Stanbic IBTC recently celebrated 30 years of providing custody services in Nigeria with a Closing Gong ceremony at The Nigerian Exchange Limited (NGX).

 

The milestone reflects the institution’s longstanding contribution to investor confidence and the continued development of Nigeria’s capital market.

 

In his opening remarks,  Chief Executive Officer, NGX,  Jude Chiemeka, commended Stanbic IBTC’s three decades of custody services,  while highlighting its continued investment in technology, which, he said, had enabled over 2.6 million active retail investors trade on the platform.

 

“Technology continues to be at the heart of our strategy,” Chiemeka said; noting that a vibrant and secure marketplace remains essential to investor participation.

 

He also recognised Stanbic IBTC’s role in strengthening investor confidence and enhancing market safety.

 

While expressing the organisation’s gratitude to NGX for its continued partnership, Chief Executive, Stanbic IBTC Bank, Wole Adeniyi, stated that the occasion provided the opportunity to celebrate the organisation’s journey and the remarkable progress made by the NGX.

 

He noted that the collaboration between the two institutions has continued to drive innovation, product development and thought leadership across the industry.

 

“We are dedicated to raising standards within the industry as part of Standard Bank Group. Our focus remains driving the growth and development of Nigeria’s capital market. Indeed, Nigeria is our home and we drive her growth. ” he added.

 

Babatunde Majiyagbe, Chief Executive, Stanbic IBTC Nominees, reflected on the evolution of the business from the era of physical share certificates stored in fireproof vaults to today’s fully de-materialised market, where securities are held electronically.