Investment bank is a type of bank that acts as an intermediary that undertakes large and complex financial transactions on behalf of other companies or government. Such financial transactions include underwriting/ issuing house for securities, issuing companies and investors, facilitating merger of 2 competitors, as financial advisory and brokerage. Investment bank also handles pension funds.
It requires a strong investment bank to leverage investment opportunities.
We have compiled list of 13 of such strong investment banks in Nigeria. We understand that there are other investment banks in Nigeria, if you know or operate investment bank in Nigeria that you think should make this list, don’t hesitate to contact us. This List is nominal.
Read also: Importance of Investment Banks in Economic Development of Nigeria
List of top Investment Banks in Nigeria
• Rand Merchant Bank Nigeria Limited
• Quantum Zenith Capital & Investments Limited
• Investment One Capital Management.
• Stanbic IBTC Capital Limited
• Standard Charted Bank
• Coronation Merchant Bank
• Meristem Capital
• The Infrastructure Bank
• Afrinvest
• First Bank of Nigeria Asset Management
• Renaissance Capital Bank
• Chapel Hill Denham
• Vetiva Capital Management
Read also: Top 18 Investment Banks in South Africa
1. Rand Merchant Bank Nigeria Limited
Rand Merchant Bank Nigeria Limited, located in Lagos is one of the leading investment banks in Nigeria. Some of its services include Securities and Commodity, Contracts Intermediation and Brokerage. Visit Rand website
2. Quantum Zenith Capital & Investments Limited
Quantum Zenith Capital is the biggest investment bank in Nigeria. The bank says it ranks No. 1 in initial public offering (IPO), financial advisory, cooperate financing and many more. Located in Lagos, Quantum Zenith Capital is a subsidiary of Zenith Bank Plc, the best performing deposit money bank in Nigeria. According to information on Bloomberg, Quantum Zenith Capital facilitates deals in all sectors including oil & gas, power & infrastructure, and breweries & beverages amongst others. Get more information on their website.
3. Investment One Capital Management
Investment One Capital Management is one of the leading investment banks in Nigeria. Services they offer include financial advisory, private banking, issuing house, real estate investment, venture capital. It has three offices located in Lagos, Abuja, Port Harcourt. Visit their website for more.
4. Stanbic IBTC Capital Limited
Stanbic IBTC Capital Limited, an affiliate of Stanbic IBTC Holding, offers investment banking services to corporate clients. Some of its services include underwriting for IPO, financial and capital market advisory, pension funds management. It is registered with the Securities and Exchange Commission as an issuing house and as an underwriter.
5. Standard Chartered Bank
Standard Charted Bank is international investment bank operating in well over 60 countries including Nigeria. It offers investment banking services in the areas of wealth creation, loan and working capital, insurance, private and business banking. It also operates as deposit money bank (commercial bank). Get more information on Standard Chartered Bank website.
6. Coronation Merchant Bank
Coronation Merchant Bank is an investment bank licensed and regulated in Nigeria by Securities and Exchange Commission as broker-dealer firm. It has a wholly-owned subsidiary- Coronation Securities Limited.
Nigeria’s leading financial institution, Coronation Merchant Bank emerged the first and only internationally rated merchant bank in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency, 2020. Read more on their website.
7. Meristem Capital
Meristem Capital is a fast-growing investment bank that integrates their expertise in investment banking to offer clients valuable financial advice and solutions by optimizing capital structure and minimizing the cost of capital. Registered as issuing house, Meristem Capital, provide, assistance to small and medium companies that desire to be listed on the Alternative Securities Market board to leverage the quantum opportunities it provides. Visit Meristem here
8. The Infrastructure Bank Plc
Formerly Urban Development Bank of Nigeria Plc, The infrastructure Bank PLC is one of the leading investment banks in Nigeria, with the three tiers of governments in Nigeria and Nigeria Labour Congress as its major shareholders. As the name implies, it provides financial solution to infrastructure development in the areas of transportation, mass social housing, power and renewable energy. Read more on their website.
9. Afrinvest
Afrinvest Ltd. is a financial advisory firm with a focus on West Africa. It is active in four principal areas: investment banking, securities trading, asset management, and investment research. It is an issuing house and underwriter. Visit Afrinvest website.
10. First Bank of Nigeria Quest Assets Management
FBNQuest Assets Management, a subsidiary of First Bank of Nigeria PLC, is one of the strongest, tested and trusted investment banks in Nigeria. Its strategic investment services cover mutual funds, liquidity management and many more. See more on their website
11. Renaissance Capital Bank
Renaissance Capital is a leading emerging and frontier markets investment bank providing access to over 50 markets across the globe with operations in Africa, Central and Eastern Europe, North America, and the Middle East. Visit their website for more.
12. Chapel Hill Denham
Chapel Hill Denham is investment bank that undertakes Mergers and Acquisitions (M&A), Capital-Raising and Financial Advisory services. They provide comprehensive advisory services to a diverse client base which includes multinationals and governments.
13. Vetiva Capital Management
This is a Pan-African financial company registered with the Securities and Exchange Commission and the Nigerian Stock Exchange to carry out business as an Issuing House, Market Maker, and Fund/Portfolio Manager. They offer Investment Banking services, Brokerage, and Dealing, Asset Management, and trust services.
Read also: Permitted and Prohibited Activities of Investment and Merchant Banks in Nigeria
Disclaimer: This article was written for information purpose, and does not amount to endorsement of the companies by Business Compiler or its Publisher. Therefore, you take responsibility for dealing with any of them.