A dispatch from Channels TV highlights that financial institutions and market operators gathered at the Nigerian Exchange Group (NGX) to mark 30 years of formal custody services in the country’s banking and capital markets. The milestone was commemorated with a ceremonial closing gong ceremony on the trading floor.
Industry leaders reflected on how custody services have evolved from basic asset safekeeping into sophisticated post-trade administration, supporting institutional investors, foreign portfolio flows, and asset management expansion. Market capitalization and foreign participation have expanded significantly as custody standards aligned with global best practices.
Regulators and market operators reaffirmed their commitment to accelerating digital custodian solutions, leveraging technology to deepen liquidity, safeguard investor funds, and improve settlement efficiency across capital market instruments.
The Guardian validated the event, noting that “Stanbic IBTC marks 30 years of custody services with NGX closing gong ceremony” alongside key market stakeholders. Vanguard also reported on capital market growth, quoting market analysts who emphasized that “digital finance growth outpaces confidence” as infrastructure modernizes.
**Echotitbits take:**
Mature custody services are foundational for attracting foreign institutional funds and pension investments into local equities and debt markets. As digital assets and fintech solutions scale up, custodians must continuously upgrade cybersecurity and compliance frameworks. Watch for regulatory updates from the SEC regarding digital asset custody standards in coming months.
Source: Channels TV – https://businessday.ng/companies/article/stanbic-ibtc-marks-three-decades-of-custody-services-with-ngx-closing-gong-ceremony/, August 2, 2026
Photo credit: Pop News
