Research and Markets: Wealth in Nigeria: The Future of Nigerian HNWIs

DUBLIN--()--Research and Markets ( 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.

Key Highlights

- 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

1 Introduction

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

8 Appendix

9 About New World Wealth

Companies Mentioned

- Barclays (ABSA Wealth)

- Citibank

- Credit Suisse

- Fidelity Bank

- First Bank

- GT Bank

- Hugo Boss

- Porsche

- Stanbic IBTC Bank

- Standard Chartered


- United Bank of Africa

- Zegna

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Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Wealth Management


Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Wealth Management