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Online Daily Contribution: The Safest Platform to Use for Online Savings In Nigeria

Gudtalent Chrisent

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saving money on sumobank as a student

Best And Safest Platform For You Online Daily ContriBution 

The need for people to save and stick to a healthy savings culture is very important right now as the situation of the country isn’t helping.

Nigeria is a country with over 200 million people but sad to know that more than 60% of the population is in dare poverty and living on less than $2 per day.

Making money in Nigeria is not easy and very easy to spend and over the past decades, there have been traditional Ajo/Akawo companies who have agents that go round everyday to collect daily contributions from customers.

This is mostly seen around the marketplaces and cities where people don’t want to go to the bank to make their daily savings.

The problem with these traditional Akawo/Ajo people is that giving them your daily contribution can lead to stories as there have been cases of death of the agent, sudden disappearance and loot of customers’ funds by Ajo agents.

People are scared and need a safe and secure online savings platform that will help them save and invest money without stories.

This is where you will get to see digital savings platforms like SumoTrust, PiggyVest, CowryWise and all which have over time have proved to be very trusted brands for online daily contributions.

For us at Entrepreneur Platform, we recommend SumoTrust as everyone here have used it for over a year and can affirm strongly that it is safe and secure to use.

With SumoTrust, your online daily contribution is automatically done without stress and fear of loss of funds.

It is safe and easy to use and have been rated as one of the best online savings platforms in Nigeria… 

All you need to do is; 

  • visit the website at www.sumotrust.com and create a free savings account.
  • Verify your account and link your debit card by clicking on the ‘InstantSave’ button at the main savings wallet or click on Debit card from the account profile section.
  • Click on the AutoSave button from the main savings wallet to activate the autosave in your account. Once you’re done, the system automatically debits your card based on your settings and credit in your Sumotrust account either on a daily, weekly or monthly basis as you have set it.

There is also a unique virtual account number provided to you in the Sumotrust account that allows you to make bank transfers from any Nigerian bank into your Sumotrust account.

SumoBank becomes SumoTrust

Funds deposited using the account number option are credited into your Kick wallet and does not yield interest, to earn interest from it, you will need to move the funds into your Main savings or mission savings wallet and select KICK ACCOUNT as your funding source.

There are other amazing online daily contribution platforms, but in this case, SumoTrust is recommended based on experience. 

They have both Android and iOS apps available on Google Playstore and Apple store as their daily contribution app.

Let me know if you have any questions in the comment section

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I'm that Lazy and controversial entrepreneur, Popularly known for my Quora Secrets. Founder and CEO of SumoTrust, Motute and CrowdFacture. Read about my Bio at personal website. Connect with me on Facebook, Twitter, Google, Linkedin and Instagram.

Business

How To Invest 1 Million Naira In Nigeria – Best 3 Places to Invest

Gudtalent Chrisent

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how to invest in nigeria

While so many people are searching for the best Nigerian investment companies that pay weekly and investment with monthly returns in Nigeria, this article is a short breakdown on how you can invest 1 million Naira in Nigeria and be sure of a good return of investment in a matter of months.

So, if you still have the question of ‘Where should I invest in Nigeria come 2021?’Below are 3 solid recommended investment moves you can make without regrets;

How To Invest 1 Million Naira In Nigeria

  • Invest on SHIFDA on Sumotrust

Sumotrust is a secure savings and investment platform popularly known with a good reputation for helping customers save and invest money. Investing with Sumotrust is already recommended and one of the best investment options in Nigeria. They offer a secure hedge fund program called SHIFDA for high net worth investors with a 24% return on investment per annum.

The minimum investment is 500,000 Naira and you can invest as much as 100 Million Naira.

SHIFDA means Sumotrust high interest fixed deposit account which works like a fixed deposit with a minimum of 6 months maturity and can last as much as 10 years.

To get started with SHIFDA by Sumotrust; 

  • Kindly visit www.sumotrust.com and create a free savings and investment account.
  • Login to your account and navigate to the ‘SHIFDA Wallet’ tab from the menu section.
  • Read through the details and follow the instructions given to invest.
  • Once your Investment request has been approved, go ahead and create a ‘Fixed Savings’ in your account, you will see a notification about your account qualifying for SHIFDA. Kindly fill-up the form and complete the process.
  • On the maturity date, your capital and interest will be automatically released into your Kick wallet where you can withdraw instantly to your Bank.

There are lots of invest-earn-daily on Nigeria platforms, but for the purpose of security; I can’t recommend any of them. However, If you’re looking for where to invest money in Nigeria; Sumotrust should be your best choice because it is trusted and has maintained a good reputation over the years as one of the reputable investment companies in Nigeria.

Related: How to Invest 5 Million Naira in Nigeria.

  • Invest in Cryptocurrency

Cryptocurrency investment is known to be the best investment of the last decade as seen on CNN. However, investing into cryptocurrency can be tricky and will cause you to lose money if you don’t know the right portfolios to hold.

If you’re just getting started, definitely, Bitcoin is one if not the only cryptocurrency to hold onto until you gain deeper knowledge and understanding of investing into cryptocurrency.

With platforms like Truzact, investing in cryptocurrency in Nigeria will never be a problem for you; as you can easily make Naira deposits using your Naira debit card or the virtual account number is given to you and instantly convert it to Bitcoin.

The platform (Truzact) also allows you to save in cryptocurrencies and earn interest on your savings. To start investing into cryptocurrencies in Nigeria, kindly visit www.truzact.com and create an account, fund your wallet, and instantly swap it to your favorite cryptocurrency.

  •  Invest in Foreign Stocks or Buy Eurobond.

The Nigerian stock market haven’t performed really well when compared to the foreign stocks for some reasons like inflation against the Naira and other factors. 

However, investors are resorting to putting their money in foreign stocks where they get to bypass the adverse sides of inflation on the Naira. You can download the InvestBamboo app from Google Playstore or Apple store, fund your account with Naira and buy US stocks directly from the App. 

Understand that the performance of your foreign stock investment is also determined by fundamental and technical analysis just like investing into bitcoin in Nigeria, so you will also need to do your due diligence before making your decision.

Looking at the 3 investment options in Nigeria listed here on how to invest 1 million Naira, Only investing with SHIFDA on Sumotrust promises secure investment and less risk management.

Still have the question of ‘where to invest my money in Nigeria’? Kindly check out the list of top investment opportunities in Nigeria.

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How To Avoid Embarrassment Because You’re Broke By Saving Money

Gudtalent Chrisent

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how sumotrust can save you of money embarrassment

How SumoTrust Can Save You From The Embarrassment of Being Broke

During the lockdown, a lot of Nigerians ran into financial distress and the majority of the people went into debts.

In fact, some people searched around for who to borrow money from but couldn’t get and ended up with a ‘SEE FINISH SITUATIONS’.

Here is the thing, while people complained bitterly about no money and all, a lot of other people that had good savings in the bank or savings platforms like SumoTrust; fell on their savings for backup and emergency funds and were never put to shame of any sort that has to do with money.

Debt is bad and you try to avoid it at all cost unless it’s business.

This is why you should give a second thought about your savings culture especially if you can’t boast of N100k in your savings account right now.

Let me let introduce you to SumoTrust.

Sumotrust savings and investment platform in nigeria

SumoTrust is a secure savings and investment platform helping Africans build wealth through micro-savings and investment.

You earn as much as 10-15% interest for every penny you save with SumoTrust and you can automatically save as little as N100 daily. See it as your digital Akawo or Ajo that people go round every day collecting their daily contributions from customers in the market areas.

It is very secure and you can make transfers as we all money requests.

The platform is very flexible, easy to use, and highly secure with thousands of people already using that platform to reach their financial goals. This is something you should pause a moment and give a thought or make a research about it.

Related: Top Online Savings Platform In Nigeria

You can check out the reviews of SumoTrust on Google Playstore or Apple store here and see what other people that have been using the platform are saying.

There is no honor in being broke the least person you expect to embarrass you will do at the slights opportunity, not because they hate you but something that just happens when you’re broke.

There are tons of time we come across money and other times, run into emergency situations that make us spend money.

The difference in how you respond to both situations is how you manage to save up enough money in times of plenty against times of emergency.

This is one of the reasons why SumoTrust is here for you and you should take it seriously.

All the best.

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Personal Finance

7 Amazing Tips On How To Save Money Better In Nigeria

Ossi Samuel

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