2021 Domainking Review: Is Domainking a Good Hosting Company?

Is DomainKing a good hosting company?

My article on Domainking review are for individuals who are planning on starting a blog and are thinking of the hosting provider to use or for individuals who have their own blog and are thinking of switching hosting providers and Domainking is one of the hosting providers in their list, in this article I will let you know if Domainking is a good and reliable hosting company or not.

Choosing the right hosting provider for your website is the most important decision before you decide to get your website online, don’t make the mistake of rushing and going for a cheap hosting provider without checking if your website will always be 99.99% online with your provider or not.

After you have Considered all the most important points to look out for in a hosting provider, I will offer you my review on DomainKing hosting provider, who is one of the most affordable hosting providers in Nigeria at this time.

Affiliate disclosure: This post contains affiliate links, we may earn a small commission at no extra cost to you. Please feel free to read our full disclosure.

What is Domainking

Domainking Review

DomainKing.NG is one of the leading domains and hosting providers in Nigeria with really affordable prices. Domainking has one of the best prices for online services and premium support, they have managed to be one of the top hosting providers in Nigeria.

Domainking.Ng started operation in Nigeria since 2008 till now. They are best known for their affordable domain and hosting prices with their domain price starting at just N999 and the least hosting plans cost for as low as N375/mo. You can register almost any available domain extension with them at a much less price than any other hosting providers in Nigeria.

DomainKing was founded in Nigeria but now operates in at least four countries.

Why should I Choose Domainking?

Yeah “Why should you choose Domainking?”

DomainKing is a leading domain name registrar & hosting provider accredited with NiRA (Nigeria Internet Registration Association)

DomainKing.NG claims to provide the cheapest domain names and premium Web Hosting servers in the country. Let me go straight to the point and analyse DomainKing offers and services.

Domainking Review

1. Affordable Hosting Plans with Free Domain

DomainKing Nigeria offers very cheap web hosting plans which start from only N375/month.

There are different 3 shared web hosting plans available on their website that would fit the need of every business or blogger.

a) Soldier Plan (N375/month): I call Domainking Soldier plan the Starter Plan, the Soldier plab is the ideal plan for beginners who are about to create their first blog or website. The Soldier plan is very affordable and caters to all the things needed to start a blog or a website.

Reliable Web Hosting in Nigeria by DomainKing.NG

With the soldier plan you can host 2 websites on it but I won’t advise you to host 2 websites on the Soldier plan due to server load and once you see your website/blog is already receiving huge traffic please feel free to upgrade your hosting plan to Minster or King.

It is currently available for just N375/month with everything included that are Free Domain, Free SSL, Unmetered Bandwidth, and Free WordPress setup and other CMS setups.

If you buy any of the hosting plan with my affiliate links you may get a 10% of discount

b) Minister Plan (N933/month): The Domainking Minister plan comes with all the benefits of the Soldier Plan and also higher features which are not included in the Soldier plan, the Minister plan is suitable for high traffic websites or blogs unlike the Soldier plan.

So, if you think that your website will have more than average traffic for a startup website then you should go for Minister Plan. Also if you started with a Soldier plan initially, you can always upgrade to this plan when you will need more resources.

With the Minister plan you can host 6 websites on it.

The Minster plan is currently available for just N933/month. If you buy any of the hosting plan with my affiliate links you may get a 20% of discount

c) King Plan (N2000/month): It is their highest of the shared hosting plans and it can be tagged as an Unlimited Plan because everything you will get with this plan will be unlimited. It is the best plan for you if you want to host your Ecommerce store or a high traffic blog/website/forum.

Moreover, it also allows hosting of unlimited websites, so you can also get this plan if you are a designer who wants to host multiple websites for your clients.

You can get the King plan currently for N2000/month

Domainking hosting plan Review

If you buy any of the hosting plan with my affiliate links you may get a 20% of discount

Reliable Web Hosting in Nigeria by DomainKing.NG

Domainking also offers 3 different wordpress hosting plans which are:

  • Baby Geek: You can get the Baby Geek wordpress hosting plan for N533/month. The Baby Geek wordpress hosting plan offers a disk space of 1gb, unmetered bandwidth, only 1 free domain is allowed, and it can be used for blogs or website with approx 8,000 pageviews.
  • Senior Geek: You can get the Senior Geek wordpress hosting plan for N1667/month. The Senior Geek wordpress hosting plan offers a disk space of 4gb, unmetered bandwidth, only 1 free domain is allowed, and it can be used for blogs or website with approx 30,000 pageviews.
  • Giant Geek:You can get the Giant Geek wordpress hosting plan for N3000/month. The Giant Geek wordpress hosting plan offers a disk space of 10gb, unmetered bandwidth, only 2 free domains are allowed, and it can be used for blogs or website with approx 75,000 pageviewsParked domains are only available for the Giant geek plan and only 1 parked domain is allowed.

domainking wordpress hosting

domainking wordpress hosting features
domainking wordpress hosting features


Also Read: How to Increase your Google AdSense Earnings

DomainKing also offers VPS hosting, but for now, they don’t offer cloud hosting, or dedicated server packages. Domainking VPS plans are

  • MVPS1: With N19,999/month you can get the MVPS1. The MVPS1 offers the following features; Disk space of 80gb, 4gb memory, 2 CPU cores, 4TB of bandwidth, control panel, free SSL and softaculous included.
  • MVPS2: With N31,999/month you can get the MVPS2. The MVPS2 offers the following features; Disk space of 160gb, 8gb memory, 4 CPU cores, 5TB of bandwidth, control panel, free SSL and softaculous included.
  • MVPS3: With N50,999/month you can get the MVPS3. The MVPS3 offers the following features; Disk space of 320gb, 16gb memory, 6 CPU cores, 8TB of bandwidth, control panel, free SSL and softaculous included.

The VPS Hosting includes Free WHM/cPanel. You will get upto 5X Faster websites with their Ultra Fast SSD VPS servers that come with advanced inbuilt DDOS protection. All of it Fully Managed for you so that you can focus on your business!

Reliable Web Hosting in Nigeria by DomainKing.NG

Every VPS Server Includes:

  • Full Root Access: Complete Control of your server with full Root Access. You are the incharge of your server so you are free to customise your server the way you like.
  • WHM/cPanel Control Panel
  • 5X Faster SSD drives
  • 1 Dedicated IP
  • 1 Click WordPress & CMS Installation
  • Host Unlimited Websites
  • Fully Managed 24/7 Premium Support
  • 99.9% Uptime Guarantee
  • Free Provisioning, Firewall Setup & Security Settings

Domainking vps

2. Free Domains

DomainKing.NG offers free domain with every shared hosting plan you purchase. You can get “” domain for free with Soldier and Minister plan. While King hosting plan also allows you to get a Free “.com” or “” domain name for 1 year.

3. Faster Websites

DomainKing.NG claims to provide super fast web hosting with premium features. They have stated that they provide 5X faster hosting. How?
Here’s how

  • SSD accelerated Servers: DomainKing hosts your website on premium servers that are upto 2 times faster than normal servers that is possible with addition of Solid State Drives (SSD) to the servers. As you all know that SSD is always better than traditional HDD and your website will get a 100% increase in speed by switching to an SSD hosting.
  • LiteSpeed Web Server: DomainKing uses LiteSpeed web server for ultra fast hosting experience. It is way better than conventional Apache server and offers 2X faster websites.
  • Inbuilt Page caching: With LiteSpeed web server you get LS Cache WordPress plugin that gives most optimum page caching in WordPress for best WordPress performance.
  • LiteSpeed clearly outperforms any other caching plugin in the benchmark done by Litespeed Industries Inc.
    So, DomainKing hosting makes WordPress really fast upto 5X. So, you can try DomainKing hosting services if you are looking for cheap web hosting in Nigeria for good website performance

4. Free Hosting Migration:

If you are using any other hosting company that is giving you some problem and you want to migrate to DomainKing hosting, then you have got a good option. DomainKing offers free website migration at zero cost!

All you will have to do is contact their support team to decide on a plan & ask for free migration. You will get complete migration of your website along with all the CMS installations.

5. Affordable Domain Names

Normally the hosting providers that offers you a cheap web hosting usually charge you very high for domain names. But this is not the case with DomainKing.NG, you will get very cheap domain name starting at just N999.

For Registering Domain Names, I trust DomainKing.NG

You can get .com for just N4500, for N999 & .ng for N8899. With every domain name comes a complimentary Free Whois protection, and 2 free custom email accounts.

6. Quick Customer Support:

DomainKing’s support team is available 24/7/365 for helping you. You can reach them via various support channels.

You will get the fastest support from DomainKing because they have the fastest response time in Nigeria even though it’s a very rare feature with Nigerian hosting providers. You will get a reply in 15 minutes max. if you contact via Email support or Ticket support. Live Chat support offers realtime answers for all your sales and support queries.

Also Read: How to Create a Clickbank Affiliate Account

7. Free SSL with all hosting plans

Having a Secure Sockets Layer (SSL) for your website has become really important these days. The fact that major search engines considers it a ranking factor is a good reason to use SSL for all modern websites.

Another reason to consider SSL for your important websites is the fact that most of the browsers throws warning messages if you access an http URL. You will get Free Auto SSL certificate powered by Commodo with every hosting plan on DomainKing.NG.

8. Unmetered Bandwidth

Unmetered Bandwidth is rarely provided by hosting providers in Nigeria. But DomainKing offers unmetered Bandwidth on all of their hosting plans whether it is a starter or premium plan. So, you are never going to see Bandwidth limit exceeded error with DomainKing hosting.

When it comes to server resources, DomainKing.NG allows 25 concurrent MySql connections with the King Plan and 20 on other plans that are more than enough for smooth functioning of a normal website.

9. Free Daily Backups

DomainKing provides you with free daily backup to your website hosted with them. So, if you accidentally delete your website or you lose your data due to any reason. You can always be sure that you will get your website back online asap with free backups in cPanel.

This is an important feature to look out for when seeking an honest DomainKing.NG review. It is a feature that gives them an advantage over most Nigerian hosts. Hardly does a Nigerian hosting company offer a cheap hosting plan with daily backups as an option.

10. Flexible Payment Options

DomainKing offers almost all the payment options that’s highly recognised;

Payment via Card: You can make payments via your debit/credit card for your order to be complete and it will be activated at the same time. DomainKing accepts both Visa cards, Mastercard and Verve cards.

Payment via Bank transfer/deposit: People who don’t have a bank account or debit card for making online payments can easily use the bank deposit or bank transfer option for making payment for their chosen domain name and/or hosting services. You just need to contact their support team with the payment slip and your order will be activated after tracking it.

Paypal: DomainKing also accepts paypal and if you are an international client looking for registering a .ng ccTLD domain name, then you can pay via your card or via paypal.

11. 30 Days Money Back Guarantee:

We know how annoying it is to believe in a service and then be let down later without even getting a refund of the money paid. But DomainKing lets you try their service without any risks!

This is a very attractive feature as it allows you to test their service without the risk of losing anything in case you are not satisfied. But ensure to read their refund policy.

Domainking hosting provider review
Domainking Offers

So back to the question.

Is Domainking a good hosting company?

Yes, Domainking is a good hosting company.


If you are just starting out and looking for a reliable, fast & affordable local hosting provider, DomainKing.NG will surely be a great choice for you.

Feel free to rate your DomainKing.NG hosting experiences or share your own DomainKing.NG review by using the comments box below.

Reliable Web Hosting in Nigeria by DomainKing.NG


2021 CowryWise Review: What is Cowrywise all about

With our cowrywise review, you will definitely get to know the best platform to save and invest your money with.

A lot of people like you come across different online platforms for making money like piggyvest, Cowrywise, etc and you bear this burden in mind to know if these platforms are legit or scam. And this make you anxious to know our cowrywise review.

It’s really a big loss of your money and time spending on a platform that ends up being a scam this prompt for making research before jumping into online platforms in order not to make big mistakes that will make you feel bad at the end of the day.

About Cowrywise

Cowrywise is a financial technology company founded in July 2017. Cowrywise is a registered Cooperative with its assets held and monitored by Meristem Trustees Limited, an SEC-registered company. Cowrywise is run by finance and technology professionals with over 20 years aggregate domain experience. On our team is a CFA charterholder and technology solution architects. You’re rest assured your savings are in safe hands. It aims to ease the process of savings and investments. This is done through its automated savings platform and various investment platforms such as money market funds and mutual funds.

Cowrywise is registered with the Corporate Affairs Commission (CAC) and Lagos State Government as a cooperative and multipurpose society.

Who is the owner of cowrywise? is run by a team of 3 comprising of; Razak Ahmed, Edward Popoola, and Feyisayo Shonubi. Razak serves as the CEO (Chief Executive Officer) of the company, Edward the Chief Techonology Officer (CTO), while Feyisayo is in charge of product design.

CowryWise Review: What is Cowrywise all about

What is Cowrywise?

Cowrywise helps make saving and investing seamless. Cowrywise takes away the stress and planning required to save and invest on a regular basis through its automated and easy-to-use platform. Your savings also generate interests until a set maturity date. For Muslims who just want to save without earning interests, we have the automated halal savings option.

Why should I save on Cowrywise?

Cowrywise is suitable for anyone who:

  • never want to miss their saving and investment goals again.
  • wants to save and invest even while they are asleep.
  • wants the discipline to keep their savings and investments for a long period of time without tampering with them.
  • wants to plan their financial goals with easy to use financial tools.

How are cowrywise able to offer higher returns than traditional banks?

This is simple. We do not have the high-cost base of traditional banks. Our operations are lean, driven by our proprietary technology. We invest our customers’ funds in risk-free instruments offered by the Central Bank of Nigeria, Nigeria’s Debt Management Office (DMO) and a few low-risk investment opportunities such as corporate bonds and high-quality commercial papers. These cost savings are passed to our customers in the form of higher returns.

What kind of debit cards can I use on Cowrywise?

Cowrywise accepts debit cards issued by all Nigerian banks.

How much can I save on Cowrywise?

You can start your saving plans with as low as ₦100 (One hundred Naira). We do not have an upper limit. You have a billion Naira you want to save with us? Please go ahead.

What types of savings and investment plans are available on Cowrywise?

  1. Regular Savings. With this, you can set your savings plan to be daily, weekly or monthly for a minimum of 3 months. You need only to specify this once during the setting up of your plan and Cowrywise will ensure this money is saved automatically on those specified days into your Cowrywise savings plan. You can also choose to manually top up your savings plan randomly with other amounts outside the automated scheduled amount.
  2. Life Goals. These plans help you meet commitments to long term financial goals. These are similar to periodic plans but they have a minimum maturity period of 1 year.
  3. Halal Savings. These are for Muslims who don’t want to earn interest on their savings. They can be set up as periodic plans, life goals, save as you earn plans or fixed plan; but they won’t attract any form of interest.

How many saving plans can I create on cowrywise?

All dreams count, so you can create as many plans as you wish. Housing Plan, Car Plan, Wedding Plan, Education Plan, Children Plan, Vacation Plan and so on. You have the flexibility to give each plan a unique name that resonates with your financial goals.

How long can I keep my savings and investment with Cowrywise?

There is a minimum duration of 90 days and no maximum time limit. You can keep your savings and investment with us for as long as you wish. We make everyday count by making your plans earn returns daily.

What rate of return do I earn on my cowrywise plans?

Our rates are drawn from the instruments we help you invest in. The instruments are treasury bills, commercial papers and government bonds. Before you create a plan, we’ll show you the prevailing rate and how much you stand to earn. Here’s a little secret, it’s always going to be better than your bank’s savings rate.

How do my earnings accumulate on Cowrywise?

For every plan created on Cowrywise, there is a maturity period assigned to it. For each maturity period range, there is an attached interest rate. Remember, we make everyday count by making your savings earn returns daily. This is done by prorating the annual interest rate attached to your plan. That is, a daily breakdown of the annual interest rate is paid on the available balance in your plan(s) each day. Also, as big fans of compound interest, your returns compound annually or whenever you rollover your plan after maturity.

Can I pause my plans in cowrywise?

Yes, you can.

  1. Simply select the plan you wish to pause.
  2. Tap “Edit”.
  3. Tap “Plan Status” to toggle between “Active” and “Pause”
  4. Select “Pause”
  5. Finally, tap “Save” to save the changes you’ve made.

When does my cowrywise saving begin to earn returns?

Your plans start to earn returns the following day after you begin saving on Cowrywise and on daily basis thereafter. Your daily returns are credited to your Cowrywise account by 12 midnight each day.

Can I monitor my cowrywise savings and returns?

Absolutely. Our dashboard was designed with this objective in mind. You can monitor the progress on your savings and investment plans and returns on daily basis on our easy-to-understand dashboard. On the dashboard, you can view the following:

  • Balance: a sum of your current savings and current returns.
  • Current Savings: the total amount of savings you currently have in your Cowrywise account.
  • Lifetime Returns: the total amount of returns you’ve earned since you create a Cowrywise account.
  • Current Returns: the total amount of returns you are yet to withdraw.

Also, we also push instant notifications to your verified email address and phone numbers for key transactions on your Cowrywise account, so nothing goes unnoticed or unapproved by you.

In cowrywise, what is a mutual fund?

Mutual funds pool money from various small investors to make massive investments at once.

In cowrywise, what are the various types of mutual funds?

The common ones being equity funds, fixed-income funds, and balanced funds. Equity funds invest your money in shares of high-flying companies that are carefully selected. While fixed-income funds invest in low-risk investments that are backed by a promise — government debt for instance; in which the government borrows x and agrees to pay back with a certain percentage. Finally, balanced funds. As the name suggests, they mix the earlier options.

How do I invest in mutual funds in cowrywise?

To invest in mutual funds, using Cowrywise, you’ll need to signup and login to take a short risk assessment. The results of this test will help us suggest funds you can invest in. Once you’ve chosen a fund, all you need do is buy some units of the fund to have your money invested in it.

How much interest can I earn with mutual funds in cowrywise?

The world is actually limitless with mutual funds. We have brought together a fine mix of fund managers that offer great rates. Hence, you’ll have to check out the various offerings once you log in.

Are mutual funds better than Cowrywise savings?

Not really. Cowrywise high-interest savings provide guaranteed returns, however, a mutual fund’s returns depend on the fund’s performance. Some funds can lose money while others can give higher returns than savings. What is key to note is that they help spread your money, which is very key when investing.

In cowrywise, does my investment earn interest daily?

Daily, you can monitor how much your fund has earned or lost (if it is a type of fund that invests in stocks).

What is the Systematic Investment Program (SIP) in cowrywise?

This is an automated investment plan allows you to effortlessly invest a fixed amount regularly into a mutual fund daily, weekly or monthly. That way, you can even invest in your sleep. The beauty of this plan is that, in the long term, it helps you benefit more despite the high and low performances of a mutual fund.

How can I redeem my cowrywise investment?

You’’ll have to sell the units you have bought and make a withdrawal request once you are credited in your stash. Once the funds are in your Stash, you can request for an instant withdrawal into your bank account. Please note that the value for sold units reflects in your Stash between 24 to 48 working hours after sales.

What is the Cowrywise Stash?

The stash is a money pool on the app that receives cash from sold mutual funds. Also, you can transfer from any bank account into your stash via bank transfers or USSD. Funds in your stash can be transferred to a savings plan, investment plan or another Cowrywise user. Finally, you can transfer to any bank account for as low as N25

What is the cowrywise management fee?

The management fee is a token the fund manager charges to ensure your invested funds earn money. The fee is deducted from the interest you earn. Finally, the fee is clearly stated on the details of each fund

What is the cowrywise processing fee?

To pay into a mutual fund traditionally you have to pay about NGN100 or NGN52.5 for transfers. In some instances, you even have to follow up with the fund manager to inform them of your payment. We have made the entire process a lot seamless! The payment processor that makes this possible charges a little percentage that is added when trying to buy a fund.

In cowrywise, who is a fund manager?

The fund manager is the professional who oversees the money invested in a mutual fund; to ensure it earns more money. Importantly, they are always registered with the Securities and Exchange Commission.

In cowrywise, who is a trustee in a mutual fund?

Trustees ensure that fund managers invest your money rightly and earn you correct returns.

What does a registrar do in cowrywise?

A registrar, in the case of a mutual fund, keeps a record of those who have invested in a particular fund and the invested amounts.

What is a risk assessment in cowrywise?

Before you invest in any fund, we take you through a risk assessment (test). Based on the results, we suggest the best-fit funds for you. Equity mutual funds are very spicy, that is they are for high-risk investors. On the other hand, fixed-income funds are a little bit spicy, while balanced funds are moderately spicy.

How much do you charge SMS and Maintenance fees in cowrywise?

Cowrywise is completely free: zero SMS fees, zero account maintenance fees.

How secure is my information on cowrywise?

Cowrywise was built with the security of your payment data in mind. Critical customer data is encrypted and securely stored. We do not store your card information as we work with a PCIDSS-compliant payment processor to handle all our customers’ card details. The PCIDSS is a standard guide, globally, that all reputable payment processors must adhere to.

How safe is my money in cowrywise?

In addition to investing your money in risk-free instruments, invested assets are held by Meristem Trustees, a company registered with the Securities and Exchange Commission (SEC), on behalf of savers. These assets are marked to market periodically to ensure customers are not exposed. Think of it as insurance and more

What is the role of Meristem Trustees?

Meristem Trustees is a subsidiary of Meristem Wealth Management Limited. The company was incorporated by the Corporate Affairs Commission as a Private Limited Liability Company in April 2012 and duly licensed by the Securities & Exchange Commission (SEC) to carry out the functions of Trustees in the Capital market in June 2012.

Meristem Trustees holds all invested assets on behalf of savers. This makes your money absolutely safe.

When can I withdraw my money from cowrywise?

You can only withdraw at the set maturity date. You can choose to withdraw some or all of your savings together with interests. You can decide to rollover the plan for another period or withdraw part or whole.

Rolling over matured plans for another period makes it possible to enjoy compound returns.

How can I withdraw my money from cowrywise?

Withdrawing your money is as quite simple and withdrawals are settled almost instantly.

To initiate a withdrawal, do follow these steps:

  1. Log in to your Cowrywise account.
  2. Select your matured plan
  3. Tap “withdraw”.
  4. Enter the amount you want to withdraw
  5. Select the withdrawal destination. You can withdraw into your bank or stash.
  6. Set a new maturity date.
  7. Make your withdrawal. Viola!

Please note that any funds left will be kept in the plan till the new maturity date you set.

If you have not added your bank details, tap “Banks & Cards”. Under “Banks” provide details of the preferred bank account to be credited and save. If withdrawal is not settled after six hours, do send us a message on any of our channels: Twitter, Instagram, Email or Live Chat.

Advantages of using cowrywise

  1. Easy to open: Opening a Cowrywise account took me less than 5 minutes. The instructions are also quite simple.
  2. Entry amount is quite low: Minimum amount one can start saving is N100. Other competitors in the same space have a much higher entry level.
  3. Automated deductions: The selected amount is automatically deducted from the account linked to the ATM card as at when due.
  4. No charges: Cowrywise has no charges for deposits/withdrawals/alerts.
  5. Interest accrued is displayed: Interest accrues on a daily basis and is shown in a dashboard that’s clearly displayed.
  6. Safety of funds: Depositors funds are warehoused with a trustee (Meristem trustees) for safe keeping.

Disadvantages of using cowrywise

  1. Website is not mobile friendly: I eventually had to complete my registration using a laptop as the website isn’t easy to navigate using a mobile phone.
  2. Age Limit: In what appears to be a bug that has not been resolved, the age limit for the profile is put at 1960.
  3. One product: Aside saving, Cowrywise offers no other investment options.

How does cowrywise make money?

Operating online means Cowrywise is able to avoid the costs of running a conventional brick and mortar bank.

How to register a cowrywise account

  1. Visit cowrywise registration page
  2. Fill the registration form and follow the due process

You can watch the video below in case you have any trouble in your registration

[su_youtube url=”” title=”How to register a cowrywise account”]

Alternatives or competition of cowrywise

Cowrywise doesn’t operate alone in this space. Other alternatives include Piggybank offers a mobile app on IOS and Android, but has a higher minimum amount that can be saved. Piggybank also offers a maximum interest rate of 25% paid upfront, if customers are willing to lock a fixed amount.

In Summary

If you are looking for a savings and investment platform in Nigeria, what comes to your mind is Piggybank and Cowrywise, but you may be in dilemma of which one to go for. However, you can check out our review on piggyvest so that you may make up your mind on which platform you need to save and invest your money with and I hope with our cowrywise review and piggyvest review, you will definitely make up your mind on which platform to go for.




2021 Piggyvest Review – The best saving and investment platform to earn online | How Legit is Piggyvest?

With our Piggyvest Review you will get to know if it’s really the best platform to save and earn money online.

A lot of people just like you come across online platforms of making money such as Piggyvest, cowrywise etc and you bear this burden in mind to know if the platform is Legit or Scam. This makes you  anxious to know Piggyvest Review.

It’s really a big loss spending your time and money on a platform that ends up being a scam thereby, not paying you your earnings or not fulfilling their promises at all.

This prompt for making research before jumping into online earning platforms in order not to make big mistakes that makes you feel bad. You can aslo check out how cowrywise review as well.

Brief introduction – Piggyvest Review

Piggyvest was launched in 2016 and has been working for about four years now. It’s Office is located at No.16 Boyle street, Lagos Island, Lagos State.

This platform is said to be the first online savings and investment app/website in West Africa.

Piggyvest renders arrays of service that one will really like to pertake aside serving as platform for saving with high interest.

What is Piggyvest?

PiggyVest (formerly is a simple app that helps you save and invest with ease. With PiggyVest, you can stop spending excessively and put away (and grow!) funds that you do not want to touch.

You can choose to save little amounts of money periodically (Daily, Weekly or Monthly) towards a specific target OR lock away funds for a specified period of time.

We take away the stress by combining simplicity, discipline, convenience, and flexibility to enable you to manage your finances better and achieve financial freedom.

Piggyvest helps you to save money overtime and when you are ready to cash out the money, you get it with interest.

Commercial banks give you a maximum of 4% interest on savings from which you are being charged for ATM card maintenance fees and other fees thereby, reducing earning interest of your money.

With piggyvest you get between 10% to 12% interest for saving your money without any charge and you also receive bonus at regular interval thereby, increasing your earnings.


How Legit is piggyvest?

As at the time this post was written, Piggyvest does not have any record of scam or business failure. It is considered as the first and best when it comes to online savings. to answer the question of being legal, Piggyvest is registered as PiggyTech Global Limited, with RC 1405222. I hope this satisfies your curiosity. Again, Piggy Bank is a product of the microfinance bank policy of the CBN. It is a registered bank with the CBN, Nigeria Insurance Deposit Corporation [NIDC] and everything is insured. It is registered and located at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos, and you can contact them through:Contact Number: 0700 933 933 933, Email:

How it works

Piggyvest Review – The best saving and investment platform to earn online

1. Firstly, Sign up to this amazing platform by clicking here

2. Fill in the registration form and submit.

3. Go over to your E-mail and click on the verification mail sent to you to verify your account.

4. Login to your dashboard and link your BVN

5. Fund your Flex wallet to redeem your your Sign up bonus.

6. Refer friends to earn more, you earn #1000 per referral.

7. You can save your money to earning interest.

8. Finally, You can withdraw your earnings anytime straight to your bank account.

You can watch this video below in order to know how to register a piggyvest account

[su_youtube url=”” title=”How to register a piggyvest account”]

Piggyvest Features

There are amazing features in this platform that enhance earning process with productive results. Stick with me as I take you through this amazing features.


This feature enables you to save money by choosing an amount of money to save from your bank account setting a stipulated date for free withdrawal.

Any attempt to withdraw outside the stipulated date attracts a 5% charge.


SafeLock is a fixed savings option that allows you to earn up to 15.5% per annum, usually paid up front.

Your Safelock acts as your sub-account so that you can transfer and lock funds from your Piggybank wallet or your debit card for at least 10 days, without access to these funds until maturity.

The SafeLock feature is one step further towards curbing the temptation to touch money that you have put aside as your savings.

This feature is similar to a fixed deposit account that allows you to lock funds for a duration of 10 to 1000 days without having access to unlock funds outside the stipulated date. The minimum fund you can SafeLock is #1000 and the minimum duration is 10days.

Piggy Flex

This feature allows you to transfer, accept and build emergency funds easy without charges. It operates on the basis of 10% interest on any amount of money you deposit.

How to fund my flex wallet

To fund your flex wallet, simply link your BVN to your piggyvest account to get your unique Flex account number.

Once this is done Login to your Banking App, go over to transfer funds and input your Flex account number in the required field and select your providous bank as the recipient bank.

Follow through with the required steps for funds to be transferred from your bank account to your Flex account.

Investment Program

This feature allows you to invest in agricultural productions, Farm productions and industries. You can invest a certain amount that will be used to farm and you get paid with a 20% interest after a duration of 9 months.

Piggy Points & Rewards

What are piggy points?

This feature rewards user for saving consistently. For you to qualify for earning points you need to save at least #2,000 at once in your piggyvest wallet.

How do I earn piggy point?

  • N2000 – N4999 = 1 point
  • N5000 – N9999 = 2 points
  • N10000 – N49999 = 10 points
  • N50000 – N99999 = 25 points
  • N100000 and above = 55 points

What can I use my piggy points for?

You can now convert your Piggy Points to cash in your Flex Account

1 Piggy Point = N10.

Referral Program

Piggyvest is a platform where you can earn by referring others to join the amazing platform.

How do piggyvest referral work?

When someone signs up to PiggyVest using your referral link, you and the person you have referred each earn N1000, which is paid into your SafeLock. This matures to your flex account after 10days once the referred user is marked valid.

As a new user, your bonus will be paid into your SafeLock and matures to your flex account 10 days after you have been marked valid.

And your referrals also earn #1000 after a complete sign up and verification.

How to Withdraw

You can easily withdraw your funds at any point in time by requesting withdrawal to your bank account. You can also withdraw your referral earnings provided your referrals have completed the sign up process and verified their account.

Logically if you refer about 30 person’s you will be withdrawing a passive income.

Frequently Asked Questions

When can I withdraw my Piggyvest savings?

You can withdraw for FREE only on set Withdrawal dates. You can set your own FREE withdrawal dates OR you can make use of the PiggyVest quarterly fixed FREE withdrawal dates.

After the request has been made, funds would be sent to your bank account and can also be sent to your Flex Naira account instantly and then you can withdraw to your set bank account anytime.

PS: If you decide to set your own convenient FREE withdrawal date, the next available FREE date will be exactly 3 months from your last free withdrawal day.

When is Piggy bank’s free withdrawal dates?

You can choose your own FREE withdrawal dates on your dashboard.

OR You can use Piggybank’s FREE withdrawal days which are:

  • 31st March
  • 30th June
  • 30th September
  • 31st December

What happens if I withdraw outside Piggy bank’s free withdrawal dates?

Any day outside the Withdrawal days will attract a 5% penalty fee.

Can I choose any amount to withdraw?

Yes, you can, just go to the withdraw page and enter how much you want to withdraw.

How do i withdraw my piggyvest savings?

You need to have filled your bank details in your withdrawal settings then, click on the “withdraw” option on your dashboard, enter the amount you want to withdraw and your funds will be transferred to your set bank account within the stipulated time (not more than 3 working hours).

What is the maximum and minimum amount I can withdraw from my piggyvest account?

The minimum amount you can withdraw from your Piggybank is N3000 and there is NO maximum. You can withdraw all of your funds whenever. However, fixed free withdrawal dates still apply.

PS: You can ONLY withdraw once in 24hours.

Do transfers from piggybank to flex count as a withdrawal?

Yes, transfers from your Piggybank wallet to your Flex account count as a withdrawal

Who is a valid user in Piggyvest?

To be considered valid, a new user must:

  1. Link their BVN and fund their Flex Naira wallet with at least #100 via a direct bank transfer to their flex account number
  2. Fund any other two wallets with at least #1000 each. This could be Piggybank, Safelock, or Target savings wallet.

Once all of these have been done, referral bonuses will be unlocked and sent to your flex account at the maturity date.

Why do i have to add or link my BVN to piggyvest?

Your BVN is required to validate your identity and kick against identity theft. This ensures another level of safety for your funds and transactions.

It also unlocks other features like transfers from your Flex to another user’s Flex account.

What if I no longer have access to the phone number linked to my BVN?

In a situation, where you no longer have access to the phone number linked to your BVN, kindly contact your bank to update the phone number.

How can I check my referrals?

To check the status of people you referred, login to your Piggyvest dashboard, select Account > Earn N1000 per invite > Click on each name to see if they’re valid.

What is the “Delete Promo Safelock” button for?

If for any reason, you no longer want the referral bonus, you can click on this button and the bonus will be deleted from both the referrer and the referred user’s account.

How do I know what plan is right for me?

All of the savings and investment options on Piggyvest are tailored towards a particular need.

  1. If you’d like to regularly put away money for your savings and withdraw only once a quarter, then the Piggybank wallet is right for you. You can set it so that money is taken from your account and you don’t have to worry about saving manually.
  2. If you’re saving towards a particular goal such as rent or travel, Target Savings is a great option. You can invite friends and make it a fun challenge to smash all your financial goals.
  3. If you’re looking for something geared towards the long term, The SafeLock feature is perfect for you. With higher interest rates, you could lock away funds you don’t need access to and make even more money by doing so.
  4. If you’re looking to get started on investments or diversify your portfolio, then pre-vetted, low-risk investment opportunities are regularly available on Investify to help you grow your money.

How do I start saving on Piggyvest?

To start saving on PiggyVest:

  1. Visit the website or download the app to create an account.
  2. Set up your withdrawal account details; this is the bank account that funds you withdraw will get sent to.
  3. Enter your debit card details to activate your account and then make your first deposit. (You may use a MasterCard, Visa or Verve card from any Nigerian bank).
  4. You may now proceed to use any of the Savings Plans to start your daily, weekly or monthly savings.

Are there bank charges when you deduct from my account?

No! it’s completely FREE. There are no bank charges for transferring money to your PiggyVest account.

How much can I start piggyvest with?

You can ONLY save between:

  • N50 – N50,000 daily,
  • N1000 – N200,000 weekly,
  • or N3,000 – N500,000 monthly

However, you can always top up your savings at any time using the Quicksave option which allows you to add up to N500,000 per time.

Is Piggyvest safe?

All financial information is encrypted and stored to PCIDSS Level 1 compliant standards. PCIDSS Level 1 compliance is a set of rules stated by credit card companies and audited by an independent third party.

It is the highest possible rating one can get in the electronic payment processing industry. Additionally, all transmission to our banking partner and on our site is via an encrypted 256-bit HTTPS SSL connection.

Where is Piggyvest office in Nigeria?

Yes! We are located at Tesmot House, 3 Abdulrahman Okene Close, off Ligali Ayorinde, Victoria Island, Lagos.

Contact Number: 0700 933 933 933

Are my card details safe on Piggyvest?

Your security is our major priority, so we work with a PCIDSS-compliant payment processor, Paystack to handle your card details.
Your card details are extremely safe and are warehoused where they can never be compromised.

How secure is my money on Piggyvest?

As, we operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, we acquired Gold Microfinance bank and its license. We are also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555).

All saved funds are warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC).

Do I have to login to my piggyvest account before I can safe my money?

No, everything is done automatically once you have set up your Autosave, except you want to top up your savings using the QuickSave option.
To keep track, all transactions on your debit card will be visible on your dashboard. We will also send an email receipt to you every single time you save with your card, and your bank will send you an alert as well. It’s 100% secure.

What happens if I don’t safe for some days, weeks or months in my piggyvest account?

We WON’T automatically debit your account if you missed any day, week or month and we WON’T charge you either. The QuickSave option is always available for you to manually make up for any lost day, week or month.

Can I pause and continue my piggyvest savings anytime?

Yes, you can, it is up to you to pause or continue the automatic saving any time for free. Login to your account, go to your Savings and select “Turn off Autosave” from the Piggybank savings option.

Can I increase my piggyvest savings anytime?

Yes, you can increase the amount you’re saving at anytime. Simply login and click ‘modify AutoSave instruction’, then edit the amount. You can also edit your frequency to either daily, weekly or monthly.

What if I don’t have funds in my bank account or debit card?

Simple! We will not be able to debit you for that day, week or month. We will only be able to save for you when you have funds in your debit card. However, you have the option to use the “Quick save” option once you have loaded your account.

In Piggyvest, what is quick save and how does it work?

This option basically enables you to add more funds to your savings. For example, if you set N1,000 daily and you miss a day or two, you can use the quick save option to deposit N2,000 or N3,000 at once. This is to ensure you meet up with your savings target.

You can add up to N500,000 at once with this option. However, you can add this multiple times in a single day. For instance, if you want to add N1,000,000, you need to add N500,000 twice.

What is piggyvest investify?

Investify is a PiggyVest feature that allows users to earn more on their savings by investing in pre-vetted, low-medium risk, primary and secondary investment opportunities.

Is my investment insured?

Yes, we make sure that each investment listing on PiggyVest comes with its own protection and coverage.

What is the minimum amount I can invest with in piggyvest?

Investment minimums vary by investment opportunities.

In piggyvest, what is the insurance coverage on the investment?

Insurance coverage varies by investment opportunities.

How can I fund my investment in piggyvest?

You can fund your investment using your debit card and Flex wallet.

How safe is my investment money in piggyvest?

All investment opportunities listed on PiggyVest are pre-vetted for maximum safety. We carry out due diligence on all investment partners.

In piggyvest, what happens to my capital in case of disasters?

All investment options aggregated on Piggyvest Investify have been properly vetted for insurance against loss. However, PiggyVest Extra Protection can be added to your investment for maximum capital safety.

How is my interest paid in piggyvest?

It varies on the opportunity you’re choosing to invest in. Your interest could be paid daily, monthly, quarterly OR at the end of the investment period into your PiggyFlex account.

Does extra capital protection cover both capital and profit?

PiggyVest Extra Capital Protection is an added layer of security provided by PiggyVest that ensures your capital is protected.

In piggyvest, is my investment taxed?

We don’t handle taxation. You, however, are liable to disclose your earnings and pay your taxes as stipulated by the government.

Can I liquidate my investment at anytime?

Yes, you can.

However, to liquidate, you will need to trade the units you have already acquired with other existing investors or potential new investors.

You set the price but a platform commission exists and it varies between 1% – 3% depending on the type of investment.

What interest do i get on my safelock?

SafeLock interests are prorated and paid for the duration you set.

On funds locked for:

  1. 10-30 days, the interest is calculated at 6% per annum and prorated for the duration you set.
  2. 31-60 days, the interest is calculated at 8% per annum and prorated accordingly
  3. 61-90 days, the interest is calculated at 10% per annum and prorated accordingly
  4. 91 days- 2 years, the interest is calculated at 13% per annum and prorated accordingly.
  5. 2 years and above, the interest is calculated at 15.5% per annum and prorated accordingly.

The minimum amount that may be kept in SafeLock is N1000.

In piggyvest, can i have more thank one safe lock?

es, you can have more than one SafeLock; and you can give them different names (purposes) too.

E.g. You can have a SafeLock for your Fees, Wedding; Birthday; Vacation etc.

Is the safe lock different from the normal savings plan?

Yes, your SafeLock is different from your normal savings plan. After initiating a SafeLock for a particular amount of money, your savings plan continues as normal.

It is completely under your control. You set the pace, duration and everything else concerning your SafeLock.

Can I add more funds to my safe lock?

Yes, you can. Simply ensure the duration of the existing locked fund is above 90days. Select the particular SafeLock, click on “Top-up” and enter the amount.

PS: You can only top up your safelock with funds from your Piggybank wallet. Your interest would be prorated and paid based on the remaining days.

How do I get my safelock paid back when the time is up?

Upon maturity, all funds that you have put in Safelock get sent to your Flex Naira wallet.

Can my safelock be unblocked before maturity?

No, funds can only be accessed upon maturity.

In cases where you may want to close your account completely, you’ll have to wait until funds mature from your SafeLock before you can liquidate.

What’s the maximum amount I can safelock?

The maximum amount per Safelock is #100m.

In Piggyvest, what is Target Savings?

With Target Savings, you are able to save consistently towards a particular financial goal. You can create a personal target or a Group savings challenge with your multiple users.

Save for your rent, vacation, a new gadget and even towards starting your new business with Target savings, and earn more money while at it!

How can I activate or create a target savings?

  • Log in to your dashboard and click on the ‘Savings’ sign on the bottom pane of your dashboard.
  • Click on the ‘Targets’ option and then ‘Create a Target’.
  • Select the Target option you’d like, fill in the required fields and save the Target to activate it.

You can invite friends to join your Target at any time.

Can I break my Target savings at anytime?

Yes, you can.

Log in to your dashboard and select the ‘Target Savings’ option on your dashboard. Click on ‘Ongoing Targets’ and then select the target you would like to end. Select ‘Break’.

Funds will then be sent to your Flex wallet, and you will be able to access these funds.

However, if you break these funds before the maturity date, you will lose your accrued interest and also be charged a 1% processing fee. If you do not achieve the target amount by the maturity date, you will only lose your accrued interest.

P.S: You cannot break a locked target. Funds can only be accessed at the maturity date.

Do i get interests on piggyvest?


  1. 10% per annum on Piggybank
  2. Up to 15.5% per annum on SafeLock
  3. 10% per annum on Target
  4. 10% per annum on Flex
  5. 6% per annum on Flex Dollar
  6. Up to 25% on Investify

Kindly note that interest rates are subject to change at any time based on market conditions.

How is my interest paid on piggyvest?

  • Core Savings (Piggybank)- Interest is accrued daily on your balance, and paid monthly (available from the 1st of every month).
  • SafeLock- Interest is paid upfront into your Flex account and you can access it immediately for free.
  • Target Savings- Interest is accrued daily and is paid at the end of your target.

What if I don’t want interest in Piggyvest?

Users who do not want to earn interests on their savings can disable interests.

To do this, simply login to your account, go to Account >> My Account settings >> Interest settings >> Disable Interest on Savings >> Update settings.

How is piggyvest able to afford higher returns?

Our operational costs are relatively low – we do not operate multiple branches or hire a lot of staff to manage operations. We are also able to negotiate premium rates due to volumes.

All saved funds are warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC) which is extremely safe and guaranteed. A portion of the proceeds is then passed on to users as interests on their savings.

What is Flex Naira in Piggyvest?

A Flex Naira account is a flexible savings wallet where interests earned on all other PiggyVest wallets are paid.

You earn an interest of 10% per annum on funds in your flex account but this is subject to a minimum of 4 withdrawals in a month.

If you withdraw more than 4 times a month from your Flex account, you lose all your accrued interest on your Flex savings for that month.

Additionally, you can fund your Piggybank, Target, Safelock, Flex Dollar or Investify using funds in your Flex.

On your free withdrawal days, you can also withdraw from your PiggyBank core savings to your Flex Account.

P.S: You can ONLY withdraw once every 10hours from your Flex account.

Can I withdraw from my Flex Naira account?

Yes! you can! And it’s absolutely FREE.

However, you can withdraw once every 10hours. This is for security reasons and to also encourage financial discipline of our users.

Can I transfer from my flex naira account to my piggybank, core savings?

Yes, you can! Simply click on “Use Funds” and then select the option to transfer back to Piggybank (core savings).

How can I fund my flex naira account?

To fund your Flex account, simply link your BVN to your Piggyvest account to get your unique Flex account number. Once this is done, log into your banking app, input this account number in the required field and select Providus bank as the recipient bank.

Follow through with the required steps for funds to be transferred from your bank account to your flex account.

What is flex dollar account?

Flex Dollar is a feature that lets you save, invest and transfer funds in Dollars.

How can I fund my flex dollar account in piggyvest?

You can fund your Flex Dollar account from your Flex Naira wallet or your bank card.

All you need to do is select an amount in Dollars you would like to purchase, then select a funding source and complete the transaction.

What is the minimum amount I can start with?

You can fund your Flex Dollar account with as little as $1.

Do I get interest on my dollar savings?

Yes! You get up to 6% per annum on your PiggyVest Flex Dollar account.

Interest rates are determined by the market behaviour at any given time.

How can I withdraw from my flex dollar account in piggyvest?

You can withdraw in Naira or Dollars. Withdrawing in Naira will be at the stated parallel market buy rate. When withdrawing in Dollars, the funds are sent to your Dollar-denominated domiciliary bank account.

Are there charges for withdrawing on my flex dollar account?

There are no charges for withdrawing into your Naira account from your Flex Dollar account.
However, payments into domiciliary accounts attract charges which are stated on the platform.

How is interest calculated on flex dollar account in piggyvest?

Interest on your Flex Dollars is accrued daily but paid monthly. You can get up to 6% per annum on the funds in your Flex Dollar wallet.

Interest is also compounded monthly.

Where are the dollar funds domiciled?

Flex Dollar funds are invested in dollar fixed term investments with Anchoria Asset Management, a division of VFD group. Anchoria Asset Management is licensed by The Securities and Exchange Commission (SEC), Nigeria.
Their investment products focus on capital preservation while providing income and asset class diversification.

Can I save with an international card?

No, not for now.

In Summary

If you are looking for a savings and investment platform in Nigeria, what comes to your mind is Piggybank and Cowrywise, but you may be in dilemma of which one to go for. However, you can check out our review on piggyvest so that you may make up your mind on which platform you need to save and invest your money with and I hope with our cowrywise review and piggyvest review, you will definitely make up your mind on which platform to go for.