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12 Best Dollar Investment Apps In Nigeria 2024

By Oluchukwu Ikemefuna

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There are several reliable and trustworthy dollar investment apps in Nigeria that allow you to invest your money online and earn.

To provide you with strong investment returns, these dollar investment apps in Nigeria properly invest your funds in well-considered assets. 

These dollar investment platforms have official approval from the Nigerian government and also adhere to Nigerian law.

For any help you require, these investment platforms in Nigeria also include a helpful support team. 

Investment options that provide customers with an annual return of at least 14% include cryptocurrency, dollar-saving apps, and automated savings. 

Continue reading to learn more about dollar investment apps and how they can help you earn a living in Nigeria in 2024.

What is Dollar Investment?

The act of investing money in order to generate a profit is referred to as investing, according to the dictionary. 

Financially speaking, an investment is the purchase of something whose worth will rise. 

The dollar is the name of the official currency of the United States.

 Investing in dollars means using that currency to purchase something with the intention of making money, protecting money, or possibly appreciating it.

 It means earning interest in dollars and making investments with dollars.

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Can anyone use the dollar investment app?

Yes, you don’t need to be a financial expert to use a dollar investment app or investment platform.

 These dollar investment apps allow you to have investing possibilities at your fingertips. 

They simplify the process of investing in Nigerian domestic and foreign firms for individuals. 

You get an easy-to-use system for tracking investments and straightforward methods for withdrawing profits.

Saving money is not the only way to improve your financial stability. 

It is also necessary for you to make wise investments. 

These investments increase in value and provide income over time. 

The several online investment platforms that greatly simplify the entire investment procedure have been discussed in this article.

The investing game follows the same regulations as any other financial instrument, so keep that in mind. 

It is advised that you become knowledgeable and do your homework before making any investments.

Why Is It Important To Save/Invest In Dollars? 

The decline in the value of the Naira has not surprised anyone in the country. 

Numerous risks exist in the nation as a result of the Naira’s falling value and decreasing purchasing power. 

As a result, the citizens of the nation are now having more difficulty making ends meet. 

For this reason, you have to save in US dollars to guard against inflation and currency devaluation.

12 Best Dollar Investment Apps

The best online investment platforms in Nigeria are listed here, but before you invest, be sure to do your homework on each one. 

By following your financial goals and risk tolerance, you can invest and earn money every day in Nigeria.

1. Pillow Fund

2. PiggyVest

3. Rise

4. Trove

5. Chaka

6. Bamboo

7. Carbon

8. RiseVest

9. Wealth NG

10. Payday Investor

11. Accrue

12. Cowrywise 

1. Pillow Fund

This is a savings scheme that helps people save money and get the best returns. 

Pillow Fund gives Nigerians the opportunity to get the most out of their Naira by investing in reliable funds. 

As of right now, the app promises 14% yearly returns on investments made in their money-saving solution. 

Also, users can profit more than 10% from stablecoins and more than 6% from BTC and ETH.

Pillow Fund aims to simplify the process of investing in cryptocurrency and US dollars for its global clientele. 

Users must fund their accounts in order to start receiving daily returns. 

To make your front-end investing experience simple, this investment platform manages labor-intensive operations behind the scenes.

Additionally, you may begin making a 14% annual profit with just a 3000 NGN initial investment. 

Particularly in Nigeria, the software has garnered praise for its intuitive interface and ease of use. 

In these hard economic times, some users have gone so far as to call it a “lifeline.” 

Furthermore, Pillow Fund has established partnerships with a multitude of experts and counselors inside the Nigerian and broader African ecosystems, who can aid in providing crucial financial education.

Download App

2. PiggyVest

You may invest and earn money every day in Nigeria with ease thanks to PiggyVest. 

You may reduce your wasteful spending, put that additional cash into PiggyVest, and watch it increase. 

To achieve your goals, you might choose to put money away for a predetermined period of time or set aside little amounts of money on a monthly basis. 

You may easily and flexibly learn discipline via saving using PiggyVest.

PiggyVest offers a range of investing and savings solutions to suit different needs. 

The PiggyBank can be used to save and withdraw money every three months. 

Target Savings can be used to save aside funds for specific goals, such as a vacation or trip. 

If your goals are longer term, SafeLock can be used to lock away money for a longer period of time. 

To further diversify your portfolio, Investify provides low-risk investment possibilities.

Download App

3. Rise

Eke Urum founded the fintech company Rise in 2019, and it presently employs more than 52 individuals. 

Rise was designed to protect investors from currency shocks, devaluation, and high rates of inflation while boosting their wealth. 

Introducing customers to the world’s greatest wealth-generating prospects is their aim. 

The app offers a variety of items, such as wealth building, fixed income (10% return with low risk), real estate (14% return with medium risk), and stocks (+14% return but high risk). 

There is an automated savings option on the user-friendly application. 

Investors have the option of E-learning and there are no withdrawal penalties.

Download App

4. Trove

Trove is a Nigerian dollar investment platform that allows you to invest directly from your phone in foreign stocks, bonds, ETFs, and other instruments. 

Investments can be made in any publicly traded equity, bond, or even overseas asset. 

You may also invest with naira or US dollars. Trove gives you access to over 4000 stocks for investment purposes.

You need to start your investing journey with at least $10.

Download App

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5. Chaka

This company was granted the first fintech license by the SEC, which is called the Digital Sub-Broker/Sub-Broker Serving Multiple Brokers through a Digital Platform license. 

They provide investing alternatives for both domestic and overseas shares through their app. 

All you have to do is select the kind of account you wish to use and create an account. 

After completing the necessary verifications, begin investing.

The fact that Chaka is reputable and licensed is their biggest feature. 

They are highly dependable among consumers because of their fund security and availability of a vast number of stocks. 

It offers free withdrawals and deposits. 

For investors, there is an e-learning option and a referral programme. 

Regretfully, an annual wrap fee of 1.7% is additionally assessed for account administration.

Download App

6. Bamboo

Bamboo is a different trustworthy Nigerian investment platform. 

Nigerian investors have mobile access to over 3000 US stocks through the investment business Bamboo. 

Using either dollars or naira, Nigerians can invest in Bamboo. ETFs are an additional means of investment diversification. 

A $20 minimum investment is needed to use the Bamboo app, or the equal amount in naira, the local currency.

 Also, all of your investment values are easily monitored in one place.

Download App

7. Carbon

Carbon provides a range of personal finance and investing possibilities. 

On the app, you can start investing with as little as 100 NGN.

Assured returns could be as high as 16% on carbon. 

You can also change the duration of your investment from three to twelve months. 

One way to accomplish your goals could be to set a recurring goal. 

These may occur quarterly, biannually, or annually.

Download App

8. RiseVest

RiseVest is an investment platform that allows you to invest nimbly in assets denominated in several currencies. 

Offering options for stock, fixed-income, and real estate investing, it’s a trustworthy financial platform. 

You can potentially earn annual interest rates with this programme that range from 14% to 41%. 

You can use RiseVest’s integrated tracker to keep tabs on your financial progress towards your goals. 

You’ll need to have a plan and timeline for your financial investments in addition to the USD 10 token amount in order to start utilizing the program.

Download App

9. Wealth NG

Another app on the Nigerian investment platform list is Wealth NG. 

Investors can purchase both domestic and foreign equities through the wealth NG platforms. 

It now has a collection of financial platforms that enable people to finance farming initiatives allowing people to benefit from farming without physically visiting the farm.

With the wealth NG platform, investors can get a decent return on their money by purchasing equities, Treasury Bills, Eurobonds, and real estate. 

With the ability to take as low as 10,000 Naira, this platform has simplified the investing process. 

Consequently, novices are better able to comprehend the investment.

Wealth NG is a fantastic online investment platform to invest in and earn daily in Nigeria since it offers a variety of investment possibilities, flexible payment and withdrawal methods, hand-over control, and much more.

Download App

10. Payday Investor

Investors can boost profits and decrease costs by making investments in the ARM Money Market Fund through Payday Investor. 

You can use the app to track your interest on a daily basis and earn up to 15%. 

You can also programme automatic saves to occur once a week or once a month. 

Before using Payday Investor, you have to invest a minimum of 1000 NGN in the app. 

When the investment matures, all funds are automatically transferred to the redeemable ARM Money Market Fund. 

Through the website, you can get in touch with investment fund managers if you need help determining what your investing objectives should be.

Download App

11. Accrue

Accrue is a leading online savings and investment platform in developing countries. 

The app aims to enable the average individual to access cryptocurrency. 

Accrue wants to make it easier for average people to take advantage of all the potential that bitcoin has to offer by removing barriers. 

With the help of this app, users can invest in cryptocurrencies and protect their money from declining value.

Download App

12. Cowrywise

Designed to make access to savings and investment products easier and more accessible for the younger generation of Africans and Nigerians.

Cowrywise is the leading digital wealth management platform.

 In Nigeria, they provide the biggest mutual fund pool. 

Their  investment options include Naira and Dollar mutual funds, while savings options include Regular savings, Emergency savings, Halal savings, Savings circles, and Money Duo.

Download App

How Does Dollar Investment Work?

Investing in dollars is now easier than it was a few years ago. 

Nigerians were previously unable to purchase bonds or stocks from foreign firms. 

But as fintech companies have grown, Dollar Investments have become easier. 

The following are the steps involved in making a dollar investment:

1..Download the platform.

2. Fill out the application form.

3. Check the email address you have.

4. Confirm your identity.

5. Deposit money into your account in the local currency or exchange it for US dollars.

6. Commence investing.

Savings Vs Investment

Investments and savings are not the same in a few aspects.

 A person who consistently deposits money into their bank account is said to be saving. 

On the other hand, investing means buying assets like stocks, bonds, mutual funds, real estate, gold, and so on that have the potential to increase in value over time. 

Additional distinctions between investments and savings are as follows:

1. Goal: The main contrast between saving and investing is the motivation behind each action. 

Savings are tax deductible, easily accomplished, and used for urgent necessities and purchases. 

Investing helps achieve bigger goals, such as building wealth, financing school, buying a house, etc. 

They often require long-term commitments and in-depth market research.

2. Protection from inflation: Cash in savings accounts loses value as inflation rises, but investments are excellent financial instruments to combat inflation.

3. Returns: You usually get a fixed, steady rate of return on your money. 

On the other hand, returns from investments could be far higher.

4. Risk: Generally speaking, savings involve little to no risk. 

With savings accounts, FDs, and RDs, among other savings vehicles, you will consistently earn income. 

However, because their value might fluctuate based on the market and other financial and economic conditions, investments carry a significant risk.

5. Savings products frequently possess substantial liquidity. 

Because of this, they provide you with quick access to funds whenever you need them.

 Financial experts advise against investing your emergency money because, generally speaking, investments give limited liquidity.

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Is It Safe in Nigeria to Save in US Dollars?

Yes, over time, holding your savings in US dollars can offer a comparatively safe store of wealth. This is a result of the dollar’s superior stability over the naira.

How Trustworthy Are Nigerian dollar investment Apps for Dollar Savings?

Even if the applications are somewhat safe, you should still conduct background checks before investing. The above advice will assist you in making an excellent decision.

What Is the Best Stable Coin to Use?

The top stablecoins available right now are USDT, USDC, and BUSD in terms of reputation. This is due to their dominant market share and availability across several cryptocurrency exchanges, such as Quidax.


There are numerous online investment platforms in Nigeria. 

Not every one of these investment platforms will be worth the time and money you spend on it. 

Reduce the number of alternatives you have based on your investing goals and risk tolerance. Make sure you thoroughly research the security of each platform. 

You may maximize the value of your hard-earned money by making an informed decision. 

Consider each platform’s benefits and drawbacks. If you wish to avoid taking many chances, invest in a low-risk platform. 

Start your investing journey as soon as you can, even if it’s just a small amount.

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Oluwatobi Olowe
Oluwatobi Olowe

Tobi Olowe has over 3 years of experience as a content writer specializing in Tech discoveries, site optimization, building content that rank well and boosting overall site performance.

Articles: 151

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