The Nigeria’s mutual funds industry is valued at N1.58 trillion as at the last quarter of the year 2020. The industry is largely dominated by the big five (controlling about 75% of the asset under management (“AUM”) in Nigeria). As of October 2020, the Stanbic IBTC Asset Management Limited had a total AUM of N649 billion (representing 41.04% of the industry), the FBN Capital Asset Management Limited had AUM of N272.2 billion (amounting to 17.21%), the UBA Asset Management Company had AUM of N150.2 billion (equivalent of 9.5%), the Asset and Resources Management Limited managed about 6.72% of the industry (equivalent … Continue reading REQUIREMENTS FOR REGISTRATION AS FUND/PORTFOLIO MANAGERS IN NIGERIA