{
  "id": 15768916,
  "title": "Nigeria’s mutual fund assets near N10 trillion as money market funds dominate",
  "url": "https://urgent.news/2026/10/20/nigerias-mutual-fund-assets-near-n10-trillion-as-money-market-funds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T16:11:35.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/20/nigerias-mutual-fund-assets-near-n10-trillion-as-money-market-funds-dominate/"
  },
  "original_language": "en",
  "account": "As of October 9, 2026, Nigeria's collective investment scheme assets have reached nearly N10 trillion, with money market funds leading the way at N6.718 trillion, comprising 67.96% of the total net asset value. This information is derived from the Securities and Exchange Commission's (SEC) weekly NAV report. The industry's total assets grew by N43.76 billion, or 0.44%, from N9.841 trillion the previous week. This ascent is primarily driven by money market funds, which have seen their NAV rise by N45.81 billion, or 0.69%, surging from N6.672 trillion to N6.718 trillion. Equity-based funds account for 2.42% of assets, bonds and fixed-income funds follow with 2.34%, highlighting the industry's focus on money market and dollar-denominated products. Other categories, including real estate trusts, equity-based funds, bonds/fixed-income funds, balanced funds, Shariah-compliant funds, specialized funds, and ethical funds, contribute significantly but make up a smaller portion of the overall NAV. The SEC's fund-level rankings, as of October 2, reveal that Stanbic IBTC Money Market Fund holds the title of the largest collective investment fund, boasting an NAV of N3.126 trillion. Seven of the ten largest funds are concentrated in money market products, underscoring the sector's dominance in this asset class.",
  "summary": "Nigeria's collective investment scheme assets have risen to N9.885 trillion, approaching the N10 trillion mark, with money market funds accounting for N6.718 trillion, or 67.96% of the total net asset value (NAV). The post Nigeria’s mutual fund assets near N10 trillion as money market funds dominate appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}