Buying stocks used to feel like something only bankers or big investors did. You had to go through stockbrokers, fill out paperwork, and understand charts that looked like rocket science. But that’s no longer the case. Today, anyone with a smartphone and a little curiosity can get started with stock investing. Thanks to several fintech apps now available in Nigeria, the process has become easier and more accessible.
If you’re just starting out or trying to grow your money gradually, investing in local stocks is one of the most practical ways to build long-term wealth. These apps are designed with beginners in mind and give you full access to Nigerian stocks without needing to walk into a bank or call a broker.
Here are five trusted apps Nigerians are using to buy local stocks with ease.
1. Risevest
Risevest is a popular investment app that allows you to invest in both local and foreign assets. For Nigerians looking to buy Nigerian stocks, Risevest provides exposure through professionally managed portfolios.
Why Nigerians like Risevest:
- It is beginner friendly
- Offers managed portfolios that include Nigerian and U.S. stocks
- Helps users invest based on goals like saving for rent or school fees
While you don’t get to buy individual Nigerian stocks directly, Risevest simplifies the process through expert-curated plans. It’s a great option if you want a hands-off approach to investing.
2. Bamboo
Bamboo is another investment app that has grown fast in Nigeria. While it is better known for access to U.S. stocks, Bamboo has started rolling out options for Nigerian equities as well.
Key features:
- Real time stock market updates
- Access to both local and international stocks
- Easy onboarding and KYC process
Bamboo is ideal if you want the option to mix Nigerian stocks with foreign investments in one app. It gives you more control over what you invest in and helps track your returns easily.
3. Chaka
Chaka is one of the first investment platforms to get approval from Nigeria’s SEC. It gives users access to both local and global stocks in one dashboard. If you’re focused on Nigerian companies listed on the NGX (Nigerian Exchange), Chaka gives you full access to them.
Why Chaka stands out:
- Regulated by the Nigerian SEC
- Direct access to Nigerian stocks like GTCO, Dangote, and MTN
- Clean user interface and local customer support
It’s perfect for investors who want to support local companies while growing their money. The app also offers educational tools to help you understand what you’re investing in.
4. Trove
Trove allows you to invest in stocks, bonds, and mutual funds. It has a strong local presence and gives users full access to Nigerian stocks. It’s especially loved by first time investors who want to start small and grow gradually.
What Trove offers:
- Low entry point for beginners
- Access to NGX stocks and government bonds
- Option to set automatic investments
Trove makes stock investing feel less intimidating. It’s a great starting point for anyone testing the waters.
5. Afrinvest
Afrinvest is more traditional but has a strong digital platform through its app, Optimus. The company has a long history in Nigeria’s capital market and offers a wide range of local investment options.
Why consider Afrinvest:
- Backed by a respected financial institution
- Full access to Nigerian equities and mutual funds
- Educational webinars and research tools available
If you’re someone who prefers structure and expert advice, Afrinvest gives you a solid blend of both.
How to Choose the Right App for Buying Nigerian Stocks
Before you download an app and start investing, here are a few things to consider:
1. Regulation:
Make sure the app is licensed or affiliated with a registered financial body. This gives your investment some level of safety.
2. Ease of use:
If you’re a beginner, you don’t want to struggle with navigation. Look for platforms with simple dashboards and support features.
3. Minimum investment amount:
Some apps let you start with ₦1,000, others require more. Go with one that fits your budget and investment goals.
4. Payment methods:
Confirm the app supports local payment methods like bank transfers or card payments.
5. Customer support:
If something goes wrong or you have questions, you need access to a responsive support team.
Also Read: How to Open a Domiciliary Account in Nigeria
Can Nigerians Abroad Use These Apps?
If you live outside Nigeria but want to invest in the local stock market, here’s what you should know:
Many of these apps still work for Nigerians abroad as long as you have a Nigerian bank account and a valid BVN. This makes it easy for those in the diaspora to continue building wealth through local investments.
Stock investing in Nigeria no longer feels complicated or out of reach. These apps have made it easier for everyday people to get started with little money and less stress. Nigerian stocks give you a chance to support local businesses while building financial security for yourself. And now, thanks to your smartphone, getting started is easier than ever.
