The office located in Ikoyi marked the group’s formal consolidation in Nigeria’s commercial capital, where the bulk of financial market activity, corporate headquarters and institutional capital pools are concentrated. Industry analysts said the expansion underscored the growing importance of physical presence in Lagos for firms seeking to scale in wealth and investment management. Group Chairman, Ibrahim Bala, said the expansion was part of a deliberate growth plan aimed at increasing the firm’s asset base and market share in a sector dominated by a handful of large players. Senior Partner/CEO of KPMG Nigeria, Tola Adeyemi, described the Lagos expansion as a signal of Norrenberger’s long-term intent to compete at scale. “Skills can be learned and markets will fluctuate, but what endures is character and how institutions conduct business,” Adeyemi said, urging financial firms to prioritise trust as they pursue growth.

Source: The Guardian February 16, 2026 05:19 UTC