WorldStage– Financial services group Alpha10 has officially opened its new office in Port Harcourt, Rivers State, announcing that three mutual funds launched this year have added a combined N6.29 billion to Nigeria’s Securities and Exchange Commission (SEC)-regulated mutual fund net asset value.
The milestone was disclosed by Abigail Utomi, Managing Director of Alpha10, during the grand opening of the company’s Port Harcourt branch.
The Port Harcourt expansion marks the fourth major footprint for Alpha10 under its 2026 strategic roadmap, following previous office rollouts in Lagos, Abuja, and Kano. Chairman Chibuzor Ekwekwuo highlighted that the group now commands an overall assets-under-management (AUM) portfolio of N28 billion—inclusive of N6.9 billion in public funds—positioning the firm among the region’s rapidly scaling financial institutions.
Utomi disclosed that the three collective investment schemes—introduced within a span of nine months—comprise the Alpha10 Dollar Fund, the Alpha10 Money Market Fund, and the Alpha10 Halal Fund.
According to Utomi, the Dollar Fund is structured to help investors hedge and diversify beyond naira-denominated assets, the Money Market Fund caters to short-term liquidity and naira-based growth, and the Halal Fund provides Sharia-compliant, non-interest financial options for ethical investors.
Together, the products target retail participants, institutional investors, and Nigerians in the diaspora.
Speaking at the unveiling ceremony, Rivers State government representative Jerry Ugo emphasized the need for strict corporate governance and transparency in the South-South financial space to protect citizens from fraudulent schemes.
Echoing this stance, Bernard Ebe, the SEC’s Port Harcourt Zonal Director, urged regional investors to prioritize regulated capital market avenues over high-risk, unverified setups.
Alpha10 stated that its new Rivers State hub will anchor its three core business arms: Alpha10 Fund Management Limited, Alpha10 Advisory Partners Limited, and Alpha10 Global Market Limited, delivering asset management, corporate advisory, and securities trading closer to Niger Delta businesses.
