DLM and Coronation Lead Nigeria's Money Market Funds in July
As of July 31, 2026, Nigeria's money market funds achieved a net asset value (NAV) of N6.27 trillion, reflecting a 4.96% increase from N5.97 trillion in June. The number of unitholders rose to 846,933, an increase of 5.86%.
The segment now includes 48 funds, accounting for 66.74% of total mutual fund assets. DLM Money Market Fund emerged as the highest-yielding fund in July with a year-to-date (YTD) yield of 20.69% and an NAV of N2.07 billion, moving from fifth to first position.
Coronation Money Market Fund ranked second with a YTD yield of 20.22% and an NAV of N98.55 billion, despite slipping from its previous top position. RT Briscoe Savings & Investment Fund ranked third with a yield of 20.13% and an NAV of N520.46 million.
The top 10 funds collectively had a NAV of N215.82 billion, with all recording yields above 18%.
Plus234Feed summary based on reporting from BusinessDay. Read the original report below.
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