FBN Merchant Bank Annual Report 2015

Kakawa Discount House Limited (KDH) was established in 1995. KDH traded in and held Federal Government bonds, treasury bills and other eligible financial instruments purchased by banks, corporate bodies and other investing public. The business was acquired by FBN Holdings Plc in 2014.

After obtaining the final approval for a merchant banking licence from the Central Bank of Nigeria on 18 May 2015, KDH commenced operations on 2 November 2015 as FBN Merchant Bank Limited. Our key businesses comprise fixed income securities trading, wealth management and corporate finance services.

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