Nigeria's Mutual Fund Assets Approach N10 Trillion in 2026
As of October 9, 2026, Nigeria's collective investment scheme assets have risen to N9.885 trillion, nearing the N10 trillion mark. Money market funds dominate this growth, accounting for N6.718 trillion, or 67.96% of the total net asset value (NAV).
The Securities and Exchange Commission's weekly NAV report indicated an increase of N43.76 billion, or 0.44%, from N9.841 trillion the previous week. When including N33.36 billion from exchange-traded funds (ETFs), the total value reached approximately N9.918 trillion.
The money market funds saw a NAV increase of N45.81 billion, or 0.69%, from N6.672 trillion. The industry has shown consistent growth, with NAV rising from N9.539 trillion on August 21 to N9.885 trillion on October 9, marking a 3.62% increase over seven weeks.
Stanbic IBTC Money Market Fund remains the largest fund with an NAV of N3.126 trillion, reflecting the industry's heavy concentration in money market and dollar-denominated products.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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