If your income is in naira but your dreams are in dollars, your portfolio needs a passport. Dollar mutual funds are that passport.
We plan in dollars even when we earn in naira. School fees whisper in dollars. Travel hums in dollars. Big life goals quietly peg themselves to the greenback. You don't need to relocate to protect the future you're building; you just need part of your money compounding in the same language as your goals. That's what dollar mutual funds do: they give your plan a passport stamp to earn, grow, and plan in dollars — without needing to open an account in Delaware or wire money to London.
Well, a Dollar Mutual Fund can be seen as a basket where your money teams up with thousands of other people's money. A professional manager uses that basket to buy USD-denominated assets (i.e. assets priced in dollars) — typically Nigeria's USD sovereign bonds (Eurobonds) and short-term dollar instruments. Your units are priced in USD, potential income is USD, and performance is tracked in USD. Same mutual fund mechanics you know; different currency, more control over dollar-linked goals.
Dollar Mutual Funds invest in USD-denominated assets like Eurobonds and money-market instruments, not in naira. This means your returns are earned and paid in dollars.
Nigeria is easing off peak inflation, but prices and policy are still punchy. Headline inflation cooled to 20.12% in August 2025; the Central Bank has kept the MPR at 27.5% to stay tight until disinflation sticks.
Translation: Naira investments pay more today, but the currency story still matters for tomorrow. Dollar investments act as a safety net. Parking a slice of your portfolio in USD assets protects you from the naira's swings and keeps the purchasing power of your dollar-denominated dreams intact.
Underneath, you'll usually find FGN Eurobonds — Nigeria's bonds issued in USD — plus dollar money-market placements. Coupons and principal are in dollars. As a temperature check, the DMO's Sept 17, 2025 sheet shows a curve that starts around ~6.0% at the short end (2025–2028) and climbs towards ~9.1% out to 2051, real USD income opportunities that you can access without moving money abroad.
If you're saving for next year's school fees, the last thing you want is a sudden currency shift when the invoices arrive. Maybe you're planning a relocation, a sabbatical, or importing premium goods for your business; either way, your plans already involve dollars. Dollar mutual funds put your money and your goals in the same place. Less confusion, fewer surprises.
The Chapel Hill Denham Nigeria Dollar Income Fund (NDIF) is an open-ended USD income fund that primarily invests in Eurobonds and dollar money-market instruments. Think semi-annual distributions you can reinvest, a low entry ticket (~$100 minimum), and a minimum holding period of six months. This ensures you make the most of your investment. You access it directly on InvestNaija or the fund manager's website once you complete your onboarding process in a few steps.
Please keep in mind that the rates can change as they depend on how the market is doing at any given time.
⚠️ Your Capital is at risk. Always read the fund factsheet and the terms and conditions before investing.
You don't need to dollarise your whole life. You just need to match dollar goals with dollar assets. Start small, automate reinvestments monthly, and give compounding time to do the heavy lifting. Discipline beats vibes — every time.
USD, not NGN (naira)
FGN Eurobonds + USD money-market instruments
USD dividend payouts + capital gains/price movement
InvestNaija (KYC/BVN required)
~$100 to start; 6 months holding period applies
CHDFX: 407%+ returns since inception (2021) in naira terms