The blood profits of Nigerian banks, by Michael Owhoko

The blood profits of Nigerian banks, by Michael Owhoko

In a scathing analysis, Dr Michael Owhoko condemns excessive bank charges in Nigeria, linking record profits to customer pain and regulatory failure.

The Blood Profits of Nigerian Banks

By Michael Owhoko, PhD The astronomical rise in banks’ profits as reflected in the 2024 full year financial report has exposed the banking industry as a lucrative enterprise powered by arbitrary charges imposed on unwilling customers. In some cases, these inexplicable fees and other unholy electronic deductions, leave customers to reel on the throes of […]

7 Investment Apps Nigerians Are Using More Than Banks

Once upon a time, investing in Nigeria meant dealing with forms, financial advisors, and often waiting in long queues at the banks. Today, that’s no longer the case. Many Nigerians are skipping the traditional banking route and turning to mobile investment apps that promise better returns, more control, and the freedom to invest from the comfort … The post 7 Investment Apps Nigerians Are Using More Than Banks appeared first on Business Elites Af…