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Finance apps in Nigeria to watch out for in 2021

In no particular order, here’s a list of top finance apps to watch out for in 2021.



Finance apps have become a thing in the fintech sector with the acceptance of technology. Technology has warmed its way into the heart of man’s every activity, making life easier. From ordering your favourite pizza to getting your choicest shoe from your dream store, from booking your travel ticket for vacation or baecation to hailing a taxi to chill with the geng, all you need is your smartphone. Boom! At the snap of the finger, it’s done.

In the same manner, technology has also crept into our finance sector giving us a buffet of services to financial freedom with diverse finance apps accessible on our smartphones and other gadgets. These finance apps allow for payment of bills and access to loan facilities, banking services, investment thereby saving us the stress and sweat of the traditional method.

Some of these finance apps have performed tremendously in Nigeria in 2020. And we really think they would perform even better in the coming year. Just in case your new year resolution is to gain financial freedom, here’s a list to help tend to your new pact; ease your finances and help in achieving your set out financial goals. In no particular order, here’s a list of top finance apps to watch out for in 2021.

Top Finance Apps in Nigeria To Watch Out For In 2021


One of the steps to gaining financial freedom is cultivating the saving habit. Many people plan to save but have no idea on how to go about it or how to save effectively; hence the creation of Piggyvest.

Piggyvest, formerly known as Piggybank, is an online savings platform that allows users to save judiciously and be disciplined with their savings. The finance app which started as a savings platform that allows users to save as low as a dollar and restrict withdrawals to promote discipline now doubles as an investment app. The new additions to the app not only allow customers to save but it also helps them make more money.


The Piggyvest app offers several savings and investment products on the app which includes

  • Piggybank: For strict short term savings with options of automated and manual deposits. It offers up to 8% p.a interest.
  • Flex naira: Flexible short term savings for emergencies with free transfers and withdrawals. Allows users to earn up to 8% p.a interest.
  • Safelock: This works like the regular fixed deposit account. It requires stashing away funds without having any access to it for a fixed period you set to avoid temptations. Offers up 13% upfront interest.
  • Target: This helps users to save with discipline towards a specific unique individual or group target or goal.
  • Investify: Allows users to invest in primary and secondary opportunities with up to 25% interest. These opportunities have been vetted and certified to be low and medium risk. Investments under PiggyVest are insured
  • Flex Dollar: This product allows users to save and invest in dollars with an interest rate of 7% per annum. It also allows for instant purchase of Dollars with Naira

With over 100,000 downloads and good ratings, Piggyvest is one reliable finance app you can trust on your financial journey in 2021. 


One of the best things that have happened to the finance sector in 2020 is the increasing adoption of Bitcoin and other cryptocurrencies. Whilst Nigerians are looking to hop on this new digital currency train, they need a reliable channel to fulfil their crypto desires.

Quidax has proven itself to be one of the best crypto exchanges in Nigeria with exceptional services and a mobile app that caters for users’ crypto cravings on the go.

Quidax is an African based crypto exchange established that aims to make remittances across and within Africa easier. As well as to enable users across Africa to access cryptocurrency via its mobile app (iOS and Android) and website.

The mobile app which is user-friendly makes it for users to buy, sell and store cryptocurrency with its instant buy/sell feature. The order book exchange feature permits trading with other people by matching orders.

In 2020 Quidax listed Dash and Tron (TRX) as part of its supported cryptocurrencies in a bid to serve their customers better. Quidax is rated highly for its relatively low charges, detailed FAQs and easy withdrawal/deposit methods.

You can currently buy, sell and store Bitcoin (BTC), XRP, Ethereum, Tether (USDT), Litecoin (LTC), Tron (TRX) and Dash.

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If you are looking forward to buying, selling or storing cryptocurrency, you should consider using Quidax.

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Farmcrowdy is the first digital agricultural platform in Nigeria. It allows users to be part of the agricultural process without actually getting their hands dirty. It was created to increase food production and security in Africa by empowering farmers.

Farmcrowdy platform is one of the best investment opportunities in Nigeria. It makes access and investment in agricultural production easier from the comfort of your home with just a mobile phone.

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Users get to make profits from sponsoring a farmer through the ‘farm shop’ feature and can also monitor the farm through periodic images, text and video updates.

The Farmcrowdy platform makes agriculture a win-win situation for both farmers and sponsors who earn good return for their investments. The farmer profits by selling his farm proceeds at a profitable price.

The vision is to empower over 50,000 farmers by 2022. As it stands now, the platform has recorded over 4,000 farm sponsors and over 80,000 farm sponsorships. Investments are also insured which makes it really safe.


Think investments? Think Trove. Trove is an investment platform that allows you to invest in local and international stocks and bonds with as low as ₦1,000. Heard about little drops that make an ocean?

Trove promotes the investment culture and gives opportunity to even low earners to invest in stocks like Google, Apple and Tesla. Trove has made investing locally and internationally very simple for Nigerians. You don’t need to have billions of Naira to leverage the opportunities in the global economy. You can invest in foreign and local stocks, Government bonds and ETFs through its mobile app with a little sum of money.

Digitalization is taking over and Trove has been able to harness this advantage for its millennial customers. Are you looking to invest with your smartphone? Are you interested in foreign stocks? Then Trove is your go-to app.


Who no like better thing? A platform that allows you to receive or send money to any Nigerian bank account from any part of the world at no cost instantly using Bitcoin definitely is a good thing.


It is also the perfect idea for sending money to family and friends who are in Nigeria or receiving money from clients who stay overseas as a freelancer, especially now when working remotely is on the high side.

The app generates a special Bitcoin wallet address for any Nigerian bank account automatically. All the sender needs to do is enter the recipient’s bank details and the amount to be sent in Dollars or Bitcoin. The app automatically converts and sends the equivalent of the amount in Naira. Whether or not the recipient has an idea of Bitcoin is not necessary.

The app allows customers to sell their Bitcoin at the best market rate they can get. While making free transfers on the app, users can also trade.


Carbon is an easy-to-use and entirely online lending platform that provides short-term loans to individuals and small businesses in Nigeria who need urgent cash or to help cover unexpected expenses.

With Paylater, you can access a loan of up to ₦500,000 with no collateral. Once your application is approved, funds are typically received within 1 – 3 business days.

Repaying your loan on time can help grant you access to higher credit limits for your next loan.

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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NCDC discloses that 4 cases of UK Covid-19 strain found in Nigeria

The NCDC has disclosed that 4 Nigerians have tested positive for the highly contagious new UK Covid-19 strain.



NCDC warns Nigerians against use of chloroquine for COVID-19

The Director-General, Nigeria Centre for Disease Control (NCDC), Dr Chikwe Ihekweazu, has said that 4 Nigerians had tested positive for the highly contagious new UK Covid-19 strain.

According to a report from the News Agency of Nigeria (NAN), this disclosure was made by Ihekweazu at the briefing of the Presidential Task Force (PTF) on Covid-19, in Abuja on Monday, January 25, 2021.

While noting that the discovery of the new strain of Covid-19 in the country was not a surprise due to the frequency of travel between Nigeria and the UK, the NCDC boss stated that those that tested positive included 3 Nigerians who had travelled out of the country, while one was in the country.

What the NCDC Director-General is saying

Ihekweazu in his statement, said, “In the last week, we have had three reports of the UK variant of interest, the B117 strain found in individuals that have left Nigeria to two other countries.

“When they were tested, this strain was found in them within a week of returning to Nigeria. This was reported to us through the international health regulations and it is most likely this strain was acquired in Nigeria.


“With our partners, the African Centre for Excellence in Genomics in Ede, we sent 50 samples to them and one of those samples had the UK variant linked to increased transmission.”

He said that the NCDC would keep intensifying its genomics surveillance and genomics sequencing, in collaboration with its partners, as closing our airports to international flights would not achieve much, so long as the virus was still ravaging in other countries.

He disclosed that the NCDC had rolled out rapid diagnostic test kits, which were used at the National Youth Service Orientation camps, adding that 22,119 individuals had been tested, with 765 confirmed cases, using the RTDs in every state, except Kogi.

What you should know

  • It can be recalled that following the second wave of the outbreak of coronavirus pandemic, the UK government warned of a new strain of the disease which spreads faster and may be out of control.
  • The UK scientists warned that the new variant carries mutations that could infect more children as it spreads, unlike the previous strains.
  • The Federal Government had about a month ago said that the new mutant strain of the coronavirus disease in the UK had not yet been discovered in Nigeria.

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Economy & Politics

Senate President lists benefits of PIB as public hearing on the bill opens

Ahmad Lawan has listed the benefits of the PIB presently before the National Assembly for consideration.



Senate president warns about dangers of youth unemployment, National Assembly to ensure youth empowerment schemes are realized - Lawan

The President of the Senate, Ahmad Lawan, has said that the Petroleum Industry Bill (PIB) which is presently before the National Assembly for consideration and passage will ensure that Nigerians benefit optimally from crude oil production and sale of fossil fuel reserves.

According to a statement that was issued by the Special Assistant, Press to the Senate President, Tabiowo Ezrel, this disclosure was made by Lawan, while declaring open a 2-day public hearing on the bill by the National Assembly on Monday, January 25, 2021.

The Senate President pointed out that the National Assembly in its consideration of the piece of legislation would ensure that the bill when passed into law, guarantees improved revenue earnings for the country.

READ: Investors gain big on Airbnb, now worth over $100 billion

What the Senate President is saying

Lawan in his statement said, ‘’Let me say this, we (National Assembly) will pass this bill not without ensuring that it is a bill that satisfies certain conditions. Nigeria is blessed with these resources, we want Nigeria to benefit optimally from them. In fact, we are in a hurry because we have lost so many years of benefits that we could have had.’’


He, however, noted that the non-passage of the PIB had been a major drag on the industry over the years, significantly limiting its ability to attract both local and foreign capital at a time when many other countries are scrambling to exploit their oil and gas resources.

READ: FG to begin online registration, monitoring of petrol stations, depots

Going further, Lawan said, ‘’The mere knowledge that the nation’s oil industry is still being governed by laws enacted more than 50 years ago is ludicrous and extremely disappointing.

‘’As legislators, we will strive to deliver a Bill that will enhance the growth of our oil and gas industry, modernize our fiscal system and enhance competitiveness, while creating harmony for all stakeholders. This is a promise we have made and that we shall achieve.’’

READ: FG assures oil companies of lower taxes in new PIB

‘’Nigeria must have an oil and gas industry that benefits its people. Equally, our oil and gas industry must be competitive. We must create a sustainable investment climate, where business in the sector will flourish,’’ he said.

He also added that the determination by the legislature to pass the Bill is driven by the need to overhaul a system that has refused to operate optimally in line with global standards, resulting in loss of continental competitiveness, transparency, accountability, good governance and economic loss for the petroleum industry and the country.

The Different chapters of the PIB

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The Senate President revealed that the PIB comprises of 4 chapters that outline;

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  • How to create efficient and effective governing institutions with clear and separate roles for the petroleum industry,
  • Establish a framework for the creation of a commercially oriented and profit-driven National Petroleum Company,
  • Promote transparency, good governance and accountability in the administration of the petroleum resources of Nigeria among others.

READ: Buhari directs FIRS, others to ensure strict compliance of tax payment by foreign firms

Other benefits of the PIB

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He also noted that the PIB upon passage and assent into law by the President;

  • Would foster sustainable prosperity within host communities, provide direct social and economic benefits from petroleum operations to host communities,
  • Create a framework to support the development of host communities among others
  • Establish a progressive fiscal framework that encourages investment in the Nigerian Petroleum Industry,
  • Balancing rewards with risk and enhancing revenues to the Federal Government of Nigeria,
  • Provide a forward-looking fiscal framework that is based on core principles of clarity, dynamism and fiscal rules of general applications,
  • Establish a fiscal framework that expands the revenue base of the Federal Government while ensuring a fair return to investors.

READ: FG invalidates SIM integration using BVN generated NIN, applicants must visit NIMC offices

Lawan assured that the National Assembly during the public hearing would deal with all issues relating to the oil and gas industry with thoroughness and effectiveness so as to avert colossal losses to the nation’s economy.

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Spotlight Stories

Nigeria’s Sparkle partners with Network International for virtual and physical payment cards

Nigeria’s Sparkle signs with payment experts Network International for virtual and physical payment cards.



Nigerian fintech startup Sparkle, a digital ecosystem providing financial, lifestyle, and business support services, has partnered with Network International, to power its recently launched payment card offering.

This is coming months after collaborating with Visa to enable them to issue Visa cards to its users.

Founded by former Diamond Bank chief executive officer (CEO) and tech entrepreneur, Uzoma Dozie with the aim of providing seamless solutions to Nigerian individuals, SMEs, and retailers. Sparkle’s new virtual and plastic debit cards are targeted at SMEs and upwardly mobile, unbanked consumers across Nigeria, bringing them the convenience, flexibility, safety, and security of cashless payments across various channels.

What they are saying

  • According to Uzoma Dozie, “Digital adoption and customer experience are going to be dependent on the people, platform, and partnership. In the area of payment processing and data insights, Network International brings that to our platform, and we are truly excited about the future of the partnership and what it means for the enablement and transformational impact for Nigerians anywhere in the world who are connected to the Sparkle platform.”
  • Also speaking on this new partnership, Andrew Key, Managing Director – Africa, Network International, said, “We are delighted to strengthen our strategic alliance with Sparkle as it seeks to further disrupt the payments offering to consumers and retailers in Nigeria. Building on our two decades of experience within payments and deep insight of the African market, we look forward to deploying our trusted platform and best-in-class technology towards supporting digital and financial inclusion of Nigerian consumers and businesses.”

Sparkles’ collaboration with Network International is based on their shared commitment to further the adoption of digital payments among emerging markets across Africa and the Middle East. Its users can make in-app payments with the new virtual card, and also make e-commerce transactions with the cards attached to their Sparkle profile.

This collaboration will offer Sparkle access to the Network’s years of experience and expertise in creating card solutions for emerging markets. The company can also benefit from Network’s advanced digital infrastructure and robust security protocols, avoiding the need to invest in expensive card management infrastructure.


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