Clunky investment apps push retail investors into riskier territory – Report
- Everyday Nigerian investors captured 1.1% more capital market investments than institutional investors in Q1 2024.
- 80% of retail investment platforms in Nigeria do not meet global usability standards, leading to poor user experiences.
- Nigerians have lost ₦90 billion to Ponzi schemes in the last two years due to weak investor education and poor digital experiences.
The findings of the report indicate a critical need for investment platforms in Nigeria to prioritize user experience and education. Without addressing these issues, the capital market risks losing more investors to informal and risky alternatives, which could undermine the overall growth potential of the market.
