Chapel Hill Denham is ‘Nigeria’s Goldman Sachs’ — Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Monday joined industry stakeholders in celebrating the 20th anniversary of Chapel Hill Denham, one of the country’s foremost investment banking firms.
Speaking at the commemorative event held in Lagos, Edun praised the firm’s transformative impact on Nigeria’s financial sector over the last two decades, calling Chapel Hill Denham “Nigeria’s equivalent of Goldman Sachs” in recognition of its leadership, innovation, and talent development.
“For twenty years, Chapel Hill Denham has played a vital role in shaping our financial system — pioneering complex transactions, supporting capital market development, and building human capital that now serves across both public and private sectors,” the Minister said.
He emphasized the significance of the firm’s alumni, many of whom now hold leadership positions at institutions such as the Nigerian Exchange Group (NGX), the Africa Finance Corporation (AFC), and the Federal Ministry of Finance, noting the company’s long-standing contribution to national development.
On the broader economy, Edun stated that the federal government’s ongoing reform agenda is beginning to yield positive outcomes, highlighting improvements in foreign exchange liquidity, deregulated fuel pricing, and structural economic reforms as key drivers of private-sector-led growth.
“This administration has laid the groundwork for broad-based investment,” Edun said. “Nigeria is open for business, and we are committed to creating a transparent, merit-driven environment that rewards innovation and unlocks productivity.”
The Minister also credited Chapel Hill Denham for its role in major financial initiatives, including the domestic issuance of dollar-denominated bonds — an idea he attributed to the firm’s Chief Executive Officer, Mr. Bolaji Balogun.
In closing, Edun offered warm congratulations to the firm: “Chapel Hill Denham has set a standard of excellence in Nigeria’s investment banking sector. Congratulations to Mr. Balogun and the entire team on this milestone. May the firm continue to thrive for generations to come.”
