Individuals’ financial literacy and awareness have shifted around the world, owing to the rise of digital investment solutions and self-directed investing.
While this shift has been mostly positive, it has also exposed investors to risks such as scams, capital loss, and asset invalidation. These risks have the potential to deter investment and stifle the growth of the financial system.
In Nigeria, relevant regulatory bodies such as the Central Bank of Nigeria, the Securities and Exchange Commission, and the Nigerian Stock Exchange have increased their scrutiny of FinTech companies’ activities.
This article examines investments in an advanced digital age amidst regulatory hurdles and highlights risk-mitigation factors available to ensure investors’ maximum security on digitized investment platforms.