MON SEPT 22 2025-theGBJournal| The Securities and Exchange Commission has directed fund managers to value bonds and other fixed income securities on current market prices rather than their historical cost.
The move, also known as Mark to Market (MTM), will allow investors make more accurate, assessment and have an up-to-date view on the financial position of the entity the fund manager is positioning in the market.
Analysts suggest that the MTN approach will significantly improve investors view on Nigeria’s fixed income market assets, and make it equally comparable to global benchmarks as well as support better pricing and liquidity.
Fund managers have been given a two-year period to transition to the MTM, beginning 22, 2025.
They are equally required to submit detailed implementation plans by 2nd October, 2025, outlining how they intend to fully transition to the new order.
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