Mobius Placing Biggest Wagers on Nigeria for Frontier Rally
This article is for subscribers only.
Mark Mobius, chairman of Templeton Emerging Markets Group, is predicting Nigerian stocks will outperform the least-developed markets as Africa’s most populous nation expands faster than peers.
“Nigeria is very, very important,” Mobius, 77, who oversees about $53 billion, said in an interview in Lagos, Nigeria’s commercial capital on Jan. 15, without saying whether he has added to Nigerian holdings. “You’ve got a vibrant and growing middle class, a big consumer population, a young population that will be consuming more and more.”