Aside from commercial banks which many Nigerians are familiar with, we also have Investment banks in Nigeria, and they proffer financial transaction advice to private customers, companies, and governmental bodies.
Investment banks in Nigeria may no longer be the most talked as they used to be especially now that commercial banks seem to be everywhere, but it is still an important part of the Nigerian financial system. They have their own designated functions just like Commercial banks.
Investment banks in Nigeria are clearly top dogs in the financial markets, these banks assist acquisitions and mergers between multiple companies. They can serve as an intermediary between companies in need of finances and potential investors willing to put down cash for business.
Investment banks in Nigeria also position themselves as the agent of the company in the process of issuing securities. Investments fit into virtually every field and industry and if you are looking out for the top investment banks in Nigeria, they are revealed in this article:
LIST OF TOP 10 INVESTMENT BANKS IN NIGERIA
1. Stanbic IBTC Capital Limited
Stanbic IBTC helps to meet the specific needs of their customers. They have about 200 branches in the country and have earned a huge reputation when it comes to globalizing their capital markets situated in diverse countries around the globe with potential economic development, offering and receiving needed support.
The bank is a subsidiary of Stanbic IBTC Holding which offers support to clients with investment banking services. It is recognized as one of the leading financial investment banks in Nigeria and is registered as an issuing house and underwriter to the Securities and Exchange Commission. The institution has capabilities in capital market, advisory, and financial arranging.
2. Vetiva Capital Management Limited
Vetiva Capital Management Limited is very reliable as regards raising financial capital and investment banking. They have acquired all necessary legal backing to achieve successful business transactions in Nigeria.
The financial institution is registered under the Securities and Exchange Commission and has provided investment banking services, Asset Management, Brokerage and Dealing, and trust services.
3. UBA Capital PLC
UBA Capital PLC is a subsidiary of United Bank for Africa PLC which has built a long-age reputation of providing innovative services to customers. This includes diverse clientele involving Private and Corporate institutions, Government agencies, and much more.
Between 2010 to 2018, UBA Capital was involved in well beyond 70% of state bond issuances in Nigeria. They have a Debt Equity Capital team that offers support to clients to produce long-term debt financing through both international and local Capital Markets.
4. Renaissance Capital Bank
Renaissance Capital bank poses as one of the top-level investment banks in the country. They offer
clients access to over 50 markets in the world. The full scope investment banking services provided to clients go along with equity and debt capital including Mergers and Acquisition services.
The bank provides services directly from stock markets. It trades in securities and has branches that are situated in diverse countries of the world such as Kiev, Accra, Moscow, Lagos, Nairobi, and Almaty among several others. Their steady rise in revenue is driven by their fixed income desks in Nigeria and Russia, and strong performance of the derivatives divisions.
5. Standard Chartered Investment Bank
Standard Chartered Investment Bank is a fusion of Bank Of West Africa and Standard Bank of South Africa in 1965. They acquired banking operations in Nigeria and later became Standard Bank of Nigeria in 1999.
The bank is laden with the mission to provide products and services in commercial, retail, private, wealth management, digital, transaction, corporate, and institutional banking business. It has over 1700 branches around the globe and over 70 countries housing its multiple subsidiaries. An estimated 87, 000 employees are connected to the bank.
6. FCMB Capital Market
FCMB Capital Market has built recognition through its sister company, FCMB Capital Markets Limited. The institution has participated in landmark transactions for over 30 years and provided innovative advice, comprehensive advisory services, and proven execution skills.
They also offer infrastructure and Project Finance, Financial Advisory, Mergers and Acquisition, and Debt and Equity capital raising. They have recorded a whopping N7.1 billion as profit before tax (PBT) within six months in 2018. FCMB Capital is licensed as a house of issue and financial advisor by the SEC.
7. CitiBank
CitiBank, previously known as Nigerian International Bank Limited, began running in 1984. The bank name was changed to its current one in 2008. They have branches spread across the major cities of the country including Oyo, Lagos, Abuja, Rivers, Abia, Kano, and Delta.
The bank has openly expressed its desire to see that businesses strive which is carried out by being a partner that corporations, governments, and institutions can count on and also providing a satisfactory service to consumers. Citibank functions as an investment bank that renders services such as advisory and capital raising services. The capital raising services could come in form of sales of shares, debt financing, mergers, and derivative securities, acquisition, and so on.
The bank works tirelessly in a bid to ensure everyone is happy, this is done by using experienced personals and partnering with experts in capital markets, sales, and trading plus a top notch research and global relationship banking aimed at improving delivery.
8. Guaranty Trust Bank
Guaranty Trust Bank has branches not only in Nigeria but in about eight other countries in Africa. After being founded in 1990, it turned out to be a public company first in 1996 and became the first sub-Saharan bank to be enlisted on both the German and London Stock Exchanges.
The bank currently has over 10,000 employees in Uganda, Kenya, Rwanda, Gambia, Liberia, Sierra Leone, UK, Ghana, Ivory Coast, and Nigeria.
9. First Bank Of Nigeria Capital Asset Management
The First Bank Of Nigeria Capital Asset Management is a product of First Bank Of Nigeria Holdings Plc. They put in all efforts to address the specific needs of institutional investors and individuals by providing numerous investment products and services covering diverse classes of sectors and assets. They also offer strategies that are specifically suiting for investment portfolios and goals.
The company leverages on the specialization of subdivisions of its parent company to augment its output and deliver top-level solutions to its clients. They provide transaction services within the country to both private and public sectors and have been a strong part of the financial group of Nigeria since 1984.
10. Quantum Zenith Capital
Quantum Zenith Capital is closely connected to Zenith Bank which is Africa’s biggest financial group. It is also one of the top asset management firms and investment banks in Nigeria that has also gained strong capitalization and market turnover.
They offer government organizations, private entrepreneurs, and corporations with the best arrange services, Mergers and Acquisitions, Debt solutions, Corporate Finance, and strategic financial advice. They are well equipped to handle multiple projects and sizes of transactions.
Quantum Zenith Capital delivers high standard services to their clients by taking advantage of the best and latest technology, a team of world-class professionals, and access to appropriate markets. Their core business and experience also focus on Private equity investors, Blue chip companies, Mid and Large Local Corporates, and High net worth clients.
Zenith Bank has continuously experienced a consistent rise in their annual profits.
