Intercontinental Securities Limited (INTERSEC) is a Finance and Securities Dealing Company licenced by the Central Bank of Nigeria (CBN) as a Finance Company and registered with the Securities and Exchange Commission (SEC) as an Issuing House, Broker/Dealer and Portfolio Manager. The company is also a Dealing member of the Nigerian Stock Exchange and a member of the Association of Pension Fund and Investment Managers.INTERSEC was incorporated as a Private Limited Liability Company in September 1989. The Company had in conjunction with its parent Company, Nigerian Intercontinental Merchant Bank Limited (NIMBL) now Intercontinental Bank Plc (IB Plc) developed and serviced a sizeable proportion of the Capital Market business in Nigeria.INTERSEC presently operates with branches in Port Harcourt, Ikeja, Ibadan, Abuja, Kano and Benin, and has deepened its clientele base, as a finance and securities dealing Company, in all major sectors of the economy with an increasing profile of foreign portfolio investment clientele.

C&I Leasing Plc, a finance company licensed by the Central Bank of Nigeria, was incorporated on 28th December, 1990 as a private limited liability company to provide both operating and finance leases and other ancillary services.The principal activities of the Company are the extension of structured Operating and Finance Leases to the productive and other sectors of the economy. In recent years, this activity has been expanded to providing logistic support services. The company is a key player in the strategic oil and oil service industry where it provides leases and ancillary services to both local affiliates of international companies such as Cadbury, Heineken, Shell, Chevron, ExxonMobil, ENI-Agip, and MTN.The activities of C&I are co-ordinated from its corporate Head Office located at 2, C&I Leasing Drive, Lekki Phase 1, Lagos, Nigeria. The company also has operational branches located in the oil producing centres of Port Harcourt and Warri and in Abuja.

FBN Securities is a subsidiary of FBN Capital Limited and a member of the FirstBank group-Nigeria's oldest financial institution. Our clients include corporations, institutional investors, multi-nationals, public sector, affluent individuals and retail investors worldwide. With Shareholders fund in excess ofN1.4 billion, FBN Securities is one of the most capitalized securities trading firms in Nigeria. FBN Securities is duly registered with the Securities & Exchange Commission (SEC) as a Broker/Dealer, Investment Advisers and Portfolio Managers. The Company is also registered with Central Bank of Nigeria as a Finance House.

Integrated Capital Services Limited (ICSL) is one of Nigeria’s foremost investment and financing institutions set up by IBTC Chartered Bank in 1989 and commenced business in 1990 at its head office on Plot 1619, Danmole Street, Off Idejo Street Victoria Island Lagos.ICSL is licensed by both the Securities and Exchange Commission (SEC) as an issuing house and Central Bank of Nigeria (CBN) as a finance house respectively. It also has a fully owned retail currency trading subsidiary known as ICSL Bureau De Change which is licensed by the Central Bank of Nigeria for retail currency trading business and Bureau de change operations. ICSL’s primary businesses are investment management, money management, wealth management, insurance and risk management, asset management, portfolio management, stock brokerage, financial advisory and consulting services.

Aquila Capital Limited is a financial service company which specialises in Equipment leasing, Fleet Operation & Management, Asset Management as well as Corporate Business Support Finance.  We offer leasing services for purchase of capital assets such as vehicles, generators, construction, equipment, computers and other office equipment.

DOMINION TRUST LIMITED (DTL) was Incorporated in 1989 as a Finance/Investment Company. It was Licensed by the Securities & Exchange Commission in 1990 as: Issuing House,Broker and Dealer. Dealing member of the Nigerian Stock Exchange. We have strong IT Support, Active in primary and secondary issues. We have branches in Port Harcourt, Abuja and Ibadan.

Capital Bancorp Limited (CBL) is a Central Bank of Nigeria licensed multidisciplinary finance house and a member of The Nigerian Stock Exchange. The company is registered with the Nigerian Securities and Exchange Commission as an Issuing House, Investment Adviser, Broker/Dealer and Portfolio Manager.CBL was incorporated on the June 13, 1988 and today has an authorized share capital of N250, 000,000 with issued capital of N237, 676,445.10. Its broad shareholding structure includes amongst others, some of the largest insurance companies operating in Nigeria viz: Nigeria Reinsurance Plc.,Leadway Assurance Company,  Limited.,Great Nigeria Insurance Plc.,Royal Exchange Assurance Plc.,UNIC Plc.

Davandy Finance & Securities Ltd (DFS) is a highly innovative and responsive financial service company incorporated in 1997 on the basis of professionalism, integrity and a striving for excellence. Our goal is to offer a complete spectrum of seasoned financial, brokerage and economic solutions to individuals, corporate bodies and government establishments. DFS is licensed by the Central Bank of Nigeria as a Finance House and also registered with the Securities and Exchange Commission as an Issuing House and a Broker Dealer.

First Marina Trust Limited is a Central Bank of Nigeria licenced Finance Company which has since metamorphosed into an Investment Management Company. The company which is privately owned by Nigerians commenced operations in 1989.

Integrated Trust & Investments Limited is an investments management company that provides a selected range of specialist financial services to corporate clients, individuals and governments.  Integrated Trust & Investments Limited was incorporated on 25th September 1990 with the objective of rendering investments advisory and financial intermediation services to the business community and commenced active operations in February 1991. In 1993 the Company was licensed by the Central Bank of Nigeria to operate as a Fanance Company and was registered by the Securities and Exchange Commission (“SEC”) to operate as a Broker/Dealer, Portfolio Manager and Issuing House. The successes recorded in our activities led to the Company’s admission as a Dealing Member of The Nigerian Stock Exchange (“NSE”) IN 1994.

Intercontinental Finance and Investment Limited (IFIL) formerly known as EBN Finance, was incorporated on January 30, 2004 when the regulatory authorities stopped issuing licences to operate finance and securities business together . The company commenced operations in July 2004 with an approval-in-principle as a wholly owned subsidiary of the defunct Equity Bank of Nigeria, now Intercontinental Bank Plc. Intercontinental Finance and Investment Limited has an authorized share capital of 20 million of N1 each (prescribed minimum).

Interstate Securities Limited (ISL) was incorporated in 1984 by the Founder and Pioneer Chairman, Late Chief (Dr.) Samuel Oyewole Asabia and commenced business as a dealing member of Nigerian Stock Exchange in March 1985. The Company was registered with the Securities & Exchange Commission as a Broker/Dealer and an Issuing House in 1990 and is also licensed by the Central Bank of Nigeria as a Finance Company.

Lighthouse Investment Limited (LIL) is the private equity/venture capital arm of Lighthouse Finance Services Limited.LIL’s mission is to profitably back capable entrepreneurs who have unique financially viable ideas. LIL brings in critical growth factors, such as financing and business experience which small and midsized businesses usually lack.People and their ideas are our most valuable assets. We believe in people and their dreams, therefore seek to support them in fulfilling their dreams.

Mayfield Finance Company Limited was incorporated in February, 2005 and started operation in April, 2005. The company is licensed by Central Bank of Nigeria to carry out the business of financial intermediation. Mayfield finance provides quality services delivery system backed by solid financial base, experienced board of directors and resourceful staff. Our services and products are delivered in a friendly atmosphere and we ensure ultimate customer satisfaction.Mayfield Finance Company Limited is owned by a group of experienced Nigerian bankers and captains of the banking and finance industry who are previous banking system supervisors, policy makers and key operators of the Nigerian financial sector.Mayfield Finance Company Limited is a member of Mayfield Group and has a sister company, Mayfield Investment Limited, a member of the Nigerian Stock Exchange, specializing in stock broking, assets management and financial advisory services.

Pilot Finance Limited was incorporated in July, 1988 and obtain the CBN license to operate as a Bureau De Change in July 1989.The Company thereafter obtained the CBN Finance Company License in April, 1993.In 1993 the company was licensed by both the Securities & Exchange Commission and the Nigeria Stock Exchange as a broker/Dealer and dealing member respectively.The company currently has an authorized share capital of N50 million out of which N36.5 million has been paid up (as at 2009).The company is a major shareholder in Pilot Securities Limited, a dealing member of the Nigeria Stock Exchange with a paid up capital of N200 million.The company through its subsidiary – Pilot Bureau De Change is also a major player in the foreign exchange market.

PROFUND FINANCE AND INVESTMENT LIMITED was incorporated on the 22nd day of September 2006 to carry on the Money Market activities earlier carried on by Profund Securities Limited in compliance with the Central Bank of Nigeria and Nigerian Stock Exchange Stand Alone directives.It has an authorized share capital of N500,000,000 (Five Hundred Million Naira only) out of which N212,000,000 (Two Hundred and Twelve Million) is fully paid up (as at 2009).The shareholders of the company are Profund Securities Ltd. and PSIBL Insurance Brokers Ltd whose percentage holding are 99.9% and 0.1% respectively.

Summit Finance Company Ltd (SFC) was incorporated on January 26, 1986 for the purpose of providing specialized financial services to corporate and individual clients. Our corporate head office is located at Summit House, 6, Ajele Street, Lagos. We presently have three other branches at Ikeja, Onitsha and Port Harcourt located at The Lord’s Plaza, No. 17A, Allen Avenue, Ikeja, Lagos, No.38, New Market Road, Onitsha Anambra State and No. 26, Aba Road, Port Harcourt, Rivers State respectively.Summit Finance Company Limited was appointed a dealing member of the Nigerian Stock Exchange (NSE) in May 22, 1989 and had since remained a dominant force in stocks trading on the floor of the NSE and our active participant in the packaging and marketing of various public offers.Summit Finance Company Limited is one of the best Capitalized Finance/Stockbroking companies with a paid-up share capital of =N=527.6 million as at 30th June, 2008 and total asset base of over =N=5 billion.Summit Finance Company Limited is licensed by the Central Bank of Nigeria, the Securities and Exchange Commission and The Nigerian Stock Exchange to carry on: Non-Bank Financial Institution Businesses; and Capital Market Operation.

TFS Finance Limited is a CBN registered finance house in Nigeria. The company was incorporated in October 2004 but commenced operations in January 2005 with a wholly Nigeria interest to fill the gap of financial services, identified from a well thought out environmental and business analysis.Our core business focus is in the area of Credit Risk Management, Treasury and Working Capital Management, Financial/ Management Consultancy and Fund Management.

Treasures & Trust Ltd was incorporated in 1996 as a management consultancy, brokerage and general services company.In January 2002, The Company applied to the Central Bank of Nigeria for a license to operate the business of a finance Company. After meeting the Apex Bank’s stringent conditions, the company was granted final approval and issued an operating license on December 19, 2005 to commence Finance Company Business in Nigeria.The Company formally commenced operations on January 16, 2006 at No. 90 Norman Williams Street South-west Ikoyi, Lagos.

VT Leasing Limited was incorporated in June 1989 to engage in the business of equipment leasing. With the registered office at No. PC 14 Ahmed Onibudo Street, Victoria Island, the company commenced operations in November 1989. Though equipment leasing in its full ramifications had always been the Company’s business, special emphasis was placed on small ticket leases to individuals within a defined income range. This carved a niche for the company as the first financial institution to give any form of consumer credit albeit to a select middle income group and has turned VT Leasing into a household name in Nigeria.

These Revised Guidelines are issued by the Central Bank of Nigeria [CBN] in exercise of the of the powers conferred on it by the provisions of Section 28 of the CBN Act 24 of 1991 [as amended] and in pursuance of the provisions of Sections 56-61 of the Banks and Other Financial Institutions Act [BOFIA] 25, of 1991 [as amended]. The Revised Guidelines are to regulate the establishment, operations and other activities of Finance Companies.

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A new banking era after Sept 30 - Vanguard

BusinessDay

A new banking era after Sept 30 Vanguard While the five rescued banks, viz: Oceanic Bank International Plc, Finbank Plc, Union Bank of Nigeria Plc, Equitorial Trust Bank Limited (ETB) and Intercontinental Bank Plc scaled through by securing core-investors, Spring Bank (now Enterprise Bank), ... Bank-Nigeria: 800b Naira set aside to recapitalise rescued banksAfrique en Ligue Global Partners Now Union Bank's Core Investor – ThisDayNigerian Bulletin Shareholders approve Union Bank recapitalisationBusinessDay Nigerian Tribune -Arab News -Leadership Newspapers all 13 news articles »

Union Bank Nigeria Shareholders Approve Recapitalization - BusinessWeek

Union Bank Nigeria Shareholders Approve Recapitalization BusinessWeek 30 (Bloomberg) -- Union Bank Nigeria Plc's shareholders approved a recapitalization plan by African Capital Alliance, its core investor, Chief Executive Officer Funke Osibodu said. Investors also okayed a rights offer, she told reporters in Abuja, ...

CBN to extend Islamic banking to other financial sectors - Vanguard

AfricaNews

CBN to extend Islamic banking to other financial sectors Vanguard THE Central Bank of Nigeria, CBN, said that plans are underway to extend the non-interest banking or Islamic banking principles to non-banking financial services. Some non-bank financial institutions, such as insurance companies, ... CBN identifies odds against Islamic bankingNigerian Tribune Challenges of non-interest banking, by CBNThe Nation Newspaper Religious leaders divided over Islamic banking in NigeriaAfricaNews Leadership Newspapers -Financial Times (blog) -AllAfrica.com all 14 news articles »

First City Nigeria Shareholders Approve Takeover of FinBank - BusinessWeek

Leadership Newspapers

First City Nigeria Shareholders Approve Takeover of FinBank BusinessWeek The Lagos-based lender was one of eight banks whose top executives were fired by the Central Bank of Nigeria after loans to equity speculators contributed to non-performing debt that put the banking industry on the verge of collapse. ... FCMB shareholders approve Finbank acquisitionVanguard FCMB, FINBANK Hold EGM Despite Court OrderLeadership Newspapers Curtain Falls on Recapitalisation of Rescued BanksTHISDAY Live Moment Nigerian Newspapers -The Nation Newspaper -BusinessDay all 9 news articles »

Standard Bank May Buy Guaranty of Nigeria, Analysts Say - BusinessWeek

Leadership Newspapers

Standard Bank May Buy Guaranty of Nigeria, Analysts Say BusinessWeek Africa's largest lender said last month it may buy a consumer bank in Nigeria. Guaranty, Nigeria's second-biggest lender, is the most likely target because of its high return on equity and wide margins, according to Ilan Stermer, a Johannesburg-based ... First Bank, Others Win Awards In WashingtonLeadership Newspapers Standard Bank launches new branch in Ajao Estate, NigeriaistockAnalyst.com (press release) Standard Bank Group : takes top accolades during Washington summit season4-traders (press release) all 12 news articles »

Nigeria: Bank Recapitalization - Sanusi Assures On Sept Deadline - AllAfrica.com

Leadership Newspapers

Nigeria: Bank Recapitalization - Sanusi Assures On Sept Deadline AllAfrica.com Malam Sanusi Lamido Sanusi, the Governor of the Central Bank of Nigeria (CBN), has assured the international community that all banks in the country will be recapitalised by September 30. The CBN governor gave the assurance at the ongoing Annual ... UPDATE 2-Nigerian central bank breaches naira support bandReuters CBN denies setting up Mainstreet BankVanguard Sanusi wins African Central Bank Governor AwardThe Nation Newspaper Moment Nigerian Newspapers -BusinessDay -Daily Sun all 46 news articles »

Nigeria's Oceanic Bank wins approval for ETI merger - Reuters

BusinessDay

Nigeria's Oceanic Bank wins approval for ETI merger Reuters ABUJA, Sept 27 (Reuters) - Shareholders of rescued Nigeria's Oceanic Bank on Tuesday approved the planned merger with pan-African banking group Ecobank Transnational Incoporated. At a court-ordered meeting, the shareholders consented to all the ... Oceanic Bank shareholders approve ETI acquisition dealVanguard ETI shareholders approve raising $3bn for Oceanic Bank acquisitionDaily Sun FG: All Banks to Get Public Sector FundsTHISDAY Live BusinessDay -Middle East North Africa Financial Network all 13 news articles »

Nigeria Central Bank Governor Still Expects Inflows - Wall Street Journal

Myjoyonline.com

Nigeria Central Bank Governor Still Expects Inflows Wall Street Journal NEW YORK (Dow Jones)--Despite growing turmoil in global financial markets, the head of Nigeria's central bank said his country still expects to see net inflows of money coming into the country and that it isn't intervening at the moment to shore up its ... World Bank to assist Nigeria on job creationMyjoyonline.com Banks to be fully capitalised by Sept end – CBNVanguard Photo: Sun News PublishingDaily Sun Moment Nigerian Newspapers -NEXT -The Nation Newspaper all 21 news articles »

Central Bank Of Nigeria Raises Lending Rate To 9.25% - Leadership Newspapers

Reuters Africa

Central Bank Of Nigeria Raises Lending Rate To 9.25% Leadership Newspapers The Central Bank of Nigeria yesterday increased the benchmark lending rate by 50 basis points from 8.75 per cent to 9.25 per cent. The anticipated one per cent reduction in government's recurrent expenditure in the annual budget, the bank said, ... Central Bank Of Nigeria Hikes Rate 50bps To 9.25%Daily Markets CBN tightens monetary policy…raises interest rate to 9.25% as Naira dropsVanguard Diversifying Nigeria's forex reservesDaily Sun Bloomberg -AllAfrica.com -BusinessDay all 51 news articles »

Nigeria Central Bank Governor: To Invest 5% To 10% Of Reserves In Yuan - Wall Street Journal

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