Naira-denominated mutual funds surged by about 140 percent in one year as investor appetite shifted away from dollar assets, signalling renewed confidence in local currency investments.
Dollar-denominated mutual funds recorded slower growth, rising by 12 percent from N1,708 billion in 2024 to N1,920 billion by November 2025. In contrast, naira-denominated mutual funds expanded sharply, growing by about 140 percent from N2,289 billion to N5,480 billion over the same period.
The trend was highlighted in the 2025 Banking Industry Customer Experience Survey Report by KPMG, titled “Competing for the Customer – Beyond the Basics in an AI-Shaped Financial Landscape.”