With a cumulative net asset value of over N5.9 trillion, Nigeria’s asset management industry is a critical pillar of the country’s financial services ecosystem.
Asset management companies (AMCs) not only facilitate wealth creation for individuals, corporates, and institutions, but also serve as key channels for capital allocation across the economy fueling infrastructure, innovation, and industrial growth.
These firms typically structure their portfolios across money market funds, equity funds, fixed-income funds, and balanced/mixed funds, offering a diverse range of investment vehicles for varying investor needs and risk appetites.
Money market funds provide safety and liquidity; equity funds offer high-risk, high-reward growth; fixed-income funds deliver stability and predictable returns; and balanced funds combine both approaches.
In this feature, the Net Asset Value (NAV) of all collective investment schemes (CIS) as of 20th June 2025 has been used as a proxy to highlight the scale and performance of Nigeria’s leading asset managers and the strategic executives behind them.
- NAV: N762.9 billion
Ike Onyia is the current MD/CEO of First Asset Management Limited (FAML), the investment management arm of First Holdings Plc. With over two decades of expertise in portfolio management, private equity, corporate finance, and investment advisory, he leads the firm’s strategic vision in both traditional and alternative asset markets. He also serves as a non-executive director at FBNQuest Capital and FBNQuest Funds.
Before joining FAML in 2016, Ike held leadership roles across some of Nigeria’s leading investment firms, including Zenith Capital, FSDH Asset Management, Fiducia Capital, and Parsifal Partners. He was also a pioneer Executive Committee member of the Fund Managers Association of Nigeria (FMAN), helping shape regulatory and operational standards in the industry.
A graduate of King’s College Lagos, Ike earned an MSc in International Economics, Banking, and Finance from Cardiff Business School, University of Wales, and is widely respected for his strategic leadership in Nigeria’s capital markets.
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