Nigeria, May 12 -- Fresh data from the Securities and Exchange Commission showed that the sector expanded from N5.45 trillion recorded in March, highlighting strong investor confidence in low-risk financial instruments offering steady returns and liquidity.



The News Chronicle reports that rising yields in Nigeria's fixed-income market have driven more retail and institutional investors toward money market funds as inflation and economic uncertainty continue to shape investment decisions. The sector now accounts for nearly 65 percent of the country's total mutual fund assets, with more than 733,000 investors participating across 47 registered funds.



Among the best performing funds in April, RT Briscoe Money Market Fund topped the ...