Stanbic IBTC Stockbrokers Emerges ‘Best Broker in Nigeria’


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 Stanbic IBTC

By Eromosele Abiodun

Few months after the Nigerian Stock Exchange (NSE) adjudged Stanbic IBTC Stockbrokers Limited as the best dealing member firm in 2014, the company, a member of Stanbic IBTC Holdings Plc, has emerged the ‘Best Broker in Nigeria’ in the EMEA Finance – African Banking Awards.

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The firm and other winners in the African Banking Awards 2015 would be presented their prizes at this year’s awards ceremony slated for Sofitel London St. James on Thursday, December 10, 2015.

Overall, the Standard Bank Group, to which Stanbic IBTC belongs, won thirteen awards at the African Banking Awards 2015 in various markets, riding on the back of its pervasive African presence. The Standard Bank Group, which has been in operation for 153 years, has representation in 20 key sub-Saharan countries and other emerging markets.

“Standard Bank continues to demonstrate leadership across all segments of corporate and investment banking in Africa, whether that is advising on complex mergers across national borders, bringing African corporations to international equity capital markets, funding African sovereigns and supranationals through bond or sukuk issuance, or securing financing on difficult, one of a kind landmark projects,” said Publisher & CEO, EMEA Finance, Christopher Moore.

“Congratulations on the bank’s consistent achievement and leadership in African banking,” Moore added.

Chief Executive, Stanbic IBTC Stockbrokers Limited, Oladele Sotubo, said the company was delighted to win the award, which confirmed the appetite and growing capability of the firm, leveraging on the expertise of the Stanbic IBTC Group, to provide robust services in the capital market. He said the award, in addition to the NSE CEO award and last year’s listing of the Stanbic IBTC ETF 30, the Stanbic IBTC Exchange Traded Fund, were clear indications of the Group’s focus on building a strong and vibrant stock market in Nigeria. “We are delighted to be recognised for our efforts and credible performances in the Nigerian capital market. The award reflects our strong commitment to consistently deliver relevant, innovative and timely solutions to our ever growing local and foreign clientele,” Sotubo said.

The award, Sotubo added, reinforces Stanbic IBTC Stockbrokers Limited as the largest stockbroking firm in Nigeria in both volume and value of total transactions. Last year, the firm achieved a turnover in excess of 24 billion units of shares, representing 11.42% volume of shares valued at over N472 billion or 17.55% to lead both the volume and value tables.