Economy
FBN Holdings, GTCO, Sterling Bank Contribute 45.85% to Weekly Turnover

By Dipo Olowookere
The trio of FBN Holdings, GTCO and Sterling Bank contributed 45.85 per cent and 30.63 per cent to the total trading volume and value of shares transacted on the floor of the Nigerian Exchange (NGX) Limited last week.
In the week, the three companies traded 638.3 million shares worth N8.5 billion in 4,116 deals.
According to data from the exchange, investors exchanged 1.4 billion shares worth N27.9 billion in 19,990 deals in the five-day trading week in contrast to the 1.5 billion shares worth N20.9 billion transacted in 20,410 deals a week earlier.
A breakdown showed that financial stocks topped the activity chart with 1.1 billion units valued at N11.6 billion in 11,612 deals, accounting for 77.72 per cent and 41.52 per cent of the total trading volume and value respectively, followed by consumer goods shares with 105.8 million units worth N11.8 billion in 2,657 deals, and conglomerates equities with 56.1 million units worth N73.7 million in 575 deals.
Business Post reports that the market was depressed last week as the All-Share Index and market capitalisation depreciated by 0.12 per cent to close the week at 43,199.27 points and N22.554 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX-main board and sovereign bond indices, which appreciated by 0.41 per cent and 1.40 per cent respectively, while the ASeM and growth indices closed flat.
A total of 15 stocks appreciated in price during the week, lower than 27 stocks in the previous week, while 49 stocks depreciated in price, higher than 36 stocks of the preceding week, with 92 stocks closing flat, lower than the 93 stocks of the earlier week.
Cutix was the biggest price loser as it shed 42.68 per cent to close at N3.21, followed by NGX Group, which lost 11.88 per cent to trade at N15.95.
Total Energies declined by 9.97 per cent to N216.80, Neimeth fell by 9.09 per cent to N1.80, while Eterna depreciated by 9.03 per cent to N6.65.
However, the highest price gainer for the week was Vitafoam as its value rose by 17.11 per cent, followed by eTranzact, which gained 10.00 per cent to finish at N2.09.
Prestige Assurance appreciated by 9.30 per cent to 47 kobo, Academy Press improved by 9.09 per cent to 36 kobo, while Cornerstone Insurance chalked up 7.69 per cent to sell for 56 kobo.
Economy
Oba Otudeko’s Barbican Capital Sells Off N195.7bn First HoldCo Shares

By Dipo Olowookere
Barbican Capital Limited, a financial services firm established by Honeywell Group, owned by a Nigerian businessman, Mr Oba Otudeko, has sold off its stake in First Holding Company (First HoldCo), formerly FBN Holdings, the parent company of First Bank of Nigeria Limited.
According to information from its website, “Barbican Capital holds a 15.1 per cent stake in Africa’s premier financial services holding company.”
In a notice to the Nigerian Exchange (NGX) Limited on Friday, First HoldCo disclosed that on Wednesday, July 16, 2025, Barbican Capital sold a total of 6,314,116,229 units of its shares at a unit price of N31.00, amounting to about N195.7 billion.
It was reported that the shares were sold to another billionaire businessman, Mr Femi Otedola, but fresh information suggests that they were acquired by the federal government through a trustee.
Mr Otedola and Mr Otudeko had been at loggerheads over the control of the financial institution, which led to a bitter boardroom crisis.
With the latest development, Mr Otudeko has exited the field for his rival, who controls about 15 per cent stake in First HoldCo.
With a long tradition of investing in financial services across Africa, Barbican Capital has played a significant role in the sector through various companies.
It once invested in Ecobank Transnational Incorpotated but still has stakes in pensions and investment banking companies.
On his part, with his background as a banker and one of the earliest qualified “professional bankers” in Nigeria, Mr Otudeko got into First HoldCo in 1994 after seeing value in the firm and its potential for transformation and growth.
That initial investment during the government’s privatisation drive of the early 90s started a journey that saw him grow the investment and subsequently join the board of the banking subsidiary in 1997, before becoming the board chairman in 2010. Two years later, he was the chairman of First HoldCo board and left the position 2021.
Economy
Over 70% of Nigerian Cooperatives Still Use Manual Collections Methods

Millions of Nigerians who depend on cooperative societies for credit and savings are at growing risk of financial setbacks, as manual dues collection methods remain the norm across the country. A 2024 study from Nnamdi Azikiwe University (source) revealed that over 70% of cooperatives still rely on handwritten ledgers and informal cash contributions—leaving them exposed to defaults, disputes, and operational breakdowns. Even outright theft is not uncommon.
Cooperatives are vital financial safety nets for millions of Nigerians, especially in underbanked communities. But as default rates rise and reconciliation periods become chaotic, a growing number of cooperatives are reevaluating how they operate—and turning to technology for help.
“We use notebooks and WhatsApp to track payments,” says Iyabo Adebayo, treasurer of a 70-member women’s cooperative in Ibadan. “If someone misses their payment, it takes me days to follow up. Sometimes I just give up.”
This challenge isn’t isolated. The same 2024 study documented how manual tracking of dues and loans in staff cooperatives significantly reduced liquidity and increased the rate of defaults. During peak periods like June—when many cooperatives conduct financial audits—the consequences of poor tracking become more severe.
Recognising this pattern, a growing number of cooperatives are now implementing mandate-based systems like PaywithAccount, a direct debit payment tool developed by OnePipe. The platform enables members to authorise automated deductions for recurring dues, removing friction, improving predictability, and reducing administrative overhead.
“The moment we switched to a structured mandate system, collections became smoother,” says Emeka Chukwu, who oversees a transport workers’ cooperative in Enugu. “It gives us peace of mind. No more excuses.”
Speaking on the trend, Ope Adeoye, CEO of OnePipe, said this trend portends a deeper systemic issue. “When treasurers spend more time chasing payments than managing funds, the model begins to collapse. It’s encouraging to see more cooperatives adopting direct debit tools like PaywithAccount. The increase in uptake reflects a real need—people want structure they can trust, especially in these tough economic times.”
Industry experts believe such solutions could help stabilize grassroots finance. “When dues are predictable, planning becomes possible,” says Temi Adedeji, a digital finance consultant. “It means more loans issued, better savings discipline, and less stress for treasurers.”
As Nigeria’s cooperatives approach their mid-year audits and dividend planning cycles, the need for more resilient, automated collection systems is becoming harder to ignore.
Economy
Stanbic IBTC Ignites Investment Spark with InvestBeta Season 2

Following the success of its debut season, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, announces the return of the InvestBeta Game Show, with registration officially open.
The second season of the InvestBeta show builds on the first edition, aimed at equipping young Nigerians with real-world financial skills in a fun, relatable, and competitive format. The show’s first season, which aired in 2024, captured the attention of Gen-Z viewers across the country, blending entertainment with investment education in a way that had never been done before. With positive feedback, it proved that young Nigerians are ready to learn how to grow their money, and all they need is the right platform.
The new season reflects the Group’s broader youth-focused mission through Beyond Dreams, its dynamic community created for Nigerians aged 18–30. The community aims to help young people turn their aspirations into reality through secure, timely and smart investment choices. Since its inception, Beyond Dreams has grown to a network of over 90,000 young members, generated 2,100+ new investment accounts, and continues to position the Group as a trusted partner in the financial futures of Nigeria’s youth.
Busola Jejelowo, Chief Executive, Stanbic IBTC Asset Management noted InvestBeta reflects our deep commitment to financial education. She said, “We understand that today’s young people want more than just advice but practical, hands-on experience. This is why the InvestBeta game show is here to change how young Nigerians see money and what they can do with it.”
Entries are now open to eligible young Nigerians who want to be part of Season 2. Registration is free via the official link: https://bit.ly/StanbicIBTCInvestBeta. Successful applicants will be selected to compete in a series of challenges designed to test their knowledge, strategy, and creativity around real-life financial scenarios.
And for those who missed the first season, full episodes are available to watch on Stanbic IBTC’s official YouTube channel. From quick financial questions to investment tips, Season 1 offered real lessons with real impact, and Season 2 is gearing up to raise the bar.
To stay in the loop, follow @beyonddreamsng across all social media platforms and be part of the countdown to the second season of Nigeria’s most engaging youth-focused investment competition.
If you are 18 to 26, curious about how money works, and ready to build your future, this is your sign.
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