low-cost at:


Another question that comes to mind among average Nigerians is: Is it possible for individuals without access to finance to invest in the stock market? And of course, the answer to all of them is a big yes.

When some individuals hear about the investment they think it’s exclusively for the rich only.

Contrary to such beliefs, anybody can start investing regardless of what they earn. When it comes to investment, the earlier one begins, the better.

The power of compound interest makes the difference. It is similar to sowing a seed! An acorn seed planted now has the potential to grow into a mighty oak tree.

That small amount of money you have today is a money seed. If planted well, has the potential to grow into a massive money tree. Therefore, go on and plant that seed now.

20 ways to invest your money wisely in Nigeria

Below are the 20 financial investment opportunities in Nigeria which will get you great returns with as little as N10K, N20K, or N50, 000 depending on your financial strength. However, we shall deal extensively with ten of such investments.

  1. Online Investment Apps
  2. FGN Savings Bond (FGNSB)
  3. Stocks
  4. Online Agric Investment Portals
  5. Mutual Funds
  6. Stanbic IBTC Equity Fund
  7. ARM Aggressive Fund
  8. Stanbic IBTC Money Market Fund
  9. ARM Money Market Fund
  10. Cordros Money Market Fund
  11. United Capital Balanced Fund
  12. FBN Money Market Fund
  13. United Capital Money Market Fund
  14. Coronation Money Market Fund
  15. Piggy Bank
  16. Payday Investor
  17. Invest
  18. Owealth
  19. PayVest
  20. Money Market Instruments

FGN Savings Bond (FGNSB)

The Debt Management Office (DMO) on behalf of the Federal Government of Nigeria issues the FGN Savings Bond.

Do you want a high-yielding investment in Nigeria? FGN savings bond is one of those opportunities it’s advisable you try today.

Purpose of Savings Bond By The Federal Government

FGN savings bond is mostly directed at retail investors. The purpose is to encourage low-income earners to partake in the debt market.

Also Read:  How To Become a Stockbroker

The FGN Savings Bond normally is issued in the first week of every month for tenures that extend between two and three years.

The two-year Savings Bond comes with an interest rate (coupon) of 12% -13% while the three-year bond has an interest of 13% -14 % per annum.

These rates of return (ROR) are not just attractive because they are more than the rates bank offer on their regular savings and deposit account but they are also above the inflation rate and that gives a positive effective yield on them.

The minimum investment amount in the FGN savings bond is N10,000. To acquire the FGN Savings Bond, consult with your stockbroker.


A lot of people think that the stock market is strictly for the rich. But ordinary people can also invest in stocks too. In fact, with as little as N10,000 you can start investing in stocks.

Investors in stock earn in three major ways – capital appreciation, cash dividend, and bonus issues. Capital appreciation comes from increases in stock price.

The dividend is the percentage of profit a company issues to its shareholders. Bonuses are surplus shares that shareholders get for free.

Hopefully, this article on how to start investing in the Nigerian stock market will help you get started.

Mutual Funds

This is another way to invest in Nigeria with a little amount of money. With as small as N10,000 you can invest in some very profitable mutual funds in Nigeria and watch your money grow.

How mutual funds operate

This mutual fund is a joint investment scheme put together by a professional money manager. The money manager pools money from different people and invests in lucrative financial instruments.

How to make money from mutual funds

A mutual fund is the best option for those who do not have a vast knowledge of the sophisticated financial market or for those individuals who do not have the time to

study the market by themselves.

It is also suitable for the retail investor or one who has a little amount of money to invest. In Nigeria as at 2018, it was assessed that the mutual fund market was worth about N600 billion ($1.96 billion) with an average return of roughly 15%.

Best mutual funds in Nigeria

  • Stanbic IBTC Equity Fund
  • ARM Aggressive Fund
  • United Capital Balanced Fund
  • FBN Money Market Fund
  • United Capital Money Market Fund
  • Stanbic IBTC Money Market Fund
  • ARM Money Market Fund
  • Cordros Money Market Fund
  • Coronation Money Market Fund

Online Investment Apps

Recently, financial technology (Fintech) startup companies are rapidly taking over the financial market with the introduction of a series of savings and investment apps through which an individual can invest without much stress.

Also Read:  Africa's Biggest: 20 Key Facts About Dangote Refinery

Such domestic Fintech startups make it easy for people to make investments in Nigeria.

Best high yielding investment apps in Nigeria

A lot of apps through which low-income earners can invest are coming up, but with small money, below are the most efficient and best savings and investment apps in Nigeria:

  • Piggy Bank
  • Payday Investor
  • PayVest
  • WealthNG
  • Iinvest

Piggy Bank:

This app/portal helps you to preset your savings and earn high returns. You are the one who decides the amount you want to save and how you want to go about it.

You also have the option of locking in an amount of you want to invest over a period of time using their safe lock. Interest accruable on the piggybank app can be as high as 13 percent per annum.

Payday Investor:

This is the foremost investment app in Nigeria that is focused on mutual funds. It is powered by ARM. The payday investor app makes it quite easy to invest in mutual funds at your own comfort. The interest you earn using this app can be as high as 20% per annum.


I-invest allows retail investors to invest in money market instruments like the Treasury Bill and bank deposits with a very little amount of money.  The rate of interest offered on this platform can be as high as 20 % per annum.


This is the investment section on the Paylater app, the online lending portal. The minimum investment amount on the payvest app is N50,000 for tenures ranging from 30 to 365 days.  Interest earned by using this app is as high as 16% per annum.


This is another trusted investment apps in Nigeria that offers a great deal across different investment opportunities. offers investment options with competitive returns across a wide range of asset classes.

It’s an affiliate of Sankore Investments, a registered wealth management firm based in Lagos.

Online Agric Investment Portals

The most popular among these agric investment apps is Farmcrowdy. This app provides you the opportunity to invest in agriculture by funding diverse farm projects of your choosing for an assured return of up to 50% per farming cycle.

Money Market Instruments

Money market instruments give the ordinary individual a chance to start investing with a little amount of money.

The common money market instrument which the ordinary individual can invest in Nigeria are the regular fixed deposit account and bank savings.

The most important thing here is to cautiously find the bank that offers the best interest rate. Other types of money market instruments include Bankers Acceptances, Commercial Papers, and Treasury Bills.

Also Read:  5 Qualities Make Anglo-Nubian Goat

These instruments are a bit sophisticated and may involve huge amounts in the first investment.

However, with an active secondary market for Treasury Bills, retail investors can now invest in Treasury Bills with as little as N100,000.

For ordinary people with little investment capital who have the desire to take advantage of opportunities in the money market, it is recommended that they begin with money market funds.

Money market funds are mutual funds focused on money market instruments. The money market funds section is the liveliest in the mutual fund’s industry in Nigeria with some of the funds returning beyond the inflation rate in 2018.

Key points investing in Nigeria:

  • Investment is for everyone: rich or average
  • You can kick off your investment plan between N10, 000 to N50k in Nigeria, depending on your financial strength.
  • You don’t have to be Aliko Dangote or Bill Gates before you begin to invest in future
  • It may not look like a high-yield investment for you now, but it’d be in five years or more.
  • Steer clear of debts

Investment plan in relation to short, medium and long term

Set up a backup fund and invest frequently in interest-yielding financial instruments.

Investment cash depends largely on short, medium, and long-term financial objectives.

What are short investment-yielding opportunities?

The logic is: Any money that you may need any time soon, should be put in an interest-yielding savings account.

What is a medium investment plan?

Money that you will not need for at least in the next 365 days should be invested in a bank deposit account or a high interest-yielding online investment app.

What is the best investment plan for the long term?

Financial experts advise that money that you will need in 2 – 3 years’ time or more is better invested in FGN Savings Bond, Mutual Funds, or in stocks.

If you will need your money in periods greater than 3 years, consider investing in a dividend-paying stock, Corporate Bonds, FGN Bonds, or landed property. That’s if the amount at hand is enough to consider investing in property.

Final thought:

With this, we hope we’ve been able to guide you on some of the best and most profitable investment opportunities in Nigeria where to invest your money either as a short, medium, and long investment plan. Of course, real estate investment may be one of your options if you’re planning on a long term.

Did we miss anything here? Share your thoughts with us

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

1 thought on “20 Profitable Ways to Invest With Small Money in Nigeria”

Scroll to Top