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  • When Jennifer Okpechi (31) moved to the UK in 2023, she had no idea that the stock market would become her lifeline. What started as a side hustle back in Nigeria has now grown into a full-time career that has grown her money by almost £100,000 in just two years. Here’s how she made it work.

    Living in the UK as a Full-Time Stock Investor

    I moved to the UK in 2023 for my master’s degree. The plan was simple: come here to study and then return home. But after settling in, I decided to stay a bit longer. I often describe it as being on an extended holiday.

    I started out in Portsmouth, where I completed a postgraduate degree in Digital Business Management. Like many other immigrants, I worked in healthcare support jobs before securing a full-time consulting role, which I eventually quit when sponsorship wasn’t forthcoming. In April 2025, I relocated to Manchester, hoping it would expose me to bigger opportunities and, ideally, a job with visa sponsorship.

    That hasn’t happened yet. I’ve been without a 9-to-5 for four months now. Instead, I doubled down on investing, trading stock options and steadily growing my portfolio. Since moving to the UK, I’ve built my stock portfolio to nearly £100,000.

    It may look like a sudden leap, but it’s really the product of years of practice and discipline. I’d been learning about investing since I was 16, when my parents drilled the habit into me. Money working for me always felt natural because I grew up watching it happen. My dad was deeply invested in real estate, while my mum preferred financial instruments.

    That curiosity led me to experiment early. In my first year of university, I got into fixed-income products like treasury bills, eurobonds, and FGN bonds. The returns were high, steady, and reliable. Those investments became my foundation, bringing in a stream of passive income I could count on, and partly funding my relocation alongside my parents’ support.

    Becoming a full-time investor in the UK wasn’t the original plan, but it became the most practical one. My attempts to secure sponsorship at my former company failed, and job applications were exhausting. Recruiters only seemed interested in my visa status, and the constant rejections wore me down. Job hunting felt like a job in itself, only without the paycheck. And I knew I had skills I could monetise without waiting for anyone’s approval.

    So I made a choice: stop chasing jobs, refine my trading skills and rebalance my investments, while establishing my presence as an investment thought leader online. When I ran the numbers, I realised I could live comfortably if I consistently made £100–£200 daily from the market, mostly through stock options trading. That became the goal.

    It wasn’t easy. I had to unlearn and relearn strategies and commit fully. But it’s finally paying off. Now, I earn up to £200 or more daily from trading.

    Since quitting my job in February, this has been my reality. If I keep going at this pace, I can eventually sponsor myself — in UK terms, that means proving I can fund my stay without an employer. I still have about a year left on my visa, but the consistency of my income, from both trading and the fintech AI startup I’m building, puts me in a strong position.

    That stability also gives me options: I could apply for a Global Talent Visa, set up my startup to sponsor me directly, or even explore opportunities in other countries. Either way, I won’t be boxed in.

    Portfolio Breakdown: The Road to £100k 

    My first real taste of the stock market came in 2019, when MTN launched on the Nigerian Stock Exchange. That was my very first stock purchase.

    Around the same time, Bamboo, a Nigerian app that allowed direct access to U.S. stocks, also launched. I signed up immediately and bought my first shares.

    My First Stock Purchases:

    • $500 in Apple
    • $800 in Tesla
    • ₦300k in MTN
    • ₦700k spread across Okomu Oil, Dangote Cement & tier-one banks

    Back then, I was a business development manager for a luxury goods company, earning about ₦500,000–₦700,000 a month plus bonuses. Almost everything I earned went into investments. 

    At first, stocks were just one slice of a larger portfolio. But soon, I realised their unique edge: unlike treasury bills or bonds, they gave me two returns — capital gains when prices went up, and dividends when companies paid them out. That combination hooked me. Stocks became the centrepiece of my investment journey, not just a hedge against inflation but a vehicle where money could multiply faster than I had ever seen.

    But when I moved, I had to start building my portfolio almost from scratch. 

    My old Bamboo account still holds about $14k worth of stocks I’d built over the years, but I leave that largely untouched to grow long-term.

    In the UK, I manage my portfolio through platforms like Trading 212, eToro and Robinhood, which offer commission-free trading and instant buying and selling. For the first time, investing felt less like a side hustle and more like a full-fledged commitment.

    These platforms also introduced me to stock options trading, which I never had access to in Nigeria.

    Stock investing involves buying and holding shares to grow wealth over time, while stock options trading is short-term. I trade on the rise and fall of stock prices, and that’s how I currently make around £200 a day.

    When I moved to the UK, I didn’t arrive with a big pot of money to throw into the stock market. I started with about $2,000 and topped up month after month. 

    Where The Money Came From:

    • My previous 9-to-5 as a digital business consultant
    • My paid investment group of 300+ members

    I don’t leave money lying around. Even £20 sitting in my account for a few days feels wasted; I’d rather put it in the market. My friends joke that if I say I’m broke, it just means I’ve invested all my money. They’re not wrong.

    That discipline helped my stock portfolio reach £100k in over two years — not just from what I put in, but from capital gains, reinvested profits, and steady growth. 

    My Current Portfolio (2025, £100K)

    Right now, I balance between growth and income stocks:

    • 75% Growth Stocks: Palantir, Tesla, Nvidia, Broadcom, Netflix, Meta

    • 25% High-Yield Income Stocks: REIT funds, ETFs, Index funds

    Options trading has been another big part of my growth. I don’t trade every day, but I aim to make £100–200 when I do. That consistency, dollar-cost averaging, and avoiding greed have kept me profitable. 

    Key Wins in 2025

    This year, my biggest stock market wins came from Palantir and Netflix: 

    • Palantir: I put in £5,000 last year and made £30,000 when the stocks surged

    • Netflix: I bought during a dip in early 2025, and made over £10,000 

    My portfolio is at its peak this year. My strategy is simple: keep rebalancing, buy good companies’ stocks at the right time, and never panic sell. Losses are temporary; the value always comes back if you hold strong stocks.

    I’ve seen firsthand how fast money can grow once it’s working for you. Over time, investing has shifted from curiosity to obsession, and now it’s the backbone of my dream to retire early and live free.

    The Future

    I’m not where I want to be yet financially. I think big and like chasing big things; that’s why I’m still hustling. People think because I don’t have a 9-to-5, I must have it all figured out, but honestly, I’m still working towards my FIRE number — the amount of money I need invested to cover my living expenses indefinitely without working. In other words, the point at which my investments generate enough passive income to fund my lifestyle comfortably. I don’t have a specific amount in mind, but I know I’m not there yet.

    If I moved back to Nigeria today, that number would already feel within reach; I’d probably be living like a baller. But in the UK, the bar is much higher. Lifestyle costs, taxes, and inflation all push the target further out, making the journey more demanding.

    For me, success is simple: peace, freedom, happiness, good food, and the ability to sleep without stress. That’s what I’m chasing.

    When I pick stocks, I keep it practical. I only buy companies backed by strong products, services, and leadership. If a company isn’t adapting to new technology, especially AI, it’ll fall behind. I ask: Does this company solve a real problem? Even if I don’t need the product, do others rely on it? That mindset has paid off, but investing isn’t about greed. It’s about conviction, patience, and discipline.

    In the next 3–5 years, I want to be job-optional, living off my portfolio as a full-time investor while scaling my startup. I’m building Money Bestie, an AI-powered financial coaching app. It’s the tool I wish I had when I started, giving people personalised, practical financial advice.

    At the end of the day, life itself is one long gamble. Investing taught me that while you can’t escape risk, you can decide the kind you take. Learning to choose my risks with intention has transformed my life in ways I never imagined.

    Next Read: How I Landed a $175k/Year Investment Banking Job as a Nigerian in the US

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  • In an earlier story, we explored how this remote product marketing manager went from earning ₦160k/month to $7.8k/month in just seven years. 

    Now that the money’s here, what’s she doing with it?

    In this follow-up, she breaks down exactly how she spends, saves and invests her income — and what financial stability looks like now that she finally has it. 

    As told to Aisha Bello

    I work remotely from Nigeria and only travel to our European HQ once a month.

    I currently earn $7,800 monthly, about ₦12 million at today’s rate. While that’s a lot by Nigerian standards, I don’t approach money with panic or pressure.

    I’ve always had a calm, almost fluid relationship with money. Even when I wasn’t earning much, I never obsessed over it. I didn’t grow up greedy for money either. But now, with a stable income, my mindset has become more intentional, and it shows up in how I invest, spend, and save.

    Income: How The Money Comes In

    I earn my salary in dollars and receive it directly into a domiciliary account. From there, I decide what goes into investing, what I convert to naira, and what I leave untouched. I also have a business debit card from my company for work travel expenses.

    Spending: What My Money Goes Into Monthly

    As soon as I get paid, I convert $2,500 to naira to sort my monthly bills and family responsibilities. Here’s what that usually covers:

    • Family support: My dad is late, so I care for my mum and three sisters. Two are at university here in Nigeria, and one is studying abroad. Depending on the month, I spend up to $1,500 on family support alone.

    • Rent: I live with my partner, so we split rent. My share is ₦2.5m/year.

    • Power and utilities: I spend around ₦200k monthly on electricity, and another ₦100k on internet and other subscriptions.

    • Groceries: I don’t eat out much. I prefer cooking, mainly organic, homegrown food. Grocery shopping costs me about ₦250k each month.

    • Miscellaneous spending: I budget another ₦200k–₦250k for impulse purchases, self-care, or random wants.

    I don’t always spend the full $2,500 I withdraw. If I have money left at the end of the month, I carry it over and withdraw less the next month. 

    Join 1,000+ Nigerians, finance experts and industry leaders at The Naira Life Conference by Zikoko for a day of real, raw conversations about money and financial freedom. Click here to buy a ticket and secure your spot at the money event of the year, where you’ll get the practical tools to 10x your income, network with the biggest players in your industry, and level up in your career and business.

    Savings & Investments: How I Handle What’s Left

    I’m not the most aggressive investor, but I’m consistent. I’ve been investing in U.S. stocks through Bamboo since January 2023. Every month, I allocate $1,000 to buy shares in the same nine companies: Amazon, Nvidia, MasterCard, Meta, Microsoft, Google, Netflix, Apple, and the S&P 500 index.

    I’m not chasing quick gains. I picked those companies because they’re stable, and I believe in slow, steady growth. So far, I’ve invested $20,563, and my current portfolio return is about $8,000. 

    The rest of my dollar income? I leave it untouched in my domiciliary account. I just like knowing I have a safety net; if anything happens, I’m covered.

    A Typical Workday in My Life

    I work a regular 9–5 and have a mini home office where I spend most of my day. But on slower days, I sit in the living room, eat something nice, watch TV, and chill.

    My team is global, so I work across time zones, but the schedule is flexible. There’s no micromanaging or mandatory hours. When I travel for work, the company covers everything — flights, Ubers, meals.

    One of the things I value most is the supportive environment. My colleagues are kind, respectful, and often older, which gives me space to learn and grow without pressure. It’s honestly one of the reasons I enjoy my job so much.

    Bottom Line

    Wealth means stability — having my needs covered, supporting the people I love, and still having something left over.

    I’m not chasing a glamorous life. I just want comfort, consistency, and peace. So every month, I build toward that — one stock purchase, one budget, and one grocery run at a time.

    Money isn’t the main character in my story. But now, it finally supports the life I want to live.

    Also Read: I Went From Earning ₦160k/Month to $7.8k Working Remotely. Here’s How I Flipped My Career and Income

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  • In 2025, growing your money isn’t just smart, it’s survival. With rising inflation, currency fluctuations, and a rapidly changing economy, smart investing can mean the difference between merely getting by and building substantial wealth. The good news is that investing today is more accessible than ever.

    We have broken down 10 of the best investment options available to Nigerians, including how they work, potential returns and risks, and exactly how you can start investing today with as little as ₦1,000.

    1. Treasury Bills (T-Bills)

    Risk Level: Low

    Potential Returns: 7-22% annually

    Treasury bills are short-term government securities issued by the Central Bank of Nigeria (CBN). When you buy T-bills, you’re lending money to the government for a short period.

    Why Consider It: T-bills are considered one of the safest investments because the Nigerian government backs them. They’re perfect for beginners who want to dip their toes into investing with minimal risk.

    Getting Started: You can invest in T-bills through:

    • Authorised dealers like commercial banks, stock brokers or discount houses (typically require higher minimums of ₦100,000 and in multiples of ₦10,000 thereafter).

    • PiggyVest offers a “SafeLock” feature similar to investing in Treasury Bills, but with more flexibility (As low as ₦1,000 for a minimum of 10 days).
    • I-Invest is another digital platform for treasury bills (Minimum investment is ₦10,000). 

    • Create an account on either platform, complete the verification process, and select T-bills from their available investment options.

    2. Stocks (Equities)

    Risk Level: Medium to High (Hold on to your seat)

    Potential Returns: 15-30%+ annually (but can also result in losses)

    Buying stocks means you own a small piece of companies like Dangote Cement, Nestlé Nigeria or GTBank. When they win, you win.

    Why Consider It: Historically, stocks have given investors some of the best returns over time. Plus, there’s something satisfying about saying, “Yeah, I own a piece of that company.”

    Getting Started:

    • Download investment apps like Bamboo, Risevest, or Chaka to easily access Nigerian and international stocks.

    • Create an account and complete KYC verification (you’ll need your BVN).

    • Fund your account (minimum can be as low as ₦1,000).

    • Research and select companies to invest in.

    3. Mutual Funds

    Risk Level: Low to Medium

    Potential Returns: 8-20% annually, depending on fund type

    Think of this as a group investment where professionals manage the money pool. You put in some cash, and they invest it across different assets. 

    Why Consider It: You gain professional management and diversification without needing large amounts of capital or investment expertise.

    Getting Started:

    • Sign up on Cowrywise or ARM Investment Managers.

    • Choose from various fund types (money market, fixed income, equity, or balanced funds).

    • Start with as little as ₦1,000

    • Set up automatic contributions to build your investment steadily.

    4. Real Estate Investment Trusts (REITs)

    Risk Level: Medium

    Potential Returns: 12-25% annually

    REITs allow you to invest in real estate without buying a whole building yourself. They invest in commercial properties and distribute rental income to investors.

    Why Consider It: Real estate is a tangible asset that often appreciates over time, and REITs make it accessible without the huge capital typically required for property investment.

    Getting Started:

    • Open a brokerage account with a stockbroker like Meristem Securities.

    • Purchase REIT shares through the Nigerian Stock Exchange.

    • Minimum investment typically ranges from ₦10,000 to ₦50,000

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    5. Agricultural Investments

    Risk Level: Medium to High (Farming is unpredictable)

    Potential Returns: 15-40% annually

    Agricultural investments allow you to fund farming operations in exchange for returns at harvest time.

    Why Consider It: Agriculture isn’t going anywhere — people must eat. Plus, returns can be impressive when harvests are good.

    Getting Started:

    • Sign up on platforms like Farmally or Groupfarma.

    • Choose a specific crop or livestock project.

    • Investments typically start from ₦50,000.

    • Returns are distributed after harvest cycles (3-12 months).

    6. High-Yield Savings Accounts

    Risk Level: Very Low (Safe safe)

    Potential Returns: 5-10% annually

    These are specialised savings accounts offering higher interest rates than traditional savings accounts.

    Why Consider It: Better than letting your money sit in a regular account, getting eaten by fees and inflation.

    Getting Started:

    • Sign up on Piggyvest, Kuda Bank, ALAT by Wema, or other traditional banks.

    • Complete your account verification.

    • Transfer funds to your high-yield savings.

    • Some platforms offer automatic savings features to help you stay consistent with your savings.

    7. Dollar Investments

    Risk Level: Low to Medium

    Potential Returns: 3-8% annually, plus potential naira value appreciation

    These investments enable you to save or invest in US dollars, thereby hedging against naira depreciation and inflation.

    Why Consider It: By investing in dollar-denominated assets, you’re essentially hedging against the risks of naira depreciation while gaining access to more stable markets. 

    Getting Started:

    • Create an account on Risevest, Bamboo, or Trove.

    • Complete verification.

    • Fund your account in Naira (platforms will convert to dollars).

    • Choose dollar-denominated assets (US stocks, bonds, or dollar savings).

    • Minimum investment is typically around ₦5,000 (converted to dollars).

    8. Bonds

    Risk Level: Low to Medium

    Potential Returns: 8-16% annually

    Think of bonds as you playing the role of the bank. You lend money to a government or company; in return, they pay you steady interest, plus your full money back at the end of the term.

    Why Consider It: If you’re looking for stability and predictable returns without the rollercoaster emotions of the stock market, bonds are your go-to. 

    Getting Started:

    • Register on InvestNow or through Afrinvest.

    • Choose between Federal Government (FGN) bonds, corporate bonds, or Eurobonds.

    • Minimum investment typically starts at ₦50,000 for government bonds.

    • Hold until maturity or sell on the secondary market.

    9. Cryptocurrency

    Risk Level: Very High (This one is not for the faint-hearted)

    Potential Returns: Highly variable (potential for both significant gains and losses)

    Crypto isn’t just internet money anymore; it’s a fast-growing financial frontier. Bitcoin, Ethereum, and other digital assets have created millionaires, disrupted industries, and are becoming a core part of modern investment portfolios.

    Why Consider It: If you believe in the future of technology, decentralisation, and global finance, crypto offers massive upside potential. It’s risky and prices can swing wildly. But it offers a shot at outsized returns for investors who can stomach the volatility.

    Getting Started:

    • Create an account on Quidax, Binance, Busha or Yellow Card.

    • Complete verification.

    • Fund your account and start with established cryptocurrencies like Bitcoin or Ethereum.

    • Always do your own research (DYOR) and never invest money you can’t afford to lose.

    10. Exchange-Traded Funds (ETFs)

    Risk Level: Medium

    Potential Returns: 10-25% annually

    ETFs are like investment bundles; they let you buy a basket of assets (stocks, bonds, commodities) all at once, instead of picking individual investments yourself. It’s a simple, low-cost way to instantly diversify your portfolio and lower your risk without needing a lot of money or expert knowledge.

    Why Consider It: ETFs are a great place to start when you can’t decide what stocks to buy. They are also perfect if you want broad exposure to the market without the stress of endless research. They combine the earning potential of stocks with the safety net of diversification.

    Getting Started:

    • Open an account with Bamboo, Trove, or Chaka.

    • Complete verification.

    • Fund your account (minimum investment around ₦2,000-₦5,000).

    • Choose from Nigerian ETFs like the Stanbic IBTC ETF or international options.

    Bottom Line

    Building wealth is about taking consistent, small steps over time. Whether you’re drawn to the safety of Treasury Bills, the thrill of stocks, or the futuristic promise of crypto, the most important thing is to start.

    You don’t need millions of naira to begin; you can start with as little as ₦1,000, learn as you go, and grow your confidence and portfolio over time.

    The sooner you start investing, the more you’ll benefit from the power of compounding and long-term growth. 

    Join 1,000+ Nigerians, finance experts and industry leaders at The Naira Life Conference by Zikoko for a day of real, raw conversations about money and financial freedom. Click here to buy a ticket and secure your spot at the money event of the year, where you’ll get the practical tools to 10x your income, network with the biggest players in your industry, and level up in your career and business.

    Also Read: 10 Investment Apps Nigerians Are Using to Build Wealth in 2025

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  • If you want to grow your money without stress, these investment apps make it easy to diversify, manage risk, and maximise returns, all from your phone. In an economy where inflation constantly eats into savings, investing is one of the smartest ways to stay ahead.

    These platforms give you access to various investment options, from stocks and real estate to treasury bills and mutual funds. 

    We’ve curated a list of the best options, what they offer, potential returns, and how to get started.

    1. PiggyVest

    Piggyvest gives Nigerians access to pre-vetted low to medium-risk investment opportunities, including fixed-income, real-estate and equity options. 

    • What they offer: Investments in different industries, including fixed-income, agriculture, real estate, transportation and more.
    • Minimum Investment: ₦5000
    • Returns: Up to 35% returns per annum. 
    • How to get started: Download the app, fund your wallet and explore available investment options.

    2. Risevest

    Risevest gives you access to global investments in US stocks, real estate, and fixed-income assets, helping you build a dollar-denominated investment portfolio.

    • What they offer: Automated investment plans in dollar-denominated stocks, real estate, and fixed-income assets with different risk levels and expected returns per annum.
    • Minimum Investment: $10
    • Returns: Historically, between 8%–15% annually, depending on your plan. 
    • How to get started: Download the app, sign up with your BVN and valid ID, fund your account via bank transfer or card, and pick an investment plan.

    3. Bamboo

    Nigerians can access over 3,000 US and Nigerian stocks on Bamboo, making it easy to invest in companies like Apple, Tesla, and Dangote.

    • What they offer: Stocks, fixed income, and fractional investing, so you can start with small amounts.
    • Minimum Investment: You can buy a fraction of stock with as little as $2. Bamboo offers a service called Fractional Investing, which means you can purchase parts of any stock based on how much you want to invest.
    • Returns: Varies based on stock performance, with historical averages of 7%–10% annually.
    • How to get started: Download the app, verify your account with your BVN and ID, link your bank account, and start trading.

    4. Cowrywise

    Cowrywise automates savings and investments through mutual funds, fixed deposits and emergency funds, offering low-, medium-, and high-risk investment options.

    • What they offer: Naira and dollar mutual funds, automated savings, and fixed-income investments.
    • Returns: Historical average 22.87% annually on the Cowrywise investment portfolio.
    • How to get started: Download the app, sign up, link your bank account, and choose your preferred investment plan.

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    5. Chaka

    Chaka provides local and international stock trading with access to over 4,000 stocks and ETFs across 40+ countries.

    • What they offer: Nigerian and global stocks, ETFs, and bonds.
    • Minimum Investment: ₦1,000
    • Returns: Varies based on market performance.
    • How to get started: Sign up, complete KYC, fund your account and start trading.

    6. I-Invest

    I-Invest specialises in fixed-income investments like Treasury bills, Eurobonds, and equities. It’s ideal for low-risk investors seeking steady returns.

    • What they offer: Treasury bills, government bonds, fixed-income securities, and equities.
    • Minimum Investment: ₦100,000
    • Returns: 10%–15% annually, depending on the plan.
    • How to get started: Download the app, verify your BVN and ID, fund your account, and start investing.

    7. Wealth n.g

    Wealth.ng offers stocks, fixed-income, agriculture, and real estate investments, making it a diverse option for active and passive investors.

    • What they offer: A diverse investment portfolio that includes stocks, treasury bills, fixed income, mutual funds, real estate, and alternative investments like agriculture. 
    • Minimum Investment: ₦10,000
    • Returns: Up to 22% for agriculture, 20% for real estate, and 13% for fixed income.
    • How to get started: Sign up, verify your identity, fund your account, and choose an investment option.

    8. Bravewood

    Bravewood is a CBN-regulated digital finance service that offers Nigerians low-risk investment options and decent returns.

    • What they offer: They offer investment plans for every goal, from securing a child’s future to other financial goals for maximising wealth. 
    • Minimum Investment: ₦50,000.
    • Returns: Up to 25% annually.
    • How to get started: Sign up, fund your account, and choose from different investment options tailored to your financial goals.

    9. Invest now

    Invest Now is a digital investment app that offers mutual funds, equities, and fixed-income investment options. It caters to investors of all risk levels, providing real-time market updates and automated investment options.

    • What they offer: Mutual funds, equities, trusts and fixed-income investments. 
    • Minimum Investment: The funding amount is based on the assets you choose to invest in. 
    • Returns: Variable based on market performance, with earnings coming from dividends and capital appreciation. 
    • How to get started: Open an account, choose an investment option, fund your investment, and start receiving returns.

    10. Trove

    Trove is an investment platform that allows Nigerians to invest in local and international markets. 

    • What they offer: Access to Nigerian stocks and US stocks (including Fortune 500 companies like Apple and Tesla), Chinese stocks, government bonds, ETFs and more.  
    • Minimum Investment: $10 or ₦1,000
    • Returns: Up to 5.5% returns on Dollar investments and up to 20% returns on Naira investments. 
    • How to get started: Download the Trove app, sign up, browse the available options and start investing. 

    Bottom Line

    Whether you’re looking for steady, low-risk returns or high-growth opportunities, these investment apps give you the flexibility to build wealth on your terms. You don’t need millions to start; just choose an app, invest and let your money work for you.

    Join 1,000+ Nigerians, finance experts and industry leaders at The Naira Life Conference by Zikoko for a day of real, raw conversations about money and financial freedom. Click here to buy a ticket and secure your spot at the money event of the year, where you’ll get the practical tools to 10x your income, network with the biggest players in your industry, and level up in your career and business.

    Also Read: These 10 Money Market Mutual Funds Are Making Nigerians Rich in 2025

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  • Keeping money in a regular savings account is like stuffing cash under your mattress — it feels safe, but it barely grows.

    But in 2025, more Nigerians are cashing in on a smarter way to grow their money, earning up to 25% returns per year through Money Market Mutual Funds. If you’ve been looking for a low-risk way to make your savings work harder, these funds might be your best bet.

    What exactly is a Money Market Mutual Fund?

    Think of it like this:

    • Money Market: A large-scale financial marketplace where banks, governments, and companies lend and borrow short-term funds at specified interest rates.
    • Mutual Fund: A system where people pool money together, and professionals invest it for them.
    • Money Market Mutual Fund: Professionals pool money from various investors to put in short-term, low-risk assets like government securities and high-quality corporate debt. 

    These funds are typically managed by Asset Management Companies (AMCs) and banks’ investment divisions. Their job is to:

    • Pool money from different investors.
    • Invest in low-risk, short-term assets.
    • Handle the complexities of investing for you and pay you steady returns.

    Money market funds, also called money market mutual funds, are insured by the Securities and Exchange Commission (SEC) Nigeria. They are intended to offer investors high liquidity with a very low level of risk.

    Unlike fixed deposits, where interest rates are locked in, money market funds have variable returns that change based on market conditions.

    So, what are the best money market funds in Nigeria right now?

    The Top 10 Money-Making Market Funds in Nigeria (February 2025)

    Based on February 14, 2025, data from the SEC Nigeria, here are the top-performing money market funds:  

    To help you understand potential earnings, we’ve broken down how much ₦100,000 could have grown in just 45 days and projected year-end returns.

    1. Legacy Money Market Fund (25.15% Year-to-Date Return)

    Individuals who invested ₦100,000 in the Legacy Money Market Fund at the start of 2025 would have earned approximately ₦3,101 in just 45 days (by February 14, 2025). Based on the current annual return rate of 25.15%, the money could grow to ₦125,150 within a year.

    • Minimum investment: At least 1,000 units at the current market price.
    • Where your money goes: Short-term, low-risk financial assets like treasury bills and fixed deposits with a minimum 30-day holding period.
    • Key Benefits: Competitive interest rates, flexible entry and exit, the option to reinvest or withdraw returns, and capital protection with stable income.

    2. Meristem Money Market Fund (24.13% Year-to-Date Return)

    By February 14, an investor who put  ₦100,000 in the Meristem Money Market Fund would have earned about ₦2,975. If this return rate of 24.13% holds steady, the total investment could grow to ₦124,130 in 12 months.  

    • Where your money goes: Government securities, bank placements, and commercial papers.
    • Key benefit: Easy access to your money when needed.

    3. Anchoria Money Market Fund (23.69% Year-to-Date Return)

    Had you started 2025 with a ₦100,000 investment in the Anchoria Money Market Fund, you would have gained around ₦2,921 by mid-February. At its current 23.69% annual return rate, this could compound into ₦123,690 over the course of a year.

    • Minimum investment: ₦5,000
    • Where your money goes: Treasury Bills and other safe government-backed investments.
    • Key benefit: You can start small and add more money anytime.

    4. Chapel Hill Denham Money Market Fund (23.63% Year-to-Date Return)

    An investment of ₦100,000 in the Chapel Hill Denham Money Market Fund on January 1, 2025, would have generated approximately ₦2,914 by February 14. At an annual return rate of 23.63%, your money could reach ₦123,630 by the end of the year.

    • Minimum investment: ₦5,000
    • Where your money goes: A mix of safe, short-term investments.
    • Key benefits: Quarterly interest payments, easy entry and exit, and capital preservation.

    5. Zedcrest Money Market Fund (23.33% Year-to-Date Return)

    By mid-February 2025, ₦100,000 invested in Zedcrest Money Market Fund at the beginning of the year would have grown by ₦2,877. If the 23.33% return rate remains consistent, your investment could increase to ₦123,330 by year-end.

    • Minimum investment: ₦1,000
    • Where your money goes: Short-term naira-denominated debt instruments.
    • Key benefits: Stable income, capital appreciation, and professional management for portfolio diversification.

    6. AIICO Money Market Fund (23.18% Year-Date Return)

    If you started 2025 with ₦100,000 in the AIICO Money Market Fund, you would have earned approximately ₦2,858 by February 14. At an annual return rate of 23.18%, your investment could reach ₦123,180 by the end of 2025.

    • Minimum Investment: ₦10,000
    • Where your money goes: Invested in high-quality, short-term money market securities, including treasury bills, commercial papers, and fixed deposits.
    • Key benefits:  Capital preservation, competitive returns, portfolio diversification, online access, ease of entry and exit, and quarterly interest payments.

    7. EDC Money Market Fund Class B (23.00% Year-to-Date Return)

    By February 14, 2025, an investor who put ₦100,000 in the EDC Money Market Fund at the start of the year would have earned ₦2,836 in returns. If the 23% annual return rate remains steady, the total investment could grow to ₦123,000 by the end of the year.

    • Where your money goes: Short-term debt securities, bank placements, bonds, and commercial papers.
    • Key benefits: Quarterly interest payments, easy entry and exit, and capital preservation.

    8. RMB Nigeria Money Market Fund (22.91% Year-to-Date Return)

    An investment of ₦100,000 in RMB Nigeria Money Market Fund from January 1, 2025, would have generated ₦2,825 in 45 days. At an annual return of 22.91%, your money could reach ₦122,910 within a year.

    • Where your money goes: Short-term government and corporate securities with a maximum tenor of 365 days and a 90-day average maturity. 
    • Key benefit: Designed for steady, low-risk returns.

    9. FSDH Coral Money Market Fund (22.88% Year-to-Date Return)

    By mid-February, an initial ₦100,000 investment in the FSDH Coral Money Market Fund would have earned ₦2,821. At the 22.88% annual return rate, this investment could grow to ₦122,880 in December 2025.

    • Minimum Investment: ₦5,000
    • Where your money goes: Short-term securities with a maximum 1-year tenor.
    • Key benefit: Withdraw within 24 hours and top up anytime. Returns are based on how long your money stays in.

    10. ARM Money Market Fund (22.72% Year-to-Date Return)

    If you had invested ₦100,000 in the ARM Money Market Fund at the beginning of 2025, you would have earned ₦2,801 by February 14. At an annual return rate of 22.72%, your investment could grow to ₦122,720 by year-end.

    • Minimum Investment: ₦1,000
    • Where your money goes: Mainly government securities and other money market instruments.
    • Key benefits: Quarterly interest payments, competitive interest rates, and multiple and convenient payment options.

    Important things to note

    Earning passive income is great, but before you invest in money market funds, here are a few things to keep in mind.

    Returns can change

    • The rates above are from February 14, 2025.
    • Interest rates fluctuate weekly: sometimes up, sometimes down.

    Your money isn’t locked in

    • Money market funds are designed to offer liquidity, allowing you to access your funds relatively quickly. 
    • Typically, you can withdraw your money within 24 to 48 hours after making a request. 
    • However, many funds have a minimum holding period, often around 30 days; withdrawing before this period may incur penalties. 
    • While these funds are intended for short-term investments, with durations of up to one year, reviewing each fund’s specific terms is essential to understand the recommended investment period.

    Safety features

    • All funds are regulated by the SEC.
    • Investments are monitored daily.
    • Strict rules ensure your money is protected.

    Risks to consider

    • Returns aren’t guaranteed; they depend on market conditions.
    • Inflation may affect actual returns: if inflation is higher than your fund’s return, your money loses value.

    How to start investing in Money Market Funds

    Choose a money market fund

    • Check past performance, fund size, and investor reviews.
    • Look at the minimum investment amount (some start at ₦5,000).

    Open an account

    • Visit the fund manager’s website or office.
    • Complete KYC (submit ID and proof of address).
    • Deposit your money.

    Track your investment

    • Get monthly statements to monitor earnings.
    • Stay updated on interest rates, fund performance and market conditions.

    Key Takeaways

    • These are not regular bank savings; investment professionals manage them.
    • The wealthy don’t just save money; they invest it. Now you know one of their secrets. 
    • Pooling your money with other investors gives you access to better returns than you would make on your own.
    • It’s time to make your money work for you. If you haven’t started yet, the next best time is now.

    Editor’s note: These rates are based on weekly data from February 14, 2025, and are subject to change.

    *Not Financial Advice.

    Also Read: Halal Investments in Nigeria: How to Invest Without Breaking Islamic Rules

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  • Halal Investments in Nigeria

    Investing sounds simple: put your money somewhere and watch it grow. But if you’re a Muslim, it’s not that straightforward. 

    Many investment options in Nigeria aren’t always halal-compliant. But it doesn’t mean you can’t invest; there are ethical and profitable ways to grow your money without compromising your faith.

    We spoke to an Islamic Finance professional and two Nigerian Muslims who are actively into Halal investments. Here’s a breakdown of what they told us about navigating Halal investments in Nigeria.

    What is Halal Investing? 

    With conventional investments, you deposit money in a bank, earn interest, and move on. You don’t ask if they’re using your money to fund breweries, adult entertainment or pork businesses. You just collect your returns.

    But Halal investments don’t work that way. They’re built on moral ethics, social responsibility and transparency. When you invest through Islamic banks, you know exactly where your money is going. Your funds are invested in actual businesses, and the profit is shared fairly. And if the business fails to make profits, the depositor takes the loss, just like in a real business.  

    In Halal investing, money cannot generate profit on its own or be used as a lending tool to earn interest. Instead, it must be invested ethically in businesses or assets that generate profit through permissible means.

    In Nigeria, regulators like the Securities and Exchange Commission (SEC), the advisory committee of experts, and the Central Bank of Nigeria’s Islamic Regulatory Advisory Committee ensure that non-interest banks operate within Islamic finance principles. 

    What makes an investment halal? 

    1. No Interest (Riba) – Money Shouldn’t Make Money by Itself

    Interest-based earnings like fixed deposit savings are considered haram. Your money should be actively invested in real businesses to generate profits.

    2. No Haram Industries – If You Can’t Eat It or Do It, Don’t Invest in It

    Any business involved in alcohol, gambling, adult content, pork or practices Islam considers unethical is off-limits. Your money should only fund enterprises that align with Islamic values.

    3. No Excessive Risk or Speculation (Gharar) – No Gambling with Your Money

    Investments should be transparent and low-risk. Anything that involves uncertainty and betting on price swings, like forex trading, is considered haram.

    Crypto sits in a grey area in halal investing. Some Islamic scholars consider Bitcoin halal because it functions like digital gold—it has real value, operates transparently, and doesn’t involve interest. However, many other cryptocurrencies are deemed haram due to their speculative nature, lack of intrinsic value, and resemblance to scams or Ponzi schemes.

    4. Ethical and Social Responsibility – Your Money Should Actually Do Good

    Halal investing supports businesses that positively impact society, like healthcare, education, sustainable energy, and ethical banking. 

    5. Risk and Profit Sharing – Everyone Wins (or Loses) Together

    Instead of guaranteed, fixed-interest returns, halal investments operate on profit-sharing models.  You make money when the business makes money and share losses if it doesn’t—just like real business partners.

    Where Can You Invest The Halal Way?

    Islamic Finance professional Oluwafemi Oyelehin breaks down some of the halal investment options available in Nigeria:

    1. Real Estate

    Real estate is one of the safest and most popular halal investment options because it is tied to tangible assets (physical land and buildings). You can legitimately generate income from renting as long as the property is used for halal purposes. But not all real estate investments are automatically Halal —how you finance or use the property matters.

    Real Estate

    How to invest in Real Estate:

    • Buying property outright: If you can afford to pay the full price at once, this is the simplest way to acquire property. It grants you immediate ownership, but it’s crucial to ensure it’s used for permissible purposes.
    • Islamic financing options: Loans that include interest are not permissible. If you need financial assistance, non-interest Islamic banks like Jaiz offer Halal alternatives to traditional mortgages (property loans). 

    Here’s how they work:

    Musharakah (Joint Ownership):

    • You and the bank co-own the property and share profits.
    • Over time, you gradually buy out their share until the property is 100% yours.
    • There is no interest, just shared investments.

    Ijarah (Islamic Leasing) – Rent-to-Own, the Halal Way:

    • The bank fully owns the property and leases it to you
    • You make agreed payments over time until you fully own the property. 
    • Essentially, you’re paying rent while you use the property, and at the end of the lease, you ultimately gain full ownership.
    • There is no interest, no hidden fees, just a structured way to own property over time.

    2. Halal Compliant Stocks

    Investing in stocks is Halal, but only if you know where your money is going.

    Think of it this way: You wouldn’t want your money funding weapons manufacturing or a brewery, right? That’s why not all stocks are Halal. Before investing, you need to double-check what the company does.

    Halal Investments in Nigeria

    How to Invest in Halal Stocks:

    •  Avoid companies involved in interest-based finance (banks), gambling, alcohol, or unethical industries.
    • Islamic bank stocks are a safer option. These operate under Shariah principles, ensuring compliance with Halal investment rules.
    • Check where your money goes. Stocks like MTN, Tesla, Google, and Nestlé are generally Halal Investment options because they provide essential goods and services.
    • Halal stocks earn through profit-sharing, not interest. Your returns come from business growth and profits, not lending money at fixed interest rates.
    • Easier options include the Halal Mutual Fund, such as the FSDH Halal Fund,  Lotus Capital Halal Investment Fund and the Cordros fixed income fund. They pool funds from multiple individuals to invest in a diversified portfolio of halal-compliant stocks and other asset-backed halal investments. Instead of researching individual stocks yourself, the fund managers handle the halal screening for you.

    At its core, investing in Halal stocks is like providing venture capital for ethical businesses. You’re good to go as long as their operations align with Islamic principles. 

    3. Commodity Trading

    Commodity trading is one of the oldest and simplest ways to grow your money the Halal way. Instead of earning interest, you profit by buying and selling authentic, tangible goods. 

    Halal Investments in Nigeria

    Here’s how it works: 

    • Buy low, sell higher, and profit fairly: For example, buy a stereo for ₦25,000 and sell it for ₦30,000. Both you and the buyer benefit.
    • Trade real, valuable assets: Invest in oil, wheat, or agricultural products, as long as they’re ethically sourced.
    • Bank-backed trading: You invest in a car purchase, the buyer pays over time, and you share a pre-agreed profit with the bank.

    There is no interest, no hidden fees, just transparent, ethical transactions.

    4. Gold

    Gold is a real, tangible asset, making it 100% Halal if bought and traded correctly. Unlike regular currencies that can be devalued by inflation, gold holds its intrinsic value and has been used as a store of wealth for centuries.

    Gold Halal Investments in Nigeria

    5. Islamic Insurance (Takaful)

    Traditional insurance can be problematic in Islam because it often involves interest, uncertainty, and gambling (Maisir). That’s where Takaful comes in: a fair, ethical, and Halal alternative.

    Takaful

    How Takaful Works:

    • Community-based protection: Members pool their money into a shared fund to support anyone who experiences a loss (medical bills, car damage, or life insurance payouts).
    • No Interest or gambling: Unlike conventional insurance, Takaful avoids unethical investments and speculative risks.
    • Fair and transparent: If nothing happens to you, your money isn’t lost; it stays in the fund or is distributed fairly among members.
    • It covers everything: Health, life, car, and business insurance—all in a Halal way.

    Islamic insurance companies like Noor Takaful offer this ethical insurance option in Nigeria. It’s a win-win: financial protection without compromising your faith.

    6. Islamic Bonds Sukuk

    Traditional bonds like the Federal Government of Nigeria (FGN Bonds) are considered Haram because they pay an interest rate; you lend the government money and earn fixed returns.

    How Sukuk Works:

    • No Interest, just profit-sharing: Investors own a share of an actual project and profit from its success.
    • Full transparency: You know exactly where your money is going, whether it’s funding roads, hospitals, or schools.
    • Backed by tangible assets: Unlike regular bonds, Sukuk investments are tied to real projects, making them safer and more ethical.
    • Ever seen a green signboard with “Sukuk Funded Section” or “Sukuk III, IV or V” on Nigerian roads? If you’re in Lagos, there’s one in Victoria Island and Marina. These roads were built with Sukuk funds, and investors received returns from their use.
    Sukuk Road
    The Cable

    Sukuk can be issued by Corporate entities such as Family Homes Funds Limited, Family Homes Sukuk Issuance Program Plc, Taj Bank, etc. Federal and state governments, as well as multilateral agencies, can also issue Sukuk, but only with approval from the Securities and Exchange Commission (SEC) of Nigeria.  

    7. Profit Sharing Savings Account

    Unlike regular savings accounts that earn interest (Riba), a Mudarabah (profit-sharing) savings account helps you grow your money the Halal way.

    Profit Sharing Savings Account

    How It Works:

    •  You deposit money, and the bank invests it in Halal businesses like real estate and ethical industries.
    • Profits are shared between you and the bank based on an agreed ratio.
    • No fixed returns: if the business invested in makes a loss, the depositor bears it.

    In Nigeria, options include Jaiz Bank’s Mudarabah Savings Account and Taj Bank’s Profit-Sharing Investment Account. It’s a transparent, ethical, and Shariah-compliant way to grow your savings without interest.

    Two Muslim Nigerians Share Their Halal Investment Journey

    Amina* (31, Medical Doctor)

    Halal Investments in Nigeria

    I started thinking about investing when I earned my first income during my medical internship in 2019. At first, I considered treasury bills, but a Muslim colleague told me they weren’t Halal. I kept saving my money since I knew no other halal investment options and couldn’t afford real estate. 

    By 2021, I gave my savings to a friend trading crypto and got decent returns, but I wasn’t sure if it was Halal. Later, in early 2022, another friend recommended Risevest. They had different investment options, but my Muslim friend advised me to stick with their real estate plan.

    I invest naira every month, which they convert to dollars. Once my plan matures, I can withdraw with returns. This is considered Halal because my funds are pooled and used to purchase a property in the U.S., which is then rented out and managed by experts to generate rental returns for me. It’s a medium-risk investment, and I earn between 12% and 15% returns annually.

    Ahmed* (32, Business owner) 

    Halal Investments in Nigeria

    I started a Halal investment group five years ago when I realised many Muslims like me wanted to grow their money the right way. Today, we’re a community of  70 investors pooling funds into ethical stocks, tech startups, and agricultural commodities (Halal mutual fund), with an investment portfolio now worth $200,000.

    If I can’t easily confirm that a company’s operations are Halal, I simply don’t invest. 

    Bottom Line

    Halal investments are about building wealth correctly while staying true to your faith. Whether you’re investing in real estate, Islamic bonds, gold, or halal-compliant stocks, the goal is ethical growth, zero interest, and financial security.

    The best part? You can have both; you don’t have to compromise between faith and financial success. So before your next investment, ask yourself: “Is my money working for me in a halal way?” If the answer is yes, you’re already winning.

    NEXT READ: I Retired at 53 With Over ₦1 Billion in Assets — Here’s How I Did It

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