Nigerian millionaires will increase in number by almost 47 percent over the next four years as higher house and stock prices in the West African nation complement a booming economy, according to New World Wealth. The number of people in Africa’s top oil producer with investable assets of at least […]
Author: InvestAdvocate
Ecobank’s Biggest Investor Wants CEO to Quit as Old Board Kept
Ecobank Transnational Inc.’s (ETI) biggest investor repeated a call for Chief Executive Officer Thierry Tanoh to quit after a shareholder meeting yesterday failed to resolve corporate governance issues. “We believe it is in the best interest of the company that he steps down,” Dan Matjila, chief investment officer of South […]
FirstRand Expands Nigerian Presence as Home Growth Slows
FirstRand Ltd. (FSR), South Africa’s second-largest lender, said it’s expanding corporate banking in Nigeria to take advantage of surging growth in the continent’s most populous nation. “We are growing into commercial banking in Nigeria,” Sizwe Nxasana, chief executive officer of FirstRand, said in a phone interview from Johannesburg today, adding […]
