CFG Africa
CFG Africa is a Nigerian SEC-regulated financial services group offering wealth management, investment banking, global markets trading, and advisory services. It serves Muslim investors, HNW individuals, and corporates through three subsidiaries managing funds, brokerage, and trustee services.
- Company typePrivate
- Founded2020
- HeadquartersLagos, Nigeria
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What CFG Africa does
CFG Africa is a Nigerian financial services group headquartered in Lagos, formed through the convergence of Maynard Partners and Concreed Capital. Operating through three SEC-regulated subsidiaries — CFG Asset Management Limited, CFG Maynard Limited, and CFG Trustees Limited — the firm delivers four core service lines: wealth management, investment banking (corporate finance advisory and structuring), global markets (multi-asset trading and inter-dealer brokerage), and advisory (transaction, financial, and actuarial advisory). The company serves a hybrid client base including Muslim/Islamic investors seeking Sharia-compliant products, high-net-worth individuals and families, corporate clients (governments, established businesses, and emerging corporates), and institutional investors.
The firm's product surface spans SEC-registered mutual funds (notably the ₦1 Billion Ethical Fund launched in February 2026, deploying 70-85% into sovereign and subsovereign Sukuk), non-interest investments with rental yields of 10% (NGN) and 5% (USD), depository notes with up to 15% annualized returns, multi-currency tenured placements (NGN, GBP, Euro, USD), managed portfolios, and government securities. CFG Maynard provides trading and brokerage across commodities, equities, derivatives, currencies, bonds, treasury bills, and eurobonds. Advisory services encompass transaction advisory, financial advisory (M&A, valuation, financial modelling), and actuarial & research advisory. Distribution occurs through a proprietary client portal, direct relationship management, and national investor engagement tours in Lagos and Abuja.
Revenue is generated through three primary streams: recurring asset management fees (subscription-based), transactional advisory fees (project-based professional services), and brokerage/trading commissions (transaction-based). No proprietary technology platform or AI/ML capabilities are detailed. No funding rounds or external capital raises are disclosed. The firm is privately held with no parent company, and its primary operating geography is Nigeria (West Africa).
CFG Africa firmographics
Firmographics- Name
- CFG Africa
- Legal name
- CFG Africa
- Website
- https://cfgafrica.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- CFG Africa is a Nigerian SEC-regulated financial services group offering wealth management, investment banking, global markets trading, and advisory services. It serves Muslim investors, HNW individuals, and corporates through three subsidiaries managing funds, brokerage, and trustee services.
- Ownership category
- akta.pro rank
CFG Africa industry classification
Industry- Product category
- Investment Management & Wealth Advisory
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Outsourced Finance & CFO Services (BPAHABAE)
Keywords
Where CFG Africa is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices2 records
Markets served
CFG Africa business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Asset Management Fees: CFG Asset Management generates revenue through management fees on registered investment funds including the Ethical Fund, Naira Fixed Income Fund, and various other investment solutions. The business manages multi-asset portfolios for clients with varying risk profiles.
- Advisory Fees: Transaction advisory, financial advisory, and actuarial advisory services generate fees from corporate clients including governments, established businesses, and emerging corporates seeking advisory support for M&A, valuation, and strategic transactions.
- Brokerage and Trading Commissions: CFG Maynard operates as a broker-dealer in the Nigerian OTC space, generating commissions from multi-asset trading across equities, derivatives, currencies, commodities, and fixed income securities including government bonds and treasury bills.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Ethical Fund minimum investment |
| Other | Pay-as-you-go | Non-interest Investment Returns |
| Other | Pay-as-you-go | Depository Notes Returns |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
CFG Africa product offering
Product offeringCore offering
CFG Africa is a financial services group operating through SEC-regulated subsidiaries (CFG Asset Management, CFG Maynard, and CFG Trustees) to deliver wealth management, investment banking, global markets trading, and advisory services. The firm offers both conventional and Sharia-compliant investment products including ethical funds, halal permissible investments, fixed rate notes, commercial paper, depository notes, and managed portfolios, alongside multi-asset brokerage and structured transactions in the Nigerian OTC securities market.
Product overview
CFG Africa is a financial services group built on the convergence of Maynard Partners and Concreed Capital, operating through multiple SEC-regulated subsidiaries: CFG Asset Management (investment management and ethical funds including Halal Permissible Investment, Fixed Rate Notes, Commercial Paper, Non-interest Investments, Depository Notes, Tenured Placements, Managed Portfolios, and Government Securities Investments), CFG Maynard (multi-asset trading, inter-dealer brokerage, and structured transactions), and CFG Trustees. The group offers four core service lines: Wealth Management, Investment Banking, Global Markets, and Advisory (transaction, financial, and actuarial advisory). In February 2026, the firm launched its ₦1 Billion Ethical Fund, a Sharia-compliant unit trust. The company also publishes market reports and macroeconomic insights.
Differentiator
Problem solved
Functional benefit
Brands
- CFG AM Naira Fixed Income Fund: SEC-registered mutual fund currently valued at N1,192.07 per unit
- CFG AM Ethical Fund
- CFG Asset Management Dollar Fund
Products and services
- CFG Africa Ethical Fund (N1 Billion)
- Halal Permissible Investment
- Fixed Rate Note
- Commercial Paper
- Non-interest Investments
- Depository Notes
- Tenured Placements
- Government Securities Investments
- Managed Portfolios
- CFG AM Naira Fixed Income Fund
- CFG AM Dollar Fund
- Wealth Management
- Investment Banking
- Global Markets
- Transaction Advisory
- Financial Advisory
- Actuarial & Research Advisory
- Inter Dealer Brokerage
- Structured Transaction
Quantifiable outcome
- 735% oversubscription rate for recent Sukuk issuances demonstrates strong demand for ethical investment products in Nigeria
- +1 more outcomes
Companies that use CFG Africa
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
CFG Africa technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
CFG Africa partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Maynard PartnerscoreCFG Africa was built on the convergence of Maynard Partners and Concreed Capital, forming a unified umbrella organization. Maynard Partners brings multi-asset trading and brokerage expertise, contributing to CFG Maynard's operations in the Nigerian OTC space.
- Concreed CapitalcoreCFG Africa was built on the convergence of Maynard Partners and Concreed Capital, forming a unified umbrella organization. Concreed Capital contributed to the formation of the unified CFG Africa brand combining multi-asset expertise.
- AVA TrusteescoreAVA Trustees serves as the appointed trustee for CFG Africa's Ethical Fund, providing fiduciary oversight, regulatory compliance supervision, and investor protection mechanisms for the Sharia-compliant investment vehicle.
- Rand Merchant BankcoreRand Merchant Bank serves as a backer and custodian for the Ethical Fund, contributing to fund administration, asset servicing, and operational support for the Sharia-compliant investment product.
- One17 CapitalminorOne17 Capital participates as a backer for the Ethical Fund, contributing capital and operational support to the Sharia-compliant investment vehicle launched by CFG Africa.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
CFG Africa competitors and assessment
Company assessmentDirect peers
- Meristem Securities: Nigerian brokerage, asset management, and wealth advisory firm with retail and institutional focus. Highly comparable to CFG Maynard (brokerage) and CFG Asset Management (fund management) on customer base and product mix.
- Asset & Resource Management (ARM): One of Nigeria's largest independent asset management and wealth advisory firms, offering mutual funds, discretionary portfolios, and HNW wealth services. Directly comparable to CFG Asset Management on target customers (retail and institutional Nigerian investors) and product type (SEC-registered funds).
- CardinalStone Partners: Nigerian investment management and advisory firm offering mutual funds, HNW wealth, and corporate finance. Closely comparable in business mix and target market to CFG Africa's wealth management and advisory lines.
- Afrinvest (West Africa) Limited: Nigerian investment banking, securities trading, and asset management firm serving retail, HNW, and institutional clients. Closely comparable to CFG Africa across wealth management, advisory, and brokerage lines.
- Vetiva Capital Management: Nigerian asset management, brokerage, and investment banking firm with mutual funds and HNW offerings. Comparable across CFG Africa's full multi-line platform, though with a more conventional product set.
- Chapel Hill Denham: Nigerian investment banking and asset management firm specializing in fixed income, equities, and advisory. Directly comparable to CFG Africa in advisory and global markets offerings for institutional and HNW clients.
Broad incumbents
- FBNQuest Merchant Bank: Merchant banking and asset management subsidiary of FBN Holdings; offers investment banking, asset management, and securities services. Comparable across multiple CFG Africa service lines at larger scale.
- United Capital Plc: Nigerian financial services group providing investment banking, asset management, securities trading, and trusteeship. Overlaps materially with CFG Africa across wealth, IB, global markets, and trustees.
- Stanbic IBTC Asset Management: Asset management arm of a major Nigerian banking group; offers mutual funds, pensions, and wealth management. Larger, more diversified incumbent serving the same Nigerian retail/institutional segments as CFG Africa with broader product depth.
- Coronation Merchant Bank: Nigerian merchant bank offering asset management, investment banking, securities trading, and trustee services — a direct multi-line analogue to CFG Africa's integrated platform, but at significantly larger scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
CFG Africa social profiles
Digital presenceCFG Africa financial estimates
Financial estimateRevenue estimate
Valuation estimate
CFG Africa leadership team
Management profileNumber of profiles
CFG Africa subsidiaries and ownership
Company hierarchySubsidiaries4 records
CFG Africa funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CFG Africa M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CFG Africa
What does CFG Africa do?
CFG Africa is a financial services group operating through SEC-regulated subsidiaries (CFG Asset Management, CFG Maynard, and CFG Trustees) to deliver wealth management, investment banking, global markets trading, and advisory services. The firm offers both conventional and Sharia-compliant investment products including ethical funds, halal permissible investments, fixed rate notes, commercial paper, depository notes, and managed portfolios, alongside multi-asset brokerage and structured transactions in the Nigerian OTC securities market.
Is CFG Africa a public or private company?
CFG Africa is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CFG Africa founded?
CFG Africa was founded in 2020. It employs 51 to 100 people.
Where is CFG Africa based?
CFG Africa is headquartered in Lagos, Nigeria, in the Africa region.
How does CFG Africa make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are advisory Fees and brokerage and Trading Commissions.
Who are CFG Africa's main competitors?
Direct peers on record are Meristem Securities, Asset & Resource Management (ARM), CardinalStone Partners, Afrinvest (West Africa) Limited, Vetiva Capital Management and Chapel Hill Denham. Broad incumbents are FBNQuest Merchant Bank, United Capital Plc, Stanbic IBTC Asset Management and Coronation Merchant Bank.
Does CFG Africa have an API?
No public API is recorded for CFG Africa.
What industry is CFG Africa in?
CFG Africa's product category is Investment Management & Wealth Advisory. Its primary akta.pro industry code is BPAHABAE, Outsourced Finance & CFO Services. Its NAICS code is 523940 and its SIC code is 6199.