Tofarati Agusto, Managing Director of WSTC, says a strong risk management culture supported by unrivalled research has seen WSTC thrive over the past 21 years. A striking example is how the company survived the political and banking crises of the 1990s while several financial institutions folded up. WSTC’s strategy to sacrifice balance sheet growth for stability ensured its survival. Again in 2008, the company’s capital was preserved when the stock market crash eroded the capital of several firms.
Net assets grew from N20 million (£133,000) in 2000 to over N1 billion (£4 million) currently, despite consistently paying cash dividends to shareholders. This growth was purely internally generated without any injection of capital from shareholders.
With reforms in Nigeria providing investment opportunities, WSTC’s history and experience position it to provide unique financial advisory, asset management and trade execution services.
A client-focused investment banking boutique with a strong track record of stability and reliability, WSTC is undoubtedly a partner of choice for foreign investors in Nigeria.