DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xqxjfv/wealth_in) has announced the addition of the "Wealth in Nigeria: The Future of Nigerian HNWIs" report to their offering.
This report provides a comprehensive review of the wealth sector in Nigeria, including HNWI trends, wealth management trends and luxury trends in the country.
- Independent market sizing of local HNWIs across five wealth bands.
- HNWI volume, wealth and allocation trends from 2007 to 2013 (the review period).
- HNWI volume, wealth and allocation forecasts to 2017.
- HNWI and UHNWI asset allocations across 16 asset classes.
- Details on offshore funds and where they are held.
- Demographics including age, city and sector breakdowns of HNWIs.
- Size of local wealth management industry.
- Largest domestic private banks by AuM.
- Detailed wealth management and family office information.
- Review of luxury and collectables industry in country.
- Insights into the drivers of HNWI wealth.
- Nigeria has the 3rd highest number of HNWIs in Africa. In 2013, there were 15,700 HNWIs in Nigeria, with a combined wealth of US$82 billion, accounting for roughly 36% of Nigeria's total individual wealth (US$227 billion).
- Nigerian HNWIs outperformed the worldwide HNWI average during the review period, with Nigerian HNWI numbers increasing by 44% whilst worldwide HNWI volumes declined by 0.3%.
- The rise in US dollar based HNWI wealth occurred despite a significant 25% depreciation of the naira against the US dollar during the review period.
- HNWI growth was positively influenced by rising commodity prices and an increase in new business formation, particularly in telecoms sector.
- Growth in HNWI wealth and volumes will be solid over the forecast period as more new businesses are developed within the country.
- Over the four year forecast period, the number of Nigeria's HNWIs is forecast to grow by 47%, to reach 23,000 in 2017. HNWI wealth will again see a slightly smaller percentage increase, growing by 42% to reach US$117 billion in 2017.
Key Topics Covered
2 Executive Summary
3 Wealth Sector Fundamentals
4 Findings from the New World Wealth HNWI Database
5 Analysis of Nigerian HNWI investments
6 The Wealth Sector in Nigeria
7 Luxury Sector in Nigeria
9 About New World Wealth
- Barclays (ABSA Wealth)
- Credit Suisse
- Fidelity Bank
- First Bank
- GT Bank
- Hugo Boss
- Stanbic IBTC Bank
- Standard Chartered
- United Bank of Africa
For more information visit http://www.researchandmarkets.com/research/xqxjfv/wealth_in
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