Best Money Market Funds in Nigeria
Nigeria has 47 SEC-registered money market funds chasing the same low-risk investors, and their yields aren't as close as you'd think. We rank them below by yield and size, current as of 19 June 2026, and it updates itself the moment SEC publishes new figures.
Money market funds are the most liquid corner of Nigeria's SEC-regulated fund industry, built for investors who want a return on idle cash without locking it away. Across the 47 funds tracked here, published yields currently range from 10.5% to 20.6%, a spread of 10.1% between the highest and lowest performer this reporting week.
Coronation Money Market Fund, managed by Coronation Asset Management Limited, currently leads on week-to-date yield at 20.6%, with a net asset value of ₦75.54B. That said, the top fund by yield in a given week is not always the top fund by size, or the top fund next week, so the leaderboard below lets you switch between yield and size to see the full picture.
Top 10 money market funds
Tap a metric to re-rank. Tap a fund to see its full numbers.
Ranking updates automatically as new SEC fund data is published.
Why these numbers move
Week-to-date yield reflects only the most recent SEC reporting week, annualised. It moves the most from update to update, since it is sensitive to that week's short-term conditions.
Year-to-date yield smooths this out by tracking cumulative performance since January, so it is a steadier signal if you are comparing funds over a longer horizon.
Fund size (NAV) tells you how much money other investors have placed in the fund. It is a signal of scale and trust, not a signal of return, so a large fund is not automatically a higher-yielding one.
See what a money market yield means for your money
Adjust the amount and rate below. The rate starts at Coronation Money Market Fund's current week-to-date yield, but yields change, so play with the slider to see how sensitive your outcome is.
Estimated balance
after 1 year · gain: NGN 114,341
Money market funds vs. fixed income vs. equity funds
Where money market funds sit against the other main fund types, on the numbers and the fundamentals.
| Money market funds | Fixed income / bond funds | Balanced funds | Equity funds | |
|---|---|---|---|---|
| Median WTD yield | 16.71% | 0.16% | 0.13% | -0.21% |
| Funds tracked | 47 | 42 | 29 | 18 |
| Total NAV | ₦5.95T | ₦443.28B | ₦156.99B | ₦230.16B |
| Risk level | Low | Low-medium | Medium | High |
| Liquidity | High, often next-day | Medium | Medium | Medium |
| Typical horizon | Days to months | 1-5 years | 3-7 years | 5+ years |
Yield, fund count, and NAV are live SEC figures. Risk, liquidity, and horizon are general characteristics of each fund type, not fund-specific guarantees.
About Coronation Asset Management Limited
Coronation Asset Management Limited manages the current top-ranked fund by week-to-date yield, Coronation Money Market Fund, and runs 4 funds tracked on this site in total.
Frequently asked questions
What is a money market fund?+
A money market fund is a mutual fund that invests in low-risk, short-term instruments such as treasury bills, commercial paper, and short-dated bank deposits. In Nigeria they are SEC-regulated and commonly used for short-term savings and cash you may need on short notice.
What do week-to-date (WTD) and year-to-date (YTD) yield mean?+
Week-to-date yield reflects the fund’s reported return over the most recent SEC reporting week, annualised for comparison. Year-to-date yield reflects the cumulative return since the start of the year. WTD moves more, since it reflects only the latest week; YTD gives a steadier picture of performance so far this year.
Are Nigerian money market funds risk-free?+
No investment is entirely risk-free. Money market funds are generally lower-risk than equity or bond funds because they hold short-term instruments, but returns are not guaranteed and yields move with the interest rate environment. Always confirm a fund manager’s SEC registration before investing.
How often does this ranking update?+
This page is generated from the latest SEC collective investment scheme report (currently dated 19 June 2026). Rankings and figures refresh automatically each time SEC publishes new fund data, no manual editing required.
Does a bigger fund mean a better return?+
Not necessarily. A fund’s net asset value (NAV) reflects its size, not its yield. Some of the largest money market funds by NAV are not the highest-yielding, and smaller funds can post competitive yields. Check both figures separately before deciding.
Educational use only. Figures are useful for comparison but are not investment advice.