Nigeria’s money market fund industry continued its impressive growth in April 2026, with total net assets rising to N5.68 trillion as investors increasingly shifted toward safer, more stable investment options.
Fresh data from the Securities and Exchange Commission showed that the sector expanded from N5.45 trillion recorded in March, highlighting strong investor confidence in low-risk financial instruments offering steady returns and liquidity.
The News Chronicle reports that rising yields in Nigeria’s fixed-income market have driven more retail and institutional investors toward money market funds as inflation and economic uncertainty continue to shape investment decisions. The sector now accounts for nearly 65 percent of the country’s total mutual fund assets, with more than 733,000 investors participating across 47 registered funds.
Among the best performing funds in April, RT Briscoe Money Market Fund topped the list with a return of 23.41 percent, followed by DLM Money Market Fund at 20.52 percent and STL Money Market Fund at 19.41 percent.
Other strong performers included Coronation, Trustbanc, Greenwich Plus and Page Money Market Funds, all posting returns above 18 percent.
Analysts say the growing interest reflects investors’ preference for capital preservation and consistent income in Nigeria’s challenging economic environment.
