OREANDA-NEWS. RnR Market Research Offers Report by Research on Challenges and Opportunities for Wealth Sector in Nigeria 2016.

Synopsis

This report is a thorough analysis of Nigeria Wealth Management and Private Banking sector, and the opportunities and challenges that it faces.

Reasons To Buy

- The Challenges and Opportunities for the Wealth Sector in Nigeria 2016 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.

- With the wealth reports 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 2020.

Key Highlights

- Nigerian HNWIs held 16.8% (US$17.2 billion) of their wealth outside their home country in 2015.

- Foreign asset holdings are expected to increase to US$20.1 billion by 2020, accounting for 15.3% of the country's total HNWI assets.

- Europe accounted for 29.4% of Nigerian HNWIs' foreign assets in 2015. This was followed by Asia-Pacific with 20.5%, North America with 19.6%, Africa with 19.5%, Latin America with 8.8% and the Middle East with 2.2%.

- Nigerian HNWI allocations to Asia-Pacific increased rapidly compared with other regions during the review period, rising from 11.9% in 2011 to 20.5% in 2015.

- WealthInsight expects HNWIs to increase their level of investment in Asia-Pacific over the forecast period, to reach 26.3% of foreign HNWI assets by 2020.