Nigeria’s investment funds hit $2.76bn
TOTAL net asset of collective investment schemes and funds in Nigeria has risen by N348 billion to $2.76 billion (N993 billion), an increase of about 54 per cent in a year.
Official reports coordinated by Nigeria’s apex capital market authority, Securities and Exchange Commission (SEC), indicated increasing recourse to formal fund management by Nigerians but most Nigerians appeared to favour less risky, interest-yielding fixed-income financial assets…
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