With the win from the Nigerian Exchange Limited (NGX) to become the ‘Issuing House with the Highest Number of Listed Debt Issuances,’ or Corporate Bonds, FCMB Capital Markets Limited, the investment banking division of FCMB Group Plc, has once again shown its strength in the financial industry.
The company received recent recognition at the NGX Made of Africa Awards, which took place in Lagos in December.
Join me as I break down every aspect of this topic.
FCMB Capital Markets Tops NGX
FCMB Capital Markets was a noteworthy performer at the NGX Made of Africa Awards, winning the coveted honor for its exceptional accomplishments in financing corporate bonds.
“This recognition validates Nigeria’s leading companies and public institutions’ deep trust in FCMB Capital Markets and its capabilities,” said Femi Badeji, Executive Director of Coverage and Investment Banking at FCMB Group, in response to receiving the award.
FCMB Capital Markets’ Outstanding Achievements
The Managing Director of FCMB Capital Markets, Ikechukwu Omeruah, stressed the importance of the award for the market as a whole, Nigeria’s future, and the institution itself.
“Every bond we facilitate deepens our market and catalyzes growth, job creation, and the advancement of our nation,” stated Omeruah. “It’s not just a financial instrument.”
Leading corporate organizations in a variety of Nigerian sectors have raised over N3 trillion in debt and equity capital thanks in large part to the efforts of FCMB Capital Markets over the last five years.
Particular recognition should be given to the outstanding performance in 2023, during which FCMB Capital Markets enabled six of the nine publicly traded corporate bonds.
With this achievement, the company has solidified its market dominance by contributing to more than 75% of the capital sourced through the corporate bond market.
NGX Made of Africa Awards: Honoring Outstanding Performance
An annual event, the NGX Made of Africa Awards is held to honor and recognize exceptional companies and people in the Nigerian capital market ecosystem.
The purpose of the awards is to honor organizations that have demonstrated outstanding performance, value delivery, and long-term impact and that have played a significant role in bolstering the capital markets in Africa and Nigeria.
CardinalStone Securities, MTN Nigeria, VFD Group, Lagos State Government and the Debt Management Office were among the other noteworthy recipients at the awards ceremony, alongside FCMB Capital Markets.
Each of them was acknowledged for their noteworthy services to the capital market.
FAQs on FCMB Capital Markets’ Corporate Bonds Excellence
1. In what manner was “Issuing House with the Highest Number of Listed Debt Issuances” awarded to FCMB Capital Markets?
– This honor was given to FCMB Capital Markets in recognition of their continuous brilliance and their significant contribution to the performance of numerous corporate bonds.
2. In the corporate bond market, what sets FCMB Capital Markets apart?
– The firm stands out in the corporate bonds market due to its dedication to quality, enduring partnerships, and measurable influence on market development.
3. What role do FCMB Capital Markets play in the expansion and development of the market?
– Every bond that FCMB Capital Markets facilitates, in the words of Ikechukwu Omeruah, advances Nigeria, strengthens the market, and creates jobs.
4. In the corporate bond market in 2023, what was FCMB Capital Markets’ market share?
– By facilitating six out of nine publicly issued corporate bonds in 2023, or more than 75% of the capital raised, FCMB Capital Markets gained a sizable market share.
5. Which areas of the Nigerian economy have FCMB cash Markets raised cash to support?
– FCMB Capital Markets has assisted prominent corporate entities in several domains of the Nigerian economy, accumulating around N3 trillion in debt and equity funds over five years.
6. What standards are taken into account for the Made in Africa by NGX Awards?
– The awards honor outstanding achievement, value creation, and long-term effects within the overall framework of the Nigerian capital market.
7. In what ways does FCMB Capital Markets give priority to enduring client relationships?
– The company values long-term partnerships by getting to know each client’s needs, building trust, and providing customized solutions.
8. How does FCMB Capital Markets use corporate bonds to support the development of jobs?
– By supporting corporate bonds, FCMB Capital Markets helps firms across a number of industries grow and expand, which in turn creates jobs.
9. How can FCMB Capital Markets contribute to the progress of Nigeria’s future?
– FCMB Capital Markets believes that its involvement is vital to expanding the market, stimulating expansion, and strengthening Nigerian society as a whole.
10. How does the growth of the capital market system benefit from the NGX Made of Africa Awards?
– The capital market ecosystem’s important contributors who serve as catalysts for expansion and sustainability are honored with these awards.
In Summary
Finally, the recent success of FCMB Capital Markets solidifies the company’s position as a front-runner in the financial industry, especially when it comes to corporate bonds.
The NGX Made of Africa Awards acknowledge the company’s dedication to quality as well as its important contribution to the expansion and advancement of Nigeria’s capital market.
As a major participant in the investment banking industry, FCMB Capital Markets is committed to fostering long-lasting connections and improving the country’s economy.
FCMB Capital Markets surpasses NGX, signifying not only a numerical advantage but also an unprecedented effect on the corporate bond market in Nigeria.
