Summary This report reviews the performance and asset allocations of HNWIs and ultra-HNWIs in Nigeria. It also includes an evaluation of the local wealth management market. Scope - Independent market sizing of the Nigerian HNWIs for five wealth bands - HNWI volume, wealth and allocation trends from 2011 to 2015 - HNWI volume, wealth and allocation forecasts to 2020 - HNWI and UHNWI asset allocations across 13 asset classes - Geographical breakdown of all foreign assets - Alternative breakdown of liquid vs investable assets - Details of the development, challenges and opportunities related to the wealth management and private banking sector in Nigeria - The size of Nigerian wealth management industry - Information on private banks - Detailed wealth management and family office information - Insights into the drivers of HNWI wealth Reasons To Buy - Nigeria Wealth Report 2016 is an unparalleled resource, and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the report comprises a wide variety of data, created based on over 125,000 HNWIs from around the world in WealthInsight's database. - With the wealth reports as the foundation for its research and analysis, WealthInsight is able to obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions it covers. - The report reviews the performance and asset allocations of HNWIs and ultra-HNWIs. The report also includes projections of the volume, wealth and asset allocations of HNWIs to 2020, and a comprehensive background of the local economy. - The report provides a thorough analysis of the private banking and wealth management sector. Key Highlights - There were 15,849 HNWIs in Nigeria in 2015, who collectively held US$102 billion in wealth. - The Nigerian HNWI population decreased by 4.6% in 2015, following a 2.8% increase in 2014. - The Nigerian HNWI population is forecast to grow by 10.0%, to reach 17,804 in 2020, while HNWI wealth is projected to grow by 26.1% to reach US$131.6 billion.
Table of Contents 1 Introduction 1.1 Details of this Report 1.2 Definitions 2 Executive Summary 3 Nigeria Key Facts 4 Distribution of Wealth in Nigeria 4.1 HNWI Volume and Wealth Trends 5 Findings from the WealthInsight HNWI Database 5.1 Trends in HNWI Wealth to 2020 5.1.1 HNWI trend analysis 5.1.2 Wealth band trends 5.1.3 Demographic breakdown of HNWIs 5.1.4 HNWIs - industry breakdown 5.1.5 HNWIs - industry performance 5.1.6 HNWIs - breakdown by city 5.1.7 HNWIs - city performance 5.1.8 HNWIs - city population densities 5.1.9 HNWIs - city forecasts 5.2 UHNWIs 5.2.1 UHNWI volume trend analysis 5.2.2 UHNWI wealth trend analysis 5.2.3 Demographic breakdown of UHNWIs 5.2.4 UHNWIs - industry breakdown 5.2.5 UHNWIs - city breakdown and performance 5.3 UHNWIs - Billionaires 5.3.1 Billionaire volume trend analysis 5.3.2 Billionaire wealth trend analysis 5.3.3 Billionaire per capita net worth trend analysis 5.3.4 List of billionaires 5.4 UHNWIs - Centimillionaires 5.4.1 Centimillionaire volume trend analysis 5.4.2 Centimillionaire wealth trend analysis 5.4.3 Centimillionaire per capita net worth trend analysis 5.5 UHNWIs - Affluent Millionaires 5.5.1 Affluent millionaire volume trend analysis 5.5.2 Affluent millionaire wealth trend analysis 5.5.3 Affluent millionaire per capita net worth trend analysis 5.6 Core HNWIs 5.6.1 Core HNWI volume trend analysis 5.7 Core HNWIs - Mid-Tier Millionaires 5.7.1 Mid-tier millionaire volume trend analysis 5.7.2 Mid-tier millionaire wealth trend analysis 5.7.3 Mid-tier millionaire per capita net worth trend analysis 5.8 Core HNWIs - Lower-Tier Millionaires 5.8.1 Lower-tier millionaire volume trend analysis 5.8.2 Lower-tier millionaire wealth trend analysis 5.8.3 Lower-tier millionaire per capita net worth trend analysis 6 Analysis of Nigerian HNWI Investments 6.1 Analysis by Asset Class 6.1.1 Trends in alternative assets 6.1.2 Trends in ‘art, wine and wheels’ 6.1.3 Trends of investment in real estate 6.1.4 Trends of investment in cash and deposits 6.1.5 Trends of investment in fixed-income 6.1.6 Investment trends in equity 6.1.7 Investments trends in business interests 6.2 Analysis of Foreign Investments 6.2.1 Investments in Europe 6.2.2 Investments in North America (including the US, Mexico and the Caribbean) 6.2.3 Investments in the Asia-Pacific 6.2.4 Investments in South America 6.2.5 Investments in the Middle East 6.2.6 Investments in Africa 6.3 Alternative Breakdown: Liquid vs Investable Assets 6.4 Analysis of Nigerian UHNWI Investments 7 Competitive Landscape 7.1 Domestic Private Banks 7.2 Foreign Private Banks 7.3 Wealth Managers 7.4 Family Offices 8 Key Drivers 8.1 NGN-US$ Exchange Rate 8.2 Real GDP Growth 8.3 Per Capita GDP 8.4 Domestic Market Capitalization 8.5 Commodity Index 8.6 Foreign Direct Investment (FDI) - Inflows and Outflows 8.7 Inflation Rate 8.8 Interest Rate 8.9 Balance of Payments 8.10 Government Debt 8.11 Stock Market Performance 8.12 Wealth Breakdowns 9 About WealthInsight
List of Tables Table 1: HNWI Wealth Band and Group Definitions Table 2: Nigerian HNWIs - Volume Distribution (%), 2015 Table 3: Nigerian HNWIs - Wealth Distribution Wealth Pyramid (%), 2015 Table 4: Nigerian HNWIs - Industry Performance (%), 2011-2015 Table 5: Nigerian HNWIs - Cities, 2015 Table 6: Nigerian HNWIs - Growth in Top Cities (Thousand), 2011-2015 Table 7: Nigerian HNWIs - Population Density in Major Cities 2015 Table 8: Nigerian HNWIs - Populations in Top Cities (Thousand), 2011-2020 Table 9: Nigerian HNWIs - Growth Rates for Top Cities (%), 2011-2020 Table 10: Nigerian HNWIs - Sources of Wealth (%), 2015 Table 11: Nigerian UHNWIs - Gender Performance (%), 2011-2015 Table 12: Nigerian UHNWIs - Populations in Top Cities, 2011-2020 Table 13: Nigerian UHNWIs - Growth Rates for Top Cities (%), 2011-2020 Table 14: Nigerian Billionaires - Market Overview (Volume and US$ Billions) 2011-2020 Table 15: Nigerian Top Billionaires (US$ Billion), 2015 Table 16: Nigerian Billionaires - Wealth Growth (US$ Billion), 2011−2015 Table 17: Nigerian Centimillionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 Table 18: Nigerian Affluent Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 Table 19: Nigerian Mid-Tier Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 Table 20: Nigerian Lower-Tier Millionaires - Market Overview (Volume and US$ Million/Billion), 2011-2020 Table 21: Nigerian HNWIs - Assets Allocations (%), 2011-2020 Table 22: Nigerian HNWIs - Holdings Growth (%), 2011-2020 Table 23: Nigerian HNWIs - Alternative Asset Composition (%), 2011-2020 Table 24: Nigerian HNWIs - Trends of Investments in Alternative Assets (%), 2011-2020 Table 25: Nigerian Trends in ‘Art, Wine and Wheels’, 2011-2015 Table 26: Global Prime Real Estate Prices per m2 (US$), 2015 Table 27: Nigerian HNWIs - Foreign Investment Allocations (%), 2011-2020 Table 28: Nigerian HNWIs - Liquidity Breakdown (US$ Billion), 2011-2020 Table 29: Nigerian HNWIs - Liquidity Breakdown (%), 2011-2020 Table 30: Nigerian UHNWIs - Allocations and Share of HNWI Assets (%), 2015 Table 31: Nigerian Exchange Rate - CAD-US$ Exchange Rate, 2011-2020 Table 32: Nigerian Real GDP Growth (%), 2011-2020 Table 33: Nigerian GDP per Capita (US$), 2011-2020 Table 34: Nigerian Domestic Market Capitalization (US$ Billion), 2011-2015 Table 35: Nigerian Commodity Indices, 2011-2020 Table 36: Nigerian Foreign Direct Investment (US$ Billion), 2011-2020 Table 37: Nigerian Inflation Rate (%), 2011-2020 Table 38: Nigerian Money Market Rate (%), 2011-2020 Table 39: Nigerian Balance of Payments (US$ Billion), 2011-2015 Table 40: Nigerian Government Debt as a Percentage of GDP (%), 2011-2020 Table 41: Nigerian Stock Market Performance (Index), 2011-2015 Table 42: Nigerian HNWI Wealth vs GDP Ratio (%), 2011-2020 Table 43: Nigeria - Appendix One Table 44: Nigeria - Appendix Two
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