Nigeria’s
financial services sector yesterday received a boost as investments totaling
N16.2 billion (US $100m) from a new fund LeapFrog Investments would be invested
in the sector.
economyLeapFrog
Investments said it has raised a freshN65 billion (US $400m) fund to invest in
financial services companies in Africa and Asia , out of which N16 billion is
expected to be invested in Nigeria , which was selected as a priority country.
Vanguard
gathered that the N65 billion (US $400m) fund will be invested in high growth
businesses in Africa and Asia.
The
fund as gathered is backed by many of the world’s leading development
financiers, insurers, reinsurers, pension funds and asset managers.
LeapFrog
is
