CISI, NCMI sign pact to boost capital market growth

The Securities and Exchange Commission (SEC)/Nigerian Capital Markets Institute (NCMI) and the Chartered Institute for Securities & Investment (CISI)  have commenced a partnership, which will continue the NCMI’s important mission to be a catalyst for capital market growth in Africa.

The NCMI is the educational and training arm of the Nigerian capital markets regulator, the SEC.

At the signing ceremony in Lagos Tuesday, Acting Director General of the SEC, Ms. Mary Uduk said the vision of the SEC management is for the NCMI to become a world-class training institute and the first amongst its peers adding that It is in furtherance of this vision that the Commission entered into the partnership with the CISI (UK) to ensure professionalism in the market.

“As you all know, the Securities and Exchange Commission (SEC) has a dual mandate to regulate and develop the Nigerian capital market. In furtherance of its developmental mandate, the Nigerian Capital Market Institute (NCMI) was established in 2004 to promote human capacity development and bridge the knowledge gap in the financial services sector with particular reference to the capital markets.

“The Nigerian Capital Market Institute (NCMI) offers a wide range of specialized training designed to equip market practitioners with the skills and technical knowledge needed for the efficient operation of our capital market. The institute also organizes regulatory examinations for sponsored individuals of capital market operators to ensure that they possess the requisite skills, knowledge and competence to engage in capital market operations and also to determine their suitability as fit and proper persons” she stated 

In his remarks, Chief Executive Officer of CISI, Mr. Simon Culhane expressed delight at the collaboration which he said would benefit investors in the capital market greatly. 

Culhane expressed the optimism that the signing of the agreement would lead to a relationship that would help improve standards in the Nigerian Capital markets in a bid to make it perform better.

The Acting Managing Director of NCMI, Mr. Ismaila Ville said it will be beneficial to the Institute and to the Capital market community at large. Particularly that the Institute has been identified by CISI to be an accredited training (ATP) provider that will provide global certification to capital market operators within Nigeria.

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