How To Invest In Nigerian Banks – Learn The 4 Best Investment Opportunities In Banking Sector -Fixed Deposits, Commercial Papers, Mutual Funds and Stock Trading
A lot of people thought that banks are financial institutions designed to only accept a deposit/mobilise funds for savings purpose and make it available to their customers upon request, they don’t that know beyond the normal savings and withdrawal services, there are investment opportunities offering better return compared to the paltry 2-3% interest income.
See – 4 Top Investment Apps You Should Download for Higher Returns Than your Bank
In this dynamic environment, where the price of essential amenities is constantly surging higher every day, you can’t afford to be mediocre or allow the value of your savings gets wiped out by inflation which, as of this writing, sits at 13-14%. Rather than allow your bank take your money, pay your 2-3% interest and advance your cash to corporate customers at a higher interest of up to 22%, there are alternative investment options you can try now.
This article explores practical ways you can invest in Nigerian banks at moderate risk and earn returns on your investment.
See – How to create multiple streams of passive income for yourself even if your salary isn’t enough.
How to invest in Nigerian banks – 4 Opportunities to Explore:
- Fixed deposits
- Commercial papers
- Mutual Funds
Investment in Fixed Deposit
Aside from price appreciation, you can also earn a dividend on your equity shares.
See my detailed guide on how to analyse and pick banking stocks.
Before you invest your fund in Nigerian banks, please consult your financial adviser for more details.
I want to be an invest from my small salary,but I need advice from a professional. Can you please assist?
You need to start saving first. However, I will not advise you save with a bank but download apps like PiggyVest, I-Invest, Farmcrowdy, etc..These are apps that will help you earn more returns. Ultimately, you need to invest in knowledge; buy investing books and horn your skiil