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Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) - Business - Nairaland

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Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by CampusGistNaija(m): 8:37pm On Sep 17, 2019
Nigeria is the third wealthiest country in Africa for 2019 — despite being home to billionaire Aliko Dangote

There are two Nigerians on the list of the Forbes top 5 African billionaires ruled by Aliko Dangote.

You would think this would make Nigeria the wealthiest country on the continent.
The new 2019 Wealth Report compiled by AfrAsia Bank says otherwise as Nigeria is ranked as Africa’s third wealthiest nation and Lagos state the fourth wealthiest city.

Nigeria is home to two of Africa’s richest people — Aliko Dangote with $10.3 billion and Mike Adenuga with $9.2 billion — as estimated by Forbes.

However, data from the September 2019 Wealth Report compiled by AfrAsia Bank shows that it is not the wealthiest nation on the continent.

The number one position goes to South Africa with a total wealth of $649 billion. This excludes government funds and includes private wealth (properties, cash, business interests and equities) held by all the people living in each country.

Egypt is in second place with $303 billion while Nigeria follows with $225 billion.

The report cited the following as reasons for Nigeria’s ranking:

Safety concerns and tensions
Outgoing migration of high-net-worth individuals (HNWIs)
Investors running away because of the clampdown on foreign companies like MTN
Decrease in oil prices
Loss of value in Naira compared to the US dollar

City Ranking

Nigeria ranks even lower in the statistics for the wealthiest cities in Africa. In the list ruled by Johannesburg, Capetown (both in South Africa), and Egypt's Cairo, Lagos, Nigeria is ranked the fourth.

Despite being the largest city in the continent in terms of population and Gross domestic products (GDP), Lagos only has a total wealth of $96 billion.

As of December 2018, Africa has a total wealth of $2.2 trillion, 42 per cent of which is belongs to HNWIs. This shows the alarming disparity between the rich and poor.

1. South Africa - $649 billion

2. Egypt - $303 billion

3. Nigeria - $225 billion

4. Morocco $114 billion

5. Kenya $93 billion

6. Angola $69 billion

7. Ghana $59 billion

8. Ethiopia $57 billion

9. Tanzania $57 billion

https://www.google.com/amp/s/www.pulse.ng/bi/finance/nigeria-home-to-aliko-dangote-is-the-third-wealthiest-country-in-africa-for-2019/9dbpvnn.amp

3 Likes 5 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by ehirosplusbiz(m): 8:39pm On Sep 17, 2019
Richest and highest poor citizen

153 Likes 7 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Sunofgod(m): 8:40pm On Sep 17, 2019
Fake list!

114 Likes 8 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Iamgrey5(m): 8:42pm On Sep 17, 2019
You mean our corrupt politicians Voluntarily disclose their wealth !

50 Likes 4 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by AgentNairaland(f): 8:44pm On Sep 17, 2019
If Then Dey Deceived Us We Won't Deceive Ourselves As Nigerians I Swear..

Which Country Be Third.. Make I Dey Read Comments Sha

53 Likes 4 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Turantula(m): 8:46pm On Sep 17, 2019
Divide into two and both wil occupy the first and last positions. U knw U know

23 Likes 5 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by KraticKratus: 8:58pm On Sep 17, 2019
Wow! I never knew I was from a rich country!

Thank you rankers! My depression is gone. See me see money.

131 Likes 6 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by ZombieTAMER: 9:00pm On Sep 17, 2019
KraticKratus:
Wow! I never knew I was from a rich country!

Thank you rankers! My depression is gone. See me see money.

YUSUF Buhari

Well done

53 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by StillX10(m): 9:03pm On Sep 17, 2019
So Nigerians enriched SA to this level

10 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by obi4eze(m): 9:16pm On Sep 17, 2019
angry

4 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Johnnyessence(m): 9:18pm On Sep 17, 2019
CampusGistNaija:
Nigeria has been ranked 3rd Richest Country in Africa, in the latest 2019 Wealth Ranking by AfriAsai Banks Limited, Igbere TV reports.

AfriAsai is the agency saddled with the responsibility of producing such rankings, based on their wealth on the African continent.

On the ranking, South Africa tops the list with 39,200 people said to be holding most of the country’s wealth at $649 billion.

Egypt came second with $303 billion and 16,700 people holding the country’s wealth.

Nigeria follows in the third position with $225 billion, and 9,900 wealthy individuals.

Below is the full ranking obtained by Igbere TV, as published on AfriAsai’s website;

1. South Africa - $649 billion

2. Egypt - $303 billion

3. Nigeria - $225 billion

4. Morocco $114 billion

5. Kenya $93 billion

6. Angola $69 billion

7. Ghana $59 billion

8. Ethiopia $57 billion

9. Tanzania $57 billion

http://igberetvnews.com/980219/breaking-nigeria-ranks-3rd-richest-country-in-africa-full-list/

Lalasticlala, Mynd44, OAM4J
please who are the 9900 wealthy individuals in Nigeria.

2 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by ihitenansa: 9:29pm On Sep 17, 2019
More like 33rd

16 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Germannig: 9:35pm On Sep 17, 2019
9,900 wealthy individuals in a country of 200 million people That is like 0.0000000000000000001% wealthy tongue tongue tongue tongue

27 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by kestolove95(m): 9:44pm On Sep 17, 2019
Lord have mercy
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by 14(m): 9:49pm On Sep 17, 2019
StillX10:
So Nigerians enriched SA to this level

Egypt, Nigeria and morocco combined, are still smaller than South Africa. So which country is the most powerful in africa?

18 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Achimela: 9:51pm On Sep 17, 2019
Hmmmm, that Xenophobic country is number one.. it's alright then

3 Likes 3 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by soberdrunk(m): 10:10pm On Sep 17, 2019
........so Jeff Bezos is richer than Ethopia and Tanzania put together........ angry

12 Likes

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Wickedfacts: 10:11pm On Sep 17, 2019
That's the sum total of legitimate wealth.

Stolen government funds which is the source of most wealthy politicians is not taken into reckoning.

26 Likes 3 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by vibbb: 10:11pm On Sep 17, 2019
Ok, just wondering SA topping the table. How come.

2 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Nobody: 10:12pm On Sep 17, 2019
Poor continent


2 IT organisation in the us will buy africa

9 Likes 3 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Lanre4uonly(m): 10:12pm On Sep 17, 2019
Ok. It is noted.
Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by BrainBox4N(m): 10:12pm On Sep 17, 2019
Only Lagos is richer than the fifth richest country in Africa.

3 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Olutozn54(m): 10:12pm On Sep 17, 2019
if I hear, money abacha swallow self fit stand as third

12 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Badmod: 10:13pm On Sep 17, 2019
Oga oo...
SA :$ 649B
9ja:$225B

225 × 3 =675

SA economy is three times bigger than ours...
Just 5 years ago under GEJ...we are the biggest economy in Africa...
Thanks to Buhari...ZoneB coming in 3:2:1

45 Likes 4 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Awodipog(m): 10:13pm On Sep 17, 2019
All our politicians money especially those senate and reps money fit buy double of SA.. Dont doubt that

4 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Wickedfacts: 10:13pm On Sep 17, 2019
maybachmusic:
Poor continent


2 IT organisation in the us will buy africa

The annual budget of GE is larger than Africa's budget.

7 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by babzo(m): 10:13pm On Sep 17, 2019
So Lagos has almost half of Nigeria's wealth?

Thats too uneven.

What are other states doing?

At least other states have sea ports, airports, large population, area boys, governors, churches?

What is going on here?

Citizens of other states, challenge your governors.

9 Likes 2 Shares

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Jaytecq(m): 10:14pm On Sep 17, 2019
ok... seen

1 Like 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by wiseone28: 10:14pm On Sep 17, 2019
Where's my name














95% of South Africa rich are the white

6 Likes 1 Share

Re: Nigeria Ranks 3rd Richest Country In Africa By AfrAsia Bank (Full List) by Heffalump(m): 10:14pm On Sep 17, 2019
This statistics translates to nothing in the end undecided

Ironically, Nigeria is rich and poor at the same time. Abeg, let me come and be going. Nonsense sad

5 Likes 1 Share

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