Increasingly, more Nigerians are turning to investment companies to grow their wealth and secure their financial future.
A report from the Nigerian Exchange (NGX) revealed that total transactions by foreign and domestic investors at the Nigerian stock market increased to $1.8 billion (N2.7 trillion) in the first four months of 2025. This growth reflects the expanding opportunities in Nigeria’s evolving financial landscape.
Investment companies are licensed firms that help individuals and organisations invest their money in various opportunities that can grow their wealth over time.
Instead of simply saving money in a bank account (which often yields very little interest), investment companies help clients utilise that money to generate additional income through financial tools such as stocks, bonds, real estate, mutual funds, and other instruments.
In this article, we highlight 10 of the most high-performing investment companies in Nigeria as of 2025.
What are the Top Investment Companies in Nigeria?
The best ones are registered with the Securities and Exchange Commission (SEC), have higher Assets Under Management (AUM), offer transparent returns, and use technology to make investing easy, even for beginners.
While this isn’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
| Segment / Fund | AUM / Fund Size | 2024–25 Performance | Clients / Units | Fast Facts |
| Wealth, Investment & Insurance (combined) | $6.35 bn (₦ 9.7 trn) | +33 % YoY growth (FY 2024) | – | Covers pensions, mutual funds, insurance, trustees |
| Stanbic IBTC Pension Managers | $2.87 bn (₦ 4.38 trn) | RSA Fund V: +19.44 % (2024) | 2 m+ RSA holders | Largest PFA in Nigeria since 2004 |
| Stanbic IBTC Asset Management | $654.45 b (₦ 1 trn +) | Flagship funds—Money Market 21 %, Equity 38 %, Dollar 7.5 % (2024) | – | Passed ₦ 1 trn milestone; manages diverse mutual funds |
| Money Market Fund (SIMMF) | $245.97 m (₦ 375.7 bn) | 21 % return (2024) | – | Largest money-market fund nationwide. |
| Dollar Fund | – | 7.5 % return (2024) | – | Popular FX hedge option. |
| Nigeria Equity Fund | – | 38 % return (2024) | – | Outpaced NGX All-Share. |
| SIAML ETF 40 | – | 88 % YtD (Dec 2024) | ETF units | Tracks NGX Pension 40 Index. |
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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.
They also provide wealth management advisory, risk management, and financial planning services.
The investment company is also specialised in investment funds, such as the Stanbic IBTC Dollar Fund and the Stanbic IBTC Money Market Fund.
2. FBNQuest Asset Management
| Segment / Fund | Fund Size | 2024 Performance* | Fast Facts |
| FBN Money Market Fund | $178.88 m (₦ 273.35 bn) (31 Jul 2024) | 23.60 % yield (Dec 2024) | Biggest retail money-market fund in Nigeria; invests in T-Bills, CPs, bank placements |
| FBN Balanced Fund | $5.60 m (₦ 8.55 bn) (31 Jul 2024) | 32.14 % YTD return (Dec 2024) | Mix of equities 37 %, bonds 30 %, money-market 33 % (Jul 2024) |
| FBN Bond Fund | $22.94 m (₦ 35.04 bn) (31 Jul 2024) | 11.70 % annualised, 12.73 % YTM (Jul 2024) | 89 % FGN bonds; low-to-medium risk profile |
| FBN Dollar Fund | $35.16 m (₦53,745 bn) (31 Jul 2024) | 7.68 % annualised, 7.76 % YTM (Jul 2024) | Tracks sovereign & corporate Eurobonds; serves as FX hedge |
| FBN Specialized Dollar Fund | $53.63 m (₦81.95 bn) (31 Jul 2024) | 9.43 % annualised, 8.93 % YTM (Jul 2024) | Broader mandate—non-Nigerian Eurobonds up to 20 % |
| FBN Halal Fund | $5.70 m (₦ 8.71 bn) (31 Jul 2024) | 14.55 % annualised, 15.61 % YTM (Jul 2024) | Sharia-compliant (Sukuk, Ijarah, Mudarabah); medium risk |
When you open and fund a brokerage account with FBNQuest Securities, you immediately gain access to an abundance of stocks, bonds and funds to choose from.
Their brokerage account provides you with a variety of investment options, as well as research, guidance, information, trading tools, and personalised services from financial specialists.
3. ARM Investment Managers
| Segment / Fund | Fund Size | 2024 Performance* | Fast Facts |
| ARM Money Market Fund | $62.09 m (₦ 94.84 bn) (Jul 2024) | 14.07 % YTD | Focuses on T-Bills, CPs, bank placements, and low-risk cash park. |
| ARM Discovery Balanced Fund | $4.19 m (₦ 6.41 bn) (Jul 2024) | 15.24 % YTD | 56 % equities, 44 % bonds—blended growth + income. |
| ARM Aggressive Growth Fund | $ 2.48 m (₦ 3.79 bn) (Jul 2024) | 14.45 % YTD | 88 % equities; heavy tilt to Dangote Cement & BUA Foods. |
| ARM Eurobond Fund | ₦ 16.35 bn (≈ $10.95 m, Jun 2025) | 4.26 % YTD | USD-denominated sovereign & corporate Eurobonds; FX hedge. |
| ARM Short-Term Bond Fund | $916,451 (₦ 1.40 bn) (Jul 2024) | 10.91 % YTD | Max 3-year duration; mix of FGN & top-tier corporate bonds. |
| ARM Ethical Fund (Sharia-compliant) | $615,915 (₦ 0.94 bn) (Jul 2024) | 19.35 % YTD | Tracks NSE Lotus + Sukuk; balanced equity/alternative mix. |
ARM Investment Managers is popular for its mutual fund services. The funds invest in a diverse range of high-quality securities and other assets, enabling investors to achieve their investment objectives.
The company also gives investors access to trade in high-quality securities and provides in-depth market research and competitive pricing of securities transactions to ensure positive earnings.
They also partner with high-net-worth clients to build and manage their wealth with tailored investment solutions.
4. United Capital Asset Management (UCAML)
| Segment / Fund | Fund Size | 2024 Performance | Fast Facts |
| UCAML – total AUM | $654.45 b (₦ 1 trn +) | — | 11 SEC-registered mutual funds covering cash, bonds, equities, dollar assets, Sukuk |
| Money Market Fund | $ 92.79 m (₦ 141.75 bn) (13 Jun 2025) | 22.30 % annualised (Aug 2024) | Retail cash-parking vehicle; invests in T-Bills, CPs, bank placements |
| Nigerian Eurobond Fund | $114.12 m (₦ 174.39 bn) (13 Jun 2025) | 5.36 % YTD (Apr 2024) | USD-denominated FGN & blue-chip Eurobonds—popular FX hedge |
| Fixed Income Fund | $56.97 m (₦ 87.04 bn) (05 Jun 2025) | 6.50 % annualised YTD (Dec 2024) | Mix of FGN, top-tier corporate bonds; low-to-medium risk |
| Balanced Fund | — | 30.41 % YTD (Dec 2024) | Rough split: ~43 % equities, ~33 % bonds, rest cash/FDs |
| Equity Fund | $2.47 m (₦ 3.77 bn) (13 Jun 2025) | 24.93 % YTD (Oct 2024) | Tracks NGX equities; holds large-cap banks, cement, telcos |
| Sukuk Fund | $2.75 m (₦ 4.20 bn) (30 May 2025) | — | Sharia-compliant (sovereign & corporate Sukuk only) |
United Capital stands out as one of the leading investment and asset management companies in Nigeria.
They offer a diverse range of investment products and have a solid track record of delivering consistent returns.
Recently, United Capital, the parent company, expanded its reach with the establishment of a new asset management subsidiary in Côte d’Ivoire, serving eight West African countries.
5. AXA Mansard Investments
| Segment / Fund | Fund Size | 2025 YTD / 2024 Performance | Fast Facts |
| Money Market Fund | $74.09 m (₦ 113.2 bn) (31 May 2025) | 20.55 % YTD (31 May 2025) | A+ (Agusto) rating. Invests in T-Bills, CPs, and bank placements. Quarterly payout |
| Equity Income Fund | $448,646 (₦ 685.49 m) (05 Jun 2025) | 14.62 % YTD (03 Jul 2025) | Min buy-in ₦ 10k. Equity-heavy mix aimed at growth + dividends |
| Dollar Bond Fund | $ 18.9 m (₦13.6 bn) (31 May 2025) | 7.19 % YTD (31 May 2025) | USD-denominated sovereign & corporate Eurobonds. Six-month lock-in |
AXA Mansard Investments offers a range of investment services, including mutual funds (Money Market and Equity Income), non-discretionary portfolios, and customised investment plans.
There’s the Money Market Fund that enables you to save in low-risk, very liquid, short-term instruments. The underlying assets comprise treasury bills, fixed deposits, and commercial paper with high credit ratings.
The company also offers access to various insurance products, including health, life, motor, and travel insurance.
One of their unique investment offerings is the Dollar Bond Fund, which can be accessed through USSD code 9872#.
6. Meristem Securities
| Segment / Fund | Fund Size | 2025 YTD / 2024 Performance | Fast Facts |
| Meristem Money Market Fund (MMMF) | $2.49 m (₦ 3.8 bn) | 20.37 % yield (as at 3 Jun 2025) | Invests in T-Bills, commercial papers, bank placements, and low-risk cash park |
| Meristem Fixed Income Fund (MFIF) | — | 16.91 % yield (as at 3 Jun 2025) | Blend of FGN + top-tier corporate bonds; targets medium-term income |
| Meristem Dollar Fund | — | 9.60 % yield (as at 3 Jun 2025) | USD-denominated Eurobonds; provides a naira-hedge option |
| Meristem Equity Market Fund (MEMF) | $676,825 (₦ 1.033 bn) (05 Jun 2025) | 25.81 % YTD return (31 Oct 2024) | ~90 % equities; heavy tilt to NGX large-caps (banks, cement, telcos) |
Meristem Securities Limited offers expert wealth management, stockbroking, asset management, and trusteeship services in Nigeria.
They are a capital market conglomerate known for wealth creation, preservation, and transfer for individuals and corporations.
As part of their stockbroking service, Meristem Securities provides digitalised equity trading platforms, data-driven investment insights, and margin loans for securities trading.
7. FSDH Asset Management
| Segment / Fund | Fund Size | 2025 YTD Performance | Fast Facts |
| Coral Money Market Fund (CMMF) | $38.80 m (₦ 59.27 bn) (13 Jun 2025). | 22.88 % return (mid-Feb 2025). | Low-risk cash park—T-Bills + CPs; pays quarterly income |
| Coral Balanced Fund | $1.57 m (₦ 2.4 bn) | 33.45 % YTD return | Mix: 60 % equities / 40 % fixed-income; suits growth-minded savers |
| Coral Income Fund | $1.70 m (₦ 2.6 bn) | 5.85 % YTD return. | 70 %+ in bonds; targets steady coupons over capital gains |
| FSDH Dollar Fund | $ 3.6 m (₦ 5.5 bn) | 3.26 % YTD return. | USD-denominated Eurobonds offer a simple FX hedge |
| FSDH Halal Fund | $327,869 (₦ 500 m) | 23.74 % YTD return | Sharia-compliant mix of Sukuk + cash; minimum buy-in ₦10 k |
Four key aspects distinguish FSDH Asset Management as a leading investment company in Nigeria.
First, they provide tailored investment solutions backed by expertise and comprehensive market analysis. However, they also have a skilled team that can manage a range of funds, carefully selecting investments to achieve optimal returns for clients.
Portfolio management is also part of their service, along with advisory services for high-net-worth individuals.
8. Afrinvest
| Year established | 1995 |
| Key services | Investment banking, securities trading, asset management, trust services, and consultancy |
| Website | afrinvest.com |
| Headquarters | Ikoyi, Lagos. |
Afrinvest is a Nigerian investment company and a holding company with expertise in various areas, including investment banking, asset management, and securities trading.
They provide a range of services, including financial advisory, capital raising, and investment research, and are regulated by the SEC.
Afrinvest is a dealing member of the NGX and provides securities trading services, focusing on exclusive investment products and real-time market insights.
Earlier in May, the investment company opened series 3 & 4 Commercial Paper Issuance of up to ₦15 billion for investor subscription.
9. Arthur Stevens Asset Management
| Year established | 2002 |
| Key services | Trading, portfolio management, research, and corporate finance. |
| Website | arthursteven.com |
| Headquarters | Ikoyi, Lagos |
Arthur Stevens is another reliable investment firm duly licensed as a dealing member firm by the NGX and the Securities and Exchange Commission.
The process of using this company for investment is seamless and beginner-friendly. They are involved in trading stocks, Treasury bills, and Investments.
10. Norrenberger Financial Services
| Year established | 2017 |
| Key services | Financial advisory services to individual and corporate clients. |
| Website | norrenberger.com |
| Headquarters | Maitama, Abuja |
Norrenberger Financial Services offers a range of financial solutions, including asset management, investment banking, pension services, securities trading, and insurance.
They also provide development finance, fintech, and digital banking services.
One of the things that makes this investment company stand out is its heritage services (managing lost shares and dividends).
They also provide portfolio management and customised solutions for high-net-worth individuals and institutions.
What Are the Roles of These Investment Companies?
Each of these firms can help individuals, businesses, and even governments grow their wealth, manage risks, and build financial stability over time.
Here are different areas where their services prove useful:
1. Wealth Management
They manage money for people. This could be someone earning a salary or a millionaire with several businesses.
For example, a ‘middle-income’ earner may go to Stanbic IBTC Asset Management and invest N100,000 per month in a mutual fund.
The fund manager pools that money with that of other investors and invests in a basket of stocks and government bonds. Over time, that money grows, and the investor gets returns.
2. Investment Advisory
They provide professional advice on what to invest in, tailored to your income, risk appetite, and financial goals.
If you want to invest in your child’s university education in 10 years, a company like ARM Investment Managers can suggest low-risk, long-term investment options like bonds or education-focused mutual funds.
3. Portfolio Management
Let’s say you have N5 million. Instead of putting it all in one place, investment companies like Meristem Wealth Management provide a platform for you to split your investments across real estate, Treasury Bills, and the Nigerian Stock Exchange.
That way, your money is spread across different assets, lowering your risk. They build and manage a mix of investments on your behalf.
4. Collective Investment Schemes (Mutual Funds)
They pool money from many investors into a single large fund, which they manage on behalf of all the investors.
For example, FBNQuest Asset Management offers mutual funds, such as the FBN Fixed Income Fund.
Even with as little as N5,000, you can join thousands of Nigerians investing in bonds, and you earn a share of the returns.
Investment-focused fintech apps, such as Cowrywise, Bamboo, and Risevest, among others, also offer this service.
5. Access to Capital Markets
They help individuals and companies buy and sell stocks, bonds, and other securities through the Nigerian Exchange (NGX) and FMDQ (for fixed income securities).
Through the platform of these investment firms, you can open a stock trading account, and they’ll execute buy/sell orders for you and give you a report on how your stocks are performing.
6. Private Equity and Venture Capital
Some firms invest in startups or growing businesses in exchange for ownership (equity).
The Chapel Hill Denham investment company is recognised for its investments in infrastructure and social enterprises. They could invest in a solar energy startup in exchange for 20% ownership and help it grow.
7. Pension Fund Administration
Some investment firms run pension funds and manage the retirement savings of Nigerians.
For example, ARM Pensions or Stanbic IBTC Pensions manage retirement accounts for people who contribute to the Nigerian Pension Scheme (like PENCOM).
How To Choose the Right Investment Company in Nigeria
Here are the key factors to consider when deciding which company to trust with your money. The companies we enlisted in this post meet these criteria:
- Regulation and Licensing: Always confirm that they are registered with the Securities and Exchange Commission (SEC) of Nigeria, the NGX if they offer stocks, and even PENCOM, if it’s a pension-related investment.
- Track Record and Reputation: How long have they been operating? Have they been involved in scams or customer complaints? What do people say about them online? Answers to these questions can help you make a more informed decision.
- Minimum Investment Requirement: Some firms accept as low as ₦5,000, while others require ₦100,000 or more. Choose what fits your budget.
- Performance History: How has their mutual fund or portfolio performed in the last 1, 3, or 5 years? What are their average returns?
Other factors, such as active customer service and the provision of investment guides, are often overlooked but also matter.
Whether you’re a beginner investing N10,000 or a business owner with N10 million, these companies provide the tools and support to grow wealth over time.
But you must choose wisely. Do your research, understand what you’re investing in, and don’t go for “get-rich-quick” schemes.
NOTE:
- Exchange rate used in this article is N1,528/$1 on July 16, 2025
- The list of entities provided here is intended for informational purposes only and does not constitute a recommendation, endorsement, or advice.
