Checkout Four Investment In Nigeria That Never Fails, Third Will Surprise You


There are several investments that will keep your money secure in Nigeria. These are some of those investments.

You know all the rules about getting ahead financially. You understand that you’re supposed to keep your expenses under control, stay out of debt, and save as much of your salary as you can. And you know that if you stick to these rules for long enough, you’ll eventually end up with a nice big balance in the bank. At that point, you’re left with another question: What should you do with it?

If you just let it keep piling up in the bank, your money stays safe and is available to you if you need it – but at today’s interest rates, it won’t earn much. As the balance keeps climbing higher and the interest payments stay pitifully small, you’re likely to wonder whether you’d be better off moving your funds to some other sort of investment – but if so, what?

According to, the answer depends partly on what you’re saving your money for. When you’re saving for retirement, stocks (or a mix of stocks and other investments) are your best bet because they offer the best returns over the long run. However, for short-term savings, such as your emergency fund or personal savings, you need an account that keeps your money safe until you need it – while also bringing in a little interest to add to it.

What to look for

If you’re saving up for a long-term financial goal, such as retirement, then your top priority is to grow your money over the long term and build an adequate nest egg. You don’t need to worry much about the day-to-day ups and downs in your balance, just as long as the general trend through the years is upward.

However, other financial needs are more immediate. For instance, you need to build up an emergency fund to pay for unexpected expenses, such as major medical bills or damage to your home from a flood. You also need some personal savings to cover large but less urgent expenses, such as a vacation, a new car, or a new piece of furniture. Or you might be saving for an expense you expect to have in a few years, such as a wedding or a down payment on your first house.

There are several types of investments that meet these basic criteria. According to, here are some of them:

1. Bank accounts

The easiest thing to do with your savings is simply keep it in the bank. Bank accounts are easy to access and very safe because they’re insured by the Nigeria Deposit Insurance Corporation. So, even if your bank goes out of business, you’re guaranteed to get your money back.

The biggest drawback of a bank account is that interest rates are very low. Granted, the main point of a bank account is to protect your money, and not to earn interest. But right now, interest rates are so low that they can’t even keep pace with inflation.

It is said that money is meant to be kept. A bank savings account is a type of account designed to hold money that you do not need immediate access to. When contrasted with current accounts, bank savings accounts tend to pay a slightly higher interest rate. The main benefit of a savings account is the safety of your money. The other nice benefit of these accounts is flexibility and easy access to your money. You can put in small or large amounts often and take your money back out when you need to. Bank savings accounts are ideal for emergency funds – for unexpected life events such as a job loss or prolonged illness.

What are the drawbacks? If you have heard the saying, “No risk; no reward,” then you understand that as you have no risk of losing money that means you will also receive minimal interest (or rent) for your money. The interest rates earned on bank savings are likely to be lower than inflation rates.

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