• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Financial Services

Coronation Group obtains Capital Market Holding Company license from SEC

Chris Ugwu by Chris Ugwu
June 22, 2023
in Financial Services, Sectors
Coronation Group obtains Capital Market Holding Company license from SEC
Share on FacebookShare on TwitterShare on Linkedin
  • Coronation Group Limited has obtained a Capital Market Holding Company (CMHC) license from the Securities and Exchange Commission (SEC).
  • The company’s mission is to democratize access to wealth creation for Africans, harnessing the power of ecosystems.
  • Coronation Group expects to deploy $500 million of capital in the business by 2033.

Coronation Group Limited has obtained a Capital Market Holding Company (CMHC) license from the Securities and Exchange Commission (SEC).

This is contained in the company’s press statement made available to Nairametrics.

According to the statement, the regulatory recognition represents a significant milestone in the Group’s mission to democratize access to wealth creation for Africans, harnessing the power of ecosystems.

RelatedStories

NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties 

NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties 

June 15, 2025
SEC warns Nigerians against investing in Risevest and Stecs  

SEC issues fresh warning as CBEX resumes operations in Nigeria two months after crash 

June 11, 2025
  • “Coronation Group Limited subsidiary companies include Coronation Capital Limited, Coronation Asset Management Limited, Coronation Securities Limited, Coronation Trustees Limited, Coronation Registrars Limited, Coronation Technology Limited, and Trium Limited. 
  • The Group is also affiliated with companies such as Coronation Insurance Plc., Coronation Life Assurance Limited, Coronation Insurance Ghana Limited, and Coronation Merchant Bank Limited. Coronation Group maintains strategic investments in leading players in the technology and energy sectors.
  • The Group Managing Director and Chief Executive Officer Wole Onasanya will oversee the strategic priorities of Coronation’s ecosystem. 
  • These priorities include building digital platforms, establishing strategic partnerships for exponential growth, and maximizing shareholder returns,” the statement said. 

Democratizing access to investment

Aigboje Aig-Imoukhuede, Chairman of Coronation Group said:

  • “This transition marks our first five years of orchestrating the Coronation Group ecosystem. 
  • We established Coronation with the objective of democratizing access to investment, lending, and insurance, empowering individuals to achieve financial independence and build enduring legacies. 
  • We are excited about the future and our role as a key driver of growth in Africa.” 

Wole Onasanya, MD/CEO of Coronation Group stated:

  • “Our primary objective is to make wealth creation accessible to all Africans. 
  • Coronation Group is well positioned to offer integrated financial services backed by exceptional talent, all accessible through cutting-edge technology platforms. 
  • We are dedicated to being trusted partners on our clients’ journeys to prosperity, helping them achieve outcomes that go beyond financial returns.” 

Highlighting the benefits Coronation Group delivers to its clients, Aig-Imoukhuede during a Closing Bell Ceremony hosted in honour of his investiture as an Honorary Fellow of the Chartered Institute of Stockbrokers on Wednesday further added:

  • “Our culture of innovation and excellence drives us to deliver world-class experiences to our clients. By delivering transformational solutions at scale, we are strategically positioned to address several of Africa’s unique challenges.” 

Expects to deploy $500 million of capital by 2033:

Pai Gamde, Chief Talent Officer of Coronation Group, affirmed the company’s commitment to strong corporate governance practices, fostering transparency, and ensuring accountability in its operations.

  • “We are pleased to have reached this important milestone, and we remain fully committed to our responsibilities as a regulated holding company.”
  • This notable achievement builds upon Coronation’s journey culminating in the acquisition of a CMHC license. 
  • With $200 million of its capital, Coronation Group stands among prominent privately-owned players on the continent. 

The company expects to deploy $500 million of its capital in the business by 2033”. 


Follow us for Breaking News and Market Intelligence.
Tags: CMHCCoronation Group LimitedSECWole Onasanya
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Related Posts

NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties 
Corporate Updates

NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties 

June 15, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Business News

SEC issues fresh warning as CBEX resumes operations in Nigeria two months after crash 

June 11, 2025
Dr. Emomotimi Agama, SEC
Business News

SEC DG Dr. Emomotimi Agama to deliver keynote at Nairametrics Capital Market Awards 

May 21, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Dividends

Shareholders demand SEC action to streamline unclaimed dividend process in Nigerian banks 

May 12, 2025
Why do Nigerians fall for Ponzi schemes every time?
Op-Eds

CBEX wealth chasers, NDIC, and the fate of depositors by Reuben Abati

April 29, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Legal & Regulations

SEC issues fresh warning against Ponzi schemes, urges Nigerians to report illegal crypto investment platforms 

April 24, 2025
Next Post
Johnvents Group partners with Lagos Rice Company, reiterates commitment to the development of commodity exchange in Nigeria 

Johnvents Group partners with Lagos Rice Company, reiterates commitment to the development of commodity exchange in Nigeria 

Comments 1

  1. Adejoh Abalaka Abubakar says:
    June 22, 2023 at 3:19 pm

    This is another good development. Africans are blessed if we can tap into our potential and form a genuine unity.
    We are ready to invest in it if listed on the stocks.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY 
  • Sterling reports N18.2 billion profit in Q1 2025 as loan income soars; declares dividend 
  • How Antly is powering the next wave of enterprise efficiency in Nigeria — without writing a single line of code 

Follow us on social media:

Recent News

InfraCredit’s guarantee supports affordable housing project with modern shelter’s debt transaction funded by Shelter Afrique Development Bank     

InfraCredit reports N1.8 billion profit in the first Q1 2025, down 95% YoY 

June 20, 2025
Sterling Bank concludes core application migration, leads the way for African Banking

Sterling reports N18.2 billion profit in Q1 2025 as loan income soars; declares dividend 

June 20, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics