Despite Covid-19 Effects, Mutual Funds Rise By 50% To N1.5trn
Despite the adverse impact of the Coronavirus, COVID-19 pandemic, on the Nigerian economy, fund managers have raised their investment in Collective Investment Scheme, CIS, otherwise known as mutual funds.
The Scheme itself has recorded a return...
SEC Sets Fresh Rules On Collective Investment Schemes
The Securities and Exchange Commission (SEC) has released rules for collective investment schemes (CIS) prescribing that units of a collective investment scheme shall be registered by the Commission.
According to the new rules, units subject to registration by...
