Quest Merchant Bank Meets CBN’s N50billion Naira Capital Base requirements.
Quest Merchant Bank Limited has successfully fulfilled the ₦50 billion minimum capital requirement mandated by the Central Bank of Nigeria (CBN) for merchant banks.
In an official statement released on Thursday, the merchant lender said this achievement strengthens the bank’s capital base and enhances its ability to support Nigeria’s economic transformation.
Quest also said this milestone reflects investors’ continued confidence in its long-term strategy, strong governance, and a sustainable growth outlook.
The new capital represents a significant step in the bank’s evolution following its recent ownership transition, positioning Quest Merchant Bank with the financial strength necessary for its next phase of growth.
With a considerably enhanced capital base, Quest Merchant Bank is now in a better position to underwrite larger transactions and expand its advisory, capital markets, and structured financing capabilities across key sectors of the Nigerian economy.
The CBN’s recapitalisation directive establishes a minimum capital threshold of ₦50 billion for merchant banks, aimed at reinforcing the resilience, stability, and lending capacity of Nigeria’s financial system.
By meeting this benchmark, Quest Merchant Bank solidifies its reputation as a trusted financial partner in infrastructure, energy, manufacturing, and corporate growth initiatives nationwide.
Afolabi Olorode, Acting Managing Director and Chief Executive Officer of Quest Merchant Bank, described this achievement as a defining moment in the bank’s journey.
He stated, “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 brand.
“With this strengthened capital position, we are equipped to play an even greater role in financing crucial sectors of the Nigerian economy, enabling private enterprises, and supporting sustainable economic expansion.
“Our focus remains clear: we will continue to help our clients succeed while serving as a trusted long-term partner in delivering sustainable growth.”
Quest Merchant Bank reiterated its commitment to responsible growth, innovation, and providing strategic financial solutions that empower businesses and institutions throughout Nigeria.
