Nigeria’s collective investment scheme assets have climbed to N9.885tn, nearing the N10tn milestone, with money market funds accounting for N6.718tn, representing 67.96 per cent of the industry’s total net asset value.
According to the Securities and Exchange Commission’s weekly NAV report as of October 9, 2026, total industry assets rose by N43.76bn, or 0.44 per cent, from N9.841tn recorded in the preceding week.
Including N33.36bn held in exchange-traded funds, which are reported separately, the combined value of Nigeria’s collective investment schemes reached approximately N9.918tn.
Overall, total fund net asset value rose by N43.75bn, or 0.44 per cent, from N9.84tn in the preceding week to N9.88tn as of October 9, 2026.
Money market funds accounted for the largest share of Nigeria’s collective investment scheme assets and drove the industry’s weekly growth. Their net asset value rose by N45.81bn, or 0.69 per cent, from N6.672tn to N6.718tn.
The increase surpassed the industry’s overall net gain of N43.76bn, reflecting declines in several other fund categories.
Dollar funds held N1.750tn, representing 17.70 per cent of total assets, after rising by 0.22 per cent from N1.746tn.
Real estate investment trusts declined by 0.11 per cent to N520.31bn, while equity-based funds fell by 1.59 per cent to N239.40bn.
Similarly, bond and fixed-income funds dropped by 0.81 per cent to N230.92bn, while balanced funds recorded a 0.28 per cent increase to N199.08bn.
Shariah-compliant funds declined by 0.26 per cent to N151.99bn, while specialised funds increased by 0.64 per cent to N54.71bn. Ethical funds also recorded a decline of 0.68 per cent to N20.57bn.
Overall, four fund categories recorded gains during the week, while five registered declines.
Money market and dollar funds jointly held approximately N8.47tn, accounting for 85.66 per cent of total collective investment scheme assets.
In comparison, equity-based funds represented 2.42 per cent of total assets, while bond and fixed-income funds accounted for 2.34 per cent, highlighting the industry’s heavy concentration in money market and dollar-denominated investments.
