More Nigerians are seeking more effective ways to grow their wealth, and the stock market is capturing their attention. You’ve likely seen stories online about people turning small investments into meaningful gains, or heard about companies on the Nigerian Exchange NGX that doubled investors’ money within months.
For example, someone who invested ₦1 million in Honeywell a year ago could now be looking at over ₦5 million. With rising prices and economic pressure, many Nigerians now want their money to do more than sit idle in a savings account. Stocks provide that opportunity.
Apps have made this even easier. You no longer need a traditional broker. A smartphone, internet connection, and a few minutes are enough to open an account and start buying shares. Nigeria’s fintech space is booming, and many of these platforms now offer access to both Nigerian and global stocks.
This shift also reflects a new mindset among Nigerians. Many people are no longer waiting for the “perfect time” to invest. They simply start with what they have. Just ₦5,000 or ₦10,000 is enough for many beginners testing the waters.
Below is a clear overview of the top platforms Nigerians use, based on features, experience, and regulation.
Bamboo
Bamboo gives Nigerians access to both NGX and U.S. stocks. You can buy fractional shares, which allows you to invest small amounts in large global companies. The platform is SEC-registered on the Nigerian side and offers standard investor protection for U.S. trades.
Chaka
Chaka offers access to thousands of stocks locally and internationally. It supports Naira and Dollar accounts and holds a digital sub-broker license from the SEC. Some users noted slow verification, but many appreciate the professional feel and constant market updates.
Trove
Trove is known for offering a wide range of assets including NGX stocks, U.S. stocks, ETFs, and bonds. You can start with as little as ₦1,000. Some investors enjoy the educational resources on the app, while others mentioned slow withdrawals.
i-invest
i-invest focuses heavily on Nigerian investments. NGX stocks, fixed deposits, Treasury Bills, and USD bonds are all available. Many users like the clean, simple interface. It is fully registered with Nigeria’s SEC.
Other Tools Nigerians Use
MetaTrader 4 and 5 are popular among advanced traders who want charts, indicators, and forex access. However, MetaTrader is not a broker and most connected brokers offer CFDs, which come with higher risks and no ownership of actual stocks.
EasyEquities, based in South Africa, offers JSE and U.S. stocks with low fees but some Nigerians find funding and withdrawals stressful due to cross-border regulation.
What Nigerians Care About Most
Access: Many want both Nigerian and foreign stocks in one place.
Regulation: Nigerians increasingly prefer SEC-licensed platforms.
Transparency: People want clear information on fees, taxes, and charges.
The Bottom Line
The stock market is becoming more accessible to the average Nigerian. With the right platform, small amounts can grow over time. Investors now look for ease, speed, and transparency, and the platforms that deliver these will continue to grow in popularity.