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Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) - Business (4) - Nairaland

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Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Badmod: 11:37pm On Sep 17, 2019
Base1line:
and you still foolishly believed Jonathan & Okonjo lies till date ?
The foolishness of many of you Igbos ehn !

Maybe it's lack of home training that makes you bark at strangers with complete disrespect...
Why abuse me?
Why assume I'm Igbo?...
That being said...
We're talking about a world demographic tools like IMF and the likes of them...
Goodnight.

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by shogsman(m): 11:42pm On Sep 17, 2019
Penboy:


Men.. That California own mad gan..
If you check dustbin, you fit dey pick dollar bills.

Lol it’s not like money is scattered everywhere o,it’s just the business conducted in state is much,it houses many Fortune 500 companies.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Risingblue008(m): 11:50pm On Sep 17, 2019
Wit d magomago and killings coupled wit chronic corruption yet we still dey first-third,na lie

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Odomero8(m): 12:13am On Sep 18, 2019
How Kenya take get that kind huge amount of money, na their 100 meter race give them abi na wetin?
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by executive12: 12:18am On Sep 18, 2019
Sunofgod:
Fake list!

How is it fake?
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by executive12: 12:20am On Sep 18, 2019
14:


Egypt, Nigeria and morocco combined, are still smaller than South Africa. So which country is the most powerful in africa?

South Africa of course.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Emyogalanya: 12:21am On Sep 18, 2019
Sunofgod:
Fake list!
Buhari's Bullet proof. See how you took Buhari's first Bullet on this thread so it wont hit Buhari direct. If only its another person i know you wont shout Fake list. i know you will soon Blame gej/pdp for this one too by throwing up the "16 years " story
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Cousin9999: 12:41am On Sep 18, 2019
Egypt and Morocco? Nonsense. Unless they're counting drug money, human trafficking money, and laundered money.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by TrendVibes: 1:15am On Sep 18, 2019
grin
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Nobody: 1:21am On Sep 18, 2019
This statistics is doctored.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by SmallmebigGod: 1:24am On Sep 18, 2019
Germannig:
9,900 wealthy individuals in a country of 200 million people That is like 0.0000000000000000001% wealthy tongue tongue tongue tongue
its 0.00495% dont be too lazy to press calculator wink

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by CodeTemplar: 2:06am On Sep 18, 2019
CampusGistNaija:
Nigeria is the third wealthiest country in Africa for 2019 — despite being home to billionaire Aliko Dangote

There are two Nigerians on the list of the Forbes top 5 African billionaires ruled by Aliko Dangote.

You would think this would make Nigeria the wealthiest country on the continent.
The new 2019 Wealth Report compiled by AfrAsia Bank says otherwise as Nigeria is ranked as Africa’s third wealthiest nation and Lagos state the fourth wealthiest city.

Nigeria is home to two of Africa’s richest people — Aliko Dangote with $10.3 billion and Mike Adenuga with $9.2 billion — as estimated by Forbes.

However, data from the September 2019 Wealth Report compiled by AfrAsia Bank shows that it is not the wealthiest nation on the continent.

The number one position goes to South Africa with a total wealth of $649 billion. This excludes government funds and includes private wealth (properties, cash, business interests and equities) held by all the people living in each country.

Egypt is in second place with $303 billion while Nigeria follows with $225 billion.

The report cited the following as reasons for Nigeria’s ranking:

Safety concerns and tensions
Outgoing migration of high-net-worth individuals (HNWIs)
Investors running away because of the clampdown on foreign companies like MTN
Decrease in oil prices
Loss of value in Naira compared to the US dollar

City Ranking

Nigeria ranks even lower in the statistics for the wealthiest cities in Africa. In the list ruled by Johannesburg, Capetown (both in South Africa), and Egypt's Cairo, Lagos, Nigeria is ranked the fourth.

Despite being the largest city in the continent in terms of population and Gross domestic products (GDP), Lagos only has a total wealth of $96 billion.

As of December 2018, Africa has a total wealth of $2.2 trillion, 42 per cent of which is belongs to HNWIs. This shows the alarming disparity between the rich and poor.

1. South Africa - $649 billion

2. Egypt - $303 billion

3. Nigeria - $225 billion

4. Morocco $114 billion

5. Kenya $93 billion

6. Angola $69 billion

7. Ghana $59 billion

8. Ethiopia $57 billion

9. Tanzania $57 billion

https://www.google.com/amp/s/www.pulse.ng/bi/finance/nigeria-home-to-aliko-dangote-is-the-third-wealthiest-country-in-africa-for-2019/9dbpvnn.amp
Wealth of nations doesn't necessarily translate into good standard of living. SA and Egypt have more wealth but less population or mouth to feed and cater for and that translates into a better living standard or per capita wealth. Morocco and Kenya have less wealth but when we juxtapose it with their smaller population compared to Nigeria's, they still have a better standard of living.
We haven't factored in the looted portion of this overall wealth into the equation o. Nigeria maybe wealthy but we are equally poor.

3 Likes

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Yankee101: 2:19am On Sep 18, 2019
Add stolen money and we are no 1, 2 and 3. No one go near us
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by AJ10(m): 2:41am On Sep 18, 2019
Kennydoc:

While Johannesburg is richer than the whole Nigeria.

Lagos is the richest state in Africa with $91 billion. Johannesburg wealth is just $76billion

and For ur information Nigeria is leading South Africa in term of wealth with about $200 billion plus.
one idiot dey Asia dey compel list without accurate data and u arguing with put verifying it.. always have benefit of doubt on every news u read bro

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by paradigmshift(m): 2:52am On Sep 18, 2019
zorani:
Seychelles and Mauritius are not here but their GDP is better than all the countries in the list. Rich country poor people will not kill some of this countries like Nigeria.



i love those 2 countries ennnn.
i am planning on how to relocate and even get their citizenship.
do you have any idea bro?
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Susu888(m): 2:55am On Sep 18, 2019
Badmod:
Oga oo...
SA :$ 649B
9ja:$225B

225 × 3 =675

SA economy is three times bigger than ours...
Just 5 years ago under GEJ...we are the biggest economy in Africa...
Thanks to Buhari...ZoneB coming in 3:2:1


And u claim to be educated abi? Please go and read those paragraphs again. Nigeria still holds the position of the largest economy in Africa up till now in 2019.

Some people are painstakingly daft undecided. Maybe u should consider being a Zombie u fish brain mugu... i blame nairaland, alot of people here are touts and agberos all claiming educated. Pls stick to ur lane, its nothing to be ashamed off as not everyone had the same opportunity for school but abeg no dey form intellect when u r ignorant .

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by paradigmshift(m): 3:01am On Sep 18, 2019
shogsman:


USA is too much, the state of California alone is far richer than Africa.


New york is the richest.
Manhattan
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Olominira(m): 3:06am On Sep 18, 2019
Olumyco:
This list seems inaccurate considering the fact that there are many wealthy people in the country which are more than 9,900. Since the calculation is based on private assets like property, cash, business and equity... I doubt if we will be number 3. Its either we are number 1 or number 2. When you look at how Nigeria is structured along wealth creation and business... we will see that there are many millionaires in the country that people dont know about. The Forbes lists of Billionaires in Africa have four black Nigerians there. SA has 4 whites and 1 black.

I think Forbes should take this private wealth calculation up and release an authentic list for us.

When you look at people working in Oil and Gas, Telecom, ICT, Banks etc and even some of our Pastors.... Nigeria cant be third. Nigeria is one of the countries with highest number of private jets in the world and how come this list is putting us as number 3. In terms of number of Entreperneurs, I doubt if there is any country in Africa that outnumbers Nigeria. Talking about mansions of wealthy Individuals in Lagos, Abuja, PH and co.... I doubt if the country's private citizen's wealth put together will now be around $225 billion. The list is inaccurate to me. We should be number 1 or number 2.

Nigeria is a country where her citizens act, talk and behave based on the problem of the country and not the reality and fact on ground. Many people saying Nigeria should be last on the list are saying that because of the country's problem. Now Nigerians have reduced themselves to the level of being tossed about by the country's problem and there is no country in the world without problem. The leaders many of us blame is just as a result of mere ignorance. Nigeria is a country whereby you are free to make it if you want to. You can pick a problem and solve it and make your money. People are coming with solutions to Nigeria's problem and they are making money and many of us are sitting there doing the leadership's blame game... when we know that corruption and co is with we the citizens and it is out of these citizens that leaders are produced. We better have sense and solve a problem and move on. If half of the population is as successful as business tycoons in the country like Dangote, Jim Ovia, Adenuga etc... will our country not be great. The owner of Airpeace volunteered led to help his country and today he is being celebrated. Dangote is solving our refinery problem now. Bishop Oyedepo's University, Covenant is now the fourth best in Africa. Tony Elemelu and co are there doing exploit. Nigeria's greatness lies in the hand of her citizens. The earlier we know this truth, the better for us.

Thanks

Seems you don't know that there are many kids on this platform. Since early this month, many of South Africa newspapers have joined the likes of CNN and BBC in focusing on bad news about Nigeria ��. I'm 100% sure this rubbish report was compiled somewhere in Johannesburg.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Badmod: 3:14am On Sep 18, 2019
Susu888:



And u claim to be educated abi? Please go and read those paragraphs again. Nigeria still holds the position of the largest economy in Africa up till now in 2019.

Some people are painstakingly daft undecided. Maybe u should consider being a Zombie u fish brain mugu... i blame nairaland, alot of people here are touts and agberos all claiming educated. Pls stick to ur lane, its nothing to be ashamed off as not everyone had the same opportunity for school but abeg no dey form intellect when u r ignorant .

Intellectual ZoneB.
Show me where it's written in THIS PASSAGE that Nigeria is the biggest economy in Africa.
I know your dumb ass will refer to this
"
Despite being the largest city in the continent in terms of population and Gross domestic products (GDP), Lagos only has a total wealth of $96 billion"

See the figure below to know your paymaster Score card...
Don't just bark around like a loose Dog.
Goodnight brother.

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Cargoed: 3:47am On Sep 18, 2019
We will continue to be poverty capital until we place our human resource over commodities.

Until then we are actually the porest in Africa.

If 100mill subscribe to dstv at 5$/mth that is $500 mill to south Africa every month.
If 90mill spend 5$/mth on MTN mobilerecharge that is another $500m pto Southafrica.
Now which country gives Nigeria $1bil/mth for services. None. So we are the porest simple.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by soleexx(m): 3:49am On Sep 18, 2019
If you are a born citizen of Nigeria you should have been the happiest human on Earth now.. because to be honest God take his time to bless these country with rich resources... Majorly our cruise oil... Nigeria should have been battling lots of immigrants issue flooding our country...but we are unlucky because of our foolish selfish Leaders... look at dasuki, or single politician stealing 500b dollars... makes no sense
is that not selfish act
pls if you Wana pray for Nigeria... don't ask fo God to bless us rather change the heart of our leaders
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by madjune(m): 4:16am On Sep 18, 2019
So South Africa get money pass Nigeria?

Why blame folks that are there hustling and dying?
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Fallenhunter: 4:39am On Sep 18, 2019
The list is stupid since it is heavily skewed by billionaires. The list should be based on average income and quality of life per person and by that ranking Botswana would be first.

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Chukapage(m): 4:57am On Sep 18, 2019
Wickedfacts:


Direct your stupidity to your elders at home.
just like you have directed the stupidity you inherited from your father to nairaland ode!
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Sola15(m): 5:10am On Sep 18, 2019
Fake list. How did they get to know the worth of each country?! They dug into the accounts of the governments?! Each citizen?!
Nigeria can never be topped by any other country in Africa.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Qoko: 5:15am On Sep 18, 2019
Our politicians funds only can stand at $700B not talk of business moguls, a situation where Atiku shared $10K to each party members only on primary days not talk of his contributions to the party why Saraki did his bit too. #ifyouknowyouknow.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by friendlyadvice: 5:31am On Sep 18, 2019
grin wetin ghana dey do der? This list na scam
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Nobody: 5:39am On Sep 18, 2019
soleexx:
If you are a born citizen of Nigeria you should have been the happiest human on Earth now.. because to be honest God take his time to bless these country with rich resources... Majorly our cruise oil... Nigeria should have been battling lots of immigrants issue flooding our country...but we are unlucky because of our foolish selfish Leaders... look at dasuki, or single politician stealing 500b dollars... makes no sense
is that not selfish act
pls if you Wana pray for Nigeria... don't ask fo God to bless us rather change the heart of our leaders

Dasuki stole 500b dollars?

grin cheesy grin
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by richPHAROAH: 5:53am On Sep 18, 2019
south africa is GIANT of africa. argue with you grandma tot

1 Like

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Oritsewhandey(m): 5:55am On Sep 18, 2019
Sunofgod:
Fake list!
..............
Who told you? That index doesn't respect your mushroom APC party!
It was released by S&P (Standard & Poor)
Please educate yourself more, about them.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Miaraka: 6:18am On Sep 18, 2019
Olominira:


Seems you don't know that there are many kids on this platform. Since early this month, many of South Africa newspapers have joined the likes of CNN and BBC in focusing on bad news about Nigeria ��. I'm 100% sure this rubbish report was compiled somewhere in Johannesburg.
You, yourself are reasoning like a child. How can you even imagine such a thing?
Even then, what has a report that Nigeria or SA is the richest on the continent ever done for the majority of citizens in our two countries? Please start thinking like an adult.

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