Firm Surpasses N2bn Capital Ahead Of SEC’s Deadline

Ahead of the June 30, 2027 deadline set by the Securities and Exchange Commission (SEC) for operators in the Nigerian capital market to shore up their capital, STL Trustees Limited, on Tuesday, announced that it has exceeded the N2 billion minimum capital requirement.

The firm disclosed that its capital base has risen above N2.5 billion, alongside shareholders’ funds exceeding N20 billion, underscoring a balance sheet strength that positions it competitively within Nigeria’s evolving capital market landscape.

Speaking at a media parley announcing the commencement of activities to mark the company’s 30th anniversary, during which it also unveiled a commemorative logo and outlined a forward-looking strategy aimed at consolidating domestic leadership while expanding across African markets.

Speaking at a media parley, the managing director of STL Trustees, Mrs Funmi Ekundayo, said the firm’s growth trajectory is anchored on building scale, deepening technical capacity, and deploying technology to broaden its service offerings.

“Our vision is to position STL Trustees as not just a market leader in Nigeria, but a reference point for trusteeship services across Africa,” she stated, noting that the company’s medium-term plan will focus on sector expertise, innovation, and geographic expansion.

“Over the next five to 10 years, we aim to deepen our expertise, leverage technology to expand our service offerings, and continue to set the standard of excellence in the trusteeship sub-sector” she stated Adi that the growth strategy is anchored on three pillars of deepened sector expertise, technology-driven service innovation, and an expanded footprint across African markets.

Ekundayo stated that over three decades, STL Trustees had been at the centre of Nigeria’s most complex capital markets transactions. Adding that it had served as trustee and security agent in multi-billion-naira bond programmes and Sukuk issuances for state governments, acted as trustee to some of the country’s largest collective investment schemes, and provided estate planning and corporate trust services to individuals, families, and institutions across Nigeria.

She explained that the recapitalization milestone is a significant indicator of the company’s financial health and strategic readiness. With shareholders’ funds exceeding N20 billion, STL Trustees is strongly positioned to take on larger mandates, expand its service suite, and invest in the digital infrastructure required to support next-generation trust services.