30% of Nigerian dollar millionaires lose status in ten years — Report

The number of high-net-worth (millionaires) individuals in Africa’s largest economy, Nigeria, fell by 30 per cent in the past decade (2012-2022), a new report has revealed.

Henley & Partners, the global firm in residence and citizenship by investment analysis, made this known in its latest edition of the “Africa Wealth Report” AWR published in March.

The report is a definitive guide to Africa’s wealth and luxury sector, and it is usually published annually in partnership with a wealth intelligence firm, New World Wealth.