15 Best Ways to Invest 400k and Earn Monthly in Nigeria

Best Ways to Invest 400k in Nigeria
Best Ways to Invest 400k in Nigeria

Nigeria is a wealthy country that provides numerous investment options for its residents, and it has become increasingly necessary to capitalize on these chances now that a single salary is unsustainable.

As one of the most populous black countries, you might be looking for the best ways to invest 400k in Nigeria and earn a monthly income. If this is the case, you have come to the right place. With 400k in hand, you’ve got opportunities to grow your wealth and enjoy monthly earnings. But where should you invest?

Investing your money is a great way to increase your wealth and secure your financial future. However, it’s important to understand that not all investments are created equal. Some are more profitable and less risky than others.

In this article, we will discuss the best ways to invest 400k in Nigeria and earn a monthly income. We will also provide you with some useful tips to help you make informed investment decisions.

Take time to read through TransferXO’s list of – 21 Legit Online Investment Platforms in Nigeria That Pay Daily

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Top 15 Best Ways to Invest 400k and Earn Monthly in Nigeria

Investing in Nigeria can be a profitable venture, but it’s important to know where to put your money to maximize your returns. To help you make an informed decision, we’ve compiled a list of the top 15 best ways to invest 400k and earn monthly in Nigeria.

1. Trade Cryptocurrency

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Trading cryptocurrencies has become increasingly popular in recent years and with good reason. Cryptocurrencies like Bitcoin and Ethereum have seen significant price gains in recent years, making them a compelling investment option. TransferXO is one of the best cryptocurrency trading platforms in Nigeria. 

TransferXO offers a stable and secure platform for trading cryptocurrency. It offers an easy-to-use interface for purchasing and trading bitcoins. To begin trading cryptocurrency on TransferXO, you need to:

  • Open an account: Begin by setting up an account on the TransferXO platform. Fill out the essential information and complete the verification process.
  • Deposit funds: Put money into your TransferXO account. You may typically accomplish this by linking your bank account or using one of the other supported payment methods.
  • Choose cryptocurrencies: Select the coins you want to trade. TransferXO generally offers a wide range of digital assets, offering you a variety of options.
  • Place Orders: Select between a market order (buy or sell at the current market price) or a limit order (buy or sell at a preset price). Enter the essential information and then confirm your order.
  • Monitor Market Conditions: Keep an eye on market conditions and pricing adjustments. TransferXO offers market analysis tools, such as charts.
  • Set the stop-loss and take-profit limits: To manage your risk, try setting stop-loss and take-profit thresholds. These are fixed price levels at which your transaction will be automatically closed to limit losses or maximize gains.
  • Withdraw Profits: If you make a winning trade, you can either transfer the funds to your bank account or keep them in your TransferXO account for future trading.
  • Security Measures: Be mindful of the security precautions. To protect your account, use two-factor authentication, keep your login information secure, and follow best practices.

You can purchase and sell these cryptocurrencies at any moment, according to market conditions. TransferXO also provides real-time market data and analysis to help you make more informed investment decisions. 

Also take out time to read – Best Ways to Invest 50k and Earn Daily in Nigeria

2. Leverage Saving Platforms

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Another wonderful option to invest 400k and receive monthly returns is to use savings platforms. These platforms provide high-interest savings accounts, which can generate a consistent source of revenue. TransferXO is one of Nigeria’s greatest savings sites. 

TransferXO provides a high-interest savings account that is available to all TransferXO account holders. You can make deposits into your savings account at any time, and you will earn interest on your balance each month. TransferXO offers some of the highest interest rates in Nigeria, making it an excellent choice for anyone trying to generate passive income. 

To begin saving with TransferXO, you must first register an account on the platform. After you’ve set up your account, you can fund it using a bank transfer or any other supported payment method. Each month, the interest on your savings account amount is computed and applied to your account balance. 

Check Out the list of – Best Stocks to Invest in 2024 for Short Term in Nigeria

3. Start a Web Design Agency


Starting a web design agency is a profitable business idea that can yield a steady monthly income. With more and more businesses in Nigeria looking to establish an online presence, web design has become a lucrative market. With your investment of 400k Naira, you can get started with setting up a web design agency.

To start, you will need to invest in website design tools such as Adobe Photoshop, Sketch, or Figma. Additionally, you will need to create a website for your agency that showcases your portfolio and services. Once your website is up and running, you can start marketing your services to potential clients.

As a web design agency, you can offer various services such as website design, website redesign, website maintenance, and search engine optimization. With the right marketing strategy, you can attract clients from various industries, including small and medium-sized businesses, non-profit organizations, and government agencies.

One of the advantages of starting a web design agency is that you can work from anywhere, making it a perfect business for remote work. You can also set your rates, thus allowing you to earn a higher income.

Don’t miss out to read – Where to Invest Money in Nigeria With Less Risk

4. E-commerce Store

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Another profitable business idea that you can invest in is an e-commerce store. With more and more Nigerians shopping online, the e-commerce industry has become a lucrative market. With your investment of 400k Naira, you can start an ecommerce store that sells products in a niche market.

To start, you will need to identify a profitable niche market, research the market to determine the products that are in demand and find reliable suppliers. Additionally, you will need to create a website for your e-commerce store that showcases your products and allows customers to make purchases.

One of the advantages of starting an e-commerce store is that you can work from anywhere, making it a perfect business for remote work. You can also set your prices and margins, thus allowing you to earn a higher income.

To succeed in the e-commerce industry, you will need to develop a strong marketing strategy that targets your ideal customers. To reach potential customers, consider using social media platforms, email marketing, and search engine optimization.

You Should Also Read Through Best Ways to Invest 500k and Earn Monthly in Nigeria

5. Open a Small Scale Supermarket

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Opening a small-scale supermarket is a great investment option because it offers a wide range of products that people need daily. You can stock up on household items like toiletries, groceries, and snacks, as well as other essential items like electronics and appliances. 

With a well-stocked supermarket, you can attract a lot of customers who will continue to patronize your business, thereby generating a steady stream of income for you. To set up a small-scale supermarket, you will need to lease a shop in a busy area. You can also opt for a mobile store if you don’t have enough funds to rent a shop. 

Next, you will need to buy goods to stock up your store. It’s important to do market research to find out which products are in high demand in your area, so you can focus on stocking those. You should also consider offering discounts to attract more customers.

Take time to also read: Best Ways to Invest 5k and Earn Monthly in Nigeria

6. Start a POS Business

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Starting a POS business is another lucrative investment option in Nigeria. A POS business involves offering financial services to customers, such as cash withdrawals and deposits, bill payments, and airtime recharge.

With the rise of mobile banking and the increase in the number of people who have bank accounts, POS businesses are becoming more popular and profitable.

To start a POS business, you will need to register with a bank or mobile money operator. You will also need to acquire a POS machine, which can cost between 50k to 150k depending on the brand and model. 

Once you have your POS machine, you can start offering financial services to customers. You can charge a commission on each transaction, which will generate a steady income for you.

Don’t fail to also read: How to Invest 20k and Earn Daily in Nigeria with 9 Smart Ways

7. Fashion Designing Business

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The fashion designing business has become one of the most profitable ventures in Nigeria. With a growing population of fashion-conscious individuals, the demand for unique and trendy fashion items is on the rise. Starting a fashion designing business with 400k can be quite profitable, as it allows for the purchase of essential equipment and materials needed to kick-start the business.

To start a fashion designing business, you will need to have a good eye for fashion and design. You will also need to be creative and have the ability to create unique designs that will appeal to clients. Additionally, you will need to have good marketing skills to promote your brand and attract clients.

One of the advantages of investing in a fashion design business is the ability to work from home. With the advent of technology, it is now possible to connect with clients from anywhere in the world. You can use social media platforms to showcase your designs and attract clients.

Also, you can read through Best Ways to Invest 1000 Naira and Earn Daily in Nigeria

8. Photography

Photography is another lucrative investment option in Nigeria that can yield monthly returns. With the increasing use of social media platforms, the demand for high-quality photographs has increased. Starting a photography business with 400k can be quite profitable, as it allows for the purchase of essential equipment and materials needed to kick-start the business.

To start a photography business, you will need to have a good eye for capturing beautiful moments. You will also need to have technical skills to operate the camera and editing software. Additionally, you will need to have good marketing skills to promote your brand and attract clients.

The profitability of a photography business depends on various factors, such as the quality of your work, pricing, and market demand. It is essential to conduct market research to identify your target audience and their preferences. This will help you to tailor your services to meet their needs and increase your chances of success.

Those who read this also read: 15 Best Ways to Invest 300k and Earn Monthly in Nigeria

9. Start Digital Marketing 


Investing 400k in starting a digital marketing venture in Nigeria can yield substantial monthly returns. In a tech-driven era, businesses rely heavily on online visibility. 

Establishing a digital marketing agency allows you to tap into this demand, offering services such as social media management, SEO, and content creation. With Nigeria’s growing internet penetration, businesses seek effective online strategies, creating a lucrative market. 

Your initial investment can cover essential tools, advertising, and skilled personnel. Leveraging diverse online platforms, you can reach a broad audience, attracting clients across industries.

As businesses increasingly prioritize digital presence, your venture has the potential for sustained growth, making it a strategic and profitable investment.

As an online vendor, you should also read: 15 Best Ways to Invest 250k and Earn Monthly in Nigeria

10. Printing and Graphics

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Investing 400k in Printing and Graphics in Nigeria can be lucrative due to the country’s growing demand for promotional materials, packaging, and branding. With businesses constantly seeking effective ways to market their products, the printing industry plays a pivotal role. 

Your investment can be channeled into state-of-the-art printing equipment, allowing you to offer high-quality services. Collaborating with local businesses and establishing a reliable client base can lead to consistent monthly earnings. 

Additionally, diversifying into graphic design services can further enhance your revenue stream. As Nigeria’s economy continues to expand, a well-managed Printing and Graphics venture has the potential to provide sustainable returns on your investment.

Don’t fail to read: 15 Best Ways to Invest 15k and Earn Monthly in Nigeria

11. Waste Management Business 

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Waste management is a growing industry in Nigeria. With a population of over 200 million people, there is a lot of waste that needs to be managed. Investing in a waste management business can be a great way to make money while also making a positive impact on the environment. 

To start a waste management business, you’ll need to invest in equipment such as trucks and bins. You’ll also need to hire staff to collect and dispose of the waste. Once you have everything set up, you can start generating income by charging a fee for your services. 

One of the great things about waste management is that it’s a recurring business. People will always generate waste, which means there will always be a demand for waste management services. This makes it an excellent long-term investment. 

Those who read this also read: 15 Best Apps to Invest Money in Nigeria

12. Bakery Business 

Another great investment opportunity in Nigeria is the bakery business. Nigeria has a large population that loves baked goods, which means there is a lot of demand for bakery products. 

To start a bakery business, you’ll need to invest in equipment such as ovens and mixers, as well as ingredients such as flour and sugar. Once you have everything set up, you can start generating income by selling your baked goods. 

You can sell your products in a physical store or online. You can also offer catering services for events such as weddings and parties. One of the great things about a bakery business is that it’s a low-cost investment. You don’t need a lot of capital to start a small bakery. You can start small and grow your business over time. 

You can also read this article: Best Ways to Invest 20k and Earn Monthly in Nigeria

13. Vegetable Farming

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Vegetable farming in Nigeria can be a profitable venture, especially if you have the right knowledge, expertise, and resources. With a capital of 400k, you can start a small-scale vegetable farm that can generate a steady income. The key to success in vegetable farming is selecting the right crops to grow, and cultivating them properly. 

Some of the most popular vegetable crops in Nigeria include tomatoes, peppers, okra, and onions. These crops are always in high demand and can be sold in local markets or to supermarkets, restaurants, and other buyers.

To start a vegetable farm, you’ll need to identify a suitable plot of land, preferably in an area with good soil, water supply, and access to markets. You’ll also need to invest in basic farming tools and equipment such as hoes, rakes, irrigation systems, and fertilizers. 

Once you’ve planted your crops, you’ll need to monitor them closely and take care of watering, fertilizing, and pest control. With the right management practices, you can expect to see your crops mature in a matter of weeks or months, depending on the crop.

You can start an Vegetable Business if you go through this article: 15 Best Ways to Invest 25k and Earn Monthly in Nigeria

14. Start a Blog 

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Another way to invest 400k and earn monthly in Nigeria is by starting a blog. Blogging is a popular way to make money online and can be done from anywhere in the world. The key to success in blogging is to identify a niche that you are passionate about and create high-quality content that appeals to your target audience. 

To start a blog, you’ll need to identify a domain name and hosting provider and set up your blog using a content management system such as WordPress or Blogger. You’ll also need to create high-quality content that is engaging, informative, and shareable. This can include articles, videos, infographics, and other types of content that appeal to your target audience.

Once you’ve created your blog, you can monetize it in several ways, such as through advertising, affiliate marketing, sponsored content, and selling digital products. Selling digital products such as e-books, courses, or webinars can also be a lucrative way to make money from your blog.

15. Start a Small Logistics Business 

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Logistics involves the movement of goods from one place to another, and it’s a crucial part of the economy. By starting a small logistics business, you can tap into this growing market and earn profits. 

Once your logistics business is up and running, you can generate income by offering delivery services to individuals and businesses. You can charge fees based on distance, weight, or volume of goods transported. As your business grows, you can expand your services to include warehousing and distribution. 

One of the benefits of starting a logistics business is that it’s a low-risk investment. The demand for logistics services is high, and with the right strategy, you can generate steady returns. Additionally, you’ll have the flexibility to set your working hours and manage your business according to your preferences. 

Take out time to read – 15 Best Ways to Invest 300k and Earn Monthly in Nigeria

Where to Invest 400k in Nigeria for a Passive Income

In 2024, TransferXO stands out as the premier option for a 400k investment, providing unmatched opportunities for passive income. With state-of-the-art technology, diverse investment choices, and a steadfast dedication to user success, TransferXO is more than a platform – it’s your ally in financial growth. 

TransferXO distinguishes itself through a wide array of investment opportunities, catering to various interests such as the conventional stock market, real estate, and cutting-edge fintech innovations. 

TransferXO platform provides a thoughtfully curated collection of investment channels, meticulously evaluated for their ability to yield significant passive income.

TransferXO provides cutting-edge analytical tools, converting data into actionable insights for predictive analytics, market trends, and performance forecasts. Your 400k investment is backed by a dedicated team of financial experts offering personalized advice aligned with your goals and risk tolerance. 

Whether you seek a comprehensive investment plan or specific guidance, TransferXO’s customer support is ready to assist. With robust security measures, your investments and personal information are safeguarded in the online landscape. 

Other Services Offered by TransferXO

TransferXO doesn’t just stop at investments. Here are some additional services they provide:

  • Bill Payment: Easily pay your bills online through TransferXO’s platform, streamlining your financial obligations.
  • Cross-Border Payment: Seamlessly send money across borders, saving you time and hassle with TransferXO’s efficient cross-border payment solutions.
  • Gift Cards: Give the gift of choice with TransferXO’s selection of gift cards, allowing recipients to choose from a variety of retailers and experiences. 

TransferXO is unrivaled in terms of user-centric design, comprehensive investment possibilities, advanced analytical tools, exceptional customer service, and unrelenting dedication to security and transparency.

Become part of the TransferXO community and start a path to financial success, where your investment aspirations aren’t just achieved but surpassed.

Check Out the TransferXO’s list of – 15 Best Ways to Invest 250k and Earn Monthly in Nigeria

Factors to Consider When Making Monthly Income Investments in Nigeria

As you are looking to invest 400k in Nigeria for monthly income, there are certain factors you need to consider to ensure a profitable investment. Here are some important considerations to bear in mind:

1. Business Type

The type of business you invest in is crucial in determining the amount of monthly income you can expect. Some business types are more profitable than others, and it’s important to do your research before investing. Some profitable business types in Nigeria include agriculture, real estate, and technology.

2. Management

The management of the business is crucial in determining its success. You want to invest in a business that has competent and experienced management. Look at the track record of the management team and their ability to make sound business decisions.

3. Financial Health

The financial health of the investment is also an important factor to consider. Look at the financial statements of the business to determine if it’s profitable and can generate monthly income. You want to invest in a business that has a strong financial position and the ability to weather economic downturns.

4. Return on Investment

Lastly, you want to invest in a business that has a good return on investment (ROI). Look at the potential return on investment and compare it to other investment opportunities. You want to invest in a business that has the potential to generate consistent monthly income and provide a good ROI.

Don’t miss out to read – Best Ways to Invest 1000 Naira and Earn Daily in Nigeria

Tips to Help Make Informed Investment Decisions 

As a potential investor, it is important to make informed decisions when putting your money into a project or company. Here are some tips to help guide you in making smart investment decisions:

1. Research the company or project thoroughly

Before investing, it is important to conduct thorough research on the company or project you are considering. Look at their financial reports, management team, competitive landscape, and overall industry trends.

2. Understand the risks involved

Every investment comes with a level of risk, and it is important to understand the potential downside before committing your money. Look at the worst-case scenarios and assess whether you can handle the potential losses.

3. Diversify your portfolio

It is important to diversify your investments across different sectors and industries to minimize risk and increase your chances of success. Avoid putting all your eggs in one basket.

4. Stay up-to-date with market trends

Keep track of market trends and changes in the industry to make informed decisions. Follow news outlets, attend seminars and conferences, and stay connected with other investors to stay in the loop.

5. Set realistic goals

Determine your investment goals and set realistic expectations. Don’t expect to make a quick profit overnight, and be prepared to hold onto your investments for the long term.

By following these tips, you can increase your chances of making smart investment decisions and achieving your financial goals. Remember to always do your due diligence and stay informed to minimize risk and maximize reward.

Understanding Your Risk Tolerance

Investing can be an exciting way to achieve your financial goals.  But, before you leap in, you should take a step back and examine your risk tolerance. This is more than just a fancy financial word; it’s the foundation for creating a successful investment portfolio.

Before diving in, you should evaluate your risk tolerance. Are you willing to accept market volatility in exchange for potentially larger returns? Alternatively, do you value the safety and security of your primary investment?  This will have a huge impact on which investing options are suitable for you.

Understanding your risk tolerance allows you to make informed investment decisions that are in line with your financial objectives and emotional well-being.  This self-awareness will act as a compass, leading you to a successful and enjoyable investment experience.

With that said, let us have a look at the best ways to invest your 400k in Nigeria and produce a monthly return.

Related Article – 15 Best Ways to Invest 15k and Earn Monthly in Nigeria

Frequently Asked Questions 

What are some ways to invest 400k for monthly returns in Nigeria?

One option is to invest in cryptocurrency trading and high-yield savings accounts. These can provide regular monthly income through dividends or capital appreciation.

Are there investment platforms in Nigeria suitable for earning monthly income with a 400k investment?

Platforms like TransferXO can offer monthly payouts. Research reputable ones with a track record of consistent returns.

Can I invest 400k in a small business and expect monthly profits in Nigeria?

Yes, investing in a well-researched and viable small business can yield monthly returns. Ensure thorough due diligence before committing.


When deciding how to invest $400k in Nigeria to create a monthly income, it is critical to diversify and investigate multiple choices. Cryptocurrency trading and high-yield savings accounts can generate consistent returns. 

Exploring options for small company initiatives might also provide additional revenue. Remember to undertake extensive research, seek advice from financial experts, and always consider risk before making any investment decisions to ensure long-term financial stability and growth.

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