Associated Discount House Limited (ADH) commenced business on 2nd August 1993 as one of Nigeria’s first three discount houses duly licenced by the Central Bank of Nigeria (CBN). It is owned by a group of successful banks and a major pension fund. As a discount house, ADH is a wholesale financial institution intermediating between the Central Bank of Nigeria, and the banks. Our functions are to assist the institutions in short-term liquidity management, provide intermediation services by channeling funds from the investing public into federal government securities, first-class investment instruments issued by the industrial and trading sectors entities that require working capital support, and also render expert advisory services.
ADH is a licensed primary dealer/market marker in FGN bonds by the Debt Management Office (DMO) of the Presidency, portfolio and funds management, and advisory services by the Security and Exchange Commission (SEC).