Cap­i­tal Mar­ket: CIS Boss As­sures Bro­kers of Brighter Fu­ture

THISDAY - - MARKET NEWS - Goddy Egene

The Pres­i­dent, Char­tered In­sti­tute of Stock­bro­kers (CIS), Mr. Oluwaseyi Abe has as­sured stock­bro­kers that the fu­ture of their pro­fes­sion is bright as the Nige­ria’s cap­i­tal mar­ket is wit­ness­ing re­cov­er­ing with po­ten­tial to wax stronger.

Abe gave the as­sur­ance on the floor of the Nige­rian Stock Ex­change (NSE) when he sounded the sym­bolic gong to com­mem­o­rate the 25th an­niver­sary of the CIS.

The CIS boss there­fore urged the gen­tle­men of the city to keep up the tenets of in­tegrity and the say­ing that ‘my word is my bond, to sus­tain a cul­ture of trans­parency for en­hanced in­vestor con­fi­dence in the mar­ket.

He ex­plained that the In­sti­tute, just like the cap­i­tal mar­ket has un­der­gone se­ries of chal­leng­ing phases.

“City Gen­tle­men, I con­grat­u­late you all on the 25th an­niver­sary of our In­sti­tute. We started in 1992 as a pres­ti­gious group that was the envy of all. CIS and its mem­bers have weath­ered the storms and vi­cis­si­tudes of the mar­ket over the years. We have demon­strated re­silience and strong men­tal char­ac­ter in nav­i­gat­ing through the tough times,” he said. Ac­cord­ing to him, CIS has put a ro­bust plan in place to en­sure that the good times are back again for stock­bro­kers. Abe said: “The fu­ture of our pro­fes­sion is as­sured as our mar­ket is not only re­silient but the Nige­ria’s econ­omy is on the speedy lane of re­cov­ery. We have won the trust and con­fi­dence of the gov­ern­ment and ma­jor play­ers in cor­po­rate Nige­ria as ev­i­denced by the na­tional work­shop, pres­i­den­tial in­vesti­ture, and now the hon­ourary fel­low­ship awards which our In­sti­tute shall be­stow on some em­i­nent Nige­ri­ans soon. We have ev­ery rea­son to raise our heads high as mem­bers of this great In­sti­tute. We thank you all for your un­flinch­ing sup­port. How­ever, we must sus­tain in­vestor con­fi­dence through our con­tin­u­ous ad­her­ence to eth­i­cal stan­dard that would en­hance in­tegrity and our word should al­ways be our bond.” Chief Ex­ec­u­tive Of­fi­cer, of the NSE, Mr. Os­car Onyema, who wel­comed the In­sti­tute’s prin­ci­pal of­fi­cers dur­ing a courtesy visit ear­lier in the day com­mended them for tak­ing the or­gan­i­sa­tion to the greater height. Onyema ad­vised the In­sti­tute to fur­ther break down its pro­fes­sional ex­am­i­na­tions to at­tract more mem­bers as many peo­ple would love to be mem­bers of the pres­ti­gious or­gan­i­sa­tion .

As part of the com­mem­o­ra­tion of its Silver Ju­bilee, CIS has ap­proved hon­ourary mem­ber­ship for Gen­eral Yakubu Gowon, Chief Oluse­gun Obasanjp, Gen­eral Ibrahim Ba­bangida and Al­haji Aliko Dan­gote.

They shall be hon­oured on the ba­sis of their con­tri­bu­tions to the growth and de­vel­op­ment of the Cap­i­tal Mar­ket over the years.

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