Zedcrest Acquires RMB Nigeria Stockbrokers Ltd

Zedcrest, a Nigerian debt and equity capital markets investment firm, has acquired the Nigerian arm of RMB Stockbrokers for a figure between ₦400 million and ₦420 million(reportedly). The acquisition comes as Zedcrest looks to expand its services and give its clients access to Nigeria’s equity market. The acquisition will see RMB Nigeria Stockbroker Ltd rebrand as Zedcrest Securities.

“RMB Nigeria Stockbrokers’ expertise in stockbroking, when combined with our comprehensive financial solutions, will enable us to deliver even greater value to our clients,” Adedayo Amzat, the CEO of Zedcrest Group, said. “We are excited about the opportunities this acquisition presents and look forward to a promising future. We assure our clients that this transition will be seamless and that their interests remain our top priority,” Layi Olaleru, CEO of RMB Nigeria Stockbrokers, said.