Top 10 Investment Companies In Nigeria

In Nigeria, many individuals have the desire to start up business but find it difficult to raise Capital.  Nigeria’s harsh economic policies are very in-conducive for upcoming business entrepreneurs.

This is because it does not allow for access to loans from Banks. These financial institutions, give harsh conditions, to discourage individuals from starting up the business of their dreams.

It has become important for the services of investment companies who could help individuals, corporate bodies or even government to raise this Capital.

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Most People do not understand the important role it plays, contributing to Nigeria’s economic growth. These investment companies are ranked the ten top best investment Companies in the country. They are:

1. UBA Capital

This Company has the ability to provide innovative, technology, specialist skills, and customized investment services.

It’s a subsidiary under United Bank for Africa. The client base is diverse from corporate institutions, Government, agencies, high network individuals, and retail investors.

The company is one of the top investment companies in Nigeria, with assets under management, in excess of over N70.5 billion.

The share holders’ earnings is rated over N16.8 billion, with gross earnings of over N8.9 billion. The company’s expertise consists of portfolio/fund management, mutual funds, wealth management and investment advisory services.

The company has a solid knowledge of over 50 years, on how to execute complex transactions, for businesses across African continent.

This include maintaining their leadership position in finance advisory, capital markets to especially corporate bodies and governments.

Example in 2017, the company had a number of transactions, serving as financial adviser to the UBA US$500 Million Euro bond, and to the US$300 Million Diaspora Bond issued by the Federal government of Nigeria.

The company has achieved to render financial and investment services, within four businesses: investment banking, asset management, trusteeship and securities trading.

In 2017 UBA Capital Asset Management successfully launched two mutual funds: the United Capital Nigerian Eurobond (USD) and the United Capital wealth for Women fund with.

These funds aided Nigerians’ demand in the innovative market. The company has also been successfully be listed in the Nigerian stock exchange and has a large well diversified shareholder base whom are investors, since 31^st December, 2017.

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2. Stanbic IBTC Asset Management

This is considered one of the best investment companies in Nigeria. They specialize in financing, risk management, trading, investment banking, and other advisory service.

This investment company is a subsidiary of Stanbic IBTC Bank. It is a member of the Standard Bank Group, a South African Company.

This services has aided to raise capital needed to support a business venture, or huge long term project. It has knowledge in providing good financial and investor advice to individuals, to enable them understand the Nigerian Financial market.

The company also has vast experience and expertise in investment management. Stanbic IBTC Asset Management is able to create mutual funds which provide variety of stocks, bonds, money market instruments or other securities.

Example of the funds are Equity fund, money market fund, guaranteed investment fund. These funds also were designed to provide solution for capital and provide protection for investors, in the Nigerian financial market.

In 2015, the Services was awarded the best Asset Management Company in Nigeria. That same year, Stanbic IBTC Asset Management was also awarded the best Mutual Fund Provider in Nigeria.

3. Cordros Asset management limited

The Company is a subsidiary of Cordos Capital Limited licensed by the Securities and Exchange Commission, as a portfolio management company.

The company is readily committed to providing value for diverse client base and ensures that investors achieve their potential.

The expertise at this company include Portfolio management, mutual funds, liquidity management, and aiding to provide a structured system with services towards wealth management.

This company is known for their services within sub-Saharan Africa, and has continued to be competitive in Nigeria’s financial Market.

The company has since tried to expand its shareholder base, whom are investors. In 2016, based on the approval of Nigeria Stock and Exchange Commission, the Cordros Asset Management Limited offered a total of N1 billion of 10,000,000 units at N100per unit of the money market fund to investors for subscription.

This is to ensure high quality measures to ensure capital preservation, and provide income for unit holders, by investing in the money market.

4. First City Asset Management Limited

This is an investment Company which was established in 1997 to aid in providing financial wealth and investment services to individuals, corporate bodies, in Nigeria and internationally.

The company is a wholly owned subsidiary of CSL Stock Brokers Limited, a member of FCMB Group plc. CSL Stock Brokers Limited, have existed for more than thirty years and considered the top stockbroking companies in Nigeria.

FCMB group is a leading financial institution in Nigeria. The Company offers advisory and professional services for wealth and investment services. It also provides solutions for fund management for investors.

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5. Vetiva Capital Management Limited

This is a pan-African Company that has been registered by the Securities and Exchange Commission (SEC) and the Nigeria Stock Exchange (NSE), to carry out Business in Nigeria.

It is one of the leading Investment Companies in Nigeria. The company is wholly owned subsidiary of Vetiva securities.

The company is a dealing member of Nigeria Stock Exchange, Vetiva Fund Managers Limited and Vetiva Trustee Limited. The investment Company acts as stock brokers, portfolio managers, and corporate dealers, in Investment management.

6. FbnQuest Asset Management Limited

This is a subsidiary of FBNQuest Merchant Bank. This is another known top investment Company in Nigeria. The investment company provides ranges of investment products and services across different sectors of Nigeria’s economy.

The company specializes in liquidity management and in asset management, specifically towards the use of mutual funds.

These mutual funds are designed to provide solutions on how best an investor can achieve goals and objectives. In 2017, the company was awarded the best assets manager in Nigeria, by a private banking survey, Euro Money.

Also in the same year, the Company was awarded at African Banking Awards, for having to be the best quality asset Management provider in Nigeria.

7. Morgan Capital Group

This Company was formerly known as International Capital Securities Limited. It was incorporated on 28^th January, 1997.

The company was issued a licence as a dealing Member of Nigeria Stock Exchange on 3^rd October, 1997. This Company has remained a dealing member over 17 years. In 2009, The company was given an additional license to be an Issuing house and financial adviser.

Morgan Capital was recently accredited by the Nigerian Stock Exchange as a designated Adviser, to the Alternative Securities Market Board.

Morgan Capital is fully specialized in Investment Banking, Securities Trading, and is giving licences to operate by Nigerian Securities & Exchange Commission and the Nigerian Stock Exchange.

The Company has comprehensive knowledge of investment banking and financial advisory services for Private, Public sectors, corporate and institutional clients.

The Company has participated in fund raising programmes, to raise over N110 billion in bonds as issuing house, Stock brokers, and Placement Agents.  The Company has aided Private Organizations, to gain access to funds from the Nigerian Stock Market.

Morgan Capital has very strong network with many African Investors and raising markets, where there are potential investors.

The Company has advised investors on a number of transactions. This include the Federal Government of Nigeria, through the Beau of Public enterprises, for carrying out renovation projects on National Art Theatre in Lagos, and Lagos State Trade Fair.

The Morgan Capital has advised on the proposed sale of the Ijora Power Plant, Calabar Power Plant and Oji River Coal power Plant.  The Company has continued to give accurate advice on how to invest properly in Africa.

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8. Rmb Nigeria

This investment Company in Nigeria is also known as Rand Merchant Bank Nigeria Limited., which is a member of First Rand Group.

This is a leading African corporate and Investment Bank in Nigeria and Africa. The Company Offers advisory services on issues about Capital Markets, financing and investing solutions.

The Bank has various funded transactions in infrastructure, resource financing, mergers and acquisition, and development projects in over 25 African Countries. The Company has helped to provide funds for building of dams, factories and energy installations.

In Nigeria, the Company has over ten years’ experience in providing advisory services on infrastructural development in various sectors of Economy.

In 2010, the Bank was established as a fully-fledged Merchant Bank. Rmb Nigeria has network in over 25 African Countries, and established branches in Botswana, Nigeria, Angola, and Kenya.

Also RMB Nigeria, established networks in India, japan, Korea, Singapore, and Malaysia. The Bank has a representative office in Dubai, United Arab Emirates.

The Bank has played a leading role to facilitate trade flows between China and Africa through a cooperation agreement, with China Construction Bank. The Bank also aids transactions, like cross border trade between Africa and the Middle East.

The Bank operates a branch in London, United Kingdom. It gives international investors across the Sub Saharan Africa, access to both hard and Local currency.

RMB Nigeria is able to partner with corporate bodies, government and individual clients to offer them investment banking services. The Bank also assist in trade and investment with Africa, Europe, Middle East, and Asia.

9. Afinvest (West Africa) Limited

This is another top Investment Company in Nigeria. The company engages in investment research. This is to provide for their clients the in-depth knowledge, thoughts, and leadership qualities needed to give a sound investment decision.

The Company gives advisory services on matters on Daily Market intelligence, Corporate Action Update, Fixed Income Research, Weekly Stock Recommendation, and periodical Earnings. The Company advises based on annual op

The Company keeps an accurate research data base on the Nigerian Market. It will give up to date information on stock and fixed income markets. The Bank is highly regarded on its research analysis. Its annual Publications are seen as very precise and detailed.

10. African Development Bank

Another top investment Company is the African Development Bank. The Bank has its headquarters in Abidjan, Cote d’ivoire. It had opened also a field office in Tunisia.

The Bank is known as a multi-regional Investment Company which reflects the Aspiration of the African Continent. The purpose of this Bank is to ramble for Africa’s growth and transformation.

The Bank wishes to promote a regional integrated Africa that is for a diverse economy. This will enable for Africans whether young or old to have access to the job market.

The Bank provides funds to fragile African States, to support Agriculture and Food Security, aid in Private Sector Development, and reduce gender inequality by providing opportunities for African Women. The Bank provides funding in aiding Africans, in acquiring skills in area of Science and Technology.

Example of the projects is the African Development Bank promoting food security by approving Equity investment of US$15 million to invest in the Africa Food Security Fund to boost Agro-business in Africa on 13^th June, 2018.   Another is the funding of over US $35.2billion to aid in solving Climate change in 2017.

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Conclusion

Investment Companies, are very necessary in our today society in Nigeria.  There is need for solid financial stability with the aid of Investment Companies, to bridge the gap, where capital financing is lacking, and has discouraged many from aspiring to set up businesses in Nigeria.

Key Words: Investment, Companies, Bank, Nigeria, Corporate Bodies, Individuals, Loan, Equity, Broker, Dealer, Issue House, Asset Management,  Capital, Portfolio, Securities And Exchange Commission, Nigerian Stock Market, Government.

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