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Top Asset management companies in Nigeria (2025 ranking & performance)

Top Asset Management Companies in Nigeria (2025 Ranking & Performance)
Top Asset management companies in Nigeria (2025 ranking & performance)
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Asset Management Companies (AMCs) are professional firms that pool funds from individuals, institutions, and businesses to invest in financial securities.

Nigeriaโ€™s financial sector has built a competitive ecosystem of AMCs. In this article, we focus on the top-rated asset management companies in Nigeria.ย 

They have consistently topped performance tables released by the Securities and Exchange Commission (SEC).ย 

Their funds often outperform inflation-adjusted benchmarks, making them reliable partners for both short-term savers and long-term investors.

Top Asset management companies in Nigeria (2025 list)

While this isnโ€™t an exhaustive list, it provides a solid starting point for comparing your options and selecting the one that best suits your financial goals.

  1. Stanbic IBTC Asset Management
  2. FBNQuest Asset Management
  3. United Capital Asset Management
  4. Chapel Hill Denham Management
  5. ARM Investment Managers
  6. FSDH Asset Management
Asset Management CompanyAUM (โ‚ฆ Billion)Market Share (%)Key PerformanceNotable Strengths
Stanbic IBTC Asset Managementโ‚ฆ841.341.96%Crossed โ‚ฆ1 trillion total AUM in 2023Largest AUM in Diversified product portfolio
FBNQuest Asset Managementโ‚ฆ319.415.93%FBN Money Market Fund: 19.75% yield, Smart Beta Equity Fund: 51.44% YTD returnStrong retail presence
United Capital Asset Managementโ‚ฆ284.814.20%Over โ‚ฆ1 trillion total AUM (including non-CIS)Strong institutional client base, Technology-driven approach
Chapel Hill Denham Managementโ‚ฆ161.68.06%Money Market Fund AUM: โ‚ฆ20.9bn (Q1 2025), 73.3% AUM growth (2024)Focus on infrastructure investment
ARM Investment Managersโ‚ฆ101.15.04%Part of ARM HoldCo (โ‚ฆ2bn+ group AUM)Real estate and private equity focus
FSDH Asset Managementโ‚ฆ21.71.08%AUM doubled over 6 yearsInfrastructure debt fund specialist

How we ranked the Top Asset managers

In this feature, the Net Asset Value (NAV) of all collective investment schemes (CIS) as of August 8, 2025, has been used as a proxy to highlight the scale and performance of Nigeriaโ€™s leading asset managers.ย 

Also, the following criteria stood:ย 

  • Size of Assets Managed (AUM): Firms handling larger pools of funds are often more stable and have proven industry credibility.
  • Performance History: A consistent record of returns signals reliability and effective management.
  • Range of Investment Options: Firms that provide multiple products (such as mutual funds, fixed-income products, or tailored portfolios) give investors flexibility.
  • Reputation and Client Support: Strong brand trust, backed by responsive customer service, enhances overall investor confidence.
  • Team Expertise: The knowledge and experience of the professionals managing your funds are critical to long-term success.

Insight into the Best Asset management companies in Nigeria

AMCs channel money into various instruments, including money market funds, equities, bonds, and mutual funds.ย 

For many Nigerians, they serve as a bridge between savings accounts that earn little and riskier ventures, such as direct stock trading.

Stanbic IBTC Asset Management

Stanbic IBTC Asset Management
Total AUMโ‚ฆ1+ trillion (total), โ‚ฆ841.3 billion (mutual funds)
Asset Mgt. RangeMutual Funds (12+ funds), ETFs (ETF 30, Pension ETF 40), Dollar-denominated funds, Shariah-compliant funds, Independently Managed Portfolios, and Corporate schemes
Key Investment ProductsMoney Market Fund, Equity Fund, Dollar Fund, Balanced Fund, Ethical Fund, Enhanced Short-term Fixed Income
Minimum Investmentโ‚ฆ5,000 (retail mutual funds)

Stanbic IBTC Asset Management offers a range of services, including traditional investments such as equities, fixed income, and mutual funds, as well as alternative investments like private equity.ย 

They also provide wealth management advisory, risk management, and financial planning services.ย 

The investment company is also specialised in investment funds, such as the Stanbic IBTC Dollar Fund and the Stanbic IBTC Money Market Fund.

FBNQuest Asset Management

FBNQuest Asset Management
Total AUMโ‚ฆ319.4 billion (mutual funds)
Asset Mgt. RangeMoney Market Funds, Fixed Income Funds, Equity Funds (Smart Beta), Eurobond Funds, Halal/Islamic Funds, Blended Dollar Funds, and Specialized Dollar Funds
Performance HighlightMoney Market Fund: 19.75% yield, Smart Beta Equity Fund: 51.44% YTD, Fixed Income Fund: 11.66% YTD.ย 
Investment horizonShort-term (1-2 years) to Long-term (5+ years)

FBNQuest runs a slate of mutual funds (equity, fixed income, and Shariโ€™ah-compliant strategies) backed by regular factsheets and a visible research team.ย 

Its retail minimums are deliberately low to attract mass retail, while its institutional desks handle large mandates. What distinguishes FBNQuest is the combination of parent-bank backing and a focused product playbook.

The house builds funds that suit defined goals (income, growth, preservation) and then supports those funds with measurable reporting and adviser channels.

United Capital Asset Management

United Capital Asset Management
Total AUMโ‚ฆ1+ trillion (total), โ‚ฆ284.8 billion (mutual funds)
Asset Mgt. RangeCollective Investment Schemes, Segregated Portfolio Management, Fixed Income Securities, Equity Investments, Money Market Instruments, and Global Fixed Income
Service CategoriesMutual Funds, Wealth Management, Institutional Services, Advisory Services
Minimum Investmentโ€“

United Capital trades on brand recognition and wealth-management pedigree.ย 

The firmโ€™s asset management arm packages everything from money-market and fixed-income funds to thematic equity and global fixed-income products, all presented with frequent fact sheets and portfolio commentary.ย 

For intermediaries and high-net-worth clients, United Capitalโ€™s strength is an integrated advisory model (portfolios that can be bespoke yet benefit from a group-level research function).ย 

Chapel Hill Denham Management

Chapel Hill Denham Management
Total AUMโ‚ฆ20.9 billion (Money Market Fund Q1 2025), โ‚ฆ161.6 billion (total mutual funds)
Asset Mgt. RangeMoney Market Funds, Infrastructure Debt Funds, Fixed Income Securities, Equity Investments, Alternative Investments, and Wealth Management Solutions
RecognitionFund Manager with Largest Listed Fund Size (NGX 2023), Most Active Transaction Sponsor (FMDQ 2023)
Minimum Investmentโ€“

Chapel Hill Denham has built a reputation as Nigeriaโ€™s pioneer in alternative assets.

Its equity flagship funds often reveal concentrated positions in blue-chip exporters and consumer names, which explains both the upside in good months and the volatility when markets retrench.ย 

ARM Investment Managers

ARM Investment Managers
Total AUMโ‚ฆ101.1 billion (mutual funds), around โ‚ฆ2 billion (group total)
Asset Mgt. RangeTraditional Asset Management, Alternative Investments, Real Estate (Mixta Nigeria),ย  Private Equity (ARM Capital Partners), Infrastructure (ARM Harith), and Pension Fund Management
Specialized fundsReal Estate Investment Trusts, Private Equity, and Infrastructure funds
Minimum Investmentโ€“

ARM offers mutual funds, pension solutions, discretionary mandates, and digital investment services under ARMOne.ย 

The groupโ€™s scale offers it several advantages, including access to large fixed-income placements and a technology layer for retail engagement.ย 

ARMโ€™s conservative posture in fixed-income funds explains why many conservative and medium-risk investors park short-term cash with them. In short, ARM sells trust as much as returns.

FSDH Asset Management

Total AUMโ‚ฆ192 billion (December 2024), โ‚ฆ21.7 billion (mutual funds)
Asset Mgt. Range5 Collective Investment Schemes, 15 Privately Managed Funds, Infrastructure Debt Fund (โ‚ฆ200bn shelf), Money Market Funds,ย  Fixed Income Securities, and Corporate schemes
Specialized focusInfrastructure financing, institutional client services
Minimum Investmentโ€“

FSDH product book includes money-market, income, balanced, and specialist funds (including Halal and dollar-denominated options).ย 

The firm leans on active credit research and a domestic markets focus, aiming to pick high-quality short-term debt and selectively priced corporate opportunities.ย 

Why investors choose these firms

Performance is the first reason investors gravitate toward these managers.ย 

Firms like Stanbic IBTC and ARM have demonstrated resilience during market turbulence, offering competitive yields even in challenging macroeconomic conditions.ย 

Beyond returns, product range matters. These firms provide diverse products. It could be conservative money market funds, equity-focused funds, sharia-compliant portfolios, or fixed-income products.ย 

This breadth allows investors to choose options that align with their goals and risk appetite.ย 

Trust completes the equation. With decades of experience, strong governance frameworks, and backing from reputable parent companies, these managers inspire confidence.ย 

For investors weary of Ponzi schemes and financial scandals, that credibility is worth its weight in gold.

Note:ย 

  • The data provided for the ranking is based on the information available as of the time of writing and is subject to change with new developments in the money market.
  • The list of entities provided here is intended for informational purposes only and does not constitute a recommendation, endorsement, or advice.

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