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).
This is according to the Securities and Exchange Commission’s (SEC) weekly NAV report as of October 9, 2026, which shows that industry assets increased by N43.76 billion, or 0.44%, from N9.841 trillion in the preceding week.
Including N33.36 billion held in exchange-traded funds (ETFs), which are reported separately, the combined value reached approximately N9.918 trillion.
Overall, total fund NAV rose by N43.75 billion, or 0.44%, from N9.84 trillion to N9.88 trillion on October 9.
Money market funds accounted for the largest share of Nigeria’s collective investment scheme assets and drove the latest weekly increase. Their NAV rose by N45.81 billion, or 0.69%, from N6.672 trillion to N6.718 trillion.
By comparison, equity-based funds represented 2.42% of assets, while bond and fixed-income funds accounted for 2.34%, underscoring the industry’s concentration in money market and dollar-denominated products.
Nigeria’s collective investment scheme industry has recorded sustained growth in recent weeks, with NAV increasing from N9.539 trillion on August 21 to N9.885 trillion on October 9.
The N345.63 billion increase represented growth of 3.62% across seven consecutive week-to-week gains, with the largest weekly increase of approximately N129.71 billion recorded in the week ending October 2.
Money market fund NAV increased from N6.366 trillion on August 14 to N6.718 trillion, a gain of N351.32 billion, or 5.52%.
The money market segment subsequently reached N6.27 trillion by July 31, representing a 4.96% increase from N5.97 trillion in June.
Stanbic IBTC Money Market Fund remained Nigeria’s largest collective investment fund, with NAV of N3.126 trillion, according to the SEC fund-level rankings dated October 2.
The rankings also showed a strong concentration of the largest funds in money market products, with seven of the ten biggest funds belonging to that category.
Overall, the figures show an expanding collective investment industry that remains heavily concentrated in money market and dollar funds, while equity and bond funds together account for less than 5% of total assets.
