Nigeria: Nigeria’s Assets Under Management hit N10trn — SEC — Africa Links 24

Nigeria’s Assets Under Management, AUM, increased from N3.2 trillion to N10 trillion within the last two years, the Securities and Exchange Commission, SEC, has said.

The Director-General of SEC, Dr Emomotimi Agama, disclosed this on Monday in Lagos during an event marking Nigeria’s transition to the T+1 settlement cycle.

Mr Agama said the growth reflected rising investor confidence and the positive impact of ongoing reforms in the Nigerian capital market.

He noted that the market…