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Top 10 Leading Asset Management Companies in Nigeria and their Location (2024)

In this article, we review Top 10 Leading Asset Management Companies in Nigeria 2024. Asset management firms are sometimes referred to as money managers or money management firms. They pool funds from various individual and institutional investors and invest them in various securities. Asset management companies invest funds in capital assets such as stocks, real estate, bonds, and so on.

Searching for the top 10 leading asset management companies in Nigeria? We must say you are on the right page.

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On this page, we’ve gathered the list of leading firms that can help you manage your asset for investment, advice, or even consultation. But before our listing, let’s get to know more about Asset Management firms, their type, and what they do.

See Also: 15 Tips to Plan For Retirement In Nigeria

Asset Management Industry in Nigeria

The asset management industry in Nigeria is on the boom due to many people’s increasing consciousness of investing.

The non-pension market is regulated by the Securities and Exchange Commission (SEC) and comprises over 150 operators managing collective investment schemes and segregated portfolios (on a discretionary and non-discretionary basis).

The Non-Pension Asset Management Industry (‘the Industry’) in Nigeria has evolved from exclusively serving high net-worth individuals (HNIs) to also catering to the mass affluent and the retail market. The Industry has thus grown to be one of the largest investment management centres in Africa after South Africa. At the end of 2019, the Industry’s total AuM stood at an estimated ₦2 trillion. The AuM of the Industry, which comprises over 150 licensed asset management firms, has grown at a compound annual rate of 19.7% in the last five years.

The industry offers relative financial stability by diversifying risks across a large range of market participants and providing an alternative to banks as a source of funding for the real economy. The ultimate goal of Industry operators remains the provision of baskets of shares, bonds and other assets such as property, which can deliver returns over many years while minimizing risk exposure.

We expect the size of the Industry’s managed assets to reach the ₦2.4 trillion mark by the end of 2020.

What Are Asset Management Companies

Asset management companies (ACM) also known as money managers or money management firm is a firm that invests pooled funds from clients, putting the capital to work through different investments channels including stocks, bonds, real estate, master limited partnership and maybe more. Along with high net-worth portfolios, AMCs manager, hedge funds and pension plans, and-to better serve smaller investors create pooled structures such as mutual funds, index funds, or exchange traded funds, which they can manage in a single centralized portfolio.

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In summary, we can say asset management firms or companies manage fund for individuals, companies and cooperate bodies which include consultation and investment.

See Also: 10 Best Businesses to do After Retirement in Nigeria

Types of Asset Management Firms


1. Financial Asset Management

Financial Asset Management is a sector of the financial services industry that manages investment fund and accounts of individuals that partners with them as a sole body.

2. Enterprise Asset Management

This is a sector that deals with fixed or physical assets solely. They manage asset of companies consisting of obtaining, process, sustentation, and decommissioning. They also consist of an asset registry combined with a computerized maintenance management system otherwise known as CMMS, and other modules like inventory or materials management.

3. Infrastructure Asset Management

This Infrastructure Asset Management sector deals with the administration of infrastructural facilities with the likes of building, roads, electric grids, waterways, port and bridges,etc with the sole aim of maintenance, rehabilitation or regeneration.

4. Public Asset Management

Public Asset Managers deals with infrastructural asset except if it has to do with wider scope like facilities for instance hospitals, car parks, airport etc.

5. IT Asset Management

This sector concerns with the administration and command of IT facilities (hardware and software). It summarizesthe maintenance, contract management and accounting functions for IT assets.

6. Fixed Asset Management

They basically concern with the administration of fixed assets with the conduct of tracking assets, objective of financial accounting, maintenance and prevention of loss.

Top 10 Leading Asset Management Companies in Nigeria and their Location

Top 10 Leading Asset Management Companies in Nigeria

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See Also: 20 Reason Why Nigeria Public Servants are Afraid of Retirement

1. Asset Management Cooperation of Nigeria (AMCON)

This is sure one of the early leading asset management company in Nigeria. Established in 2010 by the federal government of Nigeria with alignment with the Central Bank of Nigeria (CBN), AMCON has proven to be the one of the best when it comes to asset management for individuals and firms.

They have the sole mission to prove the economy of Nigeria in a vertical structure. These promises can be filtered as professionalism, loyalty, fairness/equity ad integrity in all they do.


2. Asset and Resource Management Company Ltd (ARM)

ARM asset management ltd is a financial service company in Nigeria that provides asset management and financial assistance including securities across various investment opportunities. ARM offer divers financial services like consultation, investment and even stock purchases in the capital market.

Website: www.arm.com.ng asset management companies in Nigeria

Phone: +234(0) 7002255276

Mail: info@arm.com.ng

Address: 1 Mekuwen Road, Off OyinkanAbayomi Drive, Ikoyi,LLagos Nigeria


3. Cowry Asset Management ltd

Cowry Asset Management ltd is yet another top leading asset management company in Nigeria with differences. Since their establishment, they have proven to be a worth component to others as their customers satisfaction is one of their number one achievements.

They offer financial services with the likes of investment banking, security trading, consultation and real estate.

Website: www.cowryasset.com

Phone: 08-446440-9


Address: plot 1319 KarimuKutun Street, Victoria Island, Lagos Nigeria


4. Cash Craft Asset Management

Cash Craft made it to the number 4 position as one of the top leading asset management firms in Nigeria. They provide financial services for individuals and co-operate bodies within few minutes.

Some of their services include; stock brokering, security investment and asset management services

Website: www.cashcraft.com

Phone: 08-446357-8

Address: 3rd floor, Asei World Centre, 57 Aba Road, Port Harcourt,.Rivers State


5. Tower Asset Management ltd

Tower Asset Management ltd (TAM) another leading asset and financial service company in Nigeria that have earn the trust of thousands of individuals and firms. They offer portfolio management, financial advisory and planning services.

Website: www.TowerAssetsOnline.net

Phone:(0)9-291705-8 NPower Recruitment

Mail: info@towerassetsonline.net

Address: Suite 6, 2nd floor, Marina Court, plot 252A Herbert Macaulay Way, Central Business District, Abuja


6. Frontier Capital Alternative Asset ltd

Frontier Capital Alternative Asset ltd (FCAAL) is an alternative asset management and debt resolution firm also handling other related services like swap and acquisition and its related services

Website: www.fcaal.com

Phone: 01-270229-8

Mail: info@fcaal.com

Address:Uba House, 8th floor, 57 Marina, Lagos Nigeria


7. FCSL Asset Management Company ltd

FCSL is another trusted asset management company in Nigeria. They have proven to be one of the best among others when it comes to management of financial affairs and consultation.

This company deals with risk management and how to help individuals stabilize or invest their fund to get a good return.

Website: www.fcslng.com


Mail: info@fcslng.com

Address: 15 Ribadu Road, Off Awolowo Road, Ikoyi Lagos, Nigeria


8. Sterling Asset Management and Trustees Limited (SAMTL)

Sterling Asset Management and Trustees Limited (SAMTL) formally known as NAL asset management and Trustee limited were incorporated on September 1985 as a private limited liability company.

SAMTL as a financial management company provides divers financial services to individuals and companies like financial advisory, leasing and warehouse services.


Phone: 01-270735-2 Npower Portal Login npower.fmhds.gov.ng

Mail: info@samting.com

Address:62, Adetokumbo, Victoria Island, Lagos Nigeria


9. Forte Asset Management

Forte Asset Management company ldt is another leading asset management firm in Nigeria. Founded in 2004, this company has proved to be one among the best when it comes to handling financial related services for their clients.

Website: www.fortassets.com

Phone: +234 (0) 802 422 4529

Mail: info@fortassets.com

Address:Suite 31, 3rd floor, Jinfaplaza, Samuel A. Ademulegun Street, CBD, Abuja


10. Quantum Zenith

Quantum Zenith asset management and management limited formally known as zenith asset management took the tenth place on our todays listing of leading fund firm in Nigeria.

They offer divers financial products such as real estate, brand management, general financial consultation etc.

Website: www.quantumzenithasset.com.ng

Phone: 01-278421-9

Mail: info@quantumzenithasset.com.ng

Address: Plot 2, 12th floor, AjoseAdeogun Street, Victoria Island, Lagos


Asset management is the service of managing a client’s money. At its core, that means identifying a client’s financial goals and then working to accomplish those goals via portfolio management—buying and managing stocks, bonds and funds.

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Emmanuel Husseni

Emmanuel is a Content Developer at InfoGuideNIgeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistance on this topic, kindly contact us.

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