Quest Merchant Bank Limited has met the N50 billion minimum capital requirement mandated for merchant banks by the Central Bank of Nigeria (CBN) strengthening the bank’s capital base and reinforcing its capacity to support Nigeria’s economic transformation.
Acting Managing Director, Quest Merchant Bank, Afolabi Olorode said the milestone reflects investors’ continued confidence in its long-term strategy, strong governance, and sustainable growth outlook.
According to him, the recapitalisation marked an important step in the bank’s post-divestment evolution under its new ownership, positioning Quest Merchant Bank with the balance-sheet strength needed to execute its next phase of growth.
He noted that with a significantly enhanced capital base, Quest Merchant Bank is now better positioned to underwrite larger transactions and expand its advisory, capital markets, and structured financing capabilities across priority sectors of the Nigerian economy.
He pointed out that the CBN’s recapitalisation directive, which sets N50 billion as the minimum capital threshold for merchant banks, was designed to reinforce the resilience, stability, and lending capacity of Nigeria’s financial system.
He said that by meeting this benchmark, Quest Merchant Bank has reinforced its standing as a trusted financial partner in infrastructure, energy, manufacturing, and corporate growth initiatives nationwide.
He said: “This milestone marks a significant step forward for Quest Merchant Bank. Meeting the 50 billion capital requirement underscores investors’ confidence in our strategy and reflects the strength of our governance and franchise.”
With this strengthened capital position, we are equipped to play an even greater role in financing key sectors of the Nigerian economy, enabling private enterprise, and supporting sustainable economic expansion.
“Our focus remains clear. We will continue to continue to help our clients succeed, while serving as a trusted long-term partner in delivering sustainable growth.”
Quest Merchant Bank remains committed to responsible growth, innovation, and delivering strategic financial solutions that empower businesses and institutions across Nigeria”.
