Business Day (Nigeria)

RMB wins Merchant Bank of the Year Award, two others

- By Folake Balogun

RAND Merchant Bank Nigeria Limited (RMBN) has won the Businessda­y Merchant Bank of the Year award for the fifth consecutiv­e year, Debt Capital Markets Bank of the Year award for the fourth consecutiv­e year, and Corporate Finance Advisor of the Year for the second consecutiv­e year at the Banks & Other Financial Institutio­ns Awards (BAFI).

The BAFI Awards are regarded as the industry standard for banks and other financial services excellence in Nigeria.

Reflecting on the awards, Dalu Ajene, CEO of Rand Merchant Bank Nigeria Limited commented, “awards are always important markers for assessing the impact of delivering on strategy, supporting our clients, and creating sustainabl­e value for our stakeholde­rs. We are tremendous­ly honored to be the leading Merchant Bank in the Nigerian financial industry. The awards are a testament to the excellent service and innovative solutions we deliver to our trusted clients.”

he noted that the recent awards mark a continuati­on of RMBN’S stellar track record in the industry.“rmb Nigeria was recently recognized at the Associatio­n of Issuing houses of Nigeria Awards (AIHN) ceremony within the M&A category as the Best M & A house and M & A Deal of the Year.”

“We won the M&A Deal of the Year 2021 for Dolidol’s 100 percent acquisitio­n of Mouka Limited. In addition to the M & A Deal of the Year, RMB Nigeria won the award for Best M&A house. I am particular­ly proud of the team we have at RMB Nigeria that always demonstrat­es differenti­ated solutionis­t thinking and deep care in all engagement­s with our clients. We are proud of our successes, and we will continue to strive to be a committed partner to our clients and the industry at large,” Ajene stated.

Frank Aigbogun, publisher and CEO of Businessda­y said, “these nomination­s are a testament to RMBN’S investment banking strategy, robust balance sheet, global distributi­on network, ability to attract the right talent, and staying on top of its game through changing economic cycles.”

Chidi Iwuchukwu, head of investment banking Africa regions, Rand Merchant Bank, commented, “we are honored by Business Day’s continued acknowledg­ment of the strides we are taking in the financial services industry. We take our commitment to remain a longterm partner and trusted adviser to our clients and stakeholde­rs very seriously and look to live this in all our engagement­s.”

RMB Nigeria has over 15 years of transactio­nal experience in Nigeria ranging from advisory roles on infrastruc­ture projects, execution of key M & A mandates, and provision of innovative and bespoke funding solutions for transactio­ns across a range of sectors.

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