Investing in Nigerian Stocks
Investing is essential if you want to increase your money and stay up with Nigerian inflation. Over time, inflation reduces the purchasing power of money. The value of your salary savings will therefore decrease every day if you do not invest in a reliable instrument.
DID YOU KNOW THAT…
Nigeria’s inflation rate rose to 16.1% in 2022. Nigerian urban inflation in March 2022 increased by 16.44 percent over the same period a year earlier, while rural inflation rose by 15.49 percent. Nigeria had one of the highest inflation rates in the world in 2020. In total, it was predicted that the rate would rise to 11.5 percent in 2027. Scary right?
HOW DO YOU BEAT INFLATION?
To grow money and to beat inflation, one needs to consider investing. Investing is increasingly becoming a necessity for those who do not want the value of their money to depreciate over time. Investing is a successful approach to use your money and possibly increase your fortune. Your money may grow in value and outpace inflation if you make wise investment decisions. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential.
Now we know that most people invest — invest in foreign stocks and products, but did you know that investing in Nigerian stocks has good security and steady growth of your portfolio as a bonus well amongst other pros…
On Wealth.ng, you can Diversify your portfolio across different asset classes such as Stocks, Treasury Bills, Wealth Cash, Bonds, Eurobonds and Agriculture. You can Invest in currencies such as Naira and Dollars without the risk of diminishing potential returns. Doesn’t this sound cool?
Stocks seen reoccurring in many analysts BUY lists for 2022, which investors should actively consider in their equities portfolio this year include Dangote Cement, MTN Nigeria, Lafarge Africa, GTCO, Nestle Nigeria, Zenith Bank, BUA Cement, BUA Foods, UBA, Fidelity Bank, Access Bank, Stanbic IBTC Holdings, and Flour …
You have access to all these and more on Wealth.ng and with as little as the value of a stock, you can start your investment journey. Remember, the plan is to create wealth, beat inflation and attain financial freedom. Who doesn’t want to “chop life eh”?
Start investing today!