Business News Nigeria | Daily Updates | Nigerian News (original) (raw)
BusinessDay
Jim Ovia swells rank of unlikely entrants into real estate
Jim Ovia, the billionaire founder of Nigeria’s largest bank by market value, has made an unexpected full-time pivot to real estate, betting that luxury residential real estate in Lagos will yield higher returns than commercial lending. Ovia, who concluded a 12-year tenure as chairman of Zenith Bank Plc on May 5, is deploying capital into the premium residential sector through Quantum Luxury Properties Ltd. His...
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