At 30, STL Trustees exceeds N2b recapitalisation
STL Trustees Limited, Nigeria’s non-bank-affiliated trust company, has surpassed N2 billion recapitalisation threshold set by the Securities and Exchange Commission. The company, unveiled a new logo at its 30th anniversary,
STL Trustees Limited, Nigeria’s non-bank-affiliated trust company, has surpassed N2 billion recapitalisation threshold set by the Securities and Exchange Commission.
The company, unveiled a new logo at its 30th anniversary, marking the milestone with a declaration of market leadership and a clear commitment to regional expansion in Africa.
The company has achieved over capital base in excess of N2.5 billion and shareholders’ funds exceeding N20 billion, well ahead of the regulatory deadline.
These milestones have presented it in a position to chart a bold Africa-wide vision.
The company is also commemorating its 30-year journey since its incorporation in 1996.
“Since then, STL Trustees has grown to become a leading brand in Nigeria’s capital markets, executing transactions in bond issuances, Sukuk structuring, collective investment scheme (CIS) trusteeship, debentures, and syndicated lending, with a balance sheet and institutional depth that few trust companies on the continent can match,” it said.
Speaking yesterday during a media parley in Lagos, Managing Director/CEO, , Mrs. Funmi Ekundayo, said: “our vision is to position STL Trustees as not just a market leader in Nigeria, but a reference point for trusteeship services in Africa. 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.”
Mrs. Ekundayo outlined a five-to-10-year growth strategy anchored on three pillars: deepened sector expertise, technology-driven service innovation, and an expanded footprint in African markets.
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Over three decades, STL Trustees has been at the centre of Nigeria’s most complex capital markets transactions. The firm has 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.
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.
As Nigeria’s capital markets deepen and regional integration frameworks such as the African Continental Free Trade Area (AfCFTA) begin to reshape cross-border investment flows, STL Trustees sees a pivotal opportunity to export its expertise and serve as a model for trust services across the continent.
