Serrari Group

Zedcrest, a prominent player in Nigeria’s debt and equity capital markets, has completed the acquisition of RMB Nigeria Stockbrokers in a transaction valued between ₦400 million and ₦420 million. This strategic move marks a significant expansion for Zedcrest within Nigeria’s burgeoning equity market.

The acquisition comes amidst robust growth in Nigeria’s equity market, which recorded a remarkable 45% increase last year, surpassing previous years despite economic challenges such as inflation and exchange rate volatility. This growth has been supported by favorable government policies and strong corporate performances.

Adedayo Amzat, CEO of Zedcrest Group, emphasized the strategic synergy of the acquisition, combining RMB Nigeria Stockbrokers’ expertise in stockbroking with Zedcrest’s comprehensive financial solutions to enhance client value. As part of the integration process, RMB Nigeria Stockbrokers will now operate under the brand name Zedcrest Securities, reflecting the unified approach of the combined entity.

While early 2024 saw foreign investment outflows from Nigeria’s market due to macroeconomic pressures, domestic investor confidence has remained resilient, supporting the positive momentum of Nigeria’s equity market.

Layi Olaleru, CEO of RMB Nigeria Stockbrokers, reassured clients of a smooth transition and continued focus on their interests throughout and after the integration phase. This acquisition not only strengthens Zedcrest’s market position but also reshapes the competitive landscape of Nigeria’s stockbroking industry.

Industry observers anticipate further market dynamics and potential consolidation among financial service providers as Zedcrest consolidates its operations.

This development underscores the dynamic nature of Nigeria’s financial markets, highlighting the strategic role of partnerships and acquisitions in navigating economic challenges and driving sustainable growth.

photo source: Google

By: Montel Kamau

Serrari Financial Analyst

8th July, 2024

Share this article:
Article and News Disclaimer

The information provided on is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website., reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023