SEC Approves MDU Capital as Fund/Portfolio Manager

Magen Doxa Umerim (MDU) Capital Limited has been granted approval by the Securities and Exchange Commission (SEC) to function as a Fund/Portfolio Manager in Nigeria’s capital market, effective from July 28, 2026. This approval signifies a major milestone for MDU Capital, enhancing its investment management services for individuals, corporates, institutional investors, and the Nigerian Diaspora.

The firm expressed its commitment to providing regulated investment solutions characterized by professionalism, strong corporate governance, and a client-focused approach. With this license, MDU Capital is authorized to deliver fund and portfolio management services, offering customized investment strategies aimed at wealth preservation and growth aligned with clients' financial goals.

Headquartered in Yaba, Lagos, MDU Capital plans to leverage experienced investment professionals, disciplined research, effective risk management, and technology-driven solutions to ensure a transparent investment experience while adhering to high standards of accountability and regulatory compliance.