Paul Abiagam , Ag. MD/CEO Coronation Merchant Bank
Coronation Merchant Bank has expressed delight at its contributions to strengthening Nigeria’s financial ecosystem through key capital market transactions over the past year.
Paul Abiagam, Acting Managing Director, shared this excitement in the bank’s annual publication, released publicly on Sunday.
The News Agency of Nigeria (NAN) reports that the publication, titled ‘Art of the Deal’, highlights significant transactions between 2023 and 2024.
It outlines the bank’s involvement in equity raises, commercial paper issuance, and advisory services for mergers and acquisitions.
Abiagam said the bank’s efforts affirmed its role in offering strategic capital solutions to leading Nigerian companies.
“We are proud to release Art of the Deal, which shows our commitment to delivering world-class solutions that fuel growth and economic progress.
“Our capital market expertise helped us structure deals aligned with clients’ goals, while also strengthening Nigeria’s financial system.
“These milestone transactions reflect our capacity to match clients with capital that helps them scale and boosts market development,” he said.
Also, Taiwo Olatunji, Head of Investment Banking, said the bank leads innovation in Nigeria’s investment banking sector.
“Our understanding of global and local market trends enables us to craft tailored solutions that offer lasting value,” he stated.
He added that the bank remains focused on deepening Nigeria’s financial markets and promoting economic advancement.
“With a strong record of deal execution, we are committed to building a prosperous financial future for clients and Africa,” he said.
Olatunji noted that the bank secured four awards at the 7th Annual FMDQ Gold Awards.
These included Most Diverse Issuer on FMDQ and FMDQ Registration Member (Quotations) of the Year. Others were Most Active Securities Lodgement Sponsor and Largest Issuing House on FMDQ.
He added that the bank ranked 6th on the 2024 FMDQ Fixed Income Primary Markets Sponsors’ and Solicitors’ League Table.
Olatunji highlighted key deals such as N351.0 billion equity raise for Access Holdings Plc as Joint Lead Issuing House. Also mentioned was N350.5 billion raised for Zenith Bank Plc and N144.6 billion for FCMB Group Plc.
The bank arranged N232.6 billion in commercial paper for Dangote Cement Plc and N125.6 billion for Dangote Sugar Refinery Plc. It also structured N114.4 billion in commercial paper for MTN Nigeria Plc.
Additional deals include N30 billion for Coleman Technical Industries and N8.8 billion for Coronation Asset Management.
It also advised on the N2.821 trillion merger of Access ARM Pensions Ltd.
These transactions, Olatunji noted, enhanced capital access and business growth across banking, telecoms, manufacturing, and infrastructure sectors.
