Nigeria Investing

Naira-Denominated Fund

Definition

What is Naira-Denominated Fund?

A fund whose units and primary reporting currency are in Nigerian naira.

Example in practice

The investor subscribes and redeems in naira.

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Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.

A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.

Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.

A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.

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