Imagine starting 2024 with N100,000 in hand and an open mind toward investment opportunities. Fast forward to December 31, 2024—how much would that initial capital be worth? The numbers reveal fascinating insights into how different investment options performed throughout the year, with some bringing in incredible returns while others faltered.
Let’s test the outcome of N100,000 across various investment options, from cryptocurrencies and stocks to savings platforms and Treasury bills.
1. Cryptocurrency Investment options: The High-Risk, High-Reward Leader
Cryptocurrencies took the investment spotlight in 2024, with some delivering astounding returns:
- Bitcoin (BTC): Starting with N100,000, your investment would now be worth N379,587.
Bitcoin’s price skyrocketed from $42,280 to $84,332, doubling in value and proving why it’s dubbed “digital gold.” - Solana (SOL): With an exceptional rise, N100,000 in Solana would have grown to N362,842.90—an impressive return of over 260%.
- Binance Coin (BNB): Another strong performer, BNB turned N100,000 into N380,167.09, showcasing the potential of smart contracts and blockchain ecosystems.
- Ethereum (ETH): Known for its utility in decentralized applications, Ethereum turned N100,000 into N241,354.20, offering a solid return for crypto investors.
2. Nigerian Stocks Investment options: Mixed Bag of Performances
Stocks of top Nigerian companies yielded a wide range of outcomes:
- Oando: The star performer! With a whopping 508.29% return, N100,000 invested in Oando at N10.85/share would now be worth N508,294.93.
- Dangote Cement: With a 49.7% increase, this blue-chip stock grew N100,000 into N149,700, making it a solid, steady choice.
- GTCO Holdings: A recovery in its share price helped GTCO deliver a 40.7% return, growing your N100,000 to N140,700.
- UBA: While more modest, UBA’s 9.67% return still turned N100,000 into N109,677.
- MTN Nigeria: Unfortunately, MTN faced a challenging year, with a 21.3% decline, shrinking your N100,000 to N78,712.
3. Traditional Investments Options: Safe but Limited Growth
For risk-averse investors, traditional options offered steady, albeit modest, growth:
- Treasury Bills (182 Days): N100,000 grew to N119,561.81 in six months.
- Treasury Bills (364 Days): A full-year investment yielded N123,143.93, slightly outperforming its shorter counterpart.
- Savings Platforms (Ladda Savings): Offering a 20% annual return, this turned N100,000 into N121,939.10.
4. Global Stocks: Tech Stocks Shine Bright
Looking beyond Nigeria, international stocks were big winners:
- Nvidia Corporation: Riding the AI wave, Nvidia transformed N100,000 into a stunning N474,804.21, cementing its place as a global tech leader.
Naira to Dollar rate Review
While investments within Nigeria grew in naira terms, the story shifts when we consider the exchange rate. At the start of 2024, N100,000 was equivalent to $110 at an exchange rate of N907.11/$. By year-end, the naira had depreciated to N1,543.29/$, reducing the dollar value of N100,000 to just $65.17.
Investments in cryptocurrencies and global assets like Nvidia helped offset the impact of this depreciation, proving their value as hedges against currency instability.
The Bottom Line
The 2024 investment landscape highlights several lessons:
- Cryptocurrencies remain volatile but can deliver unparalleled returns.
- Stocks like Oando and Nvidia are proof that informed choices can pay off significantly.
- Traditional options like Treasury bills and savings platforms offer security but limited growth.
- Diversification is key—combining high-risk, high-return assets with safer investments ensures both stability and growth.
Making Smarter Moves in 2025
As you plan your investments for 2025, consider the performance of various options and align them with your financial goals. Whether you’re drawn to the thrill of cryptocurrency, the reliability of Treasury bills, or the growth potential of stocks, the power lies in making informed decisions.
Remember, investing isn’t just about numbers—it’s about securing your financial future. So, where will your N100,000 go in 2025?
Visits: 1