High Net Worth trends in Nigeria to 2014

Published: March 2014
No. of Pages: 84
   

Synopsis

  • This report is the result of WealthInsight's extensive research covering the high net worth individual (HNWI) population and wealth management market in Nigeria.
  • The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2012. This enables us to determine how well the country's HNWIs have performed through the crisis.

Summary

This report provides projections of the volume and wealth of Nigeria HNWIs. This includes demographic trends (2008-2012) and findings of the proprietary Wealth Insight HNWI Database.

Scope

  • Independent market sizing of Nigeria HNWIs across five wealth bands
  • HNWI volume and wealth trends from 2008 to 2012
  • HNWI volume and wealth forecasts to 2017
  • HNWI and UHNWI asset allocations across 13 asset classes
  • Number of UHNWIs in each state and all major cities
  • Fastest growing cities and states for UHNWIs (2008-2012)
  • Insights into the drivers of HNWI wealth

Reasons To Buy

  • The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.
  • The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.
  • With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.
  • Report includes comprehensive forecasts to 2017.

Key Highlights

  • There were 16,686 HNWIs in Nigeria in 2013. These HNWIs held US$90 billion in wealth, and wealth per capita was US$5.4 million.
  • In 2013, Nigerian HNWI numbers rose by 4.9%, following a increase of 4.7% in 2012.
  • Growth in HNWI wealth and volumes are expected to improve over the forecast period. The total number of Nigerian HNWIs is forecast to grow by 7.4% to reach 18,481 in 2018. HNWI wealth will grow by 27.4% to reach US$123 billion by 2018.

High Net Worth trends in Nigeria to 2014

Table of Contents

1 Introduction
1.1 Details of this Report
1.2 Definitions

2 Executive Summary

3 Wealth Sector Fundamentals
3.1 Political Background
3.2 Economic Background
3.3 Social Background
3.4 Benchmarking Nigeria's Wealth in Context
3.4.1 Distribution of wealth in Nigeria
3.5 HNWI Volume and Wealth Trends

4 Findings from the WealthInsight HNWI Database
4.1 Trends in HNWI Wealth to 2018
4.1.1 HNWI trend analysis
4.1.2 Wealth band trends
4.1.3 Demographic breakdown of HNWIs
4.1.4 HNWIs - job titles
4.1.5 HNWIs - industry breakdown
4.1.6 HNWIs - industry performance
4.1.7 HNWIs - breakdown by city
4.1.8 HNWIs - city performance
4.1.9 HNWIs - city population densities
4.1.10 HNWIs - city forecasts
4.1.11 HNWIs - breakdown by state
4.1.12 HNWIs - state performance
4.1.13 HNWIs - state population densities
4.2 UHNWIs
4.2.1 UHNWI volume trend analysis
4.2.2 UHNWI wealth trend analysis
4.2.3 Demographic breakdown of UHNWIs
4.2.4 UHNWIs - industry breakdown
4.2.5 UHNWIs - city breakdown and performance
4.3 UHNWIs - Billionaires
4.3.1 Billionaire volume trend analysis
4.3.2 Billionaire wealth trend analysis
4.3.3 Billionaire per capita net worth trend analysis
4.3.4 List of billionaires
4.4 UHNWIs - Centimillionaires
4.4.1 Centimillionaire volume trend analysis
4.4.2 Centimillionaire wealth trend analysis
4.4.3 Centimillionaire per capita net worth trend analysis
4.5 UHNWIs - Affluent Millionaires
4.5.1 Affluent millionaire volume trend analysis
4.5.2 Affluent millionaire wealth trend analysis
4.5.3 Affluent millionaire per capita net worth trend analysis
4.6 Core HNWIs
4.6.1 Core HNWI volume trend analysis
4.7 Core HNWIs - Mid-Tier Millionnaires
4.7.1 Mid-tier millionnaire volume trend analysis
4.7.2 Mid-tier millionaire wealth trend analysis
4.7.3 Mid-tier millionaire per capita net worth trend analysis
4.8 Core HNWIs - Lower-Tier Millionaires
4.8.1 Lower-tier millionaire volume trend analysis
4.8.2 Lower-tier millionaire wealth trend analysis
4.8.3 Lower-tier millionaire per capita net worth trend analysis

5 Appendix
5.1 Tax Regulations
5.2 Key Drivers
5.2.1 NGN to US$ exchange rate
5.2.2 Real GDP growth
5.2.3 Per capita GDP
5.2.4 Domestic market capitalization
5.2.5 Commodity index
5.2.6 Foreign direct investments - inflow and outflow
5.2.7 Inflation
5.2.8 Interest rate
5.2.9 Balance of payments
5.2.10 Government debt
5.2.11 Stock market performance
5.3 Wealth Breakdown

6 About WealthInsigh

List of Tables

Table 1: HNWI Wealth Band and Group Definitions
Table 2: Cities in Nigeria, 2013
Table 3: Nigerian HNWIs - Volume Distribution (%), 2013
Table 4: Nigerian HNWIs - Wealth Distribution (%), 2013
Table 5: Nigerian HNWIs - Industry Performance, 2009-2013
Table 6: Nigerian HNWIs - Cities, 2013
Table 7: Nigerian HNWIs - Growth in Top Cities, 2009-2013
Table 8: Nigerian HNWIs - Population Density in Major Cities, 2013
Table 9: Nigerian HNWIs in Top Cities, 2009-2018
Table 10: Nigerian HNWIs - Growth Rates for Top Cities, 2009-2018
Table 11: Nigerian HNWIs by State, 2013
Table 12: Nigerian HNWIs - State Performance, 2009-2013
Table 13: Nigerian HNWIs - Population Density in States, 2013
Table 14: Nigerian UHNWIs - Gender Performance, 2009-2013
Table 15: Nigerian UHNWIs - Source of Wealth (%), 2013
Table 16: Nigerian UHNWIs in Top Cities, 2009-2018
Table 17: Nigerian UHNWIs Growth Rates for Top Cities, 2009-2018
Table 18: Nigerian Billionaires - Market Overview (US$ Billion), 2009-2018
Table 19: Top Seven Nigerian Billionaires (US$ Billion), 2013
Table 20: Nigerian Billionaire Wealth Growth, 2009?2013
Table 21: Nigerian Centimillionaires - Market Overview, 2009-2018
Table 22: Nigerian Affluent Millionaires - Market Overview, 2009-2018
Table 23: Nigerian Mid-Tier Millionaires - Market Overview, 2009-2018
Table 24: Nigerian Lower-Tier Millionaires - Market Overview, 2009-2018
Table 25: Nigerian Income Tax Bands (NGN), 2013
Table 26: NGN per US$ Exchange Rate, 2009-2018
Table 27: Nigerian Real GDP Growth (%), 2009-2018
Table 28: Nigerian GDP per Capita (US$), 2009-2018
Table 29: Nigerian Domestic Market Capitalization (US$ Billion), 2009-2013
Table 30: Nigerian Commodity Indices, 2009-2018
Table 31: Nigerian Foreign Direct Investments (US$ Billion), 2009-2018
Table 32: Nigerian Inflation Rate (%), 2009-2018
Table 33: Nigerian Interest Rate (%), 2009-2018
Table 34: Nigerian Balance of Payments (US$ Billion), 2009-2013
Table 35: Nigerian Government Debt as a Percentage of GDP (%), 2009-2018
Table 36: Nigerian Stock Market Performance, 2009-2013
Table 37: Nigerian HNWI Wealth vs GDP Ratio (%), 2009-2018
Table 38: Nigeria - Appendix One
Table 39: Nigeria - Appendix Two

List of Figures

Figure 1: HNWI Wealth Band Definitions
Figure 2: Map of Nigeria
Figure 3: Nigerian Asset Price Performance, 2009-2013
Figure 4: Nigerian HNWI Performance, 2009-2018
Figure 5: Nigerian vs Global HNWIs
Figure 6: Nigerian HNWIs - Growth Factor Correlation, 2009-2013
Figure 7: Nigerian HNWIs - Volume Distribution Wealth Pyramid, 2013
Figure 8: Nigerian HNWIs - Wealth Distribution Wealth Pyramid (%), 2013
Figure 9: Nigerian HNWIs - Age Distribution (%), 2013
Figure 10: Nigerian HNWIs - Job Titles, 2009-2013
Figure 11: Nigerian HNWIs - Distribution by Industry (%), 2013
Figure 12: Nigerian HNWIs - City Performance, 2009-2013
Figure 13: Nigerian HNWIs - City Numbers, 2009-2013
Figure 14: Nigerian HNWIs - City Forecasts, 2014-2018
Figure 15: Nigerian HNWIs - City Numbers, 2014-2018
Figure 16: Nigerian UHNWIs - Wealth Share vs Volume Growth (%), 2009-2013
Figure 17: Nigerian UHNWIs - Volume by Wealth Band, 2009-2018
Figure 18: Nigerian UHNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 19: Nigerian UHNWIs - Age Distribution (Percentage Share), 2013
Figure 20: Nigerian UHNWIs - Distribution by Industry (%), 2013
Figure 21: Nigerian Billionaires - Market Overview, 2009-2018
Figure 22: Nigerian Centimillionaires - Market Overview, 2009-2018
Figure 23: Nigerian Affluent Millionaires - Market Overview, 2009-2018
Figure 24: Nigerian Mid-Tier Millionaires - Market Overview, 2009-2018
Figure 25: Nigerian Lower-Tier Millionaires - Market Overview, 2009-2018
Figure 26: NGN to US$ Exchange Rate, 2009-2018
Figure 27: Nigerian Real GDP Growth (%), 2009-2018
Figure 28: Nigerian GDP per Capita (US$), 2009-2018
Figure 29: Nigerian Domestic Market Capitalization (US$ Billion), 2009-2013
Figure 30: Nigerian Commodity Indices, 2009-2018
Figure 31: Nigerian Foreign Direct Investments (US$ Billion), 2009-2018
Figure 32: Nigerian Inflation Rate (%), 2009-2018
Figure 33: Nigerian Interest Rate (%), 2009-2018
Figure 34: Nigerian Balance of Payments (US$ Billion), 2009-2013
Figure 35: Nigerian Government Debt as a Percentage of GDP (%), 2009-2018
Figure 36: Nigerian Stock Market Performance, 2009-2013
Figure 37: Nigerian HNWI Wealth vs GDP Ratio (%), 2009-2018
Figure 38: Nigerian HNWIs - Volume by Wealth Band, 2009-2018
Figure 39: Nigerian HNWIs - Wealth by Wealth Band (US$ Billion), 2009-2018
Figure 40: Nigerian HNWIs - Wealth per Capita (US$ Million), 2009-2018

Published By: WealthInsight
Product Code: WealthInsight782


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