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Quick Summary
Nigeria hosts 10+ family offices serving UHNW families, split between SFO and MFO structures. Most operate from Lagos. Key sectors include fintech, real estate, energy, and healthcare. The country counts roughly 9,100 UHNWIs with $207 billion in combined wealth.
Reference Table
The table below lists known firms serving Nigerian and African UHNW families.
| Firm | Type | Location | Investment Focus | Website |
|---|---|---|---|---|
| Heirs Holdings | SFO | Lagos | Power, oil & gas, financial services, healthcare | — |
| Tengen Family Office | SFO | Lagos | Financial services, energy, real estate, art | — |
| Singularity Investments | SFO | Lagos | Tech/fintech | — |
| TY Danjuma Family Office | SFO | London (Surrey) | Public markets, alternatives, real estate, PE | — |
| Man Capital | SFO | London | Education, healthcare, logistics, technology | — |
| Genea Family Office | MFO | Lagos | Alternative assets, VC/PE, real estate, estate planning | — |
| Blackbridge West | MFO | Lagos (Ikoyi) | Wealth structuring, asset management, real estate | — |
| ARM Family Office | MFO | Lagos | Trust & fiduciary, investment management, succession planning | — |
| Meristem Family Office | MFO | Lagos | Family governance, investment advisory, succession planning | — |
| TLH (The Legacy Haus) | MFO | Lagos | Trust services, wealth management for Africans globally | — |
| Parthian Capital | MFO | Lagos | Wealth management, dollar funds, legacy and trust services | — |
| Chapel Hill Denham | — | Lagos | Renewables, real estate, venture, SMEs | — |
Market Snapshot
Nigeria holds Africa's largest UHNW population at roughly 9,100 individuals. Their combined wealth reaches $207 billion. Yet only 30 to 60 formal private wealth offices exist on the entire continent, per Deloitte.
Lagos serves as the primary hub. Many wealthy families keep dual offices in Lagos and London or Dubai. Post-COVID, more families are moving wealth management onshore.
Fintech draws strong interest from direct investors. Real estate, energy, and healthcare also attract capital. The next generation is pushing for impact investing and formal governance. Africa's UHNW population is projected to grow 33% by 2026, fueling demand for professional wealth structuring.
Key Profiles
Heirs Holdings operates across 23 countries in power, oil and gas, financial services, and healthcare. This SFO is Tony Elumelu's main investment vehicle. Based in Lagos.
Genea provides full-service MFO capabilities from Victoria Island, Lagos. The firm covers alternative assets, VC, private equity, estate and tax planning, and lifestyle concierge.
Tengen was built by Herbert Wigwe and Aigboje Aig-Imoukhuede. The duo turned Access Bank into a multinational giant. This SFO targets financial services, energy, and real estate in Lagos.
TLH (The Legacy Haus) grew its trust portfolio from under N10 million to N5.2 billion+ since 2018. This MFO serves Africans globally and in the diaspora with trust and legacy planning. Based in Lagos.
Singularity Investments backs major fintech players like Paystack, Flutterwave, and Smile Identity. Founded by IHS Towers creator Sam Darwish, this tech-focused SFO operates from Lagos.
About This Directory
This directory of family offices in Nigeria draws from reports by Deloitte, PwC, and Knight Frank. It also uses company websites and public filings. It covers Lagos-based firms and Nigerian-origin offices abroad. AUM figures are not publicly disclosed by most firms. Data is reviewed periodically for accuracy.
Frequently Asked Questions
At least 10 firms serve Nigerian families. Most are based in Lagos. Only 30 to 60 formal offices exist in all of Africa. This leaves a large gap, given that 1,500 to 2,000 African families hold enough wealth to justify one.
An SFO typically requires $100 million or more in investable assets. An MFO is accessible from around $30 million. MFOs spread costs among multiple clients, making them more practical for most high net worth families.
An SFO serves one family with full privacy and control. Examples include Heirs Holdings and Tengen. An MFO serves multiple families through shared resources. Genea, ARM, Meristem, and TLH operate as MFOs in Lagos.
Top sectors are real estate, financial services, energy, and fintech. Allocations run roughly 40% domestic, 30% pan-African, and 30% global. Impact investing and venture capital in tech startups are gaining traction.
