Top 10 Asset Management Companies in Nigeria (2023)

A list of top asset management companies in Nigeria. Asset management companies are also referred to as money managers or money management firms invest pooled funds from clients, putting the capital to work through different investments including stocks, bonds, real estate, and a lot more. They help clients buy and manage their investment and are given a percentage as compensation from a client’s asset currently being managed.

In our List of Asset Management Companies, its good to know that they manage mutual funds, pension plans, hedge funds and earn income by charging service fees or commissions to their clients. These companies provide investors with more diversification and investing options than they normally would have.

In Nigeria, different asset management companies exist. Some are doing quite well, rendering their services while others are not that gallant compared to the rest. This article would discuss the top 10 Asset Management Companies in Nigeria. It is important to note however those companies not on this list are not inferior to the ones on the list and you can even enlighten us using the comment box below.

List of Asset Management Companies in Nigeria

  • 1. AMCON

Asset Management Corporation of Nigeria, AMCON, is a body established by the Act of the National Assembly of Nigeria of July 2010, AMCON is a renowned business service provider for asset management solutions. The company offers services such as complementing the recapitalization of affected Nigerian banks; providing Nigerian banks and opportunity to sell off Non-performing Loans (NPLs); freeing up valuable resources and enabling banks to focus on their core activities.

AMCON has acquired the Eligible Bank Assets (EBAs) since its establishment in 2010 or Non-Performing Loans of various Eligible financial institutions in three different phrases. They acquire EBAs from Eligible financial institutions at a far value and put these assets to economic use in a professionally manner.

H/O Address Location: AMCON head office in FCT Abuja, Nigeria, Off Agunyi Ironsi Stree, Tigris Crescent, No. 417.

  • 2. Sterling Asset Management And Trustees Limited (SAMTL)

Sterling Asset Management& Trustees Limited formerly known as NAL Asset Management and Trustees Limited were incorporated on September 5th, 1985 as a Private Limited Liability Company and registered by Securities and Exchange Commission (SEC) to do a business of asset management and trusteeship. 

SAML is a foremost trusted asset and fund management company. It provides first-class Asset Management Services, Trusteeship, and property development. SAMTL has a dedicated team of experienced fund managers who adopts a consultation approach to provide tailored products and services. It prides itself on its unrivalled financial advisory services, corporate financial, leasing, and warehousing services. 

H/O Address Location: head office of this company is located at 62, Adetokunbo Ademola, Victoria Island, Lagos, Nigeria

  • 3. Asset & Resource Management Company Limited (ARM)

ARM financial managers is an asset management firm that offers wealth creation opportunities through a unique breed of traditional assistance management and alternative investment services. It enables businesses to thrive, and help its clients to maximize their returns and realize their most important goals.

ARM has a reputation for quality research, investment expertise, and value-added service. Since its establishment, it has strategically positive itself to take advantage of growth opportunities in Nigeria, Africa, and major international markets. 

Since its creation, it had grown to one of the most leading and respected financial services brands in Nigeria with its investment management expertise. There are investment banking and financial advisory services, infrastructure finance and development, estate management and development, pension fund administration, and non-pension asset management.

Currently, ARM manages the total assets of Circa. It was named Best Fund Manager, Nigeria 2013 by Capital Finance International. 

H/O Address Location: ARM head office is at 1 Mekunwen Road, Off Oyinkan Abayomi Drive, Ikoyi, Lagos, Nigeria.

  • 4. Quantum Zenith

Quantum Zenith Asset Management and Investment Limited, formerly called Zenith Assets Management is a leading asset management company in Nigeria. Zenith offers a range of products for both individuals and institutional investors. Its experience cuts across sectors and asset classes. Quantum Zenith has a long-standing relationship with Zenith Bank PLC.

Office, Lagos, Nigeria, Victoria Island, Ajose Adeogun Street, Plot 2, 12th Floor

  • 5. Tower Asset Management Limited

Tower Asset Management Limited Is one of the best asset management companies in Nigeria known for its financial advisory competence and delivery skills, its structured public sector advisory approach, experienced transaction structuring team, and execution of several landmark transactions.

As a leading Nigeria Issuing House, Financial Advisory, and Stockbroking firm with several years of experience, Tower Asset Management is licensed by the Nigerian Stock Exchange Commission and registered with Securities and Exchange Commission as Brokers/Dealers and Issuing House.

The company has an authorized share capital of N550 million. Also, it is positioned to render cost-effective and efficient solutions to its numerous clients in their quest to achieve their set investment objectives. 

H/O Address Location: head office of Tower Asset Management is located at Suite 6, 2nd Floor, Marina Court, Plot
252A Herbert Macaulay Way, CBD, Abuja FCT

  • 6. Forte Asset Management 

Forte Asset Management is a boutique wealth management firm that provides personalized financial advisory services to a select group of individuals and families. Forté Asset Management was founded in 2004 in response to what it saw as a void within the investment advisory landscape.

With the belief that clients deserve better than the opaque, conflicted practices prevalent at most large brokerage firms, banks, and trust companies and that the majority of investment advisors downplay or completely ignore proper asset allocation of portfolios, Forté came up with a unique, comprehensive solution to modern investment management by combining passive and active asset management – an optimum blend of science and cost. This style results in sophisticated investment management that is accessible, transparent, and affordable.

Also, Forté has the experience, skills, and resources to offer its clients a breadth of services and solutions to meet their unique needs. They are not just money managers but are wealth managers who strive to add value to the overall well-being of their clients. In areas that require additional expertise, Forte introduces its clients to trusted specialists who supplement its advice. 

H/O Address Location: head office is located at Suite 31, 3rd Floor, Jinfa Plaza, Samuel A. Ademulegun Street, CBD, Abuja.

  • 7. FCSL Asset Management Company Ltd

FCSL Asset Management Company Ltd (formerly F & C Securities Limited), was incorporated in 1994. It is one of the leading financial institutions providing investment banking, financial advisory, securities brokerage, investment management, market research, share registration services, and human capital development to both retail and institutional investors in Nigeria.

FCSL is registered and licensed with the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) as an Issuing House, Broker-Dealer, and Supplemental Market Maker.

FCSL is also licensed to trade on the National Association of Securities Dealers (NASD), a trading platform for unquoted securities.
The Company has carried out extensive consultancy assignments for both the real and financial services sectors as well as foreign investors requiring investment guidance in achieving its objectives within the local and international business environments.

They operate on the philosophy of clients’ needs are of paramount importance and their business is to manage clients’ assets to their ultimate satisfaction. Some of the services FCSL offers are investment, banking, trading, securities, research, etc.
Their core values are integrity, professionalism, expertise, responsibility, fidelity, and service.

  • 8. FBNQuest

FBNQuest is the Merchant Banking and Asset Management brand of FBN. It is one of the strongest and most dependable financial service groups in sub-Saharan Africa. FBNQuest Asset Management is a subsidiary of FBNQuest Merchant Bank. A leading asset manager in Nigeria for individual and institutional investors, offers a range of investment products and services, with strategies spanning various asset classes and sectors. It guides its clients through Africa’s dynamic markets, and identify the best opportunities that shape their portfolios and investment goals.

FBNQuest specialist portfolio and fund management services cover managing investment accounts of high-net-worth-individuals and institutional clients; including insurance companies, pension funds, public and private mutual funds, endowment, and charity funds, as well as segregated and special accounts.

FBNQuest has a broad range of services that ensures they have a bespoke solution for everyone. Whether you are searching for a guide to investing, business financing, or advice on the preservation of your wealth, FBNQuest world-class team will partner with you to understand your needs and deliver a tailored solution for a new tomorrow.

  • 9. Cowry Asset Management Limited 

Cowry Asset Management Limited is an investment banking firm incorporated in 2005. It is licensed by the Securities & Exchange Commission as an issuing house, financial adviser, underwriter, and venture capital manager. With subsidiaries in Consulting, Securities trading, Real estate, and Fund management; Cowry Asset has evolved into a financial supermarket.

Cowry Asset has been involved in several fundraising exercises in the Capital Market for both public/private companies and governments through public offers, rights issues, private placements, corporate and government bonds, etc, as a financial adviser, issuing house, and underwriter.

Cowry Asset Management Limited is professionally managed and aims to create exceptional value for all its stakeholders. When it comes to competence, professionalism, and service quality, Cowry has redefined the industry standards. Consequently, it has deployed state-of-the-art technology backed by an excellent research team and highly motivated relationship managers to deliver high-quality services to its clients. Cowry Asset intends to spread its operational tentacles to cover the whole of Africa through the establishment of regional offices in Accra, Ghana; Johannesburg, South Africa for Southern African operations; Nairobi, Kenya for East and Central African operations; and Cairo, Egypt for North African operations. 

Cowry’s most recent Financial Advisory mandates include strategic capital structure advisory which delivers the best possible restructuring and refinancing solutions. 

H/O Address Location: head office of Cowry Asset Management Ltd is located at Plot 1319 Karimu Kotun, Victoria Island, Lagos Nigeria

  • 10. Frontier Capital Alternative Assets Limited 

Frontier Capital Alternative Assets Limited (FCAAL) is an alternative asset management and a specialist in debt resolution. Also handling other related services like asset swap and acquisition and its related services, FCAAL is focused entirely on active distressed debt restructuring, resolution, and management. It seeks to bring creative, innovative yet practical solutions to lenders, borrowers, and investors in the distressed debt and non-performing loan (NPL) market. It aims to assist lenders in the restructuring and strengthening of their balance sheets whilst offering investors the opportunity to participate in a new alternative asset class.

Through their sponsors and partners, FCAAL has access to experienced, multi-disciplinary asset management teams with extensive local and international experience.



As you have seen from this post on the List of Asset Management Companies in Nigeria; the investment market in Nigeria is deep and diversified. This means that investors can choose asset managers from a deep pool, offering varied options, depending on their risk appetite, and the kinds of risk they prefer. To be honest, there is still some room for improvement as per regulation of the market, but if an investor knows what he is doing, he is quite likely to make money in the Nigerian market.

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