The Nigerian mutual fund industry is having a standout year, with returns of investment on several funds surging above 50 percent in the first seven months of 2025.
Mutual Funds are created with the purpose of pooling funds from various investors who are willing to diversify their holdings.
The general growth of mutual funds is driven by the exceptional performance of equity mutual funds, which are outperforming their money market counterparts and the broader Nigerian Exchange (NGX), year-to-date.
BusinessDay analysis shows that five m
