Description: Nigeria has huge Merchant banking opportunities - Phillips Oduoza Merchant Banks are coming back into Nigeria's financial sector says Phillips Oduoza, Chairman
video (50872) headlines (21498) world news (21468) worldnews (20541) sign up and share your playlists (20518) videos and editable pages for news (20515) wn archive (20234) wn network (20225) africa merchant bank (1) africa merchant bank breaking news (1)
A merchant bank is a financial institution providing capital to companies in the form of share ownership instead of loans. A merchant bank also provides advisory on corporate matters to the firms in which they invest. In the United Kingdom, the historical term "merchant bank" refers to an investment bank .
Today, according to the U.S. Federal Deposit Insurance Corporation (FDIC), "the term merchant banking is generally understood to mean negotiated private equity investment by financial institutions in the unregistered securities of either privately or publicly held companies." Both commercial banks and investment banks may engage in merchant banking activities. Historically, merchant banks' original purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few b
Merchant banks are in fact the original modern banks. These were invented in the Middle Ages by Italian grain merchants. As the Lombardy merchants and bankers grew in stature based on the strength of the Lombard plains cereal crops, many displaced Jews fleeing Spanish persecution were attracted to the trade. They brought with them ancient practices from the Middle and Far East silk routes . Originally intended for the finance of long trading journeys, these methods were applied to finance the production and