The President, Chartered Institute of Stockbrokers (CIS),MrOluwaseyi Abe has assured the Nigerian Stock Exchange of continued collaboration of the Institute in order to build a strong and virile capital market in Nigeria.
Abe who unfolded the four-point agenda of the Institute appealed to the Stockbrokers to work very closely with the CIS for enhanced professional development in view of the expanding nature of capital market operations.
Addressing the Stockbrokers on the Nigerian Stock Exchange’s trading floor on the courtesy visit of the new administration of the CIS, Abe said that the Institute had designed four-point agenda to accelerate capital market development. They are: Rebranding, Education, Collaboration and Partnership (RECP). He explained that Stockbrokers are being prepared to rebrand in order to take their rightful position in the financial market.
According to him, the market seemed gloomy at the present but there is hope that it would bounce back. He stated that other exchanges such as National Association of Securities Dealers (NASD), FMDQ Plc and Abuja Commodities Exchange had created alternative platforms for Stockbrokers to practice. Abe explained that the new trend in the financial market required additional skills on the part of Stockbrokers.
He noted that the Institute’s Continued Professional Development (CPD) had been expanded to bridge the skill gaps and position the Stockbrokers to key into emerging opportunities.
Speaking on education, he explained that Investor Education had become more compelling as new products are being introduced into the market and the more investors understand the benefits and risks of investment in the capital market. Abe stated that the Institute had placed premium on the need to intensify efforts aimed at creating more awareness of the relevance of the market to all categories of existing and potential investors who beat the closing gong yesterday.
while beating the closing gong, he commended the management of The Nigerian Stock Exchange on its efforts aimed at developing the market. He assured the Exchange of the Institute’s continued collaboration to globalise the market.
He noted that the capital market regulators and operators had always worked on the same goal of market development. According to him, collaborative efforts have become more compelling in view of the challenges of globalization.
