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New Money Market Fund Opens to Public from N10,000
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Published 10/12/2026 4:27:51 AM
New Money Market Fund Opens to Public from N10,000 – THISDAYLIVE
A new money market fund offering two billion units at N1.00 each has opened for subscription, targeting retail and institutional investors seeking short-term, low-risk returns.
The Berkshire Money Market Fund, an open-ended unit trust registered with the Securities and Exchange Commission (SEC), is being offered at par, putting the total offer at N2 billion.
According to the fund manager, Berkshire Asset Management Limited, the offer is designed to provide capital preservation, liquidity and competitive income returns consistent with prevailing opportunities in the Nigerian money market.
Rated by DataPro Limited and audited by Ijewere & Co, the fund will invest primarily in short-term, investment-grade money market instruments, with its performance benchmarked against the average yield of 91-day Nigerian Treasury Bills.
Subscription opens at a minimum of 10,000 units (N10,000), with later investments in multiples of 5,000 units.
The fund was launched in the presence of key industry stakeholders, including CFG Africa Trustees Limited as Trustee, Rand Merchant Bank Nigeria Limited as Custodian, and Cordros Registrars Limited as Registrar.
Commenting, the Managing Director/CEO of Berkshire Asset Management Limited, Mr. Adetola Odusote, said: “The launch remains a significant milestone in the company’s journey to create channels for optimisation of capital allocation for economic development, whilst leveraging technology to democratise investment by pooling small amounts of cash from everyday individuals to access low-risk, short-term debt instruments.”
Chairman of the company, Mr. Usman Abdulqadir, added that the fund would relieve investors the burden of selecting, valuing, monitoring and managing financial assets which will be handled by the manager.
He said: “Berkshire was formulated with the intent to deepen the Nigerian capital markets through development of a wide array of investment products, and the formal launch of its money market fund lays credence to the vision of the company to become the leading reference for digital investment solutions anchored on innovative products.
Managing Director of the fund’s trustee,CFG Africa Trustees Limited, Mr. Akindele Ogundepo, assured Nigerians that the trustee will oversee the fund’s operations to ensure compliance with investment objectives and protect investors’ interests.
He explained that pooling investors’ contributions could provide individuals with access to investment opportunities that may otherwise be out of their reach.
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Jobberman Nigeria, Nigeria’s leading career development and recruitment solutions company, has launched ‘Her Next Move’, a campaign designed to empower young Nigerian women with practical skills and confidence to pursue career opportunities and participate more fully in the workforce.
Through free online training, the initiative supports women aged 18 to 35 as they prepare to enter the workplace, advance into better roles or explore freelance and gig work.
Built around the message ‘Your Future. Your Skills. Your Move’, the campaign places female inclusion at the centre of career development, encouraging women to take an active role in shaping their professional futures. It connects the ambition to progress with an accessible starting point: learning skills that can help women prepare for their next opportunity.
‘Her Next Move’ recognises that career progress looks different for every woman. For a graduate, it may mean preparing for a first job. For a woman already working, it may involve developing the skills to take on greater responsibility or pursue a new role. For another, it may mean understanding how to navigate freelance work and participate in the global gig economy. The campaign brings these aspirations together through a shared emphasis on learning, preparation and action.
This Initiative by Jobberman in partnership with Mastercard Foundation promotes two courses: Jobberman Soft Skills Training and Becoming a Successful Global Gig Worker. Both courses are free, with a free certificate upon successful completion.
Jobberman Soft Skills Training focuses on workplace readiness, helping participants build the professional skills needed to navigate work and prepare for career progression. Becoming a Successful Global Gig Worker introduces participants to the demands and opportunities of freelance and gig work, supporting women interested in exploring career paths beyond traditional employment.
By making the training and certification available at no cost, ‘Her Next Move’ reduces the financial barrier to participation and encourages more young women to invest in their professional development. Its focus extends from raising awareness of learning opportunities to helping participants follow through and complete their chosen course.
To bring the campaign to life, Jobberman is working with young creators who are sharing personal stories about ambition, career transitions and the role of learning in their journeys. Through videos, social media posts and follow-up conversations, the creators encourage young women to reflect on their own goals and identify the practical steps they can take towards them.
These stories are intended to make career development relatable, connecting everyday aspirations with opportunities to learn. Across the campaign, the question “What is your next move?” invites women to define progress for themselves and begin preparing for it.
‘Her Next Move’ reinforces Jobberman’s and Mastercard Foundation’s commitment to supporting career development and expanding access to learning for young Nigerian women. By combining free skills training with relatable storytelling and encouragement to take action, the campaign seeks to help more women feel prepared to pursue their ambitions.
