30 results
- 30 Jan 2026
FBNQuest Merchant Bank Rebrands as Quest Merchant Bank
FBNQuest Merchant Bank Limited has completed a change of name and will now operate as Quest Merchant Bank Limited, following the receipt of all required corporate and regulatory approvals. The name…
- 1 Jan 2024
NOVA Merchant Bank Set to Begin Commercial Banking, Appoints Oyedeji as MD/CEO
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the…
- 30 Jun 2016
AfDB Approves Facilities for First Bank, FSDH Merchant Bank
The Board of Directors of the African Development Bank (AfDB) has approved $300-million and $50-million Trade Finance Loans to First Bank of Nigeria (FBN) and FSDH Merchant Bank Nigeria (FSDH),…
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 6 Jul 2020
Nova Merchant Bank Floats N10Bn Bond
Nova Merchant Bank, a leading merchant bank in Nigeria has announced that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to achieve its short-term and…
- 14 Mar 2024
NOVA Merchant Bank Attracts $65.12m FDI in 2023
NOVA Merchant Bank, a leading merchant bank in Nigeria, has firmly established its presence in Nigeria’s banking landscape and beyond as it has achieved a remarkable 76.1% increase in Foreign Direct…
- 27 Jul 2020
Nova Merchant Bank’s Debut N10Bn Bond Oversubscribed by 300 Per Cent
Nova Merchant Bank, a leading merchant bank in Nigeria, has announced the successful issuance of its N10 billion 7-Year Subordinated Unsecured Bond under its N50 billion debt issuance programme. The…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 6 Mar 2020
IFC Partners Coronation Merchant Bank to Boost Trade Finance in Nigeria
IFC, a member of the World Bank Group, today announced a $40 million Trade Finance Guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program. This will enable Coronation…
- 3 Nov 2025
FBNQuest Merchant Bank Named MSME Trade Finance & Non-Oil Export Merchant Bank of the Year
FBNQuest Merchant Bank Limited, a leading provider of investment and wealth management solutions in Nigeria, is proud to announce its recognition as the MSME Trade Finance & Non-Oil Export…
- 26 Jul 2021
Nova Merchant Bank Reaffirms Commitment to Bridging Infrastructure Gaps
NOVA Merchant Bank, one of Nigeria’s premier Merchant Banks has reaffirmed its commitment in bridging Nigeria’s infrastructural gaps. Nath Ude, chief executive officer and managing director of NOVA…
- 6 Mar 2026
Quest Merchant Bank Achieves CBN Regulatory Recapitalisation Milestone
Quest Merchant Bank Limited has successfully met the ₦50 billion minimum capital requirement mandated for merchant banks by the Central Bank of Nigeria (CBN) strengthening the Bank’s capital base and…
- 8 Oct 2023
NDIC Pays 29,573 Depositors of Closed MFBs, PMBs
Mr Bello Hassan, managing director, Nigeria Deposit Insurance Corporation (NDIC), has said it has paid about N1.084 billion to 29,573 depositors of recently-closed microfinance banks and Primary…
- 15 Jul 2026
Quest Merchant Bank Hosts Great Place to Work® Nigeria Study Mission
Quest Merchant Bank recently hosted the second edition of the Great Place to Work® Nigeria Study Mission, reaffirming its commitment to fostering a high-performance workplace culture and advancing…
- 14 Jan 2024
NOVA Merchant Bank Increases in Staff Salaries by 50 Percent
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. Mr. Wale Oyedeji, MD/CEO, Nova Merchant Bank The…
- 19 Mar 2026
Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative
Quest Merchant Bank has been appointed as Transaction Advisor for Project BRIDGE (Broadband Infrastructure Development for Digital Economy), a flagship national broadband initiative led by Honourable…
- 26 Sept 2023
NOVA Merchant Bank Uplifts 50 Young Lives through Pediatric Surgical Intervention
NOVA Merchant Bank, a leading merchant bank in Nigeria, has sponsored a Pediatric Surgical Intervention, as part of its 2023 Environmental, Social and Governance (ESG) program, specifically within…
- 2 Feb 2018
Oduoza, Former UBA Boss Floats Nova Merchant Bank
Phillips Oduoza, quintessential banker and former group managing director of the United Bank for Africa (UBA), has launched Nova Merchant Bank. Nova Merchant Bank has already designed…
- 5 Jun 2020
Agusto Affirms Coronation Merchant Bank’s Rating at A+ with Stable Outlook
Coronation Merchant Bank remains one of the top rated merchant Banks in Nigeria as shown by the recently released Rating Report by Agusto&Co , a foremost rating agency in Nigeria. In the Report,…
- 26 Aug 2020
Fitch Affirms Coronation Merchant Bank’s rating @ B-
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. Fitch assigned the…
- 7 Dec 2023
NDIC to Pay N16.18Bn Liquidation Dividends to Depositors of 20 Failed Banks
Nigeria Deposit Insurance Corporation (NIDC), has asked depositors of 20 failed banks to come forward and claim their liquidation dividends amounting to N16.8 billion. Bello Hassan, managing director…
- 20 Jul 2023
NOVA Merchant Bank Receives Shareholders Nod for Full Commercial Banking License
NOVA Merchant Bank has received approval from its shareholders to transition into a commercial banking license. The shareholders gave their unanimous approval during the company’s 6th Annual General…
- 21 Nov 2019
FBNQuest Secures Approval for Customs Duties Collections in Nigeria
FBNQuest Merchant Bank, the investment banking and asset management business of FBN Holdings Plc, has been approved by the Nigeria Customs Service as the first designated merchant bank in Nigeria…
- 2 Oct 2023
NDIC Begins Payment of N16.18Bn to Liquidated Banks’ Depositors
Nigeria Deposit Insurance Corporation (NDIC) has declared N16.18 billion liquidation dividends to depositors, creditors and shareholders of 20 banks in-liquidation. This followed impressive…
- 24 Aug 2020
Coronation Merchant Bank Launches Mobile App
Coronation Merchant Bank has launched of its mobile banking application, touted as the first of its kind within the merchant banking space provides customers with easy access to their accounts as…
- 15 Jan 2026
Paystack Buys Microfinance Bank, Enters Nigeria Banking Arena
Paystack, the Nigerian fintech company backed by global payments giant Stripe, has made a strategic entry into the regulated banking space in Nigeria with the acquisition of Ladder Microfinance Bank,…
- 4 Sept 2022
NDIC Makes Final Dividend Declaration to Depositors, Creditors of Failed Banks
Nigeria Deposit Insurance Corporation (NDIC), has published a final dividend declaration notice to depositors of 20 failed banks. The NDIC also published a final dividend declaration notice to…
- 26 May 2026
Quest Merchant Bank Strengthens Market Position as GCR Revises Outlook to Stable
Quest Merchant Bank Limited has strengthened its market position following GCR Ratings’ affirmation of the Bank’s national scale issuer ratings of BBB(NG) and A3(NG), alongside an outlook revision to…
- 24 Dec 2023
FSDH Merchant Bank Signs N20m Facility with AfDB to Boost Business in Nigeria
FSDH Merchant Bank has signed $20 million Trade Finance Facility Agreement with the African Development Bank (AfDB), aimed at significantly impacting trade financing across emerging sectors in…