Economy
Stanbic IBTC Trustees Promises Clients Unparalleled Risk Management
By Modupe Gbadeyanka
Clients of Stanbic IBTC Trustees have been assured of unparalleled risk management as the company has the trusted hands to provide this service.
According to the chief executive of the firm, Mr Charles Omoera, the trust solutions of Stanbic IBTC Trustees are geared at helping individuals run effective businesses with peace of mind and plan their estates to ensure successful and seamless transfer of assets to their future generation.
“The importance of estate planning cannot be over-emphasised. It provides for and protects our loved ones and their interests.
“Through the use of Wills and Trusts, these interests are protected from obnoxious practices, and family squabbles or financial challenges that may arise after the passing of the testator are minimised,” Mr Omoera stated.
“As an organisation committed to global risk management and world-class corporate governance, Stanbic IBTC Trustees ensures that clients enjoy unparalleled risk management, based on tried and trusted practices built on the organisation’s renowned culture of trust, confidentiality and integrity,” he said.
He stated that with the company’s wealth of experience and expertise across developed markets globally, it has continued to offer stellar services across different jurisdictions with integrity and transparency, noting that Stanbic IBTC Trustees remains committed to providing innovative and customer-focused financial solutions to Nigerians with its sound financial standing.
Stanbic IBTC Trustees is a subsidiary of Stanbic IBTC Holdings Plc providing services like facility agent, which ensures seamless disbursement and repayments in club lending arrangements while ensuring all other loan conditions stand.
These conditions are Security Trustee, which allows Stanbic IBTC Trustees to hold in trust the security for a loan while also monitoring the assessed value of such security against loan exposure.
Stanbic IBTC Escrow Agent allows Stanbic IBTC Trustees to hold funds and documents in escrow for the transacting parties.
Others are Public Trust, which allows Stanbic IBTC Trustees to act as Trustee to state government bonds and mutual funds under the oversight of the Securities and Exchange Commission; and Trust Scheme, which allows Stanbic IBTC Trustees to act as Trustee in personalised Trust arrangements to meet specific needs.
Furthermore, the organisation has an Estate Planning bouquet that encompasses asset acquisition, asset management, and asset transfer, and it is structured using tools such as Wills and Trusts.
Amongst them is the Stanbic IBTC Educational Trust (SET) which assists parents and guardians in providing quality education for their children and wards. Through the service, parents have an opportunity to make contributions towards funding the education of their children–whether it is primary, secondary, tertiary or even post-graduate education.
In addition, Stanbic IBTC guides in drafting Comprehensive Wills and executing same and acts as Custodian of the Will and Executor of the Estate.
Also, the organisation helps with setting up Private Trusts for Clients who require bespoke Estate Planning solutions while low-cost, simplified, ‘off-the-shelf solutions such as the Simple Will, ensure easy access to assets by Beneficiaries after the Testator passes on.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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