FTC Celebrates 50 Years of Impact in Nigeria's Capital Market

The Financial Trust Company (FTC), Nigeria's first indigenous stockbroking institution, celebrated its 50th anniversary in Lagos, marking a significant milestone in the country's capital market ecosystem. During the event, Dr.

Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), praised the FTC for its enduring contributions to the financial landscape, highlighting the challenges it overcame since its establishment in 1976 by Otunba Olufemi Ajayi. Agama noted the importance of honoring pioneers who built resilient financial institutions under difficult circumstances.

Jude Chiemeka, Chief Executive Officer of Nigerian Exchange Limited (NGX), and Abimbola Babalola, Head of Trade Products at NGX, also acknowledged FTC's deep intertwining with the evolution of Nigeria's capital market over the past 50 years. Fiona Ahimi, President Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), and Sehind Adenagb, Chairman of the Association of Securities Dealers Houses of Nigeria (ASHON), commended FTC for successfully navigating regulatory reforms and economic cycles throughout its history.