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Where to invest N1 million right now

Financial and investment experts tell us where to invest a million naira today.



As financial markets around the world begin to settle down in Q3 2020, despite the resurgence of the rampaging COVID-19 pandemic, Nairametrics interviewed some investment experts, entrepreneurs, and corporate heads, both within the country and in the diaspora, asking for their opinions on what assets they would invest in if they had N1 million.

Their responses were as interesting as they were varied—ranging from buying stocks to investing in treasury bills, BTCs, Nigerian Stocks, and even agricultural assets.

READ: Cowrywise launches 6 new mutual funds

Peter Omoregie, CFA Head of Proprietary trading at CardinalStone Partners

If N1 million is up to 0.5% of my net worth, I will invest in fundamentally sound stocks; gives me a good hedge against the rising inflation.

READ ALSO: 6 easy steps to securing a financially balanced future

If N1 million is all I have saved, I will invest in TBILLS, because I can’t take the risk – I have less ability even if I have the willingness. If one million is 0.05% of my net worth, I may just invest it in Bitcoin – I don’t mind losing it. It’s subjective.

Oladayo Oladele, France-based computer engineer, COO Feldel Gas Limited


I will invest N400,000 in FGN short term bonds because of the less risk associated with this option. The rest will go into shares with sound fundamentals such as Tier 1 banks (GTbank, FirstBank, and Zenith Bank) not forgetting blue-chip stocks like MTNN and DANGOTE.

What comes to mind at first is “invest in small business,” but due to experience, most small businesses lack enough structure to give appropriate ROI. I would rather choose investment options with low risk, even though they give fewer returns.

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Temitope Busari, CFA, Treasurer of a leading consumer finance institution in Lagos, Nigeria

When it comes to investing, I’m always quick to note that it’s never a one size fits all approach. It typically depends on the individual’s preferences; risk appetite, short to long term obligations, financial goals, etc. Is this money you can afford to forget for the next 5 years or would you be needing it for rent next year?

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Personally, if I had an extra N1million in investment capital today, I would convert it to USD and invest in global stocks. At only about $2,500 it would be a welcome opportunity to cut my teeth in the post-COVID-19 US equity market.

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Afolabi Durojaiye, ACCA, Accountant at a multinational alcoholic beverage company

Deciding on how to invest N1 million depends on whether I want to invest it for the long or short term. If it is for the short term, I will be investing 70% in mutual funds, which currently have ROI of an average 6%per annum, and the balance of 30% will be invested in Agrotech with an average return of 35% over a 9-month period. If it’s for the long term, considering the best time to invest in stock is when there is depression and equity instruments are cheap, I would use 80% to buy blue-chip stocks like GTBank, Zenith, etc. and 20% will be invested in mutual funds.

READ ALSO: Nigeria’s Capital Market: Equities, ETFs, Bonds and Beyond

Silas OZOYA, Managing Partner/CEO SUBA Capital

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With N1 million as a personal investment portfolio, I would invest N500, 000 in Agriculture through an AgriTech or agro-investment fund management company.

Corn investment would be a good fit now, given the ban on importation of corn by the Federal Government of Nigeria. So, the price would go up now, which means the return in investment would also be good.

READ MORE: CrowdFunding: Who is qualified according to new SEC Guidelines

I would further split the balance N500,000 in three ways:


I would invest N200,000 in foreign stocks via verified brokerage apps, and the other N300,000 in local stock, foreign exchange, and cryptocurrency trade to spread and manage the risk.

Anyone reading this should do due diligence on the AgriTech company, agro-investment managers, foreign exchange, and cryptocurrency traders they intend to leverage, weigh the risk, and understand their charges.

READ: How declining interest rates, others drive a shift in Nigeria’s investment sector

Adebayo Juwon, FTX consultant for African markets

To start with, N1 million isn’t a lot of money like it sounds, considering the current status of the NGN. I’d recommend that a business-minded person should keep most of his/her funds in USD. The crypto space has made this a lot easier; you don’t have to enter a banking hall to convert NGN to a more stable asset like USDT.

A quick illustration of what has happened to NGN in the past few months: USD appreciated 25% against NGN, this simply means if you had 1M in January, your N1 million will now be worth N750,000.

READ MORE: Where to Invest N5 Million right now

As a crypto trader and investor, If I have N1 million lying idle, I’d consider staking in decentralised finance (defi) project, which gives the advantage of hedging and gaining better interest over time.

Chimezie Chuta, founder Blockchain Nigeria User Group

I will simply invest in Fish Farming business, with a focus on smoked fish packaging and sales. I believe the fish market in Lagos and across Nigeria is really big and investment will yield profit up to 25% monthly. With the right marketing strategy, I have no doubt about the returns as food is essential in life.

READ: Dollar Addiction: Nigerians spend over $35 billion on travel allowances

You would wonder why I will not invest in Bitcoin or cryptocurrency trading. My reason is that I expect to repay the loan and investing in crypto is not too different from gambling. There are no guarantees. You can lose all the money or double it. But practical businesses like this one offer better investment protection and chances of going down to zero are minimal.

But what I personally do with that kind of money is to buy and hold bitcoin for a long period, say 1 year. I’m betting on the long-term profitability of a few crypto assets so I’m bullish on them for a 1-3 year period. Bitcoin, Kinesis, Ethereum, Vite are a few of such.

READ: Why it makes sense to invest in foreign equities from Nigeria


Disclaimer: Please note that these are opinions and should not be construed as an investment recommendation or financial advice by Nairametrics. Kindly consult your financial adviser for a professional advisory service.


Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.



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    In a hyperinflation economy like Nigeria’s, these are the best investments to consider immediately

    A deeper review of investments to consider amid the prevailing high inflation in Nigeria.



    Where to buy Real Estate in Lagos in 2021, Nigeria's Real Estate Sector recorded positive growth after three year low, Real estate: Declining credit reflects underlying weakness 

    Let’s face it, Nigeria’s rising inflation plus lower options for high yielding investments are already driving a significant number of investors away from Africa’s leading frontier market. This is coming at a time when Nigeria’s top performing investment asset class for 2020 is currently having a year-to-date return of around -3.30%.

    Recent data published by the National Bureau of Statistics (NBS) reveals Nigerian inflation rate surged to a 33-month high, as it rose further to 16.47% in January 2021 from 15.75% in December 2020. This is marks 17th consecutive month of rising inflation in the country.

    Consequently, Nairametrics interviewed selected financial experts on the investment options best suitable for such macro.

    That being said, it’s important to note that there are no guarantees when it comes to investing during high inflation. At best, such investments may be inflation-safe, but returns can never be guaranteed.

    READ: The Nigerian economy is increasingly dollarized but there is a way-out

    Debo Adejana, MD/CEO, Realty Point Limited, Chairman, REDAN South West Zone.

    At 16.5% inflation rate as of January 2021, the obvious is that there are very little short-term investments that can outperform that especially in the short term. So, that being said, my traditional conservative disposition of the fact that the best investment term is the long-term.

    To make returns that will consistently be higher than 16.5% in short term investments will require very good knowledge of the asset class and share dedication.

    If that is clear, then by my own understanding, the following are some of the possible investment areas or strategies to adopt with real estate being my most preferred asset class anytime:

    1. Financial player in a JV Property Development Scheme. This helps to save time and gives faster turnover of investment fund.
    2. Buying distressed property now, renovate, rent-out for 2years of more just to hold if necessary and sell after.
    3. Crowd owning/funding property deals
    4. Guaranteed rent discounting
    5. International property investment for positive cash flow and to enjoy foreign exchange appreciation

    All the above can be done as a large ticket investor or little fractional holder using a well-structured and regulated vehicle.

    READ: Real estate sector GDP positive in Q4 2020, but still in the woods

    Darlington-Morsi Onyemaka, Co-founder, Quba Exchange

    Inflation means that prices for things are rising, and as such the same amount of money buys less over a certain period of time. This in itself is especially not good for cash savings as the best way to manage inflation is by investing in instruments that give you a return higher than the current rate of inflation or at least one that keeps up with it.

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    The best kinds of assets to invest in during inflation are tangible assets that have fundamental values and as such, their worth measures up together with inflation. These assets include real estate, growth stocks, and commodities like food, crude oil, and gold (especially gold).

    On the flip side, one should avoid long-term fixed-income investments. This is because the value of the underlying security falls as investors tend to focus on higher-yielding alternatives when the interest rates of that instrument start rising.

    READ: FG says Finance Bill 2020 will check inflation

    Thelma Ugonna Ohiri-Anyanwu, CFA

    Inflation is the increase in prices of goods over a period of time, where a specific amount of currency will be able to buy less than before.

    In as much as inflation erodes the value of funds, this should not deter one from investing as some investment’s types are great hedge against inflation and helps to preserve capital. Some of such investments are Gold, REITs, real estate, commodities and a well-balanced stock portfolio.

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    Silas OZOYA, Founder/CEO SUBA Capital

    Inflation in many ways affect the general health of a countries economy and her citizens literally and the only way out of inflation is continuous and increased investments in local production, expansion of existing local businesses and enacting fiscal policies that would strengthen the currency of such country.

    To mitigate this, increased and persistent investment from all angles in Agriculture, local processing, and increased export would do a positive dent on our inflation rate and keep us far away from recession through job creation, wealth growth, food, and cash crop production at scale.

    Nigerian’s home and abroad should consider investments that support economic growth through investments in Agriculture and agro-allied ventures.


    Agriculture from my experience is one of the very few sectors that puts food on the table, employs people, and grows the value of your money against inflation all in one value chain.

    The general public, high net worth individuals, and Nigerians abroad should consider holding at least 20% of their asset portfolio in Agriculture and agro-allied investments.

    Angela Aya, Head, Institutional Sales at Alonati

    There are a lot of investment opportunities for both the wealthy and not so rich investors in Nigeria, investors desiring to get an income or return on investment. Some are the FGN Savings Bonds, Stocks, Real Estate, Gold, Cryptocurrency, Agriculture etc. However, below are some investments that offer inflation protection:

    Real Estate

    Investment in real estate has been profitable and remains lucrative especially in Nigerian urban cities.

    This investment however requires medium to high capital. Nigeria is still a developing Country in the world and the need for housing to match the Country’s increasing population size remains critical, as urban-rural migration continues to increase due to the neglect of development of the rural areas by the States and Federal Government.

    The value of land and property has continued to rise and will continue to appreciate due to the margin between demand and supply as the need for residential and commercial buildings in major cities remains high.


    Investing in gold has remained an agelong golden income space. The value of gold has continued to appreciate over the years because of the importance attached to it all around the world.

    Gold remains an important symbol of wealth and affluence, and can be purchased as bars, coins or jewelries and resold at a higher price over time.

    Bottom line

    A disciplined investor can hedge against inflation risks by investing in the following asset classes that often outperform during high inflationary climates.

    • Debo Adejina – Real Estate,
    • Darlington-Morsi Onyemaka – real estate, growth stocks, and commodities like food, crude oil, and gold (especially gold).
    • Thelma Ugonna Ohiri-Anyanwu, CFA – Gold, REITs, real estate, commodities and a well-balanced stock portfolio.
    • Silas OZOYA – Agriculture and agro-allied ventures.
    • Angela Aya – Real Estate & Gold.

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    Investment Tips

    Retail franchise investment next gold mine for Nigerian investors- CIG

    Retail franchise investment curbs unemployment  and create buffer for people looking for side hustle



    The Choice International Group (CIG) has tasked both unemployed and employed Nigerians to embrace retail franchise investment, as the initiative would curb unemployment in the nation  and create buffer for people looking for side hustle.

    In line with a recent FBDS Study, there are over 450,000 Nigerian career professionals with minimum investible funds of N1 million, looking out for investment opportunities.

    In the majority, these funds are looking for franchise type opportunities for ease of venturing and minimal failure risk.

    As far as CIG chairperson, Diana Chen, is concerned, such investor should look no further but consider the group’s retail franchise investment opportunity, which offers Nigerian community mouth-watering offer of owning Gree & Lontor retail stores.

    According to him, Gree is the world’s residential air-conditioner manufacturer, while Lontor provides high-quality, energy-saving and convenient rechargeable home appliances and lighting products for global consumers.

    He said, “Both brands have been built by the CIG into a world-class electronic retail chain in Nigeria opening no less than 20 brand shops in Lagos and Oyo over the last 18 months.

    “The sales performance of its existing stores in the country makes Gree & Lontor one of the most profitable businesses in Nigeria with yields of an average return on investment of 50% and above per annum.

    “CIG is offering investors the opportunity to own any of six regional logistics centres, or any number of Gree & Lontor brand shops in viable locations across Nigeria.


    “It is the decision of the company to open up these opportunities to the investing public through a Franchise Retail partnership.”


    He added that the company has mapped out two investment models it says are simple, transparent, and hassle-free.

    “The first model involves only six regional logistics centres located across the geopolitical zones in Nigeria.

    “Whoever invests in this will require a capital outlay of $1 million, and become a mega distributor partner of the Gree & Lontor brand, and service a network of brand shops.

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    “The second investment model involves the Gree & Lontor brand shops – retail franchise stores that require an initial capital outlay of N20 million.

    “The investor will secure a store size of 120-150sqm at any choice location, shopping mall, plazas, high streets and even residential neighbourhoods.”

    What they are saying

    Nigeria is a growth market for franchising and franchise development services.

    Gbenga Ajayi, an Entrepreneurship analyst, said, “The retail industry comes second to the food industry among sectors with best franchising opportunities.

    “As with other emerging markets, one of the challenges of franchising in Nigeria remains the strengthening of intellectual-property regimes so that franchise companies can transmit knowledge and franchise system concepts with the confidence that such know-how will be protected.

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