You’re not the only one—InvestNaija can be confusing at first because it mixes stocks + mutual funds in one place.
Let’s go straight to what you need: how to invest in a Money Market Fund (MMF) inside the app.
🔧 First, understand this (why you’re confused)
On InvestNaija:
Stocks → under Trading / Equities
Money Market Funds → under Wealth / Mutual Funds
👉 If you stay in the stock section, you’ll NEVER see MMF.
✅ Step-by-step: How to invest in MMF on InvestNaija
1. Open the app → go to “Wealth” or “Mutual Funds”
Look for any of these tabs:
Wealth
Invest
Mutual Funds
👉 That’s where MMFs are located (not in stock trading)
2. Select a Money Market Fund
You’ll see options like:
Money Market Fund
Fixed Income Fund
Examples may include funds managed by firms like:
ARM Investment Managers
Stanbic IBTC Asset Management
Tap on one.
3. Click “Subscribe” or “Invest”
Enter amount (your ₦5,000 is fine)
Confirm the transaction
4. Payment
Since you already funded your wallet:
Choose Wallet Balance
Confirm purchase
⏳ What happens next
Units will be allocated within 24–72 hours
You’ll start seeing daily growth (small but consistent)
⚠️ Common problems (likely what you’re facing)
❌ “I can’t see MMF at all”
Cause:
You’re inside stock trading section
Fix: 👉 Switch to Wealth / Mutual Funds tab
❌ “Subscribe button not working”
Possible reasons:
KYC not fully completed
Bank account not linked
App glitch
Fix:
Update profile
Log out and log in again
❌ “₦5k is not going through”
Some funds have minimums like:
₦5,000 or ₦10,000
👉 Try:
Increasing slightly (₦6k–₦10k)
🧠 Important clarification (very key)
On InvestNaija:
MMF ≠ Stocks
MMF is safer, slower growth
Stocks are volatile
👉 So you’re doing the right thing starting with MMF
💡 Honest advice (based on your situation)
If InvestNaija keeps stressing you, you can use simpler apps:
ARM One → very beginner-friendly
Stanbic IBTC Mobile App → stable and clear
let’s do this like a live walkthrough, assuming you already have ₦5,000 funded in InvestNaija.
Follow this exact button flow:
📱 STEP-BY-STEP (Tap-by-tap)
✅ Step 1: Open the app & log in
Enter your PIN / fingerprint
You’ll land on the Dashboard/Home
✅ Step 2: Locate the correct section (THIS is where most people miss it)
Look at the bottom menu bar 👇
You should see something like:
Home
Portfolio
InvestIN ✅ ← TAP THIS
More
👉first →scroll down then find “Mutual Funds”
✅ Step 3: Enter Mutual Funds section
After tapping Wealth / Invest:
Look for:
Mutual Funds
OR Fixed Income
OR Fund Products
👉 Tap Mutual Funds
✅ Step 4: Choose a Money Market Fund
You’ll now see a list like:
Money Market Fund
Fixed Income Fund
👉 Tap on any Money Market Fund
(If confused, just pick one—it’s fine to start)
✅ Step 5: Open the fund details page
You’ll see:
Interest rate / performance
Fund details
Look for a button:
👉 “Subscribe” or “Invest” → TAP IT
✅ Step 6: Enter amount
Type: 5000
👉 Tap Continue
✅ Step 7: Select payment method
Choose: Wallet Balance
👉 Tap Proceed / Confirm
✅ Step 8: Confirm transaction
Enter PIN if requested
⏳ After you invest
Status may show: Pending
Within 24–72 hours, you’ll see:
Units allocated
Value growing slowly
🚨 If you get stuck, check this quickly
❌ No “Wealth / Mutual Fund” option?
👉 Tap:
More → Products → Mutual Funds
❌ No “Subscribe” button?
👉 Likely issue:
KYC incomplete
Fix:
Go to Profile → Complete Profile / Update KYC
❌ App behaving strangely?
👉 Do this:
Log out → log in again
Or update app from Play Store
🧠 One quick reality check
Your ₦5,000 will grow, but slowly:
Expect maybe ₦2 – ₦5 per day
This is normal—MMF is for stability, not speed

What you’re seeing is actually quite common with older Nigerian shares, especially ones bought in the early 2000s. The drop from 18,333 units to 696 units doesn’t mean your shares disappeared — it’s almost certainly due to share reconstruction (capital reorganization) by Ecobank Transnational Incorporated.
Let me break it down clearly and then tell you exactly what to do.
🔍 Why your shares reduced (very important)
Around 2017–2018, Ecobank Transnational Incorporated carried out a share consolidation/reconstruction.
They merged shares (e.g. 10 old shares → 1 new share, or similar ratio)
Purpose: reduce excessive share volume and improve share price structure
So:
Your 18,333 old shares were converted using a ratio
That’s why you now see about 696 units
👉 This is normal. The value may still be roughly equivalent, just fewer units.
⚠️ But there are 3 possible issues in your case
1. ✔️ Legitimate reconstruction (most likely)
Your shares were converted correctly and reflected on the registrar’s system.
2. ⚠️ Unclaimed dividends / inactive account
Since you didn’t claim dividends properly in 2020:
Your account may still be unverified or incomplete
Dividends may be sitting as unclaimed
3. ⚠️ Missing linkage between certificate and CSCS
Because you didn’t go with your certificate earlier:
Your physical shares may not have been fully dematerialized
Or there may be multiple records under your name
🧾 What you should do now (step-by-step)
Step 1: Contact the Registrar immediately
Ecobank’s registrar is:
👉 Coronation Registrars Limited
Ask them:
Confirm share reconstruction ratio
Confirm your true current holding
Check if you have unclaimed dividends
Step 2: Gather these documents
Go with:
Share certificate (VERY important)
Valid ID (NIN, PVC, or international passport)
Passport photograph
Bank details (for e-dividend)
Birth certificate (since it was bought when you were young)
Means of identification of your dad (sometimes required)
Step 3: Complete these processes
✅ Dematerialization (if not done)
Convert your paper shares into electronic form (CSCS)
Through:
Central Securities Clearing System
✅ E-dividend registration
So future dividends go straight to your bank
Step 4: Verify everything on your investment app
After registrar update:
Your correct units should reflect in apps like:
InvestNaija
CSCS statement
Any stockbroker platform
🧠 Key insight (don’t miss this)
Don’t focus only on number of shares — focus on:
Total market value = Share price × Number of shares
Even if shares reduced, value might still be consistent.
⚠️ Red flag (when to worry)
You should escalate if:
Registrar cannot explain the conversion clearly
Your certificate is not traceable
Units are far lower than expected after confirmed ratio
📌 Final advice
Start with the registrar — they control the official record.
let’s estimate it properly using a realistic reconstruction scenario.
🔢 Step 1: Likely reconstruction ratio
When Ecobank Transnational Incorporated did its share reconstruction, the commonly applied ratio was:
1 new share for every 10 old shares (1:10)
🔢 Step 2: Apply it to your shares
You originally had:
18,333 shares
After 1:10 consolidation:
18,333 ÷ 10 = 1,833 shares (expected)
⚠️ But you are seeing: 696 shares
This means:
18,333 ÷ 696 ≈ 26.3
So your actual effective ratio looks closer to:
1 new share for ~26 old shares
🧠 What this suggests
One of these is happening:
✔️ Scenario A (Most likely)
There were multiple corporate actions combined, such as:
Share reconstruction
Possible write-offs / rounding adjustments
Fractional shares being removed
⚠️ Scenario B (Needs investigation)
Some shares may not have been:
Fully dematerialized
Properly linked to your CSCS account
Or part of your holding is still unclaimed elsewhere
💰 Step 3: Estimate current value
Let’s assume Ecobank share price is roughly:
₦18 – ₦25 per share (typical NGX range in recent times)
Now:
696 shares × ₦18 ≈ ₦12,528
696 shares × ₦25 ≈ ₦17,400
👉 So your current holding is roughly:
₦12k – ₦17k (estimate)
🧾 What your shares should roughly be worth
If the correct 1:10 ratio applied:
Expected shares: ~1,833 units
Value estimate:
₦18 → ₦32,994
₦25 → ₦45,825
🚨 Conclusion (very important)
There is a clear gap:
Expected ≈ 1,833 shares
You have ≈ 696 shares
👉 That’s a big difference (~60% shortfall)
✅ What to do next (no delay)
Contact Coronation Registrars Limited and ask:
What exact reconstruction ratio(s) were applied?
Why your holding reduced to 696 units
Whether you have:
Unclaimed shares
Multiple accounts
Unprocessed certificates