News

FBN Trustees resumes its educative and empowering Legacy Series

May 10, 2017

FBN Trustees, a subsidiary of FBN Capital Limited and a part of the FBN Holdings Group, has commenced another season of the Legacy Series in line with its commitment to support the development and financial growth of individuals. Now in its fourth season, the series aims to improve the understanding of the concept of estate planning so individuals can learn how to identify opportunities, secure their future, and transfer these assets seamlessly to their preferred beneficiaries across generations.... read more

Derivatives Can Enhance Liquidity, Funding Solutions in Nigerian Capital Markets - FBN Capital

Mar 03, 2017

Lagos, Nigeria; 21st February, 2017: FBN Capital Limited, a subsidiary of FBN Holdings and one of the leading players in the Nigerian Capital Markets, has stated that derivatives offer the potential for enhanced liquidity and increased funding solutions in the capital market. This contribution was made during discussions at the inaugural edition of the Nigerian Structured Product Summit by the Capital Market Solicitors Association (CMSA), aimed at addressing the fundamental issues around structured products and derivatives in Nigeria. ... read more

Trade Minister, Enelemah, identifies strategies to move the economy forward at the 6th FBNQuest Investor Conference

Oct 31, 2016

The Honourable Minister of Industry, Trade and Investment, Mr. Okey Enelamah, has reiterated government’s commitment to ending the current economic recession through strategic policies such as robust partnership between government and the private sector, support to Micro, Small and Medium Enterprises (MSMEs), as well as intervening in high potential sectors including manufacturing and agriculture.... read more

FBN Capital Limited receives ‘Best Investment Bank Award’ at the Africa Investor Capital Markets and Index Series Awards also announced winner at BusinessDay Banking Awards, EMEAFinance African Banking Awards

Sep 28, 2016

FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, has received the prestigious ‘Best Africa Investment Bank Award’ for the second consecutive year. The award was conferred by the Africa Investor Group, a leading international investment and communications firm, at the Ai Capital Markets and Index Series Awards 2016 in New York in recognition of the nature, complexity, and size of deals delivered by FBN Capital.... read more

FBN Capital receives accolades in The Banker, Global Finance and EMEA Finance Achievement Awards

Jun 15, 2016

FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc. has been recognized for consistent and outstanding performance by three reputable financial awards institutions. The firm emerged as the winner of the “Best Refinancing in Africa’ at the EMEAFinance Achievement Awards; the prestigious “Deal of the Year, Africa” at The Banker Awards; and the “Most Innovative Bank in Africa’ by Global Finance Awards for Accugas IV, Seven Energy’s senior secured term loan and revolving working capital facility. ... read more

FBNQuest creates diversification and US Dollar investment opportunities locally - Launches FBN Nigeria Smart Beta Equity Fund and FBN Nigeria Eurobond (USD) Fund

Mar 08, 2016

Lagos Nigeria, 08 March 2016: In a bid to proactively address the need for credible alternatives to invest local and USD denominated funds, the Asset Management business of FBNQuest (a part of the FBN Holdings Group), has launched two new mutual funds - the FBN Nigeria Smart Beta Equity Fund and the FBN Nigeria Eurobond (USD) Fund.... read more

Investment Diversification Crucial for Investors in Current Economic Climate- FBNQuest

Jan 19, 2016

Lagos Nigeria, 19th January, 2015 : Michael Oyebola, the Chief Investment Officer of FBNQuest and Managing Director of the Asset Management business, has underscored the importance of investment diversification as a critical tool of personal and institutional financial planning in light of the prevailing economic realities in the country. He shared this insight as he reviewed early investment performance indicators in 2016 recently. ... read more

FBN Money Market Fund Reaches N54billion

Nov 09, 2015

Lagos Nigeria, 4th November 2015: Over 3 years after launching at N1.5bn, the FBN Money Market Fund now has over N54 billion in assets under management (AUM). The Fund, managed by FBN Capital Asset Management, (operating under the brand name FBNQuest) is a SEC-registered open ended mutual fund that invests in a broad range of money market securities such as treasury bills, commercial papers, fixed deposits and aims to offer a high level of security coupled with a competitive yield.... read more

REINVENTING THE NIGERIAN ECONOMY: BEYOND THE RHETORIC - FBN Capital Hosts 5th Annual Investor Conference

Oct 19, 2015

Lagos Nigeria Monday, October 19, 2015: FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, will once again host key stakeholders at the 5th edition of its Annual Investor Conference, taking place on the 27th of October 2015 at the Intercontinental Hotel in Lagos. The theme of this year’s event is “Reinventing the Nigerian Economy: Beyond the Rhetoric”.... read more

Clear Cut Tariff Reform Will Promote Power Sector Investment– Abiola Baruwa

Oct 02, 2015

FBN Capital, the Investment Banking subsidiary of the FBN Holdings Group has highlighted that investment in the power sector can be encouraged through sustainable and consistent cost reflective tariffs. Abiola Baruwa, a Vice President of the firm made this known as part of a stakeholder forum focused on ‘Managing the Risk of Releasing Private Sector Capital for Investment in the Power Sector’ during the 2015 Powering Africa conference that recently held in Abuja. ... read more

FBN Capital Wins ‘Best Africa Investment Bank’ at Africa Investor’s 2015 Institutional Investment Awards, New York

Oct 02, 2015

FBN Capital Limited has been awarded the prestigious 2015 Best Africa Investment Bank Award by the Africa Investor Group, a leading international investment and communications firm. The award which was received at the CEO Institutional Investment Summit and Institutional Investment Capital Market Awards in New York, USA last week was conferred in recognition of the firm’s leading role in power, infrastructure, capital markets and other financing programs over the past year.... read more

FBN Capital Successfully Concludes Cross River States Bond Issuance Offer

Sep 03, 2015

FBN Capital Limited has announced the successful conclusion of the Series 1 Bond Issuance offer for the Cross River State Government, under its N40 billion bond issuance program. The 7-year tenured Bonds with maturity due in 2022 were issued via a Book Building process by FBN Capital Limited, following its appointment as the Lead Issuing House by the State Government in May 2015. ... read more

In-Country Sourcing of Finance Gaining Traction in Oil and Gas – FBN Capital

Jul 03, 2015

Rolake Akinkugbe, the Vice President and Head, Energy and Natural Resources at FBN Capital Limited, has stated that local sources of finance have gained in popularity over the past decade as African banks have been better capitalised to take advantage of new opportunities in the oil and gas sector. She shared this view as part of an expert panel reviewing current trends in African Oil and Gas Funding at the just concluded 2015 Oil Council Africa Assembly which held in Paris last week. ... read more

Nigeria is West Africa’s most Viable Investment Destination for Foreign Institutional Funds– Michael Oyebola

Jun 17, 2015

Michael Oyebola, the Managing Director and Chief Investment Officer of FBN Capital Asset Management Limited, has highlighted Nigeria’s position as one of the top foreign institutional fund destinations in West Africa. He made this known as part of a presentation titled “Nigeria: West Africa’s most viable destination for US institutional funds” during the 2015 edition of the Africa Institutional Funds & Managers Series (AIFMS), in New York, on Wednesday. ... read more

Strong Corporate Governance Structures Critical in the Current Low-Price Environment – FBN Capital

May 05, 2015

According to FBN Capital Limited, strong corporate governance structures are critical to attracting funding for Oil and Gas development in the prevailing low-price environment. Rolake Akinkugbe, the Head of Energy and Natural Resources at FBN Capital made this known during the eighth edition of the annual sub-Saharan African Oil and Gas Conference 2015 themed, ‘optimising innovation and investment opportunities in the upstream, downstream and service sectors’organized by Energy and Corporate Africa which took place in Houston Texas on the 29th and 30th 2015. ... read more

Financial planning is essential in the face of prevailing economic realities – Michael Oyebola

Apr 27, 2015

Michael Oyebola, the MD/CIO of FBN Capital Asset Management has underscored the importance of personal financial planning in the face of the prevailing economic realities arising. He made this known as part of a presentation entitled “Beyond Editing: Investing For A Secure Future” during the 2015 edition of the Biennial Convention of the Nigerian Guild of Editors, which took place at the Lagos Airport Hotel on the 25th of April 2015.... read more

Seplat Petroleum Development Company, FBN Capital and Nigerian Lenders Close Secured Term Loan and Accordion Facilities up to US$1.4 Billion

Apr 22, 2015

Seplat Petroleum Development Company Plc. (“Seplat” or the “Company”), a leading indigenous oil and gas exploration and production company, listed on both the Nigeria Stock Exchange and London Stock Exchange, closed in January 2015 a new US$700 million seven year secured term facility which includes an option to upsize the facility by up to an additional US$700 million for qualifying acquisition opportunities. The facility was closed with a consortium of banks in Nigeria with FBN Capital acting as Structuring Bank.... read more

FBN Capital Wins Africa Deal Of The Year at IJGlobal Awards

Feb 23, 2015

FBN Capital Limited has been awarded the ‘Africa Oil and Gas Deal of the Year Award’ for the Oando Energy Resources US$350 million Conoco Phillips assets acquisition deal. The award was conferred at the prestigious IJGlobal Europe & Africa Awards 2014, organized by the Infrastructure Journal & Project Finance Magazine on the 19th of February at the Natural History Museum in London.... read more

Hope on the Horizon for West African Oil & Gas sector – FBN Capital

Feb 11, 2015

Lagos Nigeria, 4th February 2015: Rolake Akinkugbe, the Head of Energy and Natural Resources at FBN Capital has said that in spite of the challenges currently being faced within the sub-Saharan African Oil and Gas sector today with production of shale oil in the world market, the reduction of oil imports from Nigeria by the USA and the global drop in crude oil prices, there appears to be hope on the horizon for sub-Saharan African producers. She made this known while speaking recently at the 6th Annual West Africa Trade & Export Finance Conference organized by the Global Trade Review magazine in Lagos.... read more

FBN Capital’s 2015 Outlook report sees policymakers soon back in the front row

Jan 26, 2015

FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings in Nigeria has released its 2015 Nigeria Outlook. The report takes a look at the elections, oil prices, the financial markets, and the prevailing exchange rate to assess the potential effects on the economy and provide likely projections for the year ahead.... read more

Local knowledge is key to breaking ground in sub-Saharan Africa –FBN Capital

Jan 20, 2015

The Managing Director of FBN Capital, Mr. Kayode Akinkugbe has emphasized that knowledge of the local operating environment is essential for foreign investors looking to make in-roads to the investment landscape in sub-Saharan Africa. He made this known during the Africa Inbound Forum at the Waldorf Hilton Hotel in London which focused on spotlighting deal opportunities within the continent’s cash-rich economies, and examining the factors influencing FDI and M&A in Sub Saharan Africa.... read more

FBN Capital conference: Expert wants Nigeria to focus on manufacturing

Dec 01, 2014

Professor Anil Gupta, International expert on strategy, globalization and emerging markets, has urged Nigeria to embrace the manufacturing sector and rise above its present ‘emerging’ economy ranking among its global peers. Professor Gupta, in a paper titled ‘The rise of Nigeria and the task ahead’, presented at FBN Capital’s 4th Annual Investor Conference themed ‘Lifting the lid on emerging Nigeria’ which held on November 11, 2014 in Lagos, said Nigeria which is the fastest growing economy second to China has a number of factors that have placed it in a favorable position for further growth. ... read more

Industrial Revolution Plan: Minister says we need consistency and implementation

Dec 01, 2014

The Honorable Minister of Trade and Investment, Olusegun Aganga has said that consistency and implementation is what is needed for the successful execution of the nation’s Industrial Revolution Plan. The Minister made this known at FBN Capital’s 4th Annual Investor Conference which held on November 11, 2014 in Lagos. “We have to diversify our economy to achieve the successful execution of the nation’s Industrial Revolution Plan” he said. He highlighted that Agriculture is a sector which is still operating below its potential, as the nation’s land could grow just about any type of crop ranging from tomatoes to cotton. “We have 44 solid minerals that we can focus on. It is achievable. All we need is consistency and implementation. We have already drafted plans in some areas and we have identified seven areas that can make this plan successful” he added.... read more

Lifting The Lid on Emerging Nigeria - FBN Capital Hosts 4th Annual Investor Conference

Oct 14, 2014

FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, will once again host key stakeholders at the 4th edition of its Annual Investor Conference, holding on the 11th and 12th of November 2014 at the Federal Palace Hotel in Lagos. The theme of this year’s event is “Lifting the lid on emerging Nigeria”, with a focus on the recently rebased GDP of Nigeria, and how investors and stakeholders can tap into the potential that this new data presents.... read more

OANDO Energy Resources Inc, FBN Capital Limited and Lenders Seal US$350 Million Conoco Phillips Assets Acquisition Deal

Aug 06, 2014

Oando Energy Resources (OER) has successfully completed the acquisition of Conoco Phillips interests in OMLs 60, 61, 62, 63, 131 and 145 (the Target Assets) located in a prolific oil and gas producing zone in the Niger Delta. The landmark deal of approximately USD 1.6 billion was financed with a combination of debt and equity. The debt portion comprised of a US$450 million RBL facility provided by both Nigerian and offshore banks and a US$350 million Corporate facility provided by Nigerian banks, leveraging OER’s existing portfolio comprising OMLs 90, 13, 56 and 125/134.... read more

FBN Capital Partners With LBS On Education - Donates Bloomberg Terminals

Jul 08, 2014

As part of continued efforts geared towards impacting the society through sustainable initiatives in the field of education, leading investment bank and asset management firm, FBN Capital Limited, initiated a partnership with the Lagos Business School with the commissioning of the LBS Bloomberg Room which houses Bloomberg terminals to help students in finance related disciplines gain exposure to the real-time market data tool.... read more

FBN Capital, Seven Energy, Accugas, Others Announce Us$170 Million Financing

May 06, 2014

Seven Energy International Limited (“Seven Energy”) and its wholly-owned subsidiary Accugas Limited (“Accugas”), on Monday 31st March 2014, closed a US$170 million 5.5-year medium-term acquisition finance facility (the “Facility”) with FBN Bank (UK) Limited and Ecobank Nigeria Limited. FBN Capital Limited acted as Structuring Bank, sole Initial Mandated Lead Arranger, Financial Modelling Bank and Global Facility Coordinator. Aluko & Oyebode acted as lenders legal counsel, Royal HaskoningDHV Nederland BV represented the lenders on environmental / technical due diligence matters. UUBO and Addleshaw Goddard acted as the Borrower’s local and international legal counsels respectively.... read more

FBN Money Market Fund Reaches N20billion

Mar 07, 2014

Less than two years after its launch, the FBN Money Market Fund now has over N20 billion in assets under management (AUM). The Fund, managed by FBN Capital Asset Management, is an open ended mutual fund that invests in...... read more

FBN Heritage Fund Pays Dividend

Dec 10, 2013

FBN Heritage Fund managed by FBN Capital Asset Management, a subsidiary of FBN Capital Ltd, the Investment Banking and Asset Management subsidiary of FBN Holding Plc will on Tuesday, December 10, 2013 pay its first dividend to its various unit holders...... read more

FBN Capital Offers Wealth Management Via Online Portal

Jun 01, 2013

In line with FBN Capital’s strategic objective to offer best-in-class services to clients, the firm has announced the launch of its online self-service customer portal to facilitate investors’ access to online financial solutions...... read more