NSE, ASHON Pledge More Cooperation to Enhance Capital Market Growth

The President of the Nigerian Stock Exchange (NSE), Mr. Abimbola Ogunbanjo has assured stakeholders of the preparedness of the exchange to work with the Association of Stockbroking Houses of Nigeria (ASHON) so as to enhance the capital market’s global competiveness.

Ogunbanjo gave this assurance while addressing executive team of ASHON, who paid a courtesy visit in Lagos. He hailed the association for its renewed advocacy for fair dealings in the capital market, saying ASHON has been on the forefront of professional approach to all indices of market development.

According to him, the association has been consistently advocating for fair dealing among the quoted companies, regulators operators and investors to ensure sustainable development in the market.

He therefore, gave the assurance that NSE would continue to support the association in order to enhance the capital market’s global competitiveness.

Ogunbanjo said: “ASHON has always been advocating for improvement in products and services in our market. They have been assisting us in dealing with issues as they come up in the market through constructive engagement with all stakeholders. We get both sides of the story from ASHON and so they have always played pivotal role in balancing our thought processes. We relate with the Association on regular basis.”

Responding, Chairman of ASHON, Mr. Patrick Ezeagu, who led the team told the NSE president of the association’s loyalty and firm support towards building a vibrant market for the overall interest of the entire nation and indeed African continent.

Congratulating him on his appointment as the NSE president, Ezeagu said as the father of the exchange ASHON had come to inform him about the association’s stand on certain issues concerning market development.

He added that they also wanted to know the direction of his tenure in order to key into as part of continued efforts to move the market forward.

“Also, we have equally come to pledge our loyalty, support and cooperation so that together we can work for the upliftment of the market, “Ezeagu said.

Ogunbanjo assured them that their concerns would be relayed back to the exchange’s council with a view to addressing them as all the issues raised were in line with the development of the market.

Ezeagu was accompanied by ASHON’s Vice Chairman and acting Chief Executive Officer of the proposed Lagos Commodity and Futures Exchange, Mr. Akin Akeredolu-Ale , former Chairman of ASHON, Mr. Rasheed Yussuff and the new Executive Secretary Mr. Athan Ogbozor.