Magen Doxa Umerim (MDU) Capital Limited has secured approval from the Securities and Exchange Commission (SEC) to operate as a fund and portfolio manager in Nigeria’s capital market, effective 28 July 2026.

This milestone marks a new chapter for the firm, which lays claim to professionalism, integrity and strong governance with a commitment to helping clients grow and preserve their wealth.

The approval positions MDU Capital to provide regulated fund and portfolio management services tailored to the needs of individuals, corporates, institutions and diaspora investors.

“With headquarters in Yaba, Lagos, the firm will combine experienced investment professionals, disciplined research, effective risk management and technology-driven solutions to deliver a transparent and seamless investment experience.

“With the SEC approval now in place, MDU Capital is positioned to deepen access to professionally managed investments while maintaining high standards of accountability, regulatory compliance and client service,” a press statement by the company said.