By Eromosele Abiodun
President of the Chartered Institute of Stockbrokers (CIS), Mr. Albert Okumagba, has stated that the institute’s recent engagement with the Minister of Agriculture, Dr. AkinwumiAdesina, will see to the birth of several commodity exchanges in the country.
Okumagba who made this known while making his remark at a forum with brokers tagged, “Brunch with the President,” stressed that the birth of the commodity exchanges will ensure the agricultural transformation agenda of the Federal Government is enhanced.
He therefor called on the brokers to be true professional so as to earn the trust of investors adding that a lot is at stake for stockbrokers if they work hard to ensure more companies are listed on the Nigerian stock Exchange (NSE).
He expressed optimism about the future of the stock market stressing that recent development in the polity shows that government will have to rely on the capital market for long term capital to ensure sustained economic growth.
Okumagba also called on stockbrokers to be proactive adding that as CIS fellows they have the duty to lead the transformation of the existing trading platforms in the country.
He reiterated the CIS’s plans to use its platform to create and support knowledgeable professionals that will help deepen the Financial Inclusion Plan for Nigeria.
The professionals, it stated will be working with other capital market stakeholders in the public and private sectors to craft a Nigerian Savings Strategy using all platforms in the financial system – Insurance, Pensions, Mortgage Securities, Mutual Funds, Commercial Banking, Merchant Banking, and Microfinance etc.
He added that the CIS will be providing the requisite professionals to trade on the four markets platforms – The Nigerian Stock Exchange, NASD Plc, FMDQ Plc and the Nigerian Commodities Exchange as stipulated in the law backing the operations of the Chartered Institute of Stockbrokers.
He said: “Brunch with the President” is a series of events which will be held monthly to keep members of the Chartered Institute of Stockbrokers (CIS) abreast of the aggressive steps we are taking to position CIS as one the most strategic professional Institute’s in Nigeria.
“This event will also provide members with an opportunity to interact with each other with the focus of moving the Institute to greater heights. Several initiatives targeted at these objectives and especially beneficial to all members will be presented and discussed at this Forum. It will therefore be in the interest of members to attend and actively participate.
Over the next 18 months, he said, his team will work hard to relocate the Institute to a more befitting structure that would house our secretariat as well as create additional income streams for the Institute.
He therefor called on the brokers to be true professional so as to earn the trust of investors adding that a lot is at stake for stockbrokers if they work hard to ensure more companies are listed on the Nigerian stock Exchange (NSE).
He expressed optimism about the future of the stock market stressing that recent development in the polity shows that government will have to rely on the capital market for long term capital to ensure sustained economic growth.
Okumagba also called on stockbrokers to be proactive adding that as CIS fellows they have the duty to lead the transformation of the existing trading platforms in the country.
He reiterated the CIS’s plans to use its platform to create and support knowledgeable professionals that will help deepen the Financial Inclusion Plan for Nigeria.
The professionals, it stated will be working with other capital market stakeholders in the public and private sectors to craft a Nigerian Savings Strategy using all platforms in the financial system – Insurance, Pensions, Mortgage Securities, Mutual Funds, Commercial Banking, Merchant Banking, and Microfinance etc.
He added that the CIS will be providing the requisite professionals to trade on the four markets platforms – The Nigerian Stock Exchange, NASD Plc, FMDQ Plc and the Nigerian Commodities Exchange as stipulated in the law backing the operations of the Chartered Institute of Stockbrokers.
He said: “Brunch with the President” is a series of events which will be held monthly to keep members of the Chartered Institute of Stockbrokers (CIS) abreast of the aggressive steps we are taking to position CIS as one the most strategic professional Institute’s in Nigeria.
“This event will also provide members with an opportunity to interact with each other with the focus of moving the Institute to greater heights. Several initiatives targeted at these objectives and especially beneficial to all members will be presented and discussed at this Forum. It will therefore be in the interest of members to attend and actively participate.
Over the next 18 months, he said, his team will work hard to relocate the Institute to a more befitting structure that would house our secretariat as well as create additional income streams for the Institute.
Culled from thisdaylive.com
No comments :
Post a Comment
we will love to share your experience: