February 4, 2023



NGX celebrates CIS on thirtieth anniversary, reopens buying and selling flooring

 Nigerian Change Restricted (NGX) hosted the Chartered Institute of Stockbrokers (CIS) to a Closing Gong ceremony to commemorate the Institute’s 30th anniversary alongside the reopening of the buying and selling flooring of the market.

The Chairman, NGX, Abubakar Mahmoud, SAN, OON, whereas giving his remarks congratulated the Institute for its contribution to upholding integrity and ethics within the capital market whereas selling and defending the pursuits of the stockbroking neighborhood. He additionally thanked stockbrokers for his or her cooperation with NGX, attributing the profitable report of buying and selling with zero downtime to a mixture of NGX’s funding drive in know-how and the collective agility and collaboration between the Change and the stockbroking neighborhood.

He stated, “Thirty years of excellence isn’t any small feat and on the Change, we recognise the importance of CIS to the capital market because it engenders dedication to the very best requirements of service and professionalism. Its advocacy initiatives and help for the stockbroking and funding follow in Nigeria is notable and worthy of celebration.

“Transferring ahead because the Change, we plan to leverage our shared historical past and cordial relationship with CIS to additional drive progress and worth creation within the capital market. NGX needs the Institute many extra years of excellence because it continues to markedly improve the Nigerian capital market and the broader financial system.”

The Chairman, NGX Group, Alhaji Umar Kwairanga throughout his remarks famous that it was to the credit score of NGX, NGX Regulation, Central Securities Clearing System (CSCS), NGX Group and the stockbroking neighborhood that buying and selling flowed seamlessly in the course of the pressured closure interval. He nonetheless stated, “I additionally understand how bodily interactions matter to us brokers and can proceed to guarantee that we see the influence of us coming again to the buying and selling flooring.

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“We’re additionally marking this alongside the ceremony commemorating our thirtieth anniversary and I hope that that is only the start of higher collaboration between brokers, NGX Group as a complete and the capital market,” he added. 

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