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FBNQuest Securities Review
FBNQuest Securities was the brokerage arm of FBN Holdings' FBNQuest group. That whole group was sold in 2024 and renamed Quest Merchant Bank by 2026.
Min Deposit
N/A
Spreads From
Not applicable, current brokerage registration unconfirmed
Max Leverage
Not applicable, current brokerage registration unconfirmed
Platforms
N/A
Pros
- Traces back to a real, long running FBN Holdings merchant banking group
- The 2026 rename to Quest followed real Central Bank of Nigeria approval
- New owner EverQuest completed the deal openly, not through a quiet exit
- Quest Merchant Bank still shows an active SEC Nigeria registration today
Cons
- No longer connected to FBN Holdings or First Bank, despite the old name
- Could not confirm a current Broker/Dealer registration for Securities
- Public information on this specific brand's current status is limited
- Old FBNQuest branding online may confuse readers about who runs it now
FBNQuest Securities was part of FBNQuest, the merchant banking and asset management brand of FBN Holdings Plc, the parent of First Bank of Nigeria. FBNQuest covered five linked businesses, including Securities, Asset Management, Capital, Funds, and Trustees.
In 2024, FBN Holdings sold its full stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. By early 2026, regulators approved a full name change, and the bank now operates as Quest Merchant Bank Limited, no longer tied to FBN Holdings or First Bank.
Nigeria's SEC register lists Quest Merchant Bank Limited as a Corporate Investment Adviser, FMDQ Dealer, Issuing House, and Receiving Banker, file number 703. We could not find a separate current Broker/Dealer registration for the old Securities brand under its new owner, so confirm directly with Quest before assuming an old FBNQuest Securities account still works.
Max Leverage
Not applicable, current brokerage registration unconfirmed
Spreads From
Not applicable, current brokerage registration unconfirmed
Regulators
- SEC (Nigeria)
- NGX
- CBN
