Friday, April 20, 2007

Briefcase Bankers at JPMorgan, Citigroup Put Down Roots as Nigeria Blooms

(Bloomberg) -- Nigeria's briefcase bankers are finally putting down roots.

Investment bankers who until now had flown into Lagos to do deals then retreated to homes in New York or London are now opening offices in the country as record oil revenue, asset sales and a crackdown on corruption spur economic growth. Nigeria may overtake South Africa as the region's largest economy by 2020.


Read more at Bloomberg Exclusive News

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