FBNQuest Merchant Bank Limited – Tech | Business | Economy

FBNQuest Changes Name to Quest Merchant Bank

Destiny Eseaga — Thu, 29 Jan 2026 13:43:43 +0000

FBNQuest Merchant Bank Limited has completed a change of name and will now operate as Quest Merchant Bank Limited, following the receipt of all required corporate and regulatory approvals.

The merchant bank was recently acquired.

The name change does not affect the Bank’s legal or going-concern status, management, or the nature of its business.

Quest Merchant Bank Limited remains a duly licensed merchant bank, regulated by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), and continues to deliver its full suite of merchant banking, advisory, and capital markets services to clients.

Commenting on the development, Afolabi Olorode, acting managing director/CEO, Quest Merchant Bank Limited, stated:

“This name change represents a pivotal milestone in the rich history of the Bank and a deliberate strategic repositioning that reflects our resilience, strong track record, and long-term growth ambitions. While our name has evolved, our commitment to our clients, stakeholders, and regulators remains unwavering.”

As part of the transition, the Bank is updating its branding, communications, and digital platforms to reflect the new name. During this period, some legacy references may remain visible across select touchpoints as updates are progressively completed.

All existing contracts, client relationships, and obligations of the Bank remain valid, binding, and fully enforceable following the name change.

FBN Holdings Divests 100% Stake in FBNQuest Merchant Bank to EverQuest Consortium

Techeconomy — Fri, 28 Nov 2025 19:16:44 +0000

Tier-one lender, First Bank of Nigeria (FBN) Holdings Plc, has announced the completion of the sale of its entire 100% equity interest in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP, a special-purpose vehicle owned by Custodian Investment Plc, Aion Capital, and Evercorp Industries Limited.

This was contained in a corporate disclosure filed with the Nigerian Exchange Group (NGX) on Friday, November 28, 2025.

The corporate communication was in accordance with the NGX Rulebook and the Securities and Exchange Commission (SEC) Acts.

According to a statement by the Group’s Secretary, Abiola Baruwa, the transaction has been finalised after obtaining all necessary regulatory approvals from the Central Bank of Nigeria (CBN).

The company’s share price closed at N31.05, shedding 0.2% for the day. The share price has appreciated by 10.7% this year, ranking it the 99th best-performing NGX stock on a Year-to-Date basis.

First HoldCo is the ninth most traded stock on the Nigerian Exchange group in the last three months, with a total volume of 1.2 billion shares traded in 23,128 deals, valued at N37.3 billion.

The firm has an equity capitalisation of N1.11 trillion, making it one of the most valued Banks in Nigeria and a member of the popular FUGAZ Group (First Bank, UBA, GT Bank, Access Bank, and Zenith Bank), the top leading Banks in Nigeria.