Nigeria has been ranked as the third richest country in Africa with Lagos as the 4th richest city in the continent, according to the 2018 AfrAsia Bank Africa Wealth Report.
The West African country took the position with a value of $222 billion in privately owned assets.
South Africa becomes the wealthiest country in Africa with private property worth $722 billion, and Egypt on second with $330 billion
According to the report, Johannesburg in South Africa was named as the richest city in the continent with $245 billion.
It was followed by the Egyptian capital Cairo with $140 billion; Cape Town also in South Africa took third with $135 billion.
“Total wealth held in the city amounts to US$108 billion. Major sectors include basic materials, real estate and construction, telecoms, transport and financial services,” the report noted.
The report was made by calculating the worth of property, cash, equities and business interests.
A female student from Nile University in Abuja shared a video of her hostel on TikTok The video was posted… Read More
Billionaire businessman Obinna Tochuukwu Iyiegbu, known as Obi Cubana, threw an extravagant birthday party for his wife, Ebele. Despite facing… Read More
Regina Daniels is actively addressing marriage rumors circulating online Recently, she posted a picture with her mother during a visit… Read More
Dbanj shared affectionate pictures with his gorgeous wife, Lineo He posted them on Instagram to celebrate her for International Women’s… Read More
Adeife Adeoya, shared a heartfelt video about the challenges of owning a business The video went viral, showcasing her emotional… Read More
Lagos State Governor Babajide Sanwo-Olu has unveiled Africa's first feature film on Artificial Intelligence, Makemation, on Sunday. The AI film,… Read More
This website uses cookies.