Nigeria’s money market fund segment increased to N6.49 trillion in net asset value (NAV) as of September 11, 2026, up 0.23 percent from N6.48 trillion a week earlier, according to data from the Securities and Exchange Commission of Nigeria.
The latest increase continues to solidify money market funds as the dominant segment of Nigeria’s collective investment industry, accounting for 67.95 percent.
The segment also continued to record strong returns, with the highest-yielding funds delivering more than 21 percent in year-to-date (YTD) returns. The top 10 funds ranked by YTD yield had combined assets of about N223.21 billion, representing roughly 3.44 percent of the total money market fund assets.
Zedcrest Money Market Fund (21.52%)
Zedcrest Money Market Fund emerged as the highest-yielding fund in the September 11 ranking, recording a 21.52 percent YTD yield.
The fund had an NAV of N22.11 billion and 10,703 unitholders. Its assets increased from N21.55 billion a week earlier.
Zedcrest’s return placed it ahead of Coronation, which recorded a 21 percent YTD yield.
Coronation Money Market Fund (21.00%)
Coronation Money Market Fund ranked second with a 21 percent YTD yield, while its NAV rose to N109.23 billion from N107.22 billion a week earlier.
The fund remained one of the largest in the category and had 22,504 unitholders, the highest number among the top 10 funds by yield.
Myrtle Nest Money Market Fund (20.40%)
Myrtle Nest Money Market Fund ranked third with a 20.40 percent YTD yield, making it one of only three funds in the ranking to exceed the 20 percent mark.
Its NAV stood at N970.79 million, up from N839.33 million the previous week, while its number of unitholders rose to 408.
DLM Money Market Fund (19.90%)
DLM Money Market Fund recorded a 19.90 percent YTD yield, ranking fourth among the funds reviewed.
Its NAV increased to N2.91 billion from N2.78 billion a week earlier, while the fund had 423 unitholders.
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STL Money Market Fund (19.41%)
STL Money Market Fund ranked fifth with a 19.41 percent YTD yield.
The fund had an NAV of N20.04 billion and 2,146 unitholders. Its assets were marginally higher than the N19.99 billion recorded a week earlier.
CardinalStone Money Market Fund (19.29%)
CardinalStone ranked sixth with a 19.29 percent YTD yield and an NAV of N43.57 billion.
The fund had 2,724 unitholders, while its assets increased from N43.19 billion in the previous week.
Alpha10 Money Market Fund (19.23%)
Alpha10 recorded a 19.23 percent YTD yield, placing seventh in the ranking. Its NAV stood at N2.67 billion, up from N2.15 billion a week earlier, while it had 319 unitholders.
Comercio Partners Money Market Fund (19.23%)
Comercio Partners also recorded a 19.23 percent YTD yield, tying Alpha10 in seventh place.
Its NAV stood at N3.56 billion, compared with N3.85 billion the previous week, while the fund had 911 unitholders.
Greenwich Plus Money Market Fund (19.18%)
Greenwich Plus ranked ninth with a 19.18 percent YTD yield and an NAV of N15.79 billion.
The fund had 1,164 unitholders, with its assets increasing from N15.59 billion a week earlier.
Page Money Market Fund (18.94%)
Page Money Market Fund completed the top 10 with an 18.94 percent YTD yield.
Its NAV stood at N2.35 billion, broadly unchanged from the previous week, while the fund had 331 unitholders.
The money market funds continued to combine relatively high YTD returns with growing assets. The category’s aggregate NAV rose by about N14.65 billion in one week, from N6.48 trillion to N6.49 trillion, while several of the highest-yielding funds recorded increases in assets over the same period.