The Central Bank of Nigeria (CBN) has on September 14, 2020 granted Greenwich Trust Limited a licence to operate as a Merchant Bank in the country.
The entity is now to be known as Greenwich Merchant Bank Limited. The licence allows the bank to upscale and offer such diverse services as corporate banking, investment banking, financial advisory services, securities dealing treasury, wealth and asset management, among others, making it possible to provide increased value to stakeholders beyond its previous scope.
With this new licence, Nigeria has six merchant banks operating in the country. Others include Coronation Merchant Bank Limited, FBN Merchant Bank, FSDH Merchant Bank Limited, NOVA Merchant Bank, and Rand Merchant Bank Nigeria Limited.
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
