Custodian Investment Hits N1 Trillion Asset Milestone Following Strategic Acquisition of Quest Merchant Bank

Custodian Investment Plc reports 155% asset growth and N77 billion pre-tax profit following the strategic acquisition of Quest Merchant Bank.

By: AXL Media

Published: Apr 7, 2026, 3:34 AM EDT

Source: Information for this report was sourced from The Nation

Aggressive Diversification Strategy Drives Historic Asset Growth

Custodian Investment Plc has officially entered the league of financial institutions with a balance sheet exceeding N1 trillion, following a year of rapid expansion and diversification. Audited reports for the period ending December 31, 2025, reveal a 155 percent increase in total assets, which climbed from N416 billion in 2024 to the current milestone. This growth is largely credited to the group's entry into new high growth financial segments and a 53 percent rise in total equity funds, which reached N199 billion by the end of the fiscal year.

Revenue Performance Reflects Resilient Core Business Units

The group's financial indicators show robust health across its diverse portfolio, with gross revenue jumping 48 percent to reach N225 billion. Profit before tax grew by 24 percent, moving from N62 billion in the previous year to N77 billion in 2025. After accounting for taxes, the net profit also saw a 24 percent increase, totaling N68 billion. According to the financial report, this translated to a notable rise in earnings per share, which improved from N8.89 in 2024 to N11.19 in 2025.

Core Insurance Sector Sustains Upward Trajectory

Insurance remains a primary pillar of the group’s success, with service revenue in this segment rising from N96 billion to N141 billion. Group Managing Director Wole Oshin attributed this performance to enhanced underwriting techniques and the expansion of the group's distribution networks. The insurance division’s ability to maintain strong margins despite a complex economic environment provided the necessary stability for the group to pursue more aggressive investment goals in other financial sub sectors.