Investing
May 25, 2021
Market Review: Nigerian Mutual Funds Need Robust And Harmonized Accounting Standards
This edition of the Market Review Show features Mr. Guy Czartoryski, the Head of Research, Coronation Asset Management as he speaks on "Developments In The Nigerian Mutual Funds Market"

According to him the Mutual Funds market in Nigeria needs to adopt robust accounting standards to gain more visibility and woo more investors into the market. 

The investment expert highlighted the fact that Nigeria had different accounting standards to get the unit prices for about 17 mutual funds products. 

He described Nigeria as a strategic market for the growth of Mutual Funds in Africa, considering its population size, demographic spread and an innovative capital market ecosystem. 

The analyst noted that activities improved in 2020 due to the COVID-19 pandemic, which led to Nigerians saving more and investing in various segments of mutual funds market. 

Watch Video Courtesy WebTV NG

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