Africa ETP News
you are currently viewing::Nigeria: Investments in Mutual Funds Rise 80.8 Percent to N4.1trnFebruary 4, 2025--The appetite of Nigerian investors for Mutual Funds has surged with its total asset under management increasing by 80.8% Year on Year, YoY, to N4.1 trillion on January 24, 2025 from N2.3 trillion in the corresponding period 2024. Data released by the Securities and Exchange Commission (SEC), has shown that Money Market Funds were the most patronised as it recorded the highest asset value of N1.887 trillion and accounted for 45.81% of the total Net Asset Value, NAV of the Mutual Funds. Stanbic IBTC Asset Management's Money Market Fund was the most active accounting for 45.83% of the Fund's NAV. Following it was FBNQuest recording 20.43% of the NAV, while Cardinalstone Money Market Fund accounted for 7.5% of the NAV. Source: allafrica.com |
New World Bank Report Highlights Four Pathways to Spur Job Creation and Inclusive Growth in South Africa
February 28, 2025--A new World Bank report titled "Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions" asserts that a robust economic recovery, shared across all sectors of society, can be achieved in the immediate future by implementing a series of policy actions in four priority areas: infrastructure services, greater private sector participation, creating cities as engines of growth, and efficient public spending.
