Business
FCMB Capital Markets Awarded for the most debt Issuances listed on NGX in Nigeria.
FCMB Capital Markets Awarded for the most debt issuances listed on NGX in Nigeria.
FCMB Capital Markets Limited, a subsidiary of FCMB Group Plc, has recently been honored with the prestigious award for “Issuing House with the Highest Number of Listed Debt Issuances (Corporate Bonds)” by the Nigerian Exchange Limited (NGX). This recognition was bestowed upon them at the NGX Made of Africa (MOA) Awards held on December 20, 2023, in Lagos.
The NGX Made of Africa Awards are a platform that celebrates outstanding contributions to Nigeria’s capital markets ecosystem. It aims to encourage increased listings, transactions, compliance, and innovation within the industry.
From the left: Executive Director, Capital Markets,Nigerian Exchange (NGX) Limited, Mr. Jude Chiemeka; Head, Market Surveillance and Investigations, NGX Regulation, Mr. Abimbola Babalola; Managing Director, FCMB Capital Markets Limited, Mr. Ikechukwu Omeruah and the Chief Executive Officer, NGX, Mr. Temi Popoola, during the presentation of the award of “Issuing House with the Highest Number of Listed Debt Issuances (Corporate Bonds)” by the NGX to FCMB Capital Markets on December 20, 2023 in Lagos.
Femi Badeji, Executive Director of Coverage and Investment Banking at FCMB Group, expressed his satisfaction with this achievement. He stated that this award serves as validation for the trust that leading companies and public institutions in Nigeria have placed in FCMB Capital Markets and its capabilities. Badeji also emphasized their unwavering commitment to excellence and building long-term relationships tailored to each client’s specific needs. He further dedicated this award to their valued clients and assured them that they would continue to place them at the heart of everything they do.
Upon receiving the award on behalf of FCMB Capital Markets and FCMB Group, Ikechukwu Omeruah, Managing Director of FCMB Capital Markets, highlighted its significance not only for their organizations but also for Nigeria’s future. Omeruah stressed that every bond they facilitate goes beyond being just a financial instrument; it contributes significantly to deepening their market and catalyzing growth, job creation, and overall advancement in Nigeria. He emphasized that their success is measured not just in numbers but also by looking at the tangible impact they create for their clients and the nation as a whole.
Over the past five years alone, FCMB Capital Markets has raised an impressive amount, totaling approximately N3 trillion in debt and equity capital for leading corporate organizations across various sectors within Nigeria’s economy. Notably, their performance in 2023 was exceptional, as they facilitated six out of nine publicly issued corporate bonds, thereby contributing to raising over 75% of the capital sourced through the corporate bond market and consistently securing a significant market share.
FCMB Capital Markets is recognized as a leading advisor across diverse sectors such as oil and gas, power, commercial real estate, financial services, consumer goods, and telecommunications. The services they provide include arranging debt and equity capital market issuances, project and structured finance solutions, mergers and acquisitions support, disposal assistance,and strategic advisory services encompassing balance sheet management and corporate restructuring.
In conclusion, FCMB Capital Markets’ recent achievement of being named the “Issuing House with the Highest Number of Listed Debt Issuances (Corporate Bonds)” at the NGX Made of Africa Awards highlights their dedication to excellence in investment banking. Their commitment to building long-term relationships with clients tailored to their specific needs has earned them the trust of leading companies and public institutions in Nigeria. With their impressive track record over the past five years of raising substantial amounts for various organizations across different sectors of Nigeria’s economy, FCMB Capital Markets continues to play a pivotal role in driving growth and development in the nation.
