Economy
Global Banking & Finance Review Rates Stanbic IBTC Asset Management High
By Modupe Gbadeyanka
Stanbic IBTC Asset Management has been rated high in performance, governance standards, and steadfast commitment to delivering consistent value to investors.
This rating was given by Global Banking & Finance Review, as it awarded the subsidiary of Stanbic IBTC Holdings Plc the Best Asset Management Award at the 2026 Global Banking & Finance Review Awards.
The judging panel evaluates nominees with rigorous criteria, focusing on key performance metrics such as fund performance, sustainability, product innovation, governance quality, risk management, and the depth of client relationships. Stanbic IBTC Asset Management exceeded these benchmarks, distinguishing itself from competitors within the industry.
Stanbic IBTC Asset Management, a registered and regulated fund and portfolio manager by the Securities and Exchange Commission (SEC), has consistently set a benchmark for excellence in fund management, earning the trust of an increasingly discerning investor base. Even amid persistent market volatility and dynamic macroeconomic conditions, the firm has demonstrated resilience and innovation, ensuring that elevated expectations are not only met but exceeded.
The firm has developed a comprehensive product portfolio designed to adapt to varying market conditions. Serving a diverse clientele, including retail investors, institutions, and high-net-worth individuals, it offers mutual funds, structured products, and tailored portfolio management services. What truly distinguishes Stanbic IBTC Asset Management is not only the breadth of its offerings but also its deep understanding of the market and continued investment in innovation, ensuring that clients consistently benefit from solutions aligned with their evolving needs.
In addition to its commitment to performance, the firm continues to invest in enhancing client experience through digital onboarding, real-time reporting, and transparent communication. These initiatives reflect Stanbic IBTC Asset Management’s dedication to making its services more accessible and easier to understand for investors at every stage of their journey.
Its goals extend beyond just managing individual portfolios. Through ongoing investments in financial literacy and investor education, Stanbic IBTC Asset Management aims to cultivate a more informed investing public, thereby contributing to the long-term health of the market.
“This award is a testament to the trust our clients continue to place in us and the dedication of our people who make it possible. We are deeply grateful for the support and patronage of our clients, and equally proud of our team, whose commitment and expertise drive every success.
“Together, we remain focused on delivering value and safeguarding the financial futures entrusted to us,” the chief executive of Stanbic IBTC Asset Management, Ms Busola Jejelowo, stated.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange was weakened by 1.19 per cent on Thursday, July 9, by three bellwether stocks on the platform.
Consequently, the NASD Security Index (NSI) lost 50.47 points to close at 4,199.73 compared with the previous day’s 4,250.20 points, and the market capitalisation gave up N30.29 billion to settle at N2.520 trillion versus Wednesday’s closing value of N2.551 trillion.
The price decliners were led by 11 Plc, which fell by N20.54 to sell at N200.01 per share compared with the preceding session’s N220.55 per share. FrieslandCampina Wamco Nigeria Plc crashed by N11.48 to trade at N140.51 per unit compared with the N151.98 per unit it ended a day earlier, and UBN Property Plc depreciated by 19 Kobo to N1.80 per share from N1.99 per share.
Business Post reports that the sole gainer at the session was IPWA Plc, which added 88 Kobo to quote at N9.71 per unit, in contrast to the previous day’s closing price of N8.83 per unit.
Yesterday, the volume of securities traded by market participants surged by 14,965.4 per cent to 23.9 million units from the previous session’s 158,933 units, and the value of stocks rose by 528.1 per cent to N68.2 million from the preceding session’s N10.9 million, while the number of deals decreased by 3.2 per cent to 30 deals from Wednesday’s 31 deals.
Great Nigeria Insurance (GNI) Plc closed the trading day as the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, trailed by Infrastructure Credit Guarantee (Infracredit) Plc with 2.3 billion units sold for N6.5 billion, and Central Securities Clearing System (CSCS) Plc with 70.7 million units exchanged for N4.9 billion.
GNI Plc also closed the day as the most traded stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units traded for N415.7 million.
By Adedapo Adesanya
A slowdown in the demand for foreign exchange (FX) strengthened the value of the Nigerian Naira against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Thursday, July 9.
At the official market, the Naira gained 64 Kobo or 0.05 per cent against the greenback yesterday to sell at N1,378.43/$1 compared with Wednesday’s exchange rate of N1,379.07/$1.
The market saw a sharp decrease in transaction volume and value, meaning that heavy demand for the Dollar eased.
Interbank FX turnover reduced sharply by more than 62 per cent to $78.708 million, according to the Central Bank of Nigeria (CBN), from $208.094 million in the preceding day.
FX traders also noticed a sharp decline in the number of deals at the NFEM window in the absence of Dollar injection by the central bank. Deal counts shrank to 106 during the NFEM window, down from 150, reflecting a slowdown in FX activity among market makers.
However, the local currency depreciated against the Pound Sterling in the spot market during the session by N6.18 to N1,846.82/£1 from N1,840.64/£1, and declined against the Euro by N2.79 to close at N1,576.09/€1 versus the preceding session’s N1,573.30/€1.
At the GTBank FX desk, the Naira lost N4 against the US Dollar to quote at N1,385/$1, in contrast to the N1,381/$1 it was traded at midweek, and at the parallel market, it remained unchanged at N1,400/$1.
Meanwhile, the cryptocurrency market soared after a moderation in oil prices and bond yields following the collapse of the Iran war ceasefire.
As has been the pattern for months, markets are looking past inflamed rhetoric and new airstrikes to likely conciliatory statements in the near future.
Bitcoin (BTC) gained 2.3 per cent to sell at $64,048.89, Dogecoin (DOGE) grew by 1.9 per cent to $0.0741, Ethereum (ETH) expanded by 1.6 per cent to $1,777.98, Solana (SOL) rose by 1.0 per cent to $79.13, Ripple (XRP) appreciated by 0.9 per cent to $1.10, Binance Coin (BNB) added 0.6 per cent to sell for $576.91, and TRON (TRX) also improved by 0.6 per cent to $0.3329.
However, Cardano (ADA) crashed by 0.9 per cent to $0.1669, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) traded flat at $1.00 each.
By Dipo Olowookere
Subscription for the July 2026 edition of the FGN savings bond is closing today, Friday, July 10.
The exercise started on Monday, July 6, with two tenures of two years and three years on offer to retail investors.
The retail bonds are sold by the federal government through the Debt Management Office (DMO) to raise funds for the country’s budget deficits.
The savings bond offers investors steady tax-free income. It is risk-free, backed by the Nigerian government, and listed on the Nigerian Exchange (NGX) Limited, allowing for secondary market trading and easy exit before maturity.
For the two-year FGN savings bond maturing on July 15, 2028, the debt office is offering it at a 14.716 per cent per annum interest rate, while the three-year FGN savings bond due July 15, 2029, is at 15.716 per cent per annum, with the interest on the investment being paid by the government every quarter.
Intending investors can purchase the debt instrument at a unit price of N1,000, subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50.0 million.
