Banks Rely On Low-Risk, High Return Charges, Fees, Shun Lending

…Analysts Raise Concerns On Banks’ Contribution To Economic Devt Nigerian banks have increasingly be­come dependent on non-interest incomes, especially fees and commissions, for prof­itability. From transfer fees and card main­tenance charges to account alerts and stamp duties, banks have found a gold­mine in transactional banking. Moreover, there are other layers of charges: N50 stamp duties […]