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Best Investment Banks in Nigeria Top 10

Top 10 Best Investment Banks in Nigeria

Investment banks are banks that helps the government, corporate bodies and individuals in raising financial capital. They do this by acting as the client’s agent in the issuance of securities. In an ideal situation, investment banks unlike it commercial and retail counterparts do not take deposits. In Nigeria, investment banks are very vital in the economy and as such, it is important to list out the best investment banks in Nigeria – The list is in no particular order.

Top 10 Best Investment Banks in Nigeria

Top 10 Best investment banks in nigeria

Top 10 Best Investment Banks in Nigeria

1. STANBIC IBTC ASSET MANAGEMENT

This is a subsidiary to Stanbic IBTC Bank which is a member of the Standard Bank Group. Stanbic IBTC not only specialize in financing, risk management, trading and other advisory services, it also us a specialist in investment banking and that is what it investment arm: Stanbic IBTC Asset Management is meant for. This investment bank had over the years developed a good understanding of the market trend and had key into that in making it decisions.

2. VETIVA CAPITAL MANAGEMENT LIMITED

This is a Pan-African company that had been registered by the Security and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to carry out business in Nigeria. Vetiva is one of the leading investment banks and one of the place to develop one’s skills. This is evident as many of their former workers are senior managers in other investment banks in the country. They offer one of the highest pay to their employees in the industry.

3. GREENWICH TRUST LIMITED

This financial institution is a boutique Investment Bank focused on creating value for it customers. It was incorporated on 25th February, 1992 and started it business operations in June 1994. Greenwich is duly registered with the Securities and Exchange Commission (SEC) as well as the Nigerian Stock Exchange (NSE) with four (4) major subsidiaries. Over the years, Greenwich Trust has evolved to become a strong player and in the Nigerian investment sector.

4. BGL SECURITIES LIMITED

BGL PLC, the parent company of BGL Securities is one of the first Investment Banking Companies in Africa. Interestingly, their headquarters is in Nigeria. This investment bank offers first class Corporate Finance and Private Banking/Asset Management services as well as Financial advisory services to an expanding clientwhich aincludes the government, corporate bodies and individuals. Since it incorporation over a decade ago, it has built a reputation for passionately and professionally executing it activities in order to deliver the best for it customers.

5. MERISTEM SECURITIES LIMITED

This was formerly known as Great Africa Securities Limited. It is an LLC register and licensed by both the Security and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to operate as an an Issuing House, dealers and brokers. It share capital as at 2014 is N3.3 billions.

6. CHAPEL HILL DENHAM

This firm was created in 2008 after the successful merger of two successful firms. These firms includes Chapel Hill Advisory Partners Limited and Denham Management Limited. Prior to this time, Chapel Hill Advisory Partners Limited had been licensed by the Securities & Exchange Commission (SEC) as an Issuing House and Market Maker since it established in 2005. Also, Denham Management Limited had been licensed by Security and Exchange Commission (SEC) as a Fund / Portfolio Manager, Broker / Dealer and Investment Adviser.

With the involvement of this firm in almost all the state government bond issues in recent years, it is only right to imagine that being a relative of a government official is one of the quick ways of getting employed in this firm. Also, With their team of top professionals, Chapel Hill Denham is a force to reckon with and it is doubtful they were affected by the global financial crisis that affected majority of the financial services firm in Nigeria.

7. WSTC FINANCIAL SERVICES

This was formerly known as Wall Street Trust Company Limited. It started as a non-bank financial institution in January 1991 but by 1993, it was licensed to operate in the country as a financial institution. By 1995, WSTC Financial Services was registered by the Security and Exchange Commission (SEC) as a Broker/Dealer. In 2009, it was registered by SEC as an Issuing House and Fund/Portfolio Managers.

This financial institution is a member of the Nigerian Stock Exchange (NSE). In April 2012, it was one of the selected ten (10) to start market making activities on the Nigerian Stock exchange (NSE). With the number of transactions under their name, this company is one you can trust when it comes to investment banking.

8. ZENITH CAPITAL

This is one of the best investment banks and Management firms in Nigeria. It is a subsidiary of Zenith Bank Plc, one of the leading commercial banks in the country and even Africa. This firm just like it mother company believe it strength lies with it people and as such, invest heavily in recruiting and retaining the right kind of people with the necessary skills, experience and knowledge required to help it keep delivering it services to it clients.

9. CAPITAL BANCORP PLC.

Capital Bancorp Limited (CBL) is one of the first financial and professional services providers in the country. Capital Bancorp Limited was borne out of the perceived need to enhance the accessibility of industry, businesses and individuals to capital whether loan or equity and high-grade investments. This firm is a Central Bank of Nigeria (CBN) licensed multidisciplinary finance house and a member of The Nigerian Stock Exchange and registered with Security and Exchange Commission as an Issuing House, Investment Adviser, Broker / Dealer and Portfolio Manager.

10. OTHER BEST INVESTMENT BANKS IN NIGERIA

As mentioned earlier, the list of the best investment banks in Nigeria is in no particular order and as such, is not ranking any of the banks in the list better than the rest. To complete this list, here are the other ones.

  • FBN Capital Limited
  • UBA Capital Limited 
  • Asset Resources Management Company 
  • FCMB Capital Markets Limited 
  • Afrinvest (West Africa) Limited 
  • SFS Capital Nigeria Limited (Skye group) 
  • Marina Securities Limited 
  • Cardinal Stone Partners 
  • Dunn Loren Merrifiel Ltd.

Have I in anyway ommited any good investment bank that should have made the list of our Top 10 Best investment banks in Nigeria , let me know through the comment box and remember to like us on facebook @ facebook.com/9jaquest or twitter @ twitter.com/NaijaQuest.

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Updated: August 20, 2017 — 6:04 pm

1 Comment

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  1. Very interesting article. It will aid a lot of people in Job searches.
    However, I feel two top banks were omitted, FBN capital and UBA capital. Most of the banks listed are boutique banks providing mainly advisory services and are not strong enough to issue capital or even underwrite. In terms of sizes of deal flow in Nigeria, FBN capital is the largest and UBA capital has slowly been gaining recognition.

    That aside, this is a top article because you gave reasons for including each bank in the list as opposed to just arbitrarily naming banks you read about on the internet.

    More articles like this are needed to shine a light on Nigeria’s financial services Industry.

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