The Central Bank of Nigeria (CBN) has granted Greenwich Trust Limited a licence to operate as a merchant bank in the country.
The license which was granted on 14 September, was disclosed in a statement by the financial institution on Thursday.
The entity is now to be known as Greenwich Merchant Bank Limited.
The licence will allow the bank to upscale and offer such diverse services as corporate banking, investment banking, financial advisory services, securities dealing treasury, wealth and asset management, among others, making it possible to provide increased value to stakeholders beyond its previous scope.
With this new licence, Nigeria has six merchant banks operating in the country. Others include Coronation Merchant Bank Limited, FBN Merchant Bank, FSDH Merchant Bank Limited, NOVA Merchant Bank, and Rand Merchant Bank Nigeria Limited.
About Greenwich Trust Limited
Greenwich Trust Limited is a an indigenous financial solutions provider duly registered with the Nigerian Securities & Exchange Commission (“SEC”) as, Issuing House/Financial Adviser. The firm was incorporated on the 25th of February 1992 and commenced business June 1994.
In its 25 years of business, the firm has evolved into an award-winning, competitive and thought market leader in the financial sub-sector of the Nigerian economy.
The firm has five subsidiaries operating in the financial services sector and two subsidiaries/associates operating in the non-financial sector. They include;
Greenwich Securities Limited;
Greenwich Asset Management Limited;
Greenwich Trustees Limited;
Greenwich Registrars and Data Solutions;
Greenwich Nominees Limited;
GTL Properties Limited;
Meyer Plc.
Written by;
Ifunanya Ikueze
