Lagos fourth wealthiest city in Africa, seventy-two worldwide: Report
Lagos is now the fourth wealthiest city in Africa, behind Johannesburg, Cairo, and Cape Town, according to a recent report by Henley and Partners.
The report, which was released on Tuesday, listed New York, Tokyo, and The Bay Area as the three wealthiest cities in the world. The report ranked Lagos as the 72nd wealthiest city worldwide.
Lagos has three billionaires and 16 centimillionaires, according to the survey, which looked at the number of dollar billionaires, centimillionaires, and millionaires in each city to determine its ranking.
The report further detailed that Lagos has about 5,400 millionaires with a net worth of $1 million.
The report covered 97 cities from nine regions including Africa, Australasia, CIS, East Asia, Europe, the Middle East, North America, South Asia, and Southeast Asia.
Lagos was the only Nigerian city to make it to the list of wealthiest cities per the report
Casablanca (Morocco), Adisa Baba (Ethiopia), Nairobi (Kenya), Accra (Ghana), Maputo (Mozambique), Mombasa (Kenya), Tangier (Morocco), Lusaka (Zambia), Swakopmund (Namibia), and Walvis Bay (Namibia) are among the other African cities on the list of the 97 richest cities worldwide.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Police nab suspects over alleged vandalism, theft of transformer cables
The suspects were arrested at different locations in the state.
States
Bayelsa court jails three for attempted human trafficking
The defendants pleaded guilty to all three charges upon their arraignment on October 28.
Heading 5
Oriental Hotel guest recovers belongings stolen by notorious Lagos thief
CCTV footage capturing the thief’s face and movements went viral after it was posted on social media.
Hot news Home top
NJC recommends new judges across five states, two appellate courts
The recommendations were made at the council’s 112th meeting held on November 3, 2026.
Anti-Corruption
EFCC grills ex-banker over alleged diversion of customer’s N515 million
According to the EFCC, the money was transferred in three tranches.
Heading 4
Customs recorded N1.42 trillion revenue, $753 million exports in Q3 2026: OfficialÂ
Mr Maiwada said interceptions with a combined duty-paid value exceeding N8.1 billion were recorded.
