Coinage Fund Management Ltd has officially secured approval from the Securities and Exchange Commission to operate as a licensed Fund and Portfolio Manager, marking a major milestone in the company’s ambition to expand access to professional wealth management services across Nigeria and Africa.
The regulatory approval positions the Africa-focused investment management firm to provide tailored investment and portfolio management solutions to a diverse client base, including high-net-worth individuals, mass affluent investors, emerging investors, institutions and corporate organisations.
The company said its operations will be driven by a forward-looking investment philosophy that combines disciplined asset management, technology-enabled investment insights and a strong commitment to delivering sustainable client outcomes.
Coinage Fund enters the market at a period when the demand for structured and professional investment advisory services continues to grow amid concerns that a large volume of personal and institutional capital remains underutilized or poorly managed due to inadequate access to trusted financial expertise.
Speaking on the significance of the development, Board Chairman, Victor Gbenga Afolabi, said the company is positioned to help individuals and businesses make smarter investment decisions and optimize capital deployment.
“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,” he stated.
Also commenting, the Chief Executive Officer of the firm, Biodun Oke, described the SEC approval as both a validation of the company’s strategic direction and a launchpad for its long-term vision.
“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,” Oke said.
According to the company, its operational model is anchored on robust governance structures, strict regulatory compliance and a client-focused approach designed to deliver consistent, risk-adjusted returns through intelligent and technology-driven investment strategies.
Backed by professionals with more than 50 years of combined industry experience, the firm also said it intends to drive financial literacy and investor education through thought leadership initiatives and advisory services aimed at building a financially empowered population capable of achieving long-term financial independence.
The SEC approval, the company noted, further reinforces its credibility and readiness to partner with individuals and institutions seeking sustainable and structured pathways to wealth creation in an increasingly complex financial environment.
As full operations commence, Coinage Fund said its focus remains on unlocking value, optimizing capital and delivering sustainable financial outcomes for clients across Nigeria and the broader African market.
By Lekan Olofinsusi
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