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The investment banking franchise has built a reputation for combining extensive local and international market expertise with an established reputation for innovation, technical know-how and global relationships in its service delivery. Our credentials and track record make us the pre-eminent choice for clients in need of investment banking products and services.

brokerage

Financial Advisory

We offer a wide array of financial advisory services including Mergers and Acquisitions, Corporate Restructurings, and Divestitures & Spin Offs. We help tailor financing strategies to our clients’ unique situations, and we have a track record of innovative solutions for challenging economic conditions. 

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Capital Markets

We facilitate the issuance of a variety of corporate, national and sub-national debt and equity instruments. The Franchise has extensive experience, institutional knowledge and track record in both domestic and international capital markets advisory transactions. We maintain relationships with a wide spectrum of strategic and financial investors with interests and risk appetites covering the full spectra of equity and debt capital.

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Project Advisory

The franchise serves and supports project sponsors in structuring and sourcing optimal funding solutions from inception all the way through to financial closing. We offer project advisory services across various industries including power & utilities, oil & gas, telecommunications, infrastructure and real estate projects.

Financial Advisory Credentials
Fidelity Bank
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Fidelity Bank

N41.2 Billion (US$108.5 Million) 8.5% Series I Fixed Rate Bonds due 2031

Joint Issuing House

2020

Project Grand
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Project Grand

$30million capital raise for the development of an oil and gas handling facility

Financial Adviser

2020

Emzor Pharmaceutical
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Emzor Pharmaceutical

₦13.897 Billion (US$36.6 Million) 10% Fixed Rate Bonds due 2025

Joint Issuing House

2020

FBN Holdings
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FBN Holdings

Independent valuation of its subsidiary FBN Insurance Limited

Sole Financial Adviser

2020

River Jamieson SPV Ltd.
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River Jamieson SPV Ltd.

₦24.25 Billion (US$63.8 Million)
9% Series I Fixed Rate Bonds due 2025

Joint Issuing House

2020

Axxela Funding Plc
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Axxela Funding Plc

N11.5 Billion Series Bond- 2017

Joint Issuing House

2020

Asset Management Corporation of Nigeria
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Asset Management Corporation of Nigeria

Advisory on strategic alternatives for restructuring Tinapa, a business and leisure resort located in Northern Calabar

Sole Financial Adviser

2019

Oando Energy Resources
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Oando Energy Resources

Independent valuation of one of OER’s subsidiaries

Sole Financial Adviser

2019

Africa Health Holdings
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Africa Health Holdings

Independent valuation of Health Care Assets in Nigeria

Joint Financial Adviser

2018

NPF Pensions Limited
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NPF Pensions Limited

Financial Advisory on its proposed acquisition of FBNH’s 20% Equity Holdings in Capital Alliance Property Investment Company (CAPIC)

Sole Financial Adviser

2018

UAC of Nigeria Plc
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UAC of Nigeria Plc

₦15.4billion Capital Raising for UAC OF Nigeria ​

Financial Adviser

2017

Municipality Waste Management Contractors Limited
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Municipality Waste Management Contractors Limited

N20.3billion medium term note programme - 2017​

Joint Issuing House

2017

Mansard Insurance
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Mansard Insurance

Acquisition of a 60% equity stake from the shareholders of Penman Pensions Limited by Mansard Insurance Plc

Sole Financial Adviser

2015

Asset Management Corporation Of Nigeria
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Asset Management Corporation Of Nigeria

₦126 Billion Sell-Side advisory to AMCON on the sale of Mainstreet Bank Limited

Joint Financial Adviser

2014

Rak Unity Petroleum Plc
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Rak Unity Petroleum Plc

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Sole Financial Adviser

2013

Lagos State Government
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Lagos State Government

13.5% Fixed Rate Bonds due 2020

Joint Financial Adviser/ Issuing House

2013

United Bank for Africa Plc
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United Bank for Africa Plc

Re-organization of UBA into an International Commercial Bank under the New CBN Licensing Regime

Sole Financial Adviser

2012

Dangote Cement Plc
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Dangote Cement Plc

N26.5 Billion(US$177 Million) “Special Sale” Offering in connection with the Listing of Dangote Cement Plc

Sole Stockbroker

2012

Asset Management Corporation Of Nigeria
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Asset Management Corporation Of Nigeria

₦1.37 Trillion (US$8.6 Billion)​ Series IV Bonds Issued for the Recapitalization of Rescued Banks​

Lead Issuing House

2011

Guaranty Trust Bank Plc
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Guaranty Trust Bank Plc

₦17.2 Billion Strategic sale of Majority stake in GTB Registrars Limited, GTHomes Limited, and GTB Asset Management Limited

Sole Financial Adviser

2011

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Afrinvest is licensed by the Securities and Exchange Commission (SEC), Nigeria as a portfolio manager. We deliver world class asset management services to a range of mass affluent and high net worth individual clients. Through our subsidiary, Afrinvest Asset Management Limited, we offer investors direct professionally managed access to the Nigerian capital markets through equity focused, debt focused and hybrid unit trust investment schemes.

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Mutual Funds

Regardless of your earning capacity, investing in mutual funds is a great way to own stakes in multiple financial instruments. Depending on your investment goal, Afrinvest Mutual Funds gives you access to highly liquid fixed income investments for risk averse clients, shares of companies on the NSE, international and domestic bond market, or dollar- denominated Securities registered in Nigeria.

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Private Clients

For a more personalized experience, we offer an investment service with direct access to the NSE that gives clients the opportunity of operating a traditional brokerage account while having access to our professional expertise and research products. For high-net worth individuals, each portfolio is a customized interpretation of our clients' unique risk tolerance and personal preferences.

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Money Market & Currencies

We have a high-performing money market and currencies service that gives investors access to secure interest-earning products, including dollar denominated fixed income instruments issued by sovereign and corporate institutions. These opportunities are open to groups like staff member or friends, or to individual investors.

Track Records of Innovation
Afrinvest Dollar Fund (ADF)

Afrinvest Dollar Fund (ADF)

SEC Registered Fund

Fund Manager

2020

New Nigeria Foundation

New Nigeria Foundation

Private Collective Investment

Fund Manager

2018

E-Recruiters

E-Recruiters

Private Collective Investment

Fund Manager

2018

Afrinvest Plutus Fund

Afrinvest Plutus Fund

(A Money Market Fund)

Fund Manager

2017

Adamawa Peacemakers Initiative

Adamawa Peacemakers Initiative

₦1 Billion Insurgency Intervention Fund

Sole Fund Manager

2015

Anambra State Investment Promotion and Protection Agency​

Anambra State Investment Promotion and Protection Agency​

Fund Manager​

2015

SAS Consulting​

SAS Consulting​

Private Collective Investment​

Fund Manager​

2015

Nigerian International Debt Fund​

Nigerian International Debt Fund​

NSE Listed Fund​

​Fund Manager​

(Restructured 2010)

Afrinvest Equity Fund (AEF)

Afrinvest Equity Fund (AEF)

NSE Listed Fund​

Fund Manager​

2008​

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Research is at the core (heart) of our business value proposition as we strive to provide our clients, both internal and external, with in-depth knowledge and thought leadership required for sound investment decisions. Given the knowledge and experience of our research analysts, our research publications are widely acknowledged to rank amongst the most incisive and detailed.

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Robust Database

We maintain an extremely robust research database on the Nigerian market spanning 19 years ensures that we have at our ready disposal up-to-date trading information on the stock and fixed income markets as well as corporate actions.

Research Reports
Nigerian Economy and Financial Market 2020 Review & 2021 Outlook

Nigerian Economy and Financial Market 2020 Review & 2021 Outlook

A BLURRY PATH
TO RECOVERY

February 2021

2020 Nigerian Banking Sector Report

2020 Nigerian Banking Sector Report

THE
INSECURITY
CHALLENGES
OF POVERTY

December 2020

Nigerian Economy and Financial Market H1:2020 Review & H2:2020 Outlook

Nigerian Economy and Financial Market H1:2020 Review & H2:2020 Outlook

THE
INSECURITY
CHALLENGES
OF POVERTY

July 2020

Nigerian Economy and Financial Market 2019 Review & 2020 Outlook

Nigerian Economy and Financial Market 2019 Review & 2020 Outlook

NIGERIA
IN THE
NEW DECADE:
NOTHING VENTURED,
NOTHING GAINED

January 2020

2019 Nigerian Banking Sector Report

2019 Nigerian Banking Sector Report

BEYOND
THE PRECIPICE...
PULLING BACK
FROM THE BRINK

November 2019

Nigerian Economy and Financial Market 2018 Review & 2019 Outlook

Nigerian Economy and Financial Market 2018 Review & 2019 Outlook

ON THE
PRECIPICE!

January 2019

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Afrinvest is licensed by the Nigerian Securities and Exchange Commission (”SEC”) as a broker-dealer and is authorized by the Nigerian Stock Exchange (NSE) as a dealing member. Through our subsidiary, Afrinvest Securities Limited, we offer exclusive investment products originated by Afrinvest as well as unique value secondary market trading opportunities in equity, debt, money market and currency instruments. The business is structured along three lines:

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Brokerage

Afrinvest has remained a leading player in Nigeria’s competitive investment market with a solid reputation as a highly professional securities brokerage firm. Our equities trading platform ensures that both retail and institutional trades are executed in line with our clients’ expectations. From initial public offerings to private placements, our team of professionals provides real-time insights that help shape execution strategies, proactively monitoring capital markets, following up on key events that shape the market.

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Fixed Income

Our equities trading platform ensures that both retail and  institutional trades are executed in line with our clients’ expectations. From initial public offerings to private placements, our team of professionals provides real-time insights that help shape execution strategies, proactively monitoring capital markets, following up on key events that shape the market.

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Institutional Sales & Marketing

Our Money Markets & Currencies trading provides an array of investment opportunities to local and foreign institutions and individuals. As a member of the Money Market Association of Nigeria, our product offerings include Treasury Bills, Commercial Papers, Bankers' Acceptance, and Repos.

Track Records of Innovation
Briclinks Africa Plc Listing​

Briclinks Africa Plc Listing​

(Listing on the Growth Board of NSE)​

Stockbroker & Adviser​

2021

Emzor Pharmaceuticals​

Emzor Pharmaceuticals​

(N50.0bn Bond Issuance)​

Lead Stockbroker​​

2021

Axxela Funding Plc​​

Axxela Funding Plc​​

(N11.5bn Bond Issuance)​

Stockbroker​

2020

May & Baker Nigeria Plc​​

May & Baker Nigeria Plc​​

(N2.5bn Rights Issue)​​

Receiving Agent​

2018

UAC of Nigeria Plc​​

UAC of Nigeria Plc​​

(N15.4bn Rights Issue)​

Joint Stockbroker​​

2017

Dangote Cement Plc​

Dangote Cement Plc​

N26.5 Billion​
(US$177 Million)​
“Special Sale” Offering in connection with the Listing of Dangote Cement Plc​

Stockbroker & Adviser​

2010

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Afrinvest Trustees Limited provides a variety of services ranging from trust, investment administration to comprehensive wealth management services.  Based on our professionalism and brand strength amongst peers, we are the preferred local partner for individuals, international and multinational entities looking to do business in Nigeria. We leverage our wealth of experience, technology, and customer-centric professional staff to ensure clients’ satisfaction. Our trust services are personalized and tailored to meet the needs of our clientele. They include Private Trust, Corporate Trust, and Public Trust.

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Private Trust Services

Afrinvest Trustees Limited provides unique and personalized services that ensure that the needs of our clientele are met. This is done through an asset acquisition, asset management, and asset transfer. Our team draws from a wealth of experience while being responsive to the specific requirements of each client.

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Corporate Trust Services

Afrinvest Trustees Limited provides structured finance, debt capital/syndication, and agency services. 

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Public Trust Services

We act as trustees to secure the investments of bondholders in federal, state, local government, and other agencies of government-issued bonds as provided by law.