By Modupe Gbadeyanka
An investment banking licence has been granted to Alpha Morgan Capital Advisory Partner Limited by the Securities and Exchange Commission (SEC) of Nigeria.
“The Investment banking licence is coming at a time when the capital market needs innovation to deepen it and make it an enabler of economic development,” a statement issued by Alpha Morgan Capital quoted its Group Managing Director, Mr Ade Buraimo, as saying.
With the permit, Alpha Morgan Capital Advisory Partner Limited can now operate in the nation’s capital market and give investors something to cheer about.
Business Post gathered that the approval by SEC now makes the firm a full-fledged investment banking institution engaging in wealth management, portfolio and funds management, issuing house, financial advisory and underwriting.
“I am confident that with the variety and depth of skills, experience and commitment possessed by Alpha Morgan Capital, the Nigerian capital market is set to witness a positive revolution,” Mr Buraimo said further.
In 2016, Alpha Morgan Capital was announced as the best emerging investment banking institution by the Lagos Chamber of Commerce and Industry (LCCI).
Meanwhile, Alpha Morgan Capital has announced Mr George Imade as its Managing Director.
The appointee is an associate of Chartered Institute of Stockbrokers (CIS) and a registered capital market operator with SEC.
Before his appointment, Mr Imade was the Executive Director in charge of Investment Banking at Alpha Morgan Group.
more recommended stories
NSE: Dangote Cement Reclaims Spot as Most Capitalised Firm
By Dipo Olowookere Dangote Cement has.
Nothing Wrong with Buhari’s Food Import Directive – Emefiele
By Adedapo Adesanya Governor of the.
Police Rearrests Suspected Taraba Kidnap Kingpin Wadume in Kano
By Dipo Olowookere Operatives of the.
Okomu Oil to Further Boost Edo Economy, Create Jobs
By Adedapo Adesanya Okomu Oil Palm.
How We Plan to Raise N3.9bn Latest Q2’20–Consolidated Hallmark
By Adedapo Adesanya In line with.
Staco Assures Customers Prompt Payment of Genuine Claims
By Dipo Olowookere Customers of Staco.
FMDQ to Launch First Derivatives Product in Q1 2020
By Dipo Olowookere The Associate Executive.
Sovereign Trust Insurance Rights Issue Closes Wednesday
By Dipo Olowookere The rights issue.