Coinage Fund Management Limited has been permitted to operate as a fund or portfolio manager in Nigeria.
The operating licence was handed over to the Africa-focused investment management firm by the Securities and Exchange Commission (SEC) after meeting the requirements.
This not only reinforces Coinage Fund’s credibility but also signals its readiness to partner with individuals and institutions seeking structured pathways to wealth creation in an increasingly complex financial landscape.
With this regulatory green light, Coinage Fund is now fully licensed to deliver tailored investment and portfolio management solutions to a broad spectrum of clients, including high-net-worth individuals, mass affluent investors, emerging investors, institutions, and corporate organisations.
A statement from the firm said this milestone marks a significant step in its mission to democratise access to professional wealth management and reshape the future of investment advisory across Nigeria and the broader African market.
At the core of Coinage Fund’s proposition is a forward-looking investment philosophy that blends disciplined asset management, technology-enabled insights, and a deep commitment to client outcomes.
The organisation enters the market at a time when the need for structured, professional investment management has never been more critical. Across Nigeria, a significant portion of individual and institutional capital remains underutilised or inefficiently allocated—often due to limited access to credible expertise and trusted advisory platforms.
“Too many individuals and businesses leave capital idle or poorly managed due to limited access to the right expertise. We are here to change that,” the chairman of the company’s board, Mr Victor Gbenga Afolabi, commented.
The chief executive, Mr Biodun Oke, described the approval as both a validation of the firm’s strategic direction and a launchpad for its long-term ambitions.
“At Coinage Fund Management Ltd, we are building Nigeria’s next generation of wealth and retirement future. We are committed to helping our clients achieve financial security, retirement readiness and sustainable wealth creation through ethical management practices, informed decision-making and a long-term investment philosophy.”
Coinage Fund distinguishes itself through a combination of robust governance structures, strict regulatory compliance, and a client-first operating model. Backed by a team with over 50 years of combined industry experience, the firm leverages intelligent, technology-driven investment strategies to deliver consistent, risk-adjusted returns.
Beyond portfolio performance, the company is also advancing a broader agenda—building a financially literate and empowered investor base. Through continuous investor education, thought leadership, and advisory services, Coinage Fund aims to cultivate a new generation of “financially fit” individuals equipped to achieve long-term financial independence.