West Africa: Nigeria's First Indigenous Brokerage Firm Eyes Pan-African Growth

11 May 2026

Nigeria's first indigenous brokerage firm, Financial Trust Company Limited, (FTC) said it targeted Pan-African expansion amid celebrating its 50th anniversary.

This was disclosed by the Group Managing Director/Chairman of FTC, Mr. Omoniyi Ajayi, at a press conference in Lagos.

He announced the company's 50th anniversary, describing the milestone as a testament to endurance, institutional vision, and sustained trust within Nigeria's evolving capital market.

He said the anniversary, scheduled for this week in Lagos, represents more than longevity, noting that it reflects the confidence reposed in FTC by clients, stakeholders, and the broader financial ecosystem over several generations.

He observed that despite the size and potential of the Nigerian economy, market participation remains relatively low, often due to limited financial literacy, perceived complexity, and access barriers.

He expressed optimism that the anniversary would drive greater awareness and encourage more Nigerians to engage with the capital market as a viable avenue for wealth creation and economic empowerment.

He also disclosed that FTC aims to evolve into a leading pan-African financial services group, rooted in Nigeria but with a growing presence across the continent.

AllAfrica publishes around 600 reports a day from more than 90 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.