SCM Capital Limited

scm capital limited, formerly known as sterling capital markets limited commenced operations in january, 2006 having being registered by the securities and exchange commission to o carry on business of: issuing house and fund/portfolio managers. the company’s root as a premier investment bank in nigeria dates back over 50 years as nal merchant bank limited before it was packaged as a re-branding of the capital market competencies of the constituent banks that made up the sterling bank group. subsequent to the central bank directive that repealed the universal banking model in the country and prevented banks from owning subsidiaries, sterling bank group divested its holding from the company through a management buy out (“mbo”) structure to broadway investment partners ltd. the company`s name was consequently changed to scm capital limited to reflect the new ownership. given our antecedent in the capital market experience, about 50% of the companies quoted on the nigerian stock exchang