Chapel Hill Denham named Nigeria's best securities house

Chapel Hill Denham has been named Nigeria’s best securities house this year by Euromoney.

The 2024 securities houses award went to Chapel Hill Denham as a result of its stellar performance across securities trading and investment banking.

Euromoney is one of the most recognised and reputed brands within banking and finance. It provides unique insights into the institutions and personalities that shape banking and drive global markets.

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“The firm maintained a steady flow of deals in its brokerage business. It was a stockbroker for a N26 billion ($16.3 million) AT1 bond sale by FCMB Group, a leading financial services group in Nigeria, which was only the second domestic currency AT1 deal in the country,” Euromoney said in recent note on the 2024 securities houses award.

It also noted that “in infrastructure financing, Chapel Hill Denham assisted with the listing of the Nigeria Infrastructure Debt Fund, in a deal valued at about N26.81 billion. The listing was a landmark as it not only reinforced the firm’s prominence in the infrastructure segment but also diversified the sector and industry groups on the Nigerian Exchange (NGX)”.

“Chapel Hill Denham was also active in M&A, with kudos deserved for handling the dissolution of GlaxoSmithKline Consumer Nigeria. The transaction involved returning capital to shareholders and delisting the company, a process fraught with complexity due to GSK’s long-standing presence in the country”, Euromoney stated further.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.