The Securities and Exchange Commission (SEC) Nigeria has authorised Coinage Fund Management Ltd. (“Coinage Fund”), an investment management company with a focus on Africa, to function as a Fund/Portfolio Manager.
The company claims that the development is a major step towards its goal of democratising access to professional wealth management and reshaping the future of investment advisory in Nigeria and the larger African market.
Coinage Fund is now fully licensed to provide customised investment and portfolio management solutions to a wide range of clients, including high-net-worth individuals, mass affluent investors, emerging investors, institutions, and corporate organisations, according to a statement from the company.
According to the company, it enters the market at a time when there is a greater need than ever for organised, expert investment management.
Dr. Victor Afolabi, the chairman of the board, highlighted the company’s function as a catalyst for more intelligent capital deployment.
Due to a lack of access to the necessary expertise, far too many people and companies leave capital idle or mismanaged. He declared, “We are here to change that.
Biodun Oke, the company’s CEO, commented on the development and said the approval served as a launching pad for the company’s long-term goals as well as a validation of its strategic direction.
We at Coinage Fund Management Ltd. are constructing the wealth and retirement prospects of Nigeria’s future. Through ethical management techniques, well-informed decision-making, and a long-term investment philosophy, we are dedicated to assisting our clients in achieving financial security, retirement readiness, and sustainable wealth creation.
Strong governance frameworks, stringent regulatory compliance, and a client-first business model are how Coinage Fund sets itself apart.
The company claimed that it uses clever, technology-driven investment strategies to provide steady, risk-adjusted returns, supported by a team with more than 50 years of combined industry experience.
In addition to improving portfolio performance, the company is working towards a larger goal: developing a base of investors who are empowered and financially literate. By providing advisory services, thought leadership, and ongoing investor education,
The goal of Coinage Fund is to develop a new generation of “financially fit” people who are capable of achieving long-term financial independence.
It stated that its focus is still on unlocking value, maximising capital, and providing long-term financial results for its client as it begins full operations.
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