Yes, both can provide access to regulated investment services in Nigeria, but there is an important difference between the platform you see and the company actually licensed to provide the investment service. 1. Coronation The Coronation group has several separately regulated companies. For example,Read more
Yes, both can provide access to regulated investment services in Nigeria, but there is an important difference between the platform you see and the company actually licensed to provide the investment service.
1. Coronation
The Coronation group has several separately regulated companies.
For example, the SEC’s current register lists:
• Coronation Asset Management Limited as a Fund/Portfolio Manager, with an ACTIVE registration status.
• Coronation Securities Limited as a Broker/Dealer and Issuing House, also with an ACTIVE SEC registration.
• Coronation Merchant Bank Limited is also listed with functions including FMDQ Dealer, Issuing House and Receiving Banker.
So you should not simply ask, “Is Coronation licensed?”
Ask:
“Which Coronation company is providing the particular investment product I am buying, and under which licence?”
That is much more important.
2. InvestNaija
InvestNaija states that it is a brand of Invest Limited, associated with Chapel Hill Denham.
According to InvestNaija’s current website, Chapel Hill Denham is licensed by the SEC as a Fund/Portfolio Manager (License #506) and Broker/Dealer (License #1529), with trading access to NGX, FMDQ, AFEX and NASD. It also states that Invest MFB is regulated by the CBN and its deposits are insured by NDIC.
So again, the important thing is to understand which entity is holding/managing your money and what licence covers that particular service.
A realistic example
Suppose you have ₦1 million and want to invest it in a money-market fund through an app.
Don’t just say:
“This app looks popular, so I will send them ₦1 million.”
Instead, check:
1. Who exactly am I paying?
2. Which company manages my investment?
3. Is that company currently registered with SEC?
4. What type of SEC licence does it have?
5. Where is my money actually held?
6. Who is the fund manager and who is the trustee/custodian?
7. What happens if the investment platform itself shuts down?
8. What are the fees, risks and withdrawal conditions?
This is important because SEC registration does not mean your investment cannot lose value. It means the operator is subject to the applicable regulatory framework. The SEC itself advises investors to verify platforms and warns against unregistered investment schemes.
So, for me, the safest approach is not simply:
“Which app is popular?”
It is:
“Which regulated company is behind the app, what exactly is it licensed to do, and what investment product am I actually buying?”
Before investing a large amount such as ₦1 million, I would verify the exact legal entity on the SEC register and make sure the licence covers the service being offered.
Is InvestNaija Licensed by the SEC to Offer Investment Services in Nigeria?
Yes, both can provide access to regulated investment services in Nigeria, but there is an important difference between the platform you see and the company actually licensed to provide the investment service. 1. Coronation The Coronation group has several separately regulated companies. For example,Read more
Yes, both can provide access to regulated investment services in Nigeria, but there is an important difference between the platform you see and the company actually licensed to provide the investment service.
1. Coronation
The Coronation group has several separately regulated companies.
For example, the SEC’s current register lists:
• Coronation Asset Management Limited as a Fund/Portfolio Manager, with an ACTIVE registration status.
• Coronation Securities Limited as a Broker/Dealer and Issuing House, also with an ACTIVE SEC registration.
• Coronation Merchant Bank Limited is also listed with functions including FMDQ Dealer, Issuing House and Receiving Banker.
So you should not simply ask, “Is Coronation licensed?”
Ask:
“Which Coronation company is providing the particular investment product I am buying, and under which licence?”
That is much more important.
2. InvestNaija
InvestNaija states that it is a brand of Invest Limited, associated with Chapel Hill Denham.
According to InvestNaija’s current website, Chapel Hill Denham is licensed by the SEC as a Fund/Portfolio Manager (License #506) and Broker/Dealer (License #1529), with trading access to NGX, FMDQ, AFEX and NASD. It also states that Invest MFB is regulated by the CBN and its deposits are insured by NDIC.
So again, the important thing is to understand which entity is holding/managing your money and what licence covers that particular service.
A realistic example
Suppose you have ₦1 million and want to invest it in a money-market fund through an app.
Don’t just say:
“This app looks popular, so I will send them ₦1 million.”
Instead, check:
1. Who exactly am I paying?
2. Which company manages my investment?
3. Is that company currently registered with SEC?
4. What type of SEC licence does it have?
5. Where is my money actually held?
6. Who is the fund manager and who is the trustee/custodian?
7. What happens if the investment platform itself shuts down?
8. What are the fees, risks and withdrawal conditions?
This is important because SEC registration does not mean your investment cannot lose value. It means the operator is subject to the applicable regulatory framework. The SEC itself advises investors to verify platforms and warns against unregistered investment schemes.
So, for me, the safest approach is not simply:
“Which app is popular?”
It is:
“Which regulated company is behind the app, what exactly is it licensed to do, and what investment product am I actually buying?”
Before investing a large amount such as ₦1 million, I would verify the exact legal entity on the SEC register and make sure the licence covers the service being offered.
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