Scm Capital

What Scm Capital does

SCM Capital Limited is a privately held Nigerian investment banking firm headquartered at the NGX Nigerian Group Exchange House in Lagos, with a regional office in Abuja. The company traces its lineage over 50 years to NAL Merchant Bank Limited and was re-established as Sterling Capital Markets Limited in 2006, when it was divested by Sterling Bank Group to Broadway Investment Partners Ltd via a Management Buy-Out and rebranded. SCM Capital is registered with the Securities and Exchange Commission as an Issuing House and, through its wholly-owned subsidiary SCM Capital Asset Management Limited, as a Fund/Portfolio Manager.

The firm operates four core service lines: Capital Issues (public offerings, rights issues, private placements, commercial paper), Financial Advisory (company floatation, valuation, corporate restructuring, M&A), Structured Finance (trade finance, contract finance, asset financing, bridge finance), and Asset Management. It serves corporate issuers, sub-national governments (six named state clients), and financial institutions, with claimed participation in over ₦400bn of capital market transactions over the last five years and imprint on approximately 50% of NSE-listed companies. Revenue is generated through transaction fees (issuance, underwriting, placement), advisory fees, recurring asset management fees (including an 18% Money Market Fund yield), and structured finance arrangement fees, with no public pricing disclosure.

The company is sales-led and relationship-driven, distributing through enterprise field sales, phone-based advisory, and a digital Clients Portal (Zanibal-powered) for existing clients. It maintains active marketing channels including daily market reports, social media presence, and newsletter distribution. Senior leadership includes Mallam Garba Imam (Chairman), Gaventa Otono (GMD/CEO), Alhassan Gwarzo (ED/COO), Nwamara Nnaji (CRO), Ademola Tiamiyu (CFO), and Omololu Ajediran (MD, Asset Management). No AI/ML capabilities, external funding, or disclosed financial performance are evidenced in the input data.

Name

Scm Capital

Legal name

SCM Capital Limited

Website

https://scmcapitalng.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

SCM Capital is a Lagos-based, SEC-registered Nigerian investment bank offering capital raising, financial advisory, structured finance, and asset management to corporates, sub-national governments, and financial institutions across Nigeria.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940), Commercial Banking (522110)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Loan Brokers (6163)

akta.pro primary industry

Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG)

akta.pro secondary industries

Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Corporate Finance & Capital Advisory (BPAHADAB), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)

Keywords

• Investment banking services
• Capital market advisory
• Corporate financial advisory
• Structured trade finance
• Asset management funds

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Capital Issues / Issuing House Services: As a registered Issuing House with the Securities and Exchange Commission, SCM Capital structures and raises long-term capital for clients through equity and debt instruments from the capital market. Revenue generated through issuance fees, underwriting fees, and placement fees.
2. Financial Advisory: Bespoke financial and business advisory services provided to sub-nationals and corporates. Revenue generated through advisory fees for services including company floatation, valuation, corporate restructuring, and M&A.
3. Asset Management: Through their subsidiary SCM Capital Asset Management Limited, they manage funds and portfolios for clients, generating management fees and performance fees.
4. Structured Finance: Structured finance solutions including Structured Trade Finance, Contract Finance, Asset Financing, and Bridge Finance. Revenue through arrangement fees and interest on financing.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

SCM Capital is a full-service Nigerian investment banking firm that structures and raises long-term capital for corporates and sub-national governments through equity and debt instruments (public offers, rights issues, private placements, commercial paper). It also delivers bespoke financial advisory (company floatation, valuation, restructuring, M&A), structured finance solutions (trade, contract, asset, and bridge finance), and asset management services through its SEC-licensed subsidiary SCM Capital Asset Management Limited.

Product overview

SCM Capital Limited operates as a full-service investment banking platform offering a comprehensive suite of financial services. The company provides four core service lines: Capital Issues (structured capital raising through public offers, rights issues, private placements, and commercial paper), Financial Advisory (company floatation, valuations, restructuring, and M&A), Structured Finance (trade finance, contract finance, asset financing, and bridge facilities), and Asset Management through its SCM Capital Asset Management subsidiary. The company also provides Research services covering global and local markets. The firm is registered with Nigeria's Securities and Exchange Commission as an Issuing House and Fund/Portfolio Manager, with roots dating back to NAL Merchant Bank Limited over 50 years ago.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital Issues Investment banking service that structures and raises long-term capital for clients through equity and debt instruments from the Nigerian capital market, including public offerings, rights issues, private placements, and commercial paper.
• Financial Advisory Bespoke financial and business advisory services for sub-national governments and corporates covering company floatation, valuation, corporate restructuring, and merger & acquisition advisory.
• Structured Finance Monetizes assets and cash flows through recourse and non-recourse financing structures including structured trade finance, contract finance, asset financing, bridge finance, and short-term equity-backed facilities.
• Asset Management Full-service asset management provided through SCM Capital Asset Management Limited, licensed by the Securities & Exchange Commission as a Fund/Portfolio Manager, including a Money Market Fund with stated 18% yield.
• Research Research covering global and local markets including financial markets, policies, political environment, money market, forex, inflation, capital markets, commodities, energy, real sectors and infrastructure.
• Public Offer Capital raising through public offerings, providing tailored solutions to maximize company potential with expert guidance through structuring and execution.
• Rights Issue Service helping companies strengthen financial position by providing existing shareholders the opportunity to participate in company growth through rights offerings.
• Private Placement Discreet and targeted capital raising leveraging SCM Capital's network of institutional investors and high-net-worth individuals.
• Commercial Paper Short-term financing solutions providing flexible and cost-effective funding options for working capital needs.
• Company Floatation Guides clients through the transformative journey of going public, from feasibility assessments to regulatory engagement and investor networking.
• Corporate Restructuring Optimizes corporate structure, streamlines operations, and enhances efficiency through divestitures, spin-offs, or debt restructuring.
• Merger & Acquisition Comprehensive M&A support from target identification and due diligence to negotiation and transaction execution for strategic expansion.
• Company Valuation Accurate company valuations using robust methodologies for investments, mergers, acquisitions, and strategic planning decisions.
• Structured Trade Finance (STF) Trade finance solutions providing tools and expertise for complex transactions, including customized financing, risk management, and supply chain solutions.
• Contract Finance Working capital solutions for businesses to fulfill contractual obligations, bridging cash flow gaps for long-term projects and service agreements.
• Asset Financing Funding secured by leveraging existing assets such as equipment, machinery, or real estate to optimize balance sheets and enhance liquidity.
• Bridge Finance Short-term financing options bridging gaps during transitions such as acquisitions, divestitures, or capital raising.
• Short Term Equity Backed Facilities Swift access to capital for urgent financial needs using equity as collateral to seize time-sensitive opportunities.
• Lender Negotiation & Recapitalizations Expert guidance through financial distress situations, specializing in lender negotiation and recapitalizations to preserve the business.
• Clients Portal (Investment Platform) Online portal enabling clients to manage investments and access investment services, including My Investment and Invest Now features, for SCM Capital Asset Management Limited.

Quantifiable outcome

• Over 17 years of operation with track record spanning 50+ years of capital market experience
• +3 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• PPLminorStrategic or Co-development PartnerPPL (likely a legal/consulting partner) shown in partner section on About Us page.
• Parthian PartnersminorOthersFinancial services firm shown as partner/client logo on website.
• Planet CapitalminorOthersInvestment firm shown as partner/client logo on website.
• Prime ArmsminorOthersShown as partner/client logo on website.
• Mutual BenefitminorOthersInsurance company shown as partner/client logo on website.
• Continental ReinsuranceminorOthersReinsurance company shown as partner/client logo on website.
• NG PrestiminorOthersFinancial services firm shown as partner/client logo on website.
• Sterling Financial Holdings CompanycoreOthersSCM Capital is managing the Sterling Financial Holdings Company Public Offer for 12,581,000,000 shares at ₦7.00 per share. This represents a key client engagement.
• NGX (Nigerian Exchange Group)coreStrategic or Co-development PartnerLocated at the NGX Nigerian Group Exchange House in Lagos, indicating a strategic co-location and operational partnership with the Nigerian Exchange.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• Cardinalstone Capital: Nigerian investment banking and wealth management firm offering capital raising, M&A advisory, and asset management. Directly comparable to SCM Capital across the same Issuing House, advisory, and asset management product set serving Nigerian corporates and state governments.
• Chapel Hill Denham: Leading Nigerian investment banking firm providing capital markets execution, M&A advisory, and asset management. Closely comparable in scale, SEC registration, and concentration on Nigerian IPOs, rights issues, and recapitalization mandates.
• Cordros Capital: Nigerian financial services group with investment banking, securities brokerage, asset management, and research divisions. Directly comparable SEC-registered platform competing for the same Nigerian capital markets mandates.
• FBNQuest Capital: Investment banking and asset management arm of FBN Holdings in Nigeria, providing capital raising, M&A advisory, and equity research. Competes head-to-head with SCM Capital on Nigerian IPOs and corporate finance mandates.
• Stanbic IBTC Capital: Nigerian capital markets and investment banking arm of Standard Bank Group, providing equity and debt issuance, M&A advisory, and trading services. Directly comparable in its SEC-registered offering across issuance and corporate finance.
• Vetiva Capital Management: Nigerian investment banking and asset management firm offering securities trading, capital raising, and advisory services. Comparable as a SEC-registered full-service platform targeting Nigerian corporates and institutions.
• United Capital: Nigerian financial services group providing investment banking, securities trading, asset management, and trusteeship services. Comparable across capital markets issuance, advisory, and asset management product lines serving Nigerian corporates and governments.
• Afrinvest (West Africa): Nigerian investment banking and asset management firm offering securities brokerage, issuing house, and advisory services. Directly comparable SEC-registered intermediary competing for Nigerian capital raising mandates.
• ARM Investment Managers: Nigerian asset management and investment banking firm providing fund management, pension advisory, and capital markets services. Comparable in the asset management subsidiary function of SCM Capital Asset Management Limited and in Nigerian capital markets execution.
• Quantum Zenith Capital: Nigerian investment banking and securities firm providing issuing house, financial advisory, and brokerage services. Comparable as a domestic SEC-registered intermediary focused on Nigerian IPOs and corporate finance.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/scmcapitalng
• Facebookfacebook.com/scmcapitalng
• LinkedInlinkedin.com/in/scmcapital
• Instagraminstagram.com/scmcapitalng
• TikToktiktok.com/@scmcapitalng

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scm Capital