An investment company is a financial institution principally engaged in investing in securities. These companies in Nigeria are regulated by the Securities & Exchange Commission (SEC).
They invest money on behalf of their clients who, in return, share in the profits and losses. Investment companies are designed for long-term investment, not short-term trading and they do not include brokerage companies, insurance companies, or banks.
Are you looking forward to starting a business and you don’t have the required capital? Then you might need the service of investment companies because that’s what they do, they help the government, corporate bodies, and individuals in raising financial capital.
These companies are important in the nation and their duties cannot be overemphasized. Let take a look at the top 10 best investment firms in the country today.
Top Ten (10) Investment Companies in Nigeria
In no particular order, below are the top 10 investment companies in Nigeria, according to NigerianWiki:
1. Stanbic IBTC Asset Management
Stanbic IBTC Asset Management is one of the best investment companies in Nigeria. It specializes in financing, risk management, trading, investment banking, and other advisory services.
This firm had over the years developed a good understanding of the market trend through experience and had keyed into that in making its decisions.
Stanbic IBTC Asset Management is a subsidiary of Stanbic IBTC Bank which is a member of the Standard Bank Group, a South African company.
2. Zenith Capital
Zenith Capital is under the Zenith bank Plc, one of the leading commercial banks in Nigeria and as it stands, this their subsidiary is also one of the best in investment banking in the country.
Zenith Capital invests heavily in recruiting and retaining the right kind of people with the necessary skills, experience, and knowledge required to help it keep delivering its services to its clients. They are one of the best in the country you can trust.
3. Chapel Hill Denham
Chapel Hill Denham is a product of the merger of both Chapel Hill Advisory Partners Limited and Denham Management Limited. Chapel Hill Advisory Partners Limited had been licensed by the Securities & Exchange Commission (SEC) as an Issuing House and Market Maker.
Denham Management Limited, on the other hand, had been licensed by the Security and Exchange Commission (SEC) as a Fund/Portfolio Manager, Broker/Dealer and Investment Adviser. This merger had made this company strong. It is doubtful they were affected by the global financial crisis that affected the majority of the financial services firm in Nigeria.
4. Vetiva Capital Management Limited
Vetiva Capital Management Limited is a Pan-African company that had been registered by the Security and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to carry out business in Nigeria.
It is one of the leading investment companies in Nigeria and one of the place to develop one’s skills. This is evident as many of their former workers are senior managers in other investment banks in the country.
5. Meristem Securities Limited
Meristem Security Limited was formerly known as Great Africa Securities Limited before it adopted its current name. Meristem Security Limited share capital as at 2014 is N3.3 billion.
They have been licensed to operate as an Issuing House, dealers and brokers by the Security and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE)
6. Greenwich Trust Limited
Greenwich Trust Limited is duly registered with the Security and Exchange Commission (SEC) as well as the Nigerian Stock Exchange (NSE).
It was incorporated in 1992 and since then, has evolved to become a strong player and in the Nigerian investment sector. Greenwich Trust Limited focused on creating value for its customers.
7. WSTC Financial Services
Wall Street Trust Company (WSTC) Financial Services was established in 1991 as a non-financial service provider. In 1993, it was granted permission to operate as a financial company.
Currently, it had been licensed to operate as an Issuing House, Fund/Portfolio Managers and Broker/Dealer by SEC.
8. BGL Securities Limited
BGL Securities Limited offers first-class Corporate Finance and Private Banking/Asset Management services as well as financial advisory services to an expanding client which includes the government, corporate bodies and individuals.
Since it incorporation over a decade ago, it has built a reputation for passionately and professionally executing it activities in order to deliver the best for it customers. It is a subsidiary of BGL PLC, one of the pioneering investment banks in Nigeria. It headquarters is in Nigeria.
9. Capital Bancorp Plc
This firm is a Central Bank of Nigeria (CBN) licensed multidisciplinary finance house and a member of The Nigerian Stock Exchange and registered with Security and Exchange Commission as an Issuing House, Investment Adviser, Broker/Dealer and Portfolio Manager.
Capital Bancorp Limited was borne out of the perceived need to enhance the accessibility of industry, businesses and individuals to capital whether a loan or equity and high-grade investments. It is one of the first financial and professional services providers in the country.
10. FBN Capital Limited
FBN is a subsidiary of First Bank of Nigeria. It is registered with the Security and Exchange Commission (SEC) and known as one of the best investment companies in Nigeria.