What is Asset Management in Nigeria

Here's everything you need to know about asset management and its license in Nigeria.

Temmy Samuel

What is Asset Management in Nigeria

Recently, Nigerian lender Sycamore expands into asset management with SEC licence. This term "asset management" has triggered many students to begin asking me about what asset management means in Nigeria. In this article, I'm going to explain everything you need to know about asset management, it licensing with the SEC and requirements to obtain an asset management license in Nigeria. What is Asset Management Asset management can be defined as the professional oversight of various financial assets—such as stocks, bonds, and real estate—to achieve specific investment goals for the benefit of clients. For example, the Nigerian lender Sycamore that's diving into asset management secured a fund manager licence to operate as a fund and portfolio manager. Furthermore, the digital lending company is diversifing portfolios across stocks, bonds, and money-market instruments in local and foreign currencies. The Fund/Portfolio Manager licence is the operating licence that must be ob…

About the author

Temmy Samuel

He is a seasoned journalist with extensive experience in consumer tech, economy, finance, business, money and politics. Currently chasing a BSc degree in Accounting.

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