Cowrywise Milestone: 1 Million Stock Trades as Retail Investing Grows in Nigeria
Cowrywise, a Nigerian investment fintech, has processed over 1 million stock trades since launching its Stocks product in 2025.
In Brief
- •Cowrywise, a Nigerian investment fintech, has processed over 1 million stock trades since launching its Stocks product in 2025.
- •The company is introducing a curated stocks feature with analyst-rated companies to help users decide where to invest.
- •Retail participation in Nigeria's stock market has grown significantly, with digital platforms making it easier to buy equities.
- •The average age of retail investors for stocks on Cowrywise's platform is 28.
- •The ongoing Dangote Refinery public offer has driven increased activity on digital investment platforms.
Why It Matters
Cowrywise's achievement of processing 1 million stock trades highlights the growing trend of retail investing in Nigeria. As younger investors increasingly use digital platforms to buy equities, investment fintechs are competing not only on access and ease of trading but also on how they help users make informed investment decisions. This growth is significant for the Nigerian economy as it drives participation in the stock market and supports the growth of Nigerian businesses.
Key Details
- Total Stock Trades
- 1 million
- Retail Participation in 2026
- ₦4.53 trillion ($3.42 billion)
- Retail Participation in 2025
- ₦2.33 trillion ($1.76 billion)
- ASI Index Growth
- 56.93%
- Average Investor Age
- 28
- Dangote Refinery IPO
- ₦2.15 trillion ($1.6 billion)
Context & Background
Cowrywise, founded in 2017, has built its business around savings, mutual funds, and managed investments before adding self-directed stock trading. The Nigerian Exchange (NGX) has seen a significant increase in retail participation, driven by stronger market returns and the ease of accessing equities through digital platforms.
Original Reporting & Sources
VNews is an independent briefing product. Original reporting remains credited to the following publishers:
This brief was synthesized automatically using attributed third-party reporting. VNews is a digital news publication produced under the VContent Group brand and operated by Francis Vincent Sunday in Ghana, independent from the publishers cited above. Read our AI Transparency Policy and Editorial & Corrections Policy.