Question 1

What is FBN Merchant Bank?

Accepted Answer

FBN Merchant Bank is a full-service merchant bank and investment banking institution operating in Nigeria. The bank is part of the FBN Holdings Plc (now First HoldCo Plc) group, one of Nigeria's most established financial services conglomerates. FBN Merchant Bank serves a diverse clientele including corporations, high net worth individuals, institutional investors, banks, and public sector institutions across various economic sectors.

The bank specializes in merchant banking services, providing sophisticated financial solutions that bridge corporate finance, investment banking, and wealth management for Nigeria's most demanding clients.

Question 2

When was FBN Merchant Bank founded?

Accepted Answer

FBN Merchant Bank commenced merchant banking operations on November 2, 2015, following the granting of a merchant banking license by the Central Bank of Nigeria on May 18, 2015.

The institution evolved from Kakawa Discount House Limited, which was established in 1995 as one of Nigeria's original discount houses. Kakawa was acquired by FBN Holdings Plc in 2014, and after obtaining regulatory approval, it was converted from a discount house to a full merchant bank in 2015. The transformation expanded the institution's business portfolio from primarily trading in treasury bills and government bonds to offering comprehensive merchant banking services.

Question 3

Where is FBN Merchant Bank headquartered?

Accepted Answer

FBN Merchant Bank is headquartered at 10 Keffi Street, Off Awolowo Road, S.W. Ikoyi, Lagos, Nigeria. The bank relocated to this location following its conversion to merchant banking status to accommodate expanded operations and increased headcount.

Lagos, as Nigeria's financial capital and commercial hub, serves as the strategic base for the bank's operations within the country's financial services industry.

Question 4

Where does FBN Merchant Bank operate?

Accepted Answer

FBN Merchant Bank operates from three strategic locations across Nigeria: Lagos (headquarters), Abuja, and Port Harcourt. These locations position the bank in Nigeria's key commercial and political centers.

The Lagos office serves as the primary operational hub, the Abuja office at 18 Mediterranean Street, Imani Estate, Maitama caters to clients in the Federal Capital Territory and northern Nigeria, while the Port Harcourt office at 22/24 Aba Road serves clients in the oil-rich Niger Delta region and southern Nigeria.

Question 5

What services does FBN Merchant Bank offer?

Accepted Answer

FBN Merchant Bank offers a comprehensive range of merchant banking and investment services including Corporate & Transaction Banking, Investment Banking, Fixed Income Securities Trading, Wealth Management, Equity Capital Markets, Debt Capital Markets, Treasury Services, and Facility Agency Services.

The Corporate Banking division provides loans, commercial papers, promissory notes, asset-backed facilities, bonds, and guarantees to sectors including power and infrastructure, manufacturing, FMCG, oil and gas, real estate, telecommunications, and construction. The Investment Banking arm delivers financial advisory services, debt solutions, and capital raising.

The bank's digital services include a Corporate Internet Banking platform offering real-time account access, fund transfers, bulk payments, and transaction monitoring. The institution also operates an internet banking platform (iBank) for customer convenience and has developed the FBN Edge app for asset management clients to manage investments on-the-go.

Question 6

What makes FBN Merchant Bank unique?

Accepted Answer

FBN Merchant Bank benefits from its affiliation with the FBN Holdings Group, providing access to the heritage and resources of Nigeria's oldest banking franchise established in 1894. This connection offers significant financial capacity and enables cross-selling opportunities across the broader group.

The bank pioneered the marketing of treasury bills to individual investors through its proprietary Treasury Bill Backed Investment (TBBI) product in 1997, demonstrating innovation in making institutional products accessible to retail investors. The institution maintains strong relationships with regulatory bodies and leverages cutting-edge technology to deliver best-in-class financial services while enhancing customer experience through digital transformation initiatives.

Question 7

What type of financial institution is FBN Merchant Bank?

Accepted Answer

FBN Merchant Bank is a merchant bank licensed and regulated by the Central Bank of Nigeria under the Merchant Banking Regulations 2010. Merchant banks in Nigeria are specialized financial institutions authorized to provide wholesale banking services, investment banking, asset management, and related financial services to corporate clients, institutions, and high net worth individuals.

Unlike commercial banks that focus on retail deposit-taking and lending, merchant banks concentrate on corporate finance, capital markets activities, wealth management, and sophisticated financial advisory services. FBN Merchant Bank operates within this regulatory framework, serving as a specialized investment banking institution within Nigeria's financial services sector.

Question 8

What is FBNQuest?

Accepted Answer

FBNQuest is the brand name for the merchant banking and asset management businesses of FBN Holdings Plc, which includes FBNQuest Merchant Bank Limited as the flagship entity. The FBNQuest group encompasses related subsidiaries including FBNQuest Capital Limited, FBNQuest Securities Limited, FBNQuest Asset Management Limited, FBNQuest Trustees Limited, and FBNQuest Funds Limited.

This integrated platform allows FBN Merchant Bank to offer a comprehensive suite of services across investment banking, securities trading, asset management, and trustee services. The FBNQuest brand represents the group's commitment to innovation and pioneering solutions in Nigeria's investment banking and asset management sector.

FBN Merchant Bank

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About FBN Merchant Bank in Nigeria