All Things Fintech in Africa

Top 10 Investment Banks in Nigeria

These are the Top 10 Investment Banks in Nigeria.

Banks generally go beyond the commercial banks that we are all familiar with. There are generally different types of banks but majority of us are of the idea that we relate with commercial banks on a daily basis and they have our money with them so others are probably not necessary and we don’t need to know about them.

Aside commercial banks, we also have investment banks. There are Investment banks in Nigeria just like they are in other countries across the world. Investment banks are financial institutions that give advice on financial transactions to individuals, corporate bodies and the government. An investment bank can also act as an intermediary between investors that are willing to invest their money and companies looking to finance their company. It can also act as the company’s agent in the issuance of securities. An investment bank also assists in mergers and acquisitions between two or more companies.

The list below shows ten top investment banks in Nigeria in no particular order and where they are located.

  1. VETIVA CAPITAL MANAGEMENT.

Location: 266B Kofo Abayomi St, Victoria Island, Lagos.

Website: vetiva.com

Vetiva Capital Management Bank is a Pan-African company playing in the financial services sector, registered with the Securities and Exchange Commission and the Nigerian Stock Exchange to carry out business in Nigeria. They offer Investment Banking services, Brokerage and Dealing, Asset Management and trust services.

2. CITI BANK

Location: 27, Kofo Abayomi Street, Charles S. Sankey House, Victoria Island, Eti Osa, Lagos, Nigeria.

Website: citigroup.com

Citi Bank has been in existence since 1984. It was formerly known as Nigerian International Bank Limited. It changed its name to Citi bank in 2008. It has twelve branches across the nation situated in Abia, Abuja, Delta, Kano, Lagos, Oyo, and Rivers states.

3. AFRINVEST

Location: 27 Gerard Road, Ikoyi, Lagos, Nigeria

Website: afrinvest.com

Afrinvest is one of the fastest growing financial solutions provider. They offer investment banking services, asset management, investment research and securities trading. It is regulated by the Securities and Exchange Commission as an issuing house and underwriter. Thy also provide financial advisory services and capital raising solutions to those who need them.

4. CHAPEL HILL DENHAM

Location: 1st and 2nd Floor, 45 Saka Tinubu Street, Victoria Island, Lagos
NIGERIA.

Website: chapelhilldenham.com

Chapel Hill Denham was founded as a financial advisory firm in 2005 and registered under the Securities and Exchange Commission. Prior to this, they were an asset management and broker firm.

Chapel Hill Denham is into services such as; investment banking, securities trading and investment.

5. THE INFRASTRUCTURE BANK PLC

Location: Plot 977, Central Business District, Abuja

Website: infrastructurebankplc.com

It was formerly referred to as Urban Development Bank of Nigeria Plc. It was established in 1992 under the 1992 constitution of the federal republic of Nigeria. The Infrastructure Bank is dedicated to provide financial solutions to support key long term infrastructure projects. It is a private bank but it has the Federal, State and Local Governments as well as the Nigeria Labour Congress as shareholders.

6. CORONATION MERCHANT BANK

Location: 10 Amodu Ojikutu Street, Victoria Island, P.O Box 74853, Victoria Island Lagos, NIGERIA

Website: coronationsl.com

Coronation Merchant Bank was first established in August 2011 as Marina Securities Limited. It has a wholly owned subsidiary- Coronation Securities Limited. It is a licensed broker-dealer firm that is regulated by the Securities and Exchange Commission

7. STANDARD CHARTERED BANK

Location: No. 142, Ahmadu Bello Way, Victoria Island, Lagos

Website: sc.com

In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring a bank operation in Nigeria. The name was then changed to Standard Bank of West Africa  and the Standard Bank of Nigeria when it re-entered the market in 1999 after the civil war.

Today the bank offers productsa and services in retail, wealth management, commercial, corporate and institutional, private, digital and transaction banking business.

They currently have 22 branches located in Lagos, Port Harcourt, and Abuja.

8. RENAISSANCE CAPITAL BANK

Location: 5th Floor, Professional Centre, Plot 1B, Bank PHB Crescent. Off Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria

Website: rencap.com

Renaissance Capital provides a full scope of investment banking services to its clients; global markets, prime brokerage, hedging solutions research and so on. They focus majorly on Mergers and Acquisitions as well as equity debt capital. The bank carries out its services from the stock markets itself. It has branches in other major cities in the world.

9. STANBIC IBTC CAPITAL LIMITED.

Location: 31, Allen Avenue, Ikeja

Website: stanbicibtccapital.com

Stanbic IBTC Capital Limited is a subsidiary of Stanbic IBTC Holding that provides investment banking services to clients. It is registered to the Securities and Exchange Commission as an issuing house and as an underwriter. The Stanbic IBTC Capital is an investment banking franchise in Nigeria with capabilities in advisory, financial arranging and capital markets.

They have almost 200 branches across Nigeria.

10. FIRST BANK OF NIGERIA QUEST ASSET MANAGEMENT

Location: 10 Keffi Street, Off Awolowo Road S.W. Ikoyi, Lagos, Nigeria 

Website: fbnquest.com

First Bank of Nigeria Quest Assets Management is a subsidiary of First Bank of Nigeria Quest Merchant Bank.  They have the privilege to carry out private and public transactions of the company.

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