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The Top investment banks in Nigeria (All you need to know)
Although plagued by corruption, Nigeria is considered to be one of the popular choices for investments.
I will be explaining everything you will need to know about investment banks in Nigeria, how to become an investment banker in Nigeria and the list of popular investment banks in Nigeria.
What are investment banks?
Investment banks are financial institutions were individuals, governments and corporate bodies can get financial advice, they also act as a middleman between companies looking for finance and investors looking to invest their money.
Investment banks can act as the company’s agent in the issuance of securities and assists in mergers and acquisition between two or more companies.
Investment banking is a practice that deals with issuance, purchase and sales of shares, bonds of companies, organizations and government agencies.
Some of the activities of associated with investment banking are:
- Issues new securities (bonds and shares) for private and government agents and organizations.
- Offering funds for financing major projects such as oil and gas, roads, plant & machinery, infrastructure, agriculture etc.
- Finances for mergers and acquisitions
- Aiding government agencies in bridging gap of tax mismatches.
- Raising capital through the free share sale on the stock exchange.
Advantages of investment banks in Nigeria
- It costs less than hiring people engaged in the public sale of securities.
- Investment banks can immediately pay for the entire issue, the firm will not have to wait until the whole issue is realized.
- An investment bank can also organize a wider distribution of securities.
- investment can provide substantial assistance during periods of difficult financial situation.
How to become an investment banker in Nigeria
Investment bank in Nigeria is very lucrative, some of the most profitable industries for investment banking are;
- Food production, restaurant business, and ready meals’ delivery.
- Building business, purchase-sale-lease of real estate.
- Fashion industry.
- Agricultural business
- Education (Private schools and universities)
- Car business
- Internet sale
- Logistics business
- Music and film industry
Before you become an investment banker, you need to have a proper education, a little bit of job experience in an investment bank with good reputation.
You will also need to obtain all the necessary license needed to operate as an investment banker in Nigeria plus making connections with companies to make deals.
Creating presentations, financial models and also checking verification of documents is another thing that is required of an investment banker.
Top investment banks in Nigeria
Stanbic IBTC capital limited
Stanbic IBTC is a member of stanbic IBTC holdings plc, the bank won the best investment bank in Nigeria award at the euromoney awards for excellence 2018 in London.
Renaissance capital bank
Renaissance capital bank focuses on the investments for mergers and acquisitions (M&A) as well as equity debt capital markets.
It involves in selling securities as a means of trade, it has no hallway or building to its name but instead carries out its services from the stock markets itself.
Renaissance capital bank is located in Moscow, lagos, Nairobi, kiev, Almaty and accra etc.
First bank of Nigeria quest asset management
First bank of Nigeria quest asset management is a subsidiary of FBNquest merchant bank. It leverages specialization of the subsidiaries of its 6 parent company to enhance delivery and provide world class client solutions.
UBA capital plc
UBA capital is wholly owned by united bank for Africa plc with it being incorporated in 1964. UBA clientele includes agencies, government, corporate institutions and others.
Its debt equity capital (DCM) team provides innovative solutions and support to clients assisting them in raising long term debt financing from both the local and international capital markets.
FCMB capital markets
FCMB capital market offers services a like financial advisory, debt and equity capital raising including IPOs, mergers & acquisitions, infrastructure & project finance.
Ecobank is a member of the pan African ecobank chain which operates in 36 countries.
Guaranty trust bank
Guaranty trust bank is headquartered in Lagos, Nigeria. It became a public company in 1996, six years after its foundation in 1990, and was the first sub-saharan bank listed on both London and the German stock exchanges.
Greenwich trust limited
Greenwich trust limited is solely a boutique investment bank and is registered with the security and exchange commission of Nigeria and the Nigeria stock exchange along with 4 major subsidiaries.
BGL securities limited
A member of BGL plc which is one of the 1st investment banking companies in Africa. They offer their customers first class corporate finance and private banking/asset management services as well as financial advisory services.
Meristem securities limited
Meristem securities limited was formerly called Great Africa/securities limited, licensed by both the Nigerian stock exchange and security & exchange commission (SEC).
Chapel hill Denham
Chapel hill Denham came as a result of the merger between chapel hill advisory partners limited and Denham management limited and is a financial institution that offers financial advisory services.
WSTC financial services
WSTC financial services that was formerly known as the wall street trust company limited, WSTC financial services started as a non-financial institution but was licensed in 1993 to operate in Nigeria as a financial institution.
List of investment banks in Nigeria
- Access bank
- Associated investment trust
- Microfinance bank limited
- Bank of industry
- Bank PHB
- Bauchi investment corporation limited
- Central bank of Nigeria
- Diamond bank
- Equitorial trustbank
- Federal mortgage bank of Nigeria
- Fidelity bank
- First bank of Nigeria
- First city monument bank plc
- Guaranty trust bank
- Intercontinental bank
- Mainstreet corporate banking
- Oceanic bank
- Savannah bank
- Skye bank
- Societe Generale bank of Nigeria
- Spring bank
- Stanbic IBTC bank plc
- Sterling bank
- Union bank of Nigeria
- United bank of Africa
- Urban development bank of Nigeria
- Wema bank
- Zenith bank
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