Money market funds cemented their position as Nigeria’s dominant collective investment scheme (CIS) in the second quarter of 2026, accounting for 65.29 percent of the industry’s total net asset value (NAV), as investors continued to favour low-risk investments amid elevated interest rates.
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Ayomide Odunlami
Ayomide Odunlami is a Tax Reporter at BusinessDay, covering Nigeria’s tax reforms, compliance trends, and government revenue strategies. She reports on how evolving tax policies affect businesses, investors, and the broader economy, providing clarity on complex regulatory issues through data-driven journalism.
