How to Invest in the Nasdaq 100 From Nigeria

If you've ever watched companies like Nvidia, Apple and Microsoft grow and wished you owned a piece of them, the Nasdaq 100 is one of the simplest ways to get in on all of them. You simply invest in a fund that tracks the index, such as QQQM or QQQ and watch your money grow. Below, we'll walk you through what the Nasdaq 100 is, how to invest in it from Nigeria on Raenest and risks worth knowing before you start.

What is the Nasdaq 100?

The Nasdaq 100 is a list of the 100 biggest companies on the Nasdaq stock exchange(an American stock exchange and the world's first fully electronic stock market) minus the banks. Some are American, some are international, and you probably use a lot of them every day: the phone in your hand, the search engine you open first, the online store you order from.

About 61% of the companies on the list are technology companies, around 13% are communication services and about 10% are  consumer brands. Nvidia, Apple and Microsoft are the three biggest names, and the top 10 companies make up roughly half the fund.

🔗 Want to know more about some of these companies? Read 10 U.S. Stocks Every Beginner Investor Should Know, see how to buy Apple stock from Nigeria, or catch up on the latest US IPOs in 2026.

You can't buy an index directly, so you buy a fund that holds all 100 companies for you. The best-known are QQQ and QQQM, both run by Invesco. They're ETFs (exchange-traded funds), so you buy and sell them like a regular stock, and one share gives you a small piece of every company in the index. 

🔗Here’s more about ETFs

How to buy the Nasdaq 100 on Raenest

Now that you know how it works, here’s how to buy Nasdaq 100 in Nigeria using Raenest.

1. Create and verify your account. Download the Raenest app and complete identity verification. 
2. Fund your Trading Wallet. Navigate to stocks, click buy stocks and move money in from your NGN, USD, GBP or EUR balance.
3. Search for QQQM or QQQ. Open Stocks, search the ticker and check the fund page.
4. Enter your amount. You can start from $2, because Raenest supports fractional shares.
5. Place your order. The market is open from 2:30 pm to 9 pm WAT while the US is on summer time. From 1 November 2026 to 14 March 2027, it's 3:30 pm to 10 pm WAT. Orders placed outside these hours go through when the market opens.
6. Set up Auto-Invest if you want to buy regularly. Choose a weekly or monthly schedule and an amount, and Raenest buys for you each time. Buying a fixed amount on a schedule spreads your purchases across good and bad market days.

🔗 Investing regularly is one of the habits that pays off most over time. Read 5 Long-Term Investment Habits That Every Nigerian Should Start Today.

Why buy the Nasdaq 100 on Raenest

Raenest gives you access to more than 4,000 US stocks and ETFs from the same app you already use to receive, send and manage your money. For a Nasdaq 100 investor, that means:

• A small starting amount. Fractional shares let you start from $2 instead of paying for a whole share.
• Funding from your existing balance. Move money into your Trading Wallet from your NGN, USD, GBP or EUR balance.
• Auto-Invest. Buy on a weekly or monthly schedule without having to remember.
• AI-powered summaries that help you follow what's moving in the market and in your portfolio.

When you're ready to buy, Raenest lets you invest in QQQM or QQQ in the same app where you manage your payments, starting at $2. Start investing in US stocks and ETFs on Raenest today.

Frequently asked questions

1. Can I buy the Nasdaq 100 directly from Nigeria? 

You can't buy the Nasdaq 100 directly, but you can buy a fund that tracks it. QQQ and QQQM both hold the companies in the Nasdaq 100, and you can buy either on Raenest.

2. How much do I need to start?

 You can start from $2 on Raenest, because you can buy a fraction of a share.

3. Should I buy QQQ or QQQM? 

Both track the same index. QQQM charges a lower annual fee (0.15% against 0.18%), which suits most long-term investors. QQQ trades in bigger volumes and is popular with active traders.

4. Does the Nasdaq 100 pay dividends?

 Yes, but they're small. QQQM yields about 0.43% a year, and the US withholds 30% of dividends paid to Nigerian investors.

5. What's the difference between the Nasdaq 100 and the S&P 500?

 The S&P 500 covers 500 large US companies across every sector, including banks. The Nasdaq 100 includes 100 Nasdaq-listed companies, excludes financial firms, and leans much more heavily on tech.

6. Is it safe to invest in the Nasdaq 100 through Raenest?

 Raenest's investment feature is offered with City Investment Capital Limited, a firm licensed by the SEC Nigeria, and your US investments are held with Alpaca Securities LLC, a member of FINRA and SIPC. Like any investment, the value of your holding can go down as well as up.

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Disclaimer: Raenest is not a broker-dealer, investment adviser or member of FINRA. Securities offered by Alpaca Securities LLC ("Alpaca Securities"). Alpaca Securities is a member of FINRA and the Securities Investor Protection Corporation. Raenest does not recommend any specific securities or investment strategies. Investing involves risk & investments may lose value, including the loss of principal. Past performance does not guarantee future results. Investors should consider their investment objectives and risks carefully before investing. U.S. stock investments are held with Alpaca Securities LLC, a U.S.-licensed broker-dealer regulated by the SEC and FINRA. Your assets are custodied under strict regulatory and security standards, and you retain full visibility into your holdings and performance at all times. The investment feature is offered in partnership with City Investment Capital Limited, a firm licensed by the Securities and Exchange Commission of Nigeria.

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