Nigeria’s collective funding 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 full web asset worth (NAV).
This is in response to the Securities and Exchange Commission’s (SEC) weekly NAV report as of October 9, 2026, which reveals that trade assets elevated by N43.76 billion, or 0.44%, from N9.841 trillion within the previous week.
Including N33.36 billion held in exchange-traded funds (ETFs), that are reported individually, the mixed worth reached roughly N9.918 trillion.
Key spotlight of Assets Value:
Overall, whole fund NAV rose by N43.75 billion, or 0.44%, from N9.84 trillion to N9.88 trillion on October 9.
- Money Market Funds contributed essentially the most to whole NAV with N6.72 trillion.
- Dollar Funds: N1.75 trillion.
- Real Estate Trusts: N520.31 billion
- Equity-based Funds: N239.40 billion
- Bonds/Fixed-income funds: N230.92 billion.
- Balanced Funds: N199.08 billion.
- Shariah-compliant funds held N151.99 billion.
- Specialised Funds: N54.71 billion.
- Ethical Funds: N20.57 billion.
Money Market Funds maintain N6.72 trillion:
Money market funds accounted for the most important share of Nigeria’s collective funding scheme assets and drove the most recent weekly improve. Their NAV rose by N45.81 billion, or 0.69%, from N6.672 trillion to N6.718 trillion.
- The improve exceeded the trade’s total web achieve of N43.76 billion, reflecting declines throughout a number of different fund classes.
- Dollar funds held N1.750 trillion, representing 17.70% of whole assets, after rising by 0.22% from N1.746 trillion.
- Real property funding trusts declined by 0.11% to N520.31 billion, whereas equity-based funds fell 1.59% to N239.40 billion.
- Bond and fixed-income funds declined 0.81% to N230.92 billion, whereas balanced funds elevated 0.28% to N199.08 billion.
- Shariah-compliant funds fell 0.26% to N151.99 billion, specialised funds rose 0.64% to N54.71 billion, and moral funds declined 0.68% to N20.57 billion.
- Four fund classes recorded features throughout the week, whereas 5 declined.
- Money market and greenback funds collectively accounted for roughly N8.47 trillion, or 85.66% of whole collective funding scheme assets.
By comparability, equity-based funds represented 2.42% of assets, whereas bond and fixed-income funds accounted for two.34%, underscoring the trade’s focus in money market and dollar-denominated merchandise.
Mutual Fund Assets lengthen weekly features:
Nigeria’s collective funding scheme trade has recorded sustained development in current weeks, with NAV rising from N9.539 trillion on August 21 to N9.885 trillion on October 9.
The N345.63 billion improve represented development of three.62% throughout seven consecutive week-to-week features, with the most important weekly improve of roughly N129.71 billion recorded within the week ending October 2.
Money market fund NAV elevated from N6.366 trillion on August 14 to N6.718 trillion, a achieve of N351.32 billion, or 5.52%.
- Dollar fund NAV declined by N37.98 billion, or 2.12%, from N1.788 trillion recorded on August 14.
- Balanced funds elevated by 27.6%, rising from N156.06 billion to N199.08 billion.
- Nairametrics’ earlier monitoring confirmed that trade NAV stood at N8.44 trillion in March and elevated to N8.77 trillion in April.
- The March figures confirmed money market funds holding N5.45 trillion, representing 64.90% of trade assets.
- By April, money market funds had elevated to N5.68 trillion, whereas greenback funds stood at N1.85 trillion.
The money market phase subsequently reached N6.27 trillion by July 31, representing a 4.96% improve from N5.97 trillion in June.
Stanbic leads Nigeria’s largest funds:
Stanbic IBTC Money Market Fund remained Nigeria’s largest collective funding fund, with NAV of N3.126 trillion, in response to the SEC fund-level rankings dated October 2.
The rankings additionally confirmed a robust focus of the most important funds in money market merchandise, with seven of the ten largest funds belonging to that class.
- Stanbic IBTC Dollar Fund ranked second with N791.50 billion in assets.
- First Asset Money Market Fund adopted with N772.15 billion.
- Guaranty Trust Money Market Fund held N676.97 billion.
- ARM Money Market Fund recorded N462.05 billion in NAV.
- The fund-level sheet additionally listed 1,651,474 unitholder information, though this doesn’t essentially signify the variety of distinctive traders as a result of people could maintain models in a number of funds.
- Importantly, adjustments in NAV shouldn’t be interpreted solely as new funding inflows.
- NAV displays subscriptions, redemptions, funding earnings and valuation actions, which means the N45.81 billion weekly improve in money market fund assets doesn’t essentially signify contemporary subscriptions.
- Similarly, greenback fund assets are reported in naira, making their reported values delicate to exchange-rate actions.
- The decline in fairness fund NAV coincided with a fall within the NGX All-Share Index, though the info doesn’t distinguish between market-related losses and investor redemptions.
Overall, the figures present an increasing collective funding trade that continues to be closely concentrated in money market and greenback funds, whereas fairness and bond funds collectively account for lower than 5% of whole assets.
