Capital Market: CIS Boss Assures Brokers of Brighter Future

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.