Nigerian HNWIs Collectively Held USD 102 Bn in Wealth as of 2015, States WealthInsight in Its Report Available at

06 Jun 2016 • by Natalie Aster

LONDON – In Nigeria, the volume of high-net-worth individuals (HNWIs) amounted to 15,849 as of 2015, with their combined wealth reaching the USD 102 billion mark.

In 2015, the number of the local HNWIs dropped by 4.6%, following a 2.8% upsurge in the year-earlier period.

Nigeria’s HNWI population is anticipated to increase and reach 17,804 by 2020-end, an increase of 10% YoY. Meantime, their wealth is set to surge by just over 26% to be estimated at USD 131.6 billion.

Comprehensive market research publication “Nigeria Wealth Report 2016” created by WealthInsight is designed to investigate the HNWI and wealth management universe on a national level. The research study focuses on the performance and asset allocations of the country’s HNWIs and UHNWIs during 2011-2015, alongside providing detailed projections through to 2020. All-round background information on the domestic economy is included.

Specifically, the report provides authoritative market size estimates of the country’s HNWIs for 5 wealth bands; HNWI number, wealth and allocation trends (historical ad forecast); HNWIs and UHNWIs’ decisions on how to spread their money across 13 asset types; a breakdown of all foreign holdings geography-wise including an alternative breakdown of liquid versus investable assets; insights into the evolution, challenges and opportunities pertaining to the Nigerian wealth management and private banking marketplace; market size of the industry; details of the private banks; granular family office and wealth management information; and an insightful analysis of the drivers of the local HNWIs’ wealth.

More topical market studies by the publisher can be found at WealthInsight page.


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