Best performing money market funds in Nigeria as of October 2026
The First Ally Money Market Fund retained the top spot in Nigeria’s money market fund rankings in October 2026 with a YTD yield of 21.17%, as the broader segment expanded its net asset value to N6.90 trillion as of October 30, 2026, up 5.05% from N6.56 trillion recorded in September. The post Best performing money market funds in Nigeria as of October 2026 appeared first on Nairametrics .
In October 2026, Nigeria's money market fund rankings were led by the First Ally Money Market Fund, which boasted a YTD yield of 21.17%. The entire market segment had grown its net asset value to N6.90 trillion, up 5.05% from N6.56 trillion in September. The Securities and Exchange Commission (SEC) reported that the segment now consists of 50 funds, accounting for 68.31% of Nigeria's total mutual fund assets, valued at N10.09 trillion.
Investors continued to flock to money market funds for their stability and dependable returns, as these instruments provide easy access to funds and offer competitive yields by investing in short-term, high-quality securities.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
