NIGERIA: The Securities and Exchange Commission directed fund managers to align fixed income funds with daily market-based pricing, allowing a two-year transition period from the 22nd September 2025, to promote transparency. This ‘Mark-to-Market’ methodology values bonds at daily market prices reflecting real value but comes with day-to-day volatility, as explained by the Fund Managers Association of Nigeria. This is in comparison with the ‘Held-to-Maturity’ standard that values bonds at purchase price plus interest, which may not reflect real-time market value.
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