The Central Bank of Nigeria (CBN) has granted Greenwich Trust Limited a licence to operate as a merchant bank in the country.
This was disclosed in a statement by the financial institution yesterday.
The entity is now to be known as Greenwich Merchant Bank Limited.
According to the company, the license allows Greenwich Merchant Bank to upscale and offer diverse services such 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.
According to the CBN, as of the end of 2019, there were five merchant banks in the country.