NSE, Securities Dealers Pledge More Collaboration for Market Growth

The Nigerian Stock Exchange has restated its confidence in Association of Securities Dealing Houses of Nigeria ( ASHON) as a body that upholds highest standard of professionalism in handling capital market issues.

Besides, the exchange which commended ASHON’s efforts in ensuring the success of the ongoing demutualisation of the market for enhanced competitiveness, has sought more collaboration with the professional body at post demutualization period.

Addressing the executive members of ASHON during their courtesy visit to the exchange to sound the closing gong and sensitize members towards its annual general meeting (AGM), the Executive Director, Regulation, NSE, Ms Tinuade Awe, explained that ASHON had always collaborated with the exchange in all areas of market development.

Awe, who represented the Chief Executive Officer of NSE, Mr. Oscar Onyema specifically lauded ASHON for its dynamic leadership and efforts at broadening the market. She lauded the association’s collaborative roles towards the success of the ongoing demutualisation of the market.

Presenting the symbolic gong to ASHON’s chairman, Chief Patrick Ezeagu, for future reminder of the historic visit, Awe urged the members to continue to support The Exchange for the overall development of the market.

Responding, Ezeagu expressed the members’ optimism in the exchange’s management and assured the regulatory body of continued support to ensure the success of demutualisation project. He stated that ASHON had commenced rebranding of its operations and processes to enable its members sustain their businesses after demutualisation.

Ezeagu, who described ASHON’s visit and beating the closing gong as the first of it’s type by any council, urged its members to attend the AGM and come up with relevant suggestions to move the market forward.