The number of dollar millionaires in Nigeria shrank by 30 percent in the last decade, a new report has shown, with analysts attributing the decline in private wealth to naira depreciation and other economic headwinds.
Africa’s biggest economy saw the largest decline in private wealth on the continent between 2012 and 2022, according to the Africa Wealth Report 2023 by Henley and Partners, a London investment migration consultancy.
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