Coinage Fund Management Secures SEC Approval in Nigeria

Coinage Fund Management has secured approval from the Securities and Exchange Commission (SEC) Nigeria to operate as a Fund/Portfolio Manager. This approval represents a significant milestone for the company in its mission to democratize access to professional wealth management and reshape the future of investment advisory across Nigeria and the broader African market.

With this regulatory green light, Coinage Fund is fully licensed to deliver tailored investment portfolio management solutions to a diverse range of clients, including high-net-worth individuals, mass affluent investors, emerging investors, and institutional corporate organizations. The firm’s approach combines disciplined asset management with technology-enabled insights, demonstrating a deep commitment to client outcomes.

Dr. Victor Gbenga Afolabi, the Board Chairman, emphasized the firm's role as a catalyst for smarter capital deployment, addressing the issue of idle capital poorly managed due to limited access to the right expertise.

Chief Executive Officer Biodun Ok described the approval as validating the firm’s strategic direction and a launchpad for its long-term ambitions.