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How to Save Dollars on PiggyVest

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How to Save Dollars on PiggyVest 

Are you thinking of beating the Naira fluctuations by saving and investing in the US dollar? That’s a wise choice, seeing as how the dollar keeps rising against the naira. If you wish to save in dollars while in Nigeria, then you need to know the right methods and platforms to save and invest your dollars. PiggyVest is one of the highly recommended platforms to save dollars in Nigeria. 

A recent survey of the foreign exchange market shows that the Naira has been falling continuously against the dollar, and is still likely to fall in the near future. Hence, saving in dollars is a smart investment plan. 

Do you want to know how to save dollars on PiggyVest? Then today’s post is all the guide and tutorial you need to start saving in dollars. In this post, you will find a Step-to-step guide on how open a Piggyvest Flex Dollar account and save your funds in dollars.

 

What is PiggyVest all About? 

PiggyVest is a secure online savings platform that helps users to save and invest their money. They are widely regarded as the biggest online saving and investment platform in Nigeria. 

PiggyVest offers its customers the opportunity to invest in various ventures. On the Piggyvest investment platform, you can get up to 25% return on investments for as little as 9 months or less. You can also get up to a 13% interest rate on your savings. 

There are several ways to save on Piggyvest. You can choose to save as an individual, or as a group. You could also save as a couple with your husband or wife, or save with a friend. There are many different saving plans and savings accounts on Piggyvest for you to choose from, but if you’re thinking of saving in dollars, then what you need is a Piggyvest Flex Dollar account. 

 

PiggyVest Products & Features

There are several products and several cool features on the Piggyvest app. As a newcomer to Piggyvest, you ought to know the different savings and investment methods, so you can make an informed decision on which to join.

  • PiggyBank

Piggybank is a type of savings plan on Piggyvest that lets you save money either daily, weekly, or monthly, depending on your preferred selection. This account permits only 4 withdrawals yearly. 

  • Flex Naira

The Piggyvest Flex Naira account is the most flexible savings wallet on Piggyvest. Here you can earn an interest rate of 8% per annum on the funds deposited in your flex account. However, this is subjected to a minimum of 4 withdrawals monthly. Withdrawing more than 4 times in a single month will result in you losing all your accrued interest on your flex savings for that month. 

  • Safelock 

This is a type of fixed deposit account on Piggyvest. On Piggyvest Safelock, you can earn up to 15.5% interest per annum. 

  • Investify

Investify is an investment platform on Piggyvest that allows you to invest in available investment opportunities. Investify gives you the option of earning more on your savings by investing in various investment opportunities. 

  • Flex Dollar

Flex Dollar is a dollar savings account on Piggyvest. This type of savings account allows you to save in dollars and gain interest on your savings every month. With a Flex account, you can convert the naira in your Flex naira account to dollars instantly. 

 

How Can I Fund My Flex Dollar Account on Piggyvest? 

To save dollars on Piggyvest, you need to know how to fund your Piggyvest Flex Dollar Account. 

You can fund your Flex Dollar Account directly from your Flex Naira wallet, or your bank card. All you need to do is select the amount in dollars you wish to purchase, then fund the account with the equivalent value in naira using either the Flex Naira wallet or bank card to complete the transaction. 

When you’re funding your Flex Dollar account, Piggyvest will convert the naira into dollars and deposit the dollars into your flex dollar account. The minimum amount you can fund your Flex Dollar account with is $1.

 

Is there an Interest Rate for Dollar Savings? 

Yes! PiggyVest offers you interest on your dollar savings. You can get up to 7% interest per annum on your flex dollar savings.

The interest rates on Piggyvest Flex Dollar accounts are usually determined by the market behavior at any given point in time. Hence, the interest rate could become higher or lower depending on the market behavior of the day. 

 

How Do I Withdraw Funds From my Flex Dollar Account? 

You can withdraw the funds in your flex dollar account in dollars or Naira. If you choose to withdraw in Naira, then the exchange will be made via the current market buy rate. 

However, if you choose to withdraw the dollars directly, they will be sent to your US domiciliary bank account. 

NOTE: PiggyVest does not charge any fee for withdrawing funds into your naira account from your Flex dollar account. However, dollar withdrawal into a domiciliary account will attract certain charges which will be displayed on the platform. 

 

How to Save or Invest in Dollars With PiggyVest 

To start saving in dollars on your Piggyvest Flex Dollar account, follow the procedures below: 

  1. Download and install the Piggyvest app on your smartphone (If you don’t already have one) 
  2. Create an account on the platform
  3. Log in to your account after creating the account
  4. On the homepage, tap on the “Savings” icon
  5. Tap on “Flex Dollar”
  6. Tap on the “Fund my Flex Dollar to buy dollars” option on the page
  7. Enter the amount in dollars you wish to buy
  8. Select the funding source. (Either through your Piggyvest wallet or a linked bank card.)
  9. Your funds will be deposited into the Flex account in Dollars.

 

Is it Safe to Save & Invest on PiggyVest?

One of the major concerns that come to mind of every individual when it comes to finances is “is my money safe?”. In this case, you’d probably be wondering if your money is safe on Piggyvest. Well, the good news is, that your money is safe and sound with Piggyvest. 

PiggyVest is duly registered as PiggyTech Global Limited – RC 1405222. They currently own a licensed Microfinance Bank, which they acquired in 2018. 

PiggyVest is also a registered cooperative with the name, Piggytech Cooperative Multi-purpose Society Limited. All funds deposited on Piggyvest accounts are warehoused and managed by AIICO Capital, the leading asset management company in Nigeria. They are registered and licensed by the Securities and Exchange Commission (SEC).

 

Final Thoughts

Saving dollars on Piggyvest is one of the sure ways to earn more money in Nigeria. When you save in dollars on your Piggyvest Flex Dollar account, you don’t need to worry about the Naira fluctuations, rather, whenever the naira drops against the dollar, you earn more on your savings. Give it a try today! Download Piggyvest and start saving in dollars, you won’t regret it.

 

FAQs

 

Is the Flex Dollar account a domiciliary account?

No! The PiggyVest Flex Dollar account is not a domiciliary account. It is a type of savings account on Piggyvest that allows you to save and invest in dollars. 

 

Can I transfer Dollars to my Flex Dollar account?

No! You cannot transfer dollars (USD) externally to your Piggyvest Flex Dollar account. However, you can transfer dollars from one Piggyvest account to another for free.

 

How Can I know the current PiggyVest Flex Dollar rate?

To know the current Flex Dollar rate on Piggyvest, access your flex dollar account, and tap on fund my flex dollar. After tapping on the icon, the current buy rate will be displayed. To know the current sell rate, tap on convert to Naira.

 

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

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Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon   Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.  Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”  

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.
About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

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BANKING

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

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Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills  while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

  • 1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
  • Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
  • Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
  • Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

 

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

 

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

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Bitcoin

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

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IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

 

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

 

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

 

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

 

Core Features of Next-Gen Trade:

  • Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
  • Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
  • Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

 

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

 

Discover More

  • Learn about IUX’s advanced trading solutions: Visit IUX

 

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

 

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.

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