Nigeria's Top Money Market Mutual Funds Yield Over 24%

In 2025, Nigeria's money market mutual fund segment has delivered double-digit returns, with year-to-date (YTD) yields ranging from 18% to 24%. According to a review by Nairametrics Research, the leading funds have employed active portfolio management strategies focusing on high-yield short-term instruments.

By year-end, the average yield for money market funds was reported at 18.71% to 24.32%, which is 2 to 7.8 percentage points below the 27% monetary policy rate. This indicates a normal gap between the benchmark policy rate and actual short-term investment returns, underscoring the continued attraction of money market funds for investors seeking relatively stable income in a high-rate environment.

The tight monetary stance in Nigeria throughout 2025 has sustained high yields on treasury bills and short-term instruments. The top 10 funds have demonstrated significant income generation, reflecting varying levels of investor participation, with the highest-performing fund yielding above 24%, although it maintains a relatively small investor base.