AIICO Money Market Fund
AIICO Capital
About AIICO Money Market Fund
The AIICO Money Market Fund is a low-risk investment vehicle that pools funds from multiple investors to invest in high-quality, short-term money market instruments such as Treasury Bills, Commercial Papers, and Certificates of Deposit. It aims to provide liquidity, capital preservation, and a steady income stream.
Requirements for savings
- Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
- Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card)
- Bank Verification Number (BVN)
States Covered
Provider Details
About provider
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
About AIICO Money Market Fund
The AIICO Money Market Fund is a low-risk investment vehicle that pools funds from multiple investors to invest in high-quality, short-term money market instruments such as Treasury Bills, Commercial Papers, and Certificates of Deposit. It aims to provide liquidity, capital preservation, and a steady income stream.
Requirements for savings
- Utility Bill of Applicant (Water Rate, Tenement, Rent Receipt or Power)
- Valid means of identification (Int'l passport, Driver’s license, National ID, Voter’s card)
- Bank Verification Number (BVN)
States Covered
Provider Details
About provider
AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested.
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