The First Ally Money Market Fund has taken the top spot in Nigeria’s money market fund rankings for September 2026, recording a year-to-date yield of 21.43%. This performance displaces the Coronation Money Market Fund, which held the lead in August and currently sits in second place with a 21.11% yield.

Data from the Securities and Exchange Commission shows that the broader money market segment continues to expand, with total net asset value reaching N6.56 trillion as of September 25. The sector now comprises 49 funds, serving over 910,000 unitholders, as investors increasingly prioritize liquidity and stable returns within the high-yield fixed-income environment.

Nigeria’s money market fund industry expanded to N6.27 trillion in net asset value (NAV) as of July 31, 2026, marking a 4.96 percent increase from June. The segment, which accounts for 66.74 percent of the total mutual fund industry, also saw its unitholder base grow by 5.86 percent to 846,933. DLM Money Market Fund led the July rankings with a 20.69 percent year-to-date yield, followed by Coronation Money Market Fund and RT Briscoe Savings and Investment Fund. Notably, all top 10 funds in July achieved yields exceeding 18 percent.

Nigeria’s money market fund segment reached a net asset value of N6.27 trillion by the end of July 2026, marking a 4.96% increase from June. The sector now comprises 48 funds and accounts for over 66% of total mutual fund assets in the country. With strong demand for liquidity and stable returns, unitholder numbers grew by 5.86% to over 846,000. The DLM Money Market Fund currently leads the top ten rankings with a year-to-date yield of 20.69%, followed by Coronation Money Market Fund and RT Briscoe Savings and Investment Fund.

Fifteen stocks on the Nigerian Exchange have delivered year-to-date returns exceeding 100% as of August 14, 2026, significantly outperforming the 55.91% gain recorded by the NGX All-Share Index. SCOA Nigeria leads the group with a 365.49% increase, followed by Union Dicon Salt and R T Briscoe. While the list spans diverse sectors, the data highlights a clear divergence between share price appreciation and underlying financial performance, with several top gainers continuing to report net losses. Fortis Global Insurance remains a significant outlier, having surged 1,215% following its return from a multi-year trading suspension and a share consolidation.

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the regulator will maintain heightened supervision of the banking sector despite the successful conclusion of the recent recapitalisation exercise.

Speaking at the BusinessDay 14th Annual CEO Forum, Cardoso noted that while the industry raised between N4 trillion and N5 trillion in fresh capital to build resilience against economic shocks, continuous oversight remains essential. He emphasized that the stronger capital base is intended to support eventual increased lending to the private sector once inflation and interest rates moderate. Cardoso also warned banks against indiscriminate lending, urging them to prioritize sophisticated risk management and proper analysis, especially when navigating complex sectors like oil and gas. The CBN plans to collaborate with financial institutions to enhance their internal risk assessment capabilities.

The Nigerian equities market recorded a significant downturn on Monday, with the All-Share Index falling 0.84% to 241,749.11 points. Market capitalization shrunk by approximately N1.32 trillion, dropping to N155.13 trillion as profit-taking triggered widespread sell pressure across 46 stocks.

The industrial goods sector was the hardest hit, led by a 9.99% decline in BUA Cement. Other significant laggards included PZ Cussons, which fell 10%, along with notable losses in major banking stocks like FCMB Group, FBN Holdings, Zenith Bank, and GTCO. Despite the negative price movement, market activity increased, with trade volume rising 18.66% and total value traded jumping 33.39% to N22.28 billion. The market’s year-to-date return currently stands at 55.35%, with analysts attributing the sell-off to investor portfolio rebalancing.

The Nigerian equities market recorded a significant decline on Monday, with investors shedding N1.32 trillion in market capitalization as profit-taking swept through the industrial goods, banking, and consumer goods sectors. The NGX All-Share Index fell by 0.84% to close at 241,749.11 points, bringing the market capitalization to N155.13 trillion.

The session was marked by intense sell pressure, with 46 stocks recording losses against 19 gainers. BUA Cement led the industrial retreat with a 9.99% decline, while PZ Cussons emerged as the day’s biggest loser, dropping 10%. Banking heavyweights, including FCMB and First HoldCo, also faced notable declines. Despite the negative price movement, market activity intensified, with trade volume rising by 18.66% and total value surging by 14.81% to N22.28 billion. Year-to-date returns now stand at 55.35%.